Page 401 - Company News

Vodafone Idea misses Rs 6,090 cr bank guarantee deadline for spectrum dues

Vodafone Idea failed to meet the March 10 deadline to clear its 2015 spectrum dues, risking government action, while also facing a Rs 16.73 crore GST demand notice from tax authorities

Progcap offers collateral-free loans of Rs 10 lakh to women-led MSMEs

The fintech, which is backed by Peak XV (previously Sequoia Capital India), Google and Tiger Capital, among others, seeks to empower 10,000 women-led MSMEs by FY27

Amazon partners with Youth4Jobs to empower women sellers with disabilities

Under the partnership, Amazon Saheli programme will conduct workshops and provide onboarding and account management support for these women sellers

Sebi issues warning to IIFL Capital over merchant banking due diligence

The Sebi warning pertains to issues related expenses and fee timelines in its debt offerings between April 2022 and April 2024

Despite near-term challenges, brokerages remain positive on Sun Pharma

The recent trigger for the stock is the acquisition of US-based Checkpoint Therapeutics

Syngene acquires first US biologics site for $36.5 mn to expand capacity

The facility, which the contract research firm said is strategically located near key biotech hubs in the Northeast US, is expected to be operational for client projects from the second half of 2025

goSTOPS raises Rs 35 crore in Series A funding led by Blume Ventures

With this fresh equity infusion, goSTOPS, founded in 2014, aims to increase its capacity from 2,500 to 10,000 beds across 100 locations over the next 24 months

IndusInd Bank's net worth to take 2.35% hit over account discrepancies

The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024

Mukesh Ambani's empire faces turbulence as US trade tariff risks mount

The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India's massive tariffs

The Executive Centre to expand co-working space by 2.38 lakh sq ft in March

The company which competes with WeWork, Regus and others like Awfis, has 15 lakh sq ft co-working space across the country. It aims to double its entire portfolio by 2027

Shipbuilding, signalling next growth engines: Titagarh Rail Systems

FM Sitharaman - in Union Budget speech - unveiled a slew of measures to open Indian maritime economy, including ₹25,000-crore maritime development fund, tax breaks, and new shipbuilding subsidy policy

Mahindra Agri Solutions eyes new global markets for Indian grapes

The company collaborates with over 500 farmers in Nashik, Baramati, and Sangli (Maharashtra), equipping them with farming techniques that enhance exportable yields

Godrej Consumer Products Tamil Nadu FMCG unit eyeing US, LatAm markets

The plant officially started operations with the ceremonial activation of the production line by Chief Minister M K Stalin, who marked the occasion by turning on the first production run

Syngene International acquires its first biologics unit in US for $36.5 mn

The facility, equipped with multiple monoclonal antibody (mAbs) manufacturing lines, comes for a deal value of $36.5 million

Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme

The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval

CleanMax, Osaka Gas form joint venture for India's green transition

The newly formed entity, CleanMax Osaka Gas Renewable Energy (CORE), will focus on wind-solar hybrid solutions, starting with a 400-megawatt (MW) portfolio in Karnataka

ChatGPT using our content may lead to unfair competition: ANI to HC

Addressing the legal implications of public accessibility, Advocate Ramanujan argued that the mere availability of content in the public domain did not nullify copyright protections

Sun Pharma to acquire US based onco-derma firm Checkpoint for $355 mn

Sun Pharma plans to leverage its global presence to accelerate patient access to this crucial treatment

Aveo Pharma suspects misuse of painkiller Tafrodol in importing countries

The company also clarified that the "stop production" order of Feb 24 was due to compliance issues under the Schedule M of the Drugs and Cosmetics Rules, 1945, and not due to the combination product

NCLAT upholds NCLT's approval for delisting of ICICI Securities

Shareholders of ISec will receive 67 shares of ICICI Bank for every 100 shares held. Shares of ISec last closed at ₹795, while that of ICICI Bank ended at ₹1,215