Page 262 - Company News

Novo Nordisk launches Wegovy in India to rival Eli Lilly's weight-loss drug

Wegovy enters the Indian market as the first GLP-1 drug approved for both weight loss and cardiovascular risk reduction, competing with Eli Lilly's Mounjaro

Utopia secures $1.5 mn from Whale Tank to develop obesity vaccine

Hyderabad-based biotech Utopia Therapeutics raises seed funding from Whale Tank to accelerate preclinical work on its novel immunotherapy vaccine targeting obesity

No impact on CV exports due to the West Asia tensions: Ashok Leyland

Ashok Leyland says CV exports remain unaffected by West Asia tensions and aims to raise market share in northern India to 30 per cent in two to three years

Biocon's ₹4,500 crore equity raise to reduce debt by FY26, says S&P

S&P says Biocon will bring down adjusted debt to Rs 20,000 crore by FY26 through equity issuance, with strong cash flows aiding deleveraging and future capex needs

Hindalco Industries to acquire US-based AluChem for $125 million

Hindalco to acquire 100% equity in US-based specialty alumina maker AluChem for $125 million through Aditya Holdings LLC, aiming to double global alumina capacity by FY30

Walmart reaffirms commitment to hike India sourcing to $10bn by 2027

Walmart CEO Doug McMillon says the firm's sourcing from India is expanding beyond limited categories as it doubles down on MSME empowerment and digital growth

Adani Group to invest $100 bn, targets 100 GW total power capacity by 2030

Adani Green, the group's renewable company, aims to achieve 50 GW (gigawatt) of capacity and thermal power producer Adani Power 31 GW

HCLTech, AMD launch innovation labs, training to fast-track enterprise AI

HCLTech and AMD partner to build innovation labs and enterprise training modules that combine AMD chips with HCLTech's expertise in digital transformation and AI

Adani Group raises $1 billion to refinance debt for Mumbai airport

Mumbai International Airport Ltd (MIAL), a unit which operates India's second largest airport, will use the proceeds to refinance debt raised in 2022, it said in a statement

Amazon India extends Prime Day to 3 days as it pushes into smaller cities

Amazon India expands Prime Day 2025 to three days, boosts logistics and delivery to deepen Prime adoption in smaller cities and tap rising quick-commerce demand

Tata Motors says no 'panic button' pressed yet on rare-earth magnet curbs

Tata Motors says production remains unaffected by China's rare-earth export curbs; JLR to raise prices to manage US tariffs as alternate sources and technologies are explored

Vedanta Resources secures $600 mn loan to refinance private credit facility

The first tranche of $380 million has been committed, with the remaining $220 million expected to be finalised shortly with other participating banks

HAL to deliver six Tejas jets to IAF by March amid engine supply delays

Sunil said the GE engines will be used in the Tejas Light Combat Aircraft Mark 2 variant and the initial prototypes of fifth-generation Advanced Medium Combat Aircraft (AMCA)

Emmvee bags ₹1,500 cr order from KPI Green Energy for solar module supply

Modules will be manufactured at Emmvee's facilities in Dabaspet and Sulibele, Karnataka, and deployed for an upcoming solar project in Gujarat, a company statement said

Working with suppliers to reach $10 bn sourcing from India: Walmart CEO

Last year, Walmart said it had sourced goods worth over $30 billion from the Indian market in the last two decades for its global operations

Centre mulls relief for Vodafone Idea as threat of insolvency looms

The government is considering extending the repayment period for AGR dues from the current six years to 20 years, while also shifting from compound to simple interest on the outstanding amount

Ashok Leyland sees single-digit growth in medium, heavy vehicle segment

Industry growth is expected to be driven by the government investment in infrastructure and tailwinds such as the good performance of core industries, Sanjeev Kumar, President - M&HCV said

TVS Emerald secures new land parcel in Bengaluru; eyes ₹700 crore revenue

TVS Emerald expands Bengaluru footprint with a 7.18-acre acquisition in Rayasandra, aiming to develop a premium residential project with ₹700 crore revenue potential

Infosys accuses Cognizant of poaching key talent to sabotage Helix platform

Infosys has named two top Cognizant executives in a US court filing, alleging poaching of staff tied to its Helix platform and reigniting a long-running legal dispute over trade secrets

Air India CEO Wilson received a raise days before Ahmedabad plane crash

Wilson's new salary stood at ₹27.75 crore as compared to the ₹18.98 crore he earned in 2023-24, marking a 46 per cent jump. He took charge as Air India's CEO in July 2022