Page 1286 - Company News

Dr Reddy's application for biosimilar candidate accepted for USFDA's review

Dr Reddy's Laboratories on Wednesday said its biologics licence application for its proposed biosimilar rituximab candidate has been accepted for a substantive review by the USFDA

Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion

Tata Tech evinces interest to set up CEFCs in K'taka, investing Rs 2,000 cr

Tata Technologies has come forward to set up three CEFCs in the state by investing Rs 2,000 crore, to facilitate MSMEs, Karnataka Large and Medium Industries Minister M B Patil said on Wednesday

Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter

Singh and his family own 46.95 per cent stake in the airline as on March 31, 2023

Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23

SpiceJet promoter Ajay Singh to inject Rs 500 crore in struggling airline

The infusion of fresh capital will substantially strengthen the SpiceJet's financial position

HUL has the highest peneration in shampoos followed by soap bars: Kantar

The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali

Hindalco Industries board approves proposal to sell land for Rs 595 cr

Hindalco Industries' board on Wednesday approved a proposal to sell a land parcel at Kalwa, Maharashtra, for Rs 595 crore

Tata Steel joins LeadIT to drive net-zero industry transformation

Tata Steel has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry, the company said on Wednesday.

Homegrown server maker Netweb Technologies to float IPO on July 17

The initial share sale of homegrown server maker Netweb Technologies India will open on July 17 for public subscription

Zoho, PwC India to help enterprises scale up digital transformation journey

Global technology company Zoho Corp said it has signed a strategic partnership with PwC India to help medium and large enterprises in the country accelerate their digital transformation journey

Apollo Hospitals launches dedicated arm for comprehensive childcare

The Apollo Hospitals group on Wednesday launched a dedicated pediatric arm to provide "comprehensive care" for children at its major facilities, as its chairman Prathap C Reddy expressed hope

Saya Group to invest Rs 100 cr to build 336 apartments in Noida Extension

Saya Group is developing nearly 9 lakh square feet built-up area in this project, with a total saleable area of 6.8 lakh square feet

Patanjali Foods' promoters plan to offload up to 9% stake through OFS

Share sale will help firm meet minimum public shareholding need

Zepto 'in talks' to raise funding, may become India's 1st unicorn this year

Quick-delivery firm said to be looking to raise $150 mn in a funding round that will value it at $1.3 bn

IT firm Axtria opens two offices in Pune with 1,000 seat capacity

Axtria's Pune offices will support the demand for data-driven analytics solutions and the adoption of AI technologies among life sciences businesses across the globe

Vedanta to enter semiconductor market this year after Foxconn split

Foxconn separately intends to apply for incentives under India's semiconductor production plan

Google's AI chatbot trained by 'overworked, underpaid, frustrated' humans

Chatbots like Bard use computer intelligence to respond almost instantly to a range of queries spanning all of human knowledge and creativity

Thomas Cook India's UAE subsidiary acquires 50% stake in 500 FT SPV

Travel services provider Thomas Cook India on Wednesday said its UAE subsidiary DEI Holdings Limited has acquired a 50 per cent stake in 500 FT SPV Limited.

Walt Disney Co weighs options for struggling TV business in India

Disney's plan to consider at least a partial pullout from its India TV business came after CEO Bob Iger expressed his disappointment with the company's performance in India