Page 2136 - Company News

Biocon Biologics acquires Viatris' biosimilars business in $3.3 bn deal

BBL will also obtain Viatris' rights in all biosimilars assets, including its in-licensed portfolio and an option to acquire Viatris' rights in bAflibercept

ABG Shipyard's debt conversion in bankruptcy case adhered to rules: Banks

The CBI, which examined top executives of ICICI Bank last week, is expected to call officials of some public sector banks in the coming week

Tata Motors bucks chip crisis, cements its No. 1 position in SUV market

It had first grabbed the pole position in the SUV segment in October 2021 after the launch of the Punch, a sub-compact SUV offering

Aurobindo, Sun Pharma recall products in US market for defaulting norms

Leading homegrown drug makers Aurobindo Pharma and Sun Pharmaceutical Industries are recalling different products in the US market due to deviation from standard manufacturing norms.

Aluminium business of Vedanta to bring two mines into operation

Vedanta's aluminium business, which has not been impacted majorly by COVID-19, would focus on backward integration in the next fiscal and would bring into production two of its mines in Odisha to provide raw material security for its plants, a top official of the company said.

Kalyan Jewellers to accelerate expansion through franchise model in H1 FY23

Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion, according to a top company executive.

Hero MotoCorp expects 2-wheeler industry to make strong comeback in FY23

Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.

DMRC hires top consulting co for integration of metro services, e-commerce

The Delhi Metro has set the ball rolling on a visionary project that seeks to integrate its regular services with e-commerce, with the DMRC hiring a top consulting firm to work on the plan

After a decade, DLF gears up to re-enter Chennai's residential space

Realtor lines up plotted development in OMR, premium high-rise in Central Chennai and another project in Sriperumbudur

Union Bank of India plans to raise Rs 1,500 crore through AT1 bond

The bank had capital adequacy ratio of 13.92 per cent with tier I of 11.75 per cent at end of December 2021

HMT Machine Tools Ajmer develops local machine for railway axle grinding

HMT Machine Tools Ajmer has developed a highly-productive grinding machine for railway axles which would cost less than half of similar imported equipment, the company said

Future Retail suspends supermarket operations as Reliance plans takeover

Future Retail Ltd suspended most of its online and offline operations as stores remained shut on Sunday, after rival Reliance bid to take over its flagship supermarkets

IOC to ramp up LPG output in Northeast by 53% to 80 mn cylinders by 2030

PSU major Indian Oil Corp is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030

NPCI focuses on new customers as it aims to expand RuPay credit card base

NPCI is focusing on gaining new customers to expand the indigenous RuPay-enabled credit card base, as the retail payments umbrella body is still a new entrant in this space, a top official said.

Larsen and Toubro spends Rs 150 crore on CSR activities in FY21

Engineering conglomerate Larsen and Toubro (L&T) spent Rs 150 crore in FY'21 on corporate social responsibility activities, impacting 1.21 million beneficiaries.

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

MBDA to display world-beating missiles at Defexpo 2022

The IAF has repeatedly returned to MBDA for both its air-to-air and air-to-ground missile requirements

Scaling down ops to cut losses, says FRL as Reliance takes over its stores

Future Retail on Saturday said long-stop date for deal with Reliance has been extended to September 30, 2022

VIL realigns consumer digital function to drive scale, pace of delivery

Telecom operator Vodafone Idea is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery

Reliance to take over 200 Future stores' operations amid Amazon row: Report

The takeover of stores by Reliance signals Future's worsening financial situation as its retail assets sale remains blocked due to legal battles