Page 1019 - Company News
Serum Institute of India to apply for licence of JN.1 Covid variant vaccine
Covid cases in India: On Friday, India recorded 640 fresh Covid-19 infections and the number of active cases now stands at 2,997
 "Serum Institute of India to apply for licence of JN.1 Covid variant vaccine")
Lupin to acquire products in Europe, Canada from Sanofi for Rs 91 cr
Home-grown pharma major Lupin Ltd on Friday said it acquired a portfolio of established products in Europe and Canada from Sanofi for a purchase consideration of EUR 10 million (Rs 91 crore)
 "Lupin to acquire products in Europe, Canada from Sanofi for Rs 91 cr")
BEL bags Rs 2,673 crore order from Goa Shipyard, Garden Reach Shipbuilders
Bharat Electronics Limited (BEL) has bagged cumulative orders of worth Rs 25,935.15 crore till now in the current financial year, said the company
 "BEL bags Rs 2,673 crore order from Goa Shipyard, Garden Reach Shipbuilders")
Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture
Mitshi India was founded in 1976 as Dera Paints and Chemicals Ltd and Its market cap on Friday stood at Rs 20.20 crore
 "Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture")
Threat actor breaches BSNL server database, puts up dataset on dark web
State-owned telecom operator BSNL suffered a data breach as a threat actor released a dataset containing 32,000 lines of data, including sensitive details of landline users, on a dark web forum
 "Threat actor breaches BSNL server database, puts up dataset on dark web")
I-T officials search 50 offices, facilities of Polycab India; shares fall
BSE said that it has sought clarification from Polycab India on the reports of tax raids
 "I-T officials search 50 offices, facilities of Polycab India; shares fall")
SBI to sign $165 million LoC with World Bank for rooftop solar projects
In September, SBI said that it plans to make home loans with rooftop solar installations mandatory for residential projects funded from the bank's long-term climate action funds
Nike trims sales forecast; to cut $2 billion in costs over next three years
Nike said its revenue in the full year, ending May 2024, is expected to be down by about 1 per cent
 "Nike trims sales forecast; to cut $2 billion in costs over next three years")
Oxyzen Express raises $3 million to invest in next-gen logistics tech
The company operates within the highly competitive express logistics industry which boasts a total addressable market opportunity in excess of Rs 1.5 trillion
 "Oxyzen Express raises $3 million to invest in next-gen logistics tech")
Zomato denies reports of an offer to acquire Shiprocket for $2 billion
Earlier, Bloomberg had reported that Zomato had made an offer to acquire Shiprocket
 "Zomato denies reports of an offer to acquire Shiprocket for $2 billion")
Pharma firm Innova Captab IPO subscribed 1.40 times on first day of offer
The initial public offer of integrated pharmaceutical company Innova Captab got subscribed 1.40 times on the first day of subscription on Thursday
 "Pharma firm Innova Captab IPO subscribed 1.40 times on first day of offer")
Blackstone transaction, improving outlook to support Embassy Office Parks
The world's largest alternative asset manager, through its investment companies, sold a 23.59 per cent stake in the company, leaving the Embassy group as the sole sponsor of the REIT
 "Blackstone transaction, improving outlook to support Embassy Office Parks")
Blackstone to buy major stake in Sony Payment Services for $280 mn
Blackstone Inc. will take a majority stake in a payment service provider under Sony Group Corp. for about $280 million, a person familiar with the matter said
 "Blackstone to buy major stake in Sony Payment Services for $280 mn")
Apple loses bid over dispute threatening to stop US sales of 2 watch models
Apple has been rebuffed in its latest attempt to untangle a patent dispute that is pushing the company into suspending sales of two popular Apple Watch models as the holiday shopping season wraps up
 "Apple loses bid over dispute threatening to stop US sales of 2 watch models")
Credo Brands' IPO gets subscribed 51.85 times on heavy demand from buyers
The Initial Public Offering (IPO) of Credo Brands Marketing, which owns denim brand Mufti, got subscribed 51.85 times on Thursday, the last day of subscription
 "Credo Brands' IPO gets subscribed 51.85 times on heavy demand from buyers")
Nexzu Mobility plans to set up smart EV park in Gujarat worth Rs 5,000 cr
Atulya Mittal-founded electric mobility firm Nexzu Mobility has proposed to set up a smart EV Park in Gujarat and plans to invest Rs 5,000 crore in the project over the next 10 years, the company said
 "Nexzu Mobility plans to set up smart EV park in Gujarat worth Rs 5,000 cr")
Return to office: Evolving corporate landscape redefines working space
As companies asked employees to return, demand for office spaces surged this year
 "Return to office: Evolving corporate landscape redefines working space")
Allcargo Logistics, Allcargo Gati boards approve businesses restructuring
Allcargo Logistics Ltd and Allcargo Gati boards on Thursday approved restructuring of businesses, Allcargo Group said in a statement
 "Allcargo Logistics, Allcargo Gati boards approve businesses restructuring")
LIC gets one-time exemption from 25% minimum public shareholding rule
State-owned insurer has received an extension of 10 years and would need to meet the criteria by May 2032
 "LIC gets one-time exemption from 25% minimum public shareholding rule")
Vizag Steel Plant forges deal with JSPL for Rs 900 cr working capital
The Vizag steel plant has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses
 "Vizag Steel Plant forges deal with JSPL for Rs 900 cr working capital")