Page 22 - Company News

Fidelity Investments buys 2% stake in Lodha Developers for ₹1,864 crore

The transactions were executed in eight separate tranches on Thursday at an average price of Rs 937.85 apiece, taking the combined transaction value to Rs 1,864.56 crore

Overlooking India means missing the defining growth story: Rajan Mittal

Mittal believes that amid reshaping of the global order, India stands out as a rare bright spot of growth and stability

Apple supplier Tata Electronics tightens security after data breach

The response protocols were deployed immediately, and the incident has had no impact on our operations across businesses, which remain unaffected, the company said

Top 10 Indian firms' value jumps 3.5x in a decade; financials dominate

Reliance Industries has emerged as India's most valuable company over the past five years, while financial services firms continue to dominate the country's corporate rankings

Zydus, Sunshine Healthcare form JV for pharma manufacturing in Sri Lanka

The company has entered into a share subscription and shareholders' agreement (SSSHA) with Sunshine Healthcare Lanka Ltd (Sunshine) and Zydus Sunshine Lifesciences (Pvt) Ltd (Zydus Sunshine)

DRL gets 7 observations after USFDA inspection of Hyderabad biologics plant

USFDA completed a pre-license inspection of the Hyderabad facility and issued a Form 483 with seven observations, which the company said it will address within the stipulated timeline

Alembic Pharma gets USFDA nod for drug to treat influenza A and B in babies

The drug that has received the final approval from the US regulatory body is Oseltamivir Phosphate for Oral Suspension, 6 mg/mL

Vedanta unit accepts bids worth $1.75 bn for 3-tranche dollar debt: Bankers

The bonds will be guaranteed by the parent firm as well as subsidiaries Twin Star Holdings, Welter Trading and Vedanta Holdings Mauritius II

Delhi HC orders Meesho to take down products violating Jockey trademark

In an interim order passed on May 29, the Delhi HC also asked Meesho to disclose details of the sellers behind the listings

Lupin gets tentative US FDA approval for generic prostate cancer drug

The tentative approval allows Lupin to market the generic prostate cancer treatment in the US after patent and exclusivity barriers expire

Bajaj Auto's CNG bike dream runs low on fuel amid West Asia crisis

India's only CNG bike maker Bajaj Auto sees demand sputter as the petrol-CNG price gap narrows

Apple raises MacBook and iPads prices to counter memory shortages

Apple raises Mac and iPad prices globally as soaring memory and storage costs driven by AI data-centre demand squeeze margins and disrupt supply

Eli Lilly launches its first solid tumour RET-gene therapy in India

The US drugmaker has launched Tanstrive, a RET-targeted oral therapy for advanced or metastatic solid tumours, following marketing authorisation from the CDSCO

Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs

In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"

Tata Motors to begin isobutanol-blended diesel truck trials next quarter

Tata Motors to begin pilot trials of trucks running on 2% isobutanol-blended diesel next quarter as India explores alternative fuels to cut oil imports

Alibaba Group slides to 16-month low amid Anthropic's AI accusations

Alibaba shares hit a 16-month low after Anthropic accused it of illicit AI model access, deepening concerns over China's AI ambitions and slowing growth

Indriya-Aditya Birla Jewellery's golden run to top 3 begins with 81 stores

Aditya Birla Group's jewellery brand plans to expand its retail footprint to 200-250 stores while focusing on customer experience, assortment and brand building

Demand for life insurance to remain strong in FY27, says Keki Mistry

Chairman Keki Mistry says favourable demographics, rising financial awareness and regulatory reforms will support long-term growth in India's life insurance sector

Amazon investment in India hits $48 billion with $13 billion fresh bet

Announcement comes after CEO Jassy meets PM

Torrent acquires Nabha Power from L&T, completes ₹3,632 crore deal

Torrent Power has completed the ₹3,632-crore acquisition of Nabha Power from L&T, boosting its operational generation capacity to 6.4 GW