Page 1027 - Company News

Biological E develops next gen XBB1.5 variant Covid vax, awaits clearance

XBB 1.5 is a sub-variant of Omicron, and a sub-linear of XBB variant. It is a recombinant of the two BA.2 sublineages, and carries a mutation of the spike protein (F486P)

Suzlon bags two wind energy orders from Mahindra Susten, nordic energy firm

Suzlon will execute the project with a full scope of supply, installation, and commissioning. Additionally, Suzlon will also undertake post-commissioning operation and maintenance services

Future Enterprises RP invite bids for insurance biz, apparel making units

FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group

Mahadev app owner detained in Dubai; ED may file fresh charge sheet

The development comes weeks after Ravi Uppal, another promoter of the betting and gaming app, was detained by local authorities in Dubai on a red notice (RN) issued by Interpol at the behest of the ED

Infosys accuses Cognizant of unfair employee poaching, sends letter to firm

Infosys sent a written communication to Cognizant after a number of its senior executives left to join the firm

ICICI Prudential Life gets GST demand notice of Rs 270 crore for 2017-18

The total demand of Rs 269.86 crore includes GST of Rs 119.56 crore, interest of Rs 138.34 crore, and penalty of Rs 11.95 crore

Reserve Bank of India gives nod to reverse merger of IDFC-IDFC First Bank

Under the proposed reverse merger scheme, an IDFC shareholder will get 155 shares for every 100 shares she/he holds in the bank. Both stocks have a face value of Rs 10 each

USFDA nod to Lupin for generic Loteprednol Etabonate ophthalmic suspension

The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application for Loteprednol Etabonate ophthalmic suspension, 0.2 per cent, Lupin said in a regulatory filing

Apraava Energy secures 300 MW wind energy project in Karnataka's Aski

The project is part of the 1,200 MW auction capacity of Inter-State Transmission System (ISTS)-connected wind power projects (Tranche-XIV) from the Solar Energy Corporation of India (SECI)

Aurobindo Pharma gets USFDA approval for generic antifungal injection

The approval by the US Food & Drug Administration (USFDA) is for Posaconazole injection of 300 mg/16.7 mL (18 mg/mL), single-dose vial, Aurobindo Pharma said in a regulatory filing

Toyota Kirloskar Motor confident of continuing strong growth in 2024

Sood said TKM is "confident of closing CY 2023 with the highest ever sales numbers"

ICICI Lombard gets GST notice of over Rs 5.66 cr for alleged short payment

ICICI Lombard on Wednesday said it received a demand notice for alleged short payment of GST of over Rs 5.66 crore

EAD, ADQ sign pact with Dendra to leverage advanced seeding drones

This partnership will support EAD's initiatives in assessing the condition of terrestrial and coastal habitats and increasing environmental information about them

L&T Construction bags contract for AMAALA project in Saudi Arabia

AMAALA is an ultra-luxury destination set in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's northwestern coast

Dish TV shareholders reject candidature of 4 independent directors in EGM

After the voting results, which were declared on the same day, all four independent directors resigned

Intel partners with Israel to invest $25 bn in new manufacturing facility

The new factory is expected to begin operating in 2028. Intel will operate it at least till 2035

Tesla planning to revamp smash hit model Y from Shanghai plant: Report

Earlier this year, Tesla revamped its six-year-old Model 3 sedan with a sleeker look and longer range to attract customers

Wipro files suit against former CFO Jatin Dalal after he joins Cognizant

The IT giant also recently filed a complaint against its former senior executive Mohd Haque, and accused him of violating a non-compete clause embedded within his employment contract

Wipro files case against former CFO Jatin Dalal who moved to Cognizant

Dalal has sought that the matter be referred to arbitration, the case will now be heard by a Bengaluru civil court on January 3

Adani Energy Solutions bags Halvad Transmission project in Gujarat

Adani Energy Solutions also said that its arm, Adani Transmission Step-Four, will form a joint venture with UAE-based Esyasoft Holdings to implement smart metering projects