Page 2726 - Company News

Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr

Advent is a private equity fund

Astrazeneca gets nod to use ant-diabetes drug for kidney disease in India

The firm said it has received marketing authorisation to use its anti-diabetic drug dapagliflozin for the treatment of patients with chronic kidney disease

Skyroot, Bellatrix signs MoU to use latter's orbital transfer vehicle

In simple terms, an Orbital Transfer Vehicle is like a taxi in space that takes satellites to their operational orbits

Meat brand TenderCuts raises $15 mn from Paragon Partners, Nabard VC

TenderCuts claims it is the only branded company to offer fresh meat to consumers either at the store or at the doorstep, within two hours of the first cut

Alembic Pharma gets five observations from USFDA for Gujarat facility

Alembic Pharmaceuticals on Monday said the US health regulator has made five observations after inspection at its facility at Karkhadi, Gujarat

Siemens ties up with IISc, CMTI to set up digital transformation labs

Siemens on Monday said it has signed pacts with Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) to set up digital transformation labs

HCL Tech announces one-time special bonus worth Rs 650 cr for employees

Th company had crossed the $10 billion mark in calendar year 2020, delivering a year-on-year growth of 3.6%

Edelweiss Wealth Management to raise Rs 1,000 cr for equity-focused AIF

Edelweiss Wealth Management is targeting to raise Rs 1,000 crore from domestic investors for its maiden equity-focused alternate investment fund (AIF)

Blackstone in the final leg of talks to buy out Embassy Industrial Parks

Embassy has a long-standing partnership with Blackstone through their JV Embassy Office Parks, which has floated and listed a real estate investment trust (REIT)

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

Cement firms set to report volume growth despite price moderation

The domestic cement industry has seen an average utilisation of 65 per cent over the last 5 years, said industry experts

KKR-backed JB Chemicals scouts for acquisitions, plans to revamp business

With the former Cipla head at the helm, JB Chemicals now plans to diversify into paediatrics and respiratory

Tata Projects aims to close FY21 with a top line of Rs 12,000 crore

Himanshu Chaturvedi, chief strategy officer at Tata Projects, told Business Standard the firm was expected to close the financial year with an order book of Rs 55,000-60,000 crore

Virtual yoga to empathy: Amazon scales up remote work culture innovations

The pandemic has prompted the e-commerce giant to double down on building innovations focused on improving remote work culture especially employee wellbeing, both mental and physical

Godrej Properties expects Q4 FY21 to be 'blockbuster' in launches, sales

Godrej Properties will launch 12 housing projects during this quarter to expand business as it targets to clock record sales bookings this fiscal year

PhonePe retains top position with 42% UPI market share in January

In January, on a month-on-month (MoM) basis, PhonePe saw its transactions go up by a little over 7 per cent and their value nearly 5 per cent

INOXAP bags contract for setting up ASU unit at AM/NS India's Hazira plant

Inox Air Products (INOXAP) said that the installation of the fifth ASU at Hazira will give shape to India's largest single operator onsite industrial gas complex on a build-own-operate (BOO) basis,

AstraZeneca's Covid-19 vaccine shows less effect against S Africa variant

Company has started adapting vaccine against variant, shot may be ready by autumn this year

Adani completes purchase of 23.5% stake in Mumbai International Airport

The deal marks a culmination of Adani Group's two-year quest to acquire a stake and gain control of the Mumbai airport.

Sushil Kumar Gupta resigns as chairman, managing director of Asian Hotels

His resignation has been accepted by the board of directors of the company, the company said