Page 40 - Sohini Das

M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more

Company says it may consider further investment in the bank to raise its holding up to 9.9%

Dr Reddy's Laboratories Q1 PAT up 18% to Rs 1,402 cr on India, Russia biz

With cash surplus of Rs 4980 crore, pharma major looking at inorganic opportunities

Tata Motors applies for PLI benefits for Tiago electric car, says top exec

The Mumbai-headquartered firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units

Cipla Q1 PAT up 45% YoY to Rs 996 crore on strong India, US business

Cipla said that its key asset Lanreotide (hormonal drug) has improved its market share to 18 per cent. And, its focus continues on limited competition launches

Bajaj Auto posts 41% jump in Q1 net profit on strong domestic sales

Its export volumes improved sequentially by 12 per cent amid the continued macro challenges in overseas markets

Tata Motors rides on JLR to see 42% surge in revenue; posts Rs 3,200 cr net

Outlines Rs 38K crore capex for the year

Tata Motors to convert differential voting rights into ordinary shares

The market value of outstanding Tata Motors DVR is nearly Rs 19,000 crore, while the market value of ordinary shares is Rs 2.12 trillion

Mahindra Group to aid US companies to set up manufacturing base in India

The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes

1 drug sample spurious and nearly 48 substandard in June inspection

Eye-drops made by Indiana Ophthalmics in Gujarat that have been under the scanner also feature in the list

JLR India retail sales double to 1,048 units in best-ever Q1 showing

Performance rides on 209% growth in the Range Rover, Range Rover Sport, Defender sales

Jaguar Land Rover appoints interim boss Mardell as CEO for 3-year term

On Wednesday, Tata Group announced plans to set up a $5 billion electric vehicle battery plant in the UK that will have JLR and Tata Motors as anchor customers

Chemists to take pholcodine cough medicines off shelves after WHO alert

DCGI issues advisory to doctors and patients after risks of anaphylactic reactions

DCGI warns against use of pholcodine-containing cough syrups, cites risks

Regulator asks doctors to suggest an alternative to patients for treating their symptoms

Centre moots unified portal for drug regulation to build trust in quality

Move seeks to harmonise regulatory requirements at central and state level

Tata plugs into UK automotive sector for $5.2 bn electric car gigafactory

JLR, Tata Motors to be anchor customers of EV battery unit

Temasek Holdings looking to invest $10 billion in India in 3 years

Temasek, an early investor in Indian firms like Zomato, Tata Play, and Ola, plans to invest in climate-aligned opportunities such as renewable energy and companies engaged in decarbonisation efforts

Temasek investments guided by digitisation, future of consumption: Execs

Country's demographics, steady policy and focus on infrastructure are among its strengths, say senior executives of Singapore-based investment firm

Electric two-wheeler firms cut on battery size after FAME subsidy reduced

Portfolio rejig may keep prices low for customers

Results preview: Price hikes, lower input costs to aid auto firms' Q1

Most auto OEMs have increased their prices in the past few months and analysts feel that higher average selling price on a YoY basis would aid margins

Q1 preview: US drug shortage, stable pricing set to boost pharma revenues

Hospitals are, however, likely to report lower occupancy rates, and diagnostics companies may witness an impact from delayed monsoon