Page 40 - Company News

IRB Infrastructure Trust wins NHAI's TOT-18 highway concession in Odisha

IRB Infrastructure Trust will pay Rs 3,087 crore upfront for a 20-year revenue-linked toll-operate-transfer project on NH-16, expanding the group's highway footprint to 13 states

L&T wins BPCL order worth up to ₹10,000 crore for hydrocarbon business

L&T has bagged a BPCL contract for hydrocarbon onshore work, including EPC of a large polyethylene unit under the Bina refinery and petrochemicals expansion

Bharat Biotech inks tech transfer pact with Biofabri for MTBVAC TB vaccine

Bharat Biotech has signed a technology transfer agreement with Spain's Biofabri to enable end-to-end manufacturing of MTBVAC, with a Phase 3 study in India expected to start recruitment in Q1 2026

Nikhil Kamath, Kishore Biyani launch startup venture platform The Foundery

Zerodha co-founder Nikhil Kamath and Future Group founder Kishore Biyani have launched The Foundery, a 90-day co-building programme offering seed funding of up to ₹4 crore

'Abuse' of market dominance: CCI seeks info from aviation major IndiGo

Competition Commission has sought details from IndiGo after a consumer complaint alleged exploitative pricing following flight disruptions; CCI may examine Section 4 issues

Cipla rolls out Afrezza inhaled insulin in India after CDSCO approval

Cipla has launched Afrezza, an inhaled rapid-acting insulin for adults with diabetes, after CDSCO approval, and plans an awareness drive on insulin adherence

Emcure targets pan-India obesity market with Poviztra semaglutide

As GLP-1 competition heats up, Emcure is pricing semaglutide brand Poviztra at ₹8,790 a month and targeting demand beyond metros with deeper distribution in smaller cities

Ambuja Cements approves merger of ACC and Orient Cement into parent entity

Ambuja Cements' board approved schemes to merge ACC and Orient Cement into Ambuja, setting share-swap ratios and targeting completion within 12 months to drive efficiencies and simplify structure

Paytm to enter Indonesia and Luxembourg; brings Alabbar SPV into UAE unit

Paytm is setting up wholly owned subsidiaries in Indonesia and Luxembourg and is restructuring its UAE unit by bringing in an SPV of Emaar founder Mohamed Alabbar as a 49% shareholder

American banking giant JP Morgan to set up Asia's largest GCC in India

US banker's move puts the country on top of the global GCC map

MUFG Bank not keen on raising Shriram Finance stake beyond proposed 20%

MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal

Shriram Finance shares touch all-time high after MUFG capital infusion

Shriram Finance shares rose to a record high after brokerages said MUFG Bank's proposed investment would sharply lift net worth, capital adequacy and support faster growth

1Point1 Solutions inks $33.37 mn deal to acquire Netcom contact centre firm

The total transaction value for the acquisition of 100 per cent ownership is $33.37 million, comprising an upfront payment of $25.41 million and an estimated earn-ouat of $8.25 million

Motilal Oswal Alternates invests $72 million in Sensa Core, minority stake

Founded in 2006, Sensa Core operates in the design, development, manufacturing and distribution of specialised in-vitro diagnostic (IVD) devices

Practo eyes $1 billion GMV as US push adds $250-300 mn ahead of IPO

Digital healthcare platform Practo is targeting a $1 billion annualised GMV run-rate by June 2026, with US operations expected to add $250-300 million as it gears up for an IPO by end-2026

Shapoorji Pallonji enters plotted development with ₹600 cr project in Pune

Shapoorji Pallonji Real Estate has launched Treetopia, a 105-acre plotted development in Pune with 483 residential plots and an estimated revenue potential of Rs 600 crore

PlasmaGen Biosciences bags ₹150 cr to scale int'l plasma therapeutics

Bengaluru-based PlasmaGen Biosciences raised ₹150 cr in a minority equity round led by ViNS Bioproducts at a valuation of over ₹1,500 cr to scale international operations

Granules India gets approval from USFDA for generic ADHD medication

The medication is indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and has an estimated market size of around $172 million according to IQVIA (IMS Health)

Air India flight returns to Delhi after engine shuts down mid-air

Air India flight Al 887, which took off at 6.10 am, made an emergency landing at the Delhi airport around 6.52 am

Foxconn's iPhone factory near Bengaluru hires 30,000 in under a year

Apple supplier Foxconn's Bengaluru iPhone unit has added 30,000 jobs in months, mostly women aged 19-24, as iPhone production and exports from India scale up rapidly