Page 1235 - Company News
Aurobindo Pharma to launch HIV drug for children in 123 countries
The pharmaceutical company will launch its HIV triple combination product for children living with HIV in low- and middle-income countries under voluntary licence from ViiV Healthcare
 "Aurobindo Pharma to launch HIV drug for children in 123 countries")
Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025
Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025
 "Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025")
Wipro and IIT Delhi launch centre of excellence for AI innovation
Wipro's researchers, the ScAI faculty members, and IIT Delhi will collaborate to design innovative solutions using AI, machine learning, and other cutting-edge technologies
 "Wipro and IIT Delhi launch centre of excellence for AI innovation")
Boeing commences production of AH-64E Apache choppers for Indian Army
As a part of transferring production of defence equipment from the US to India, Boeing and the Tata Group have formed a joint venture called Tata Boeing Aerospace Limited (TBAL)
 "Boeing commences production of AH-64E Apache choppers for Indian Army")
Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times
The company has 152 branches spread across 120 cities and 16 Indian states
 "Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times")
Wipro partners with IIT Delhi to launch generative AI centre of excellence
Wipro CoE teams will jointly work on building innovative solutions using AI, Machine Learning (ML), and other technologies, the company said
Amara Raja Batteries to expand into two-wheeler market to power growth
The company, which owns the Amaron battery brand, aims to penetrate into two-wheeler EV market first with chargers and eventually through battery packs as it expands its so-called 'new energy' segment
 "Amara Raja Batteries to expand into two-wheeler market to power growth")
M&M expects to produce 200K EVs from upcoming Chakan plant by 2029: Nakra
The company estimates that EVs would account for 30 per cent of the overall volumes by 2030
 "M&M expects to produce 200K EVs from upcoming Chakan plant by 2029: Nakra")
Coal India capex spending grows 8.5% to Rs 4,700 cr in Apr-Jul: Officials
Typically, the capex starts slow in the first quarter with the company laying out the expenditure plans at the beginning of the fiscal and gradually builds up in the subsequent quarters
 "Coal India capex spending grows 8.5% to Rs 4,700 cr in Apr-Jul: Officials")
Adani Power has shares worth $1 bn change hands in attempt to recover
The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations
 "Adani Power has shares worth $1 bn change hands in attempt to recover")
Hatsun Agro inaugurates 200th outlet under IBACO brand in Hyderabad
The store has been set up in Pragathi Nagar, Hyderabad and would offer various flavors including almond crunch, cotton candy, sea salt caramel pecan and Belgian chocolate among others
 "Hatsun Agro inaugurates 200th outlet under IBACO brand in Hyderabad")
Zoom walks back on new terms of service after backlash over user data
Online video conferencing platform had proposed using customer data for AI training
 "Zoom walks back on new terms of service after backlash over user data")
SBI Card announces linking of credit cards on RuPay platform with UPI
SBI Card and National Payments Corporation of India on Thursday announced the linking of SBI credit cards on RuPay platform with UPI.
 "SBI Card announces linking of credit cards on RuPay platform with UPI")
Hyundai Motor's India unit to buy General Motors' Maharashtra plant
The South Korean firm said it intends to upgrade the existing infrastructure at the Talegaon unit and start manufacturing in 2025. The plant currently has an annual production capacity of 130,000 unit
 "Hyundai Motor's India unit to buy General Motors' Maharashtra plant")
TVS, BMW in discussions to expand manufacturing network beyond India
Under their partnership, TVS Motor's Hosur manufacturing plant produces around 10 per cent of BMW Motorrad's volumes, globally
 "TVS, BMW in discussions to expand manufacturing network beyond India")
Aurobindo Pharma gets USFDA nod to make, market generic Icatibant injection
The approval granted by USFDA is for Icatibant injection of strength 30 mg/3 mL (10 mg/mL), single-dose pre-filled syringe, Aurobindo Pharma said in a regulatory filing
 "Aurobindo Pharma gets USFDA nod to make, market generic Icatibant injection")
Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review
Business Standard brings you the top headlines at this hour
 "Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review")
India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes
A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit
 "India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes")
Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today
Offer floor price of Rs 2,400 per share is 6% discount to last closing price
 "Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today")
Claims worth Rs 45K cr against Bharti Airtel, subsidiaries under litigation
Initially a demand notice of Rs 5,201.2 crore was raised by the DoT, which was revised to Rs 8,414 crore in 2018
 "Claims worth Rs 45K cr against Bharti Airtel, subsidiaries under litigation")