Page 26 - Company News
Eli Lilly banks on tirzepatide's clinical edge as GLP-1 generics loom
Lilly positions tirzepatide as a clinically superior option as semaglutide patent expiry triggers a wave of generics, intensifying competition in India's diabetes and obesity market
 "Eli Lilly banks on tirzepatide's clinical edge as GLP-1 generics loom")
Gas-based power plants increasingly becoming impractical: NTPC chief
NTPC Chairman Gurdeep Singh flags viability concerns for gas-based power plants amid fuel supply uncertainties and stresses need for flexible generation solutions
 "Gas-based power plants increasingly becoming impractical: NTPC chief")
Aditya Khaitan steps down from Kilburn Engineering board amid changes
Aditya Khaitan steps down as non-executive director of Kilburn Engineering, citing other commitments amid board-level changes within the promoter group
 "Aditya Khaitan steps down from Kilburn Engineering board amid changes")
Coal India ramps up measures to ensure coal supply to all segments
Coal India steps up supply measures with increased e-auctions and robust stock levels to ensure uninterrupted coal availability amid disruptions from West Asia crisis
 "Coal India ramps up measures to ensure coal supply to all segments")
Fintech firm MobiKwik to double down on payment devices business
MobiKwik plans to scale soundbox and EDC deployment, targeting 10% revenue contribution as it expands offline merchant acquiring beyond Tier I cities
 "Fintech firm MobiKwik to double down on payment devices business")
Nestle India to add Munch production line at Sanand plant with ₹225 crore
Nestle India will invest ₹225 crore to add a new Munch production line at its Sanand facility, boosting capacity to meet rising demand for confectionery products
 "Nestle India to add Munch production line at Sanand plant with ₹225 crore")
NTPC, UK's Octopus Energy sign pact to explore power sector opportunities
Homegrown power giant NTPC has signed an agreement with UK-based Octopus Energy Group to explore business opportunities in various segments, including electricity distribution and storage.
 "NTPC, UK's Octopus Energy sign pact to explore power sector opportunities")
Corporate governance experts seek clarity on Chakraborty's HDFC Bank exit
Experts call for an independent directors' committee to probe circumstances behind Chakraborty's exit, citing ambiguity in resignation letter and investor concerns
 "Corporate governance experts seek clarity on Chakraborty's HDFC Bank exit")
Wipro launches GIFT City Hub to provide services to global BFSI clients
The new facility will initially seat 150 employees, with the flexibility to scale up to 500 seats based on client demand, the company said in a statement on Thursday
 "Wipro launches GIFT City Hub to provide services to global BFSI clients")
Marrakech landmark La Mamounia turns its attention to the Indian traveller
Century-old property headed by the hotelier who helped reposition The Imperial New Delhi
 "Marrakech landmark La Mamounia turns its attention to the Indian traveller")
HDFC Bank 'a strong institution with strong fundamentals': FinMin official
Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard
 "HDFC Bank 'a strong institution with strong fundamentals': FinMin official")
Mahindra Lifespace aims ₹3,000 cr revenue from new Mumbai housing project
Spanning 25.47 acres, the project is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination
 "Mahindra Lifespace aims ₹3,000 cr revenue from new Mumbai housing project")
BharatPe appoints Himanshu Verma as head of its POS business unit
He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem
 "BharatPe appoints Himanshu Verma as head of its POS business unit")
HMSI to invest ₹1,500 crore on new production line at Tapukara plant
It will also generate employment opportunities for over 2,000 people, further contributing to development of the region
 "HMSI to invest ₹1,500 crore on new production line at Tapukara plant")
UK confers Knighthood insignia on Tata Group Chairman Chandrasekaran
Lindy Cameron, British High Commissioner to India, described Chandrasekaran as 'an amazing friend of the UK and an iconic figure in India's corporate world'
 "UK confers Knighthood insignia on Tata Group Chairman Chandrasekaran")
RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud
CBI has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to Reliance Communications by the bank
 "RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud")
HDFC Bank's interim chairman rules out 'material issues' at lender
Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership
 "HDFC Bank's interim chairman rules out 'material issues' at lender")
No material concerns on HDFC Bank's governance and conduct, says RBI
Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months
 "No material concerns on HDFC Bank's governance and conduct, says RBI")
'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit
Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure
 "'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit")
Prudential may exit life insurance joint venture with ICICI Bank
In talks with BhartiAxa for possible stake buy
 "Prudential may exit life insurance joint venture with ICICI Bank")