Page 259 - Company News
Aurobindo Pharma recalls over 4,600 bottles of painkiller in US market
The drug, Acetaminophen Tablets (325 mg), is being recalled due to manufacturing deviations from Current Good Manufacturing Practices, following complaints of brown tablet discolouration
 "Aurobindo Pharma recalls over 4,600 bottles of painkiller in US market")
PhysicsWallah, CSC Academy to set up digital university for rural learners
The programmes will be delivered through PhysicsWallah online, offline and hybrid modes as well as Common Service Centres as learning hubs
 "PhysicsWallah, CSC Academy to set up digital university for rural learners")
Tata Sons, Trusts to set up a new Trust for long term care of AI victims
Chairman N Chandrasekaran told Tata Sons' board that a dedicated trust will be created with Tata Trusts to provide long-term support to victims' families
 "Tata Sons, Trusts to set up a new Trust for long term care of AI victims")
Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr
The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an OFS of 5.84 crore equity shares by the selling shareholders
 "Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr")
DHL Express announces opening of ₹ 34 cr service centre in Bengaluru
The service centre, within the Kempegowda International Airport, is equipped with advanced material handling systems designed to enable faster and more efficient shipment processing
 "DHL Express announces opening of ₹ 34 cr service centre in Bengaluru")
JioBlackRock Broking gets Sebi's approval to launch brokerage business
The broking entity's parent company, JioBlackRock Investment Advisers, is a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and BlackRock Inc of the US
 "JioBlackRock Broking gets Sebi's approval to launch brokerage business")
Singapore healthcare firm Rollins ends investment deal with EaseMyTrip
Online travel agency was to acquire a 30% stake in healthcare company for medical tourism foray
 "Singapore healthcare firm Rollins ends investment deal with EaseMyTrip")
Sobha to invest Rs 800 cr on new luxury housing project in Greater Noida
The Bengaluru-based company has got all regulatory approvals to launch its project 'SOBHA Aurum' in Greater Noida, comprising 420 apartments
 "Sobha to invest Rs 800 cr on new luxury housing project in Greater Noida")
Hay found in aircraft wing delays Bangkok-bound Air India flight by 5 hours
Due to the crew reaching their regulatory duty time limits, a fresh set of personnel had to be arranged before the flight could depart, further delaying takeoff
 "Hay found in aircraft wing delays Bangkok-bound Air India flight by 5 hours")
Amitabh Kant joins Fairfax as senior advisor after G20 Sherpa role
Amitabh Kant was India's G20 Sherpa for the 2023 Summit that took place in New Delhi. In the run-up to the summit, Kant worked towards building international consensus on key issues
 "Amitabh Kant joins Fairfax as senior advisor after G20 Sherpa role")
Ashok Leyland secures order for 200 trucks from Instant Transport
Ashok Leyland will supply 200 trucks to Instant Transport Solution as part of a strategic deal that reinforces its leadership in India's commercial vehicle segment
 "Ashok Leyland secures order for 200 trucks from Instant Transport")
Raphe mPhibr raises $100 million in landmark defence drone funding round
The defence tech firm plans to ramp up domestic drone production after securing the sector's largest private funding round; its drones were recently used in Operation Sindoor
 "Raphe mPhibr raises $100 million in landmark defence drone funding round")
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
The real estate arm of the Mahindra Group will lead redevelopment of a premium housing society in Mulund West, with proximity to Metro Line 5 and key road links
 "Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore")
Amazon adds five fulfillment centres in India ahead of Prime Day
With Prime Day 2025 set for 12-14 July, Amazon expands logistics with new fulfilment centres; Flipkart launches seller success programme for new entrepreneurs
 "Amazon adds five fulfillment centres in India ahead of Prime Day")
Nykaa seeks four-fold growth in fashion business, ebitda-breakeven by FY26
FSN E-Commerce Ventures expects strong margin gains and repeat business to help Nykaa Fashion achieve profitability, while brand GMV target for FY30 is set at Rs 6,000 crore
 "Nykaa seeks four-fold growth in fashion business, ebitda-breakeven by FY26")
Crisis is the new normal: Nestle India's outgoing CMD to successor
FMCG market stabilising now, Narayanan tells shareholders during company's AGM
 "Crisis is the new normal: Nestle India's outgoing CMD to successor")
Tesla executive Omead Afshar, Elon Musk confidant, leaves company: Report
Afshar, who was part of the CEO's office at Tesla, had started overseeing sales and manufacturing operations in Europe and North America last year
 "Tesla executive Omead Afshar, Elon Musk confidant, leaves company: Report")
PB Fintech sells over 1% stake for ₹920 cr via open market transactions
PB Fintech's chief executive Dahiya and Vice Chairman Bansal sold a total of 50.50 lakh shares or 1.09 per cent stake in the company
 "PB Fintech sells over 1% stake for ₹920 cr via open market transactions")
New India Assurance gets ₹2,298 cr GST demand notice for 5 financial years
The company has received a show cause notice dated June 26, 2025, from the office of Additional Commissioner
 "New India Assurance gets ₹2,298 cr GST demand notice for 5 financial years")
Tata Power applies to expand electricity distribution in Maharashtra
The company has filed for a license across key growth regions, including parts of Mumbai, Pune, Sambhaji Nagar and Nashik, they added
 "Tata Power applies to expand electricity distribution in Maharashtra")