Page 14 - Company News

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion

This is Gilead's biggest deal since its $21 billion buyout of Immunomedics, giving it access to Trodelvy, an antibody-drug conjugate used to treat a type of advanced breast cancer

Nexus Select Trust buys 50% stake in Runwal Enterprises mall for ₹434 cr

In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by Blackstone, said it has entered into a tie-up for an under-construction development

Bharti Airtel plans to invest ₹20,000 crore to expand digital lending

Telecom major Bharti Airtel said on Monday it plans to inject ₹20,000 crore ($2.2 billion) into its financial arm over the next few years, marking a major push into digital lending

Morepen Labs wins ₹825 crore long-term CDMO deal with global drugmaker

Morepen Labs has secured a ₹825 crore multi-year CDMO mandate from a global pharma major, with supplies set to begin in 4-5 months and execution running through Q1 FY27

US insurance major The Hartford opens global tech centre in Hyderabad

The centre is expected to scale to a headcount of nearly 1,200 over the next few years

IDFC First calls Chandigarh fraud 'isolated' incident, says impact limited

IDFC First Bank says the Rs 590 crore fraud at its Chandigarh branch was an isolated case, suspends staff, appoints KPMG for forensic audit, and asserts it has adequate buffers to absorb the impact

Bombay HC quashes stay order on fraud proceedings against Anil Ambani

Ambani's counsels sought the HC to stay its order so that they could approach the Supreme Court, but the request was declined

Godrej Properties inks pact to develop land parcel in Thane, eyes ₹7.5k cr

In a regulatory filing, the company informed that it has 'entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai

IDFC First Bank flags ₹590 cr fraud in govt accounts: What we know so far

IDFC First Bank reported a suspected ₹590 crore fraud in Haryana government accounts, linked to staff at its Chandigarh branch; four employees suspended and KPMG to probe fraud

Morepen Labs wins ₹825 crore manufacturing contract from global drugmaker

Morepen Laboratories said supplies under the contract are expected to begin within the next four to five months, while execution is scheduled through the first quarter of the financial year 2026-27

TVS Mobility, Palfinger to jointly set up ₹350 crore manufacturing plant

Austrian lifting solutions major Palfinger partners with TVS Mobility Group, investing €30 million to build a Pune plant and engineering hub, boosting localisation, exports and service reach in India

Hospitals becoming insurers could ease health care costs: Devi Shetty

Narayana Health's Devi Prasad Shetty says hospitals launching insurance arms could reduce friction with insurers, improve affordability and expand healthcare access in the coming years

AI to be force multiplier for HCLTech, can boost productivity: Roshni Nadar

HCLTech chairperson Roshni Nadar Malhotra says AI will enhance per-employee productivity and transform entry-level roles, as the firm expands into new areas including semiconductor packaging

Apple ecosystem in India creates more than 250,000 new direct jobs

70% of workers women; indirect employment pegged at 750,000

Lodha Developers signs ₹365 crore joint development deal in Mumbai

Lodha Developers has signed a Rs 364.80 crore joint development agreement with Sahana group to develop multiple land parcels in Mumbai's Parel-Sewree division

Agentic commerce must be transparent and accountable, says InMobi CEO

InMobi Group CEO Naveen Tewari says agentic commerce can reshape buying behaviour, supply chains and commerce journeys, but warns these AI-driven systems must stay transparent and accountable

Skoda India considering EV, CNG options as Kylaq broadens buyer base

Skoda India is focusing on cleaner fuel options, including CNG and EVs, while compact SUV Kylaq drives volumes, expands first-time buyers and strengthens the brand in India's competitive market

Two-wheeler industry to grow 8-9% CAGR in long term: TVS Motor CEO

The first half of the next year is also expected to be "very good" in terms of sales growth, as the benefits of the GST rate cut will continue to come into the industry

Pernod Ricard sees strong growth momentum in H2, rules out India IPO

The company, which follows a July-to-June fiscal year, has achieved this growth despite a challenging first quarter, which was 'severely impacted' by a very strong tax increase in Maharashtra

Expect Pen-G production capacity to touch 10k MT in 12 months: Aurobindo

The drug maker also lauded the central government for giving one year relaxation on minimum import price for Pen-G, 6 APA and Amoxicillin