Page 47 - Company News

M&M, Manulife name Suresh Agarwal MD & CEO designate of life insurance JV

M&M and Manulife have appointed Suresh Agarwal as MD & CEO designate of their 50:50 life insurance JV, marking Manulife's entry into India's life insurance sector, subject to approvals

Radisson, MBD Group to launch 50 hotels under Collection and Red brands

Radisson Hotel Group and MBD Group have entered a long-term partnership to develop 50 hotels under Radisson Collection and Radisson Red across key Indian destinations over the next decade

Torrent Group forays into diagnostics with large national reference lab

Torrent Group has entered the diagnostics sector with a 100,000 sq ft national reference lab in Navi Mumbai, marking a long-term push into high-end, specialised testing amid industry consolidation

Olectra Greentech bags LoI for 1,085 e-buses under PM E-drive scheme

The LoI - a preliminary document indicating the buyer's intention to place a formal order - has been issued by TGSRTC through Evey Trans Private Limited under the PM E-drive programme

Investment firm Hillhouse to acquire minority stake in Quest Global

Hillhouse has acquired a minority stake in Quest Global, with a primary capital infusion and share purchase from existing investors to support the firm's engineering-focused growth strategy

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion

This is Gilead's biggest deal since its $21 billion buyout of Immunomedics, giving it access to Trodelvy, an antibody-drug conjugate used to treat a type of advanced breast cancer

Nexus Select Trust buys 50% stake in Runwal Enterprises mall for ₹434 cr

In a regulatory filing on Monday, Nexus Select Trust, a REIT sponsored by Blackstone, said it has entered into a tie-up for an under-construction development

Bharti Airtel plans to invest ₹20,000 crore to expand digital lending

Telecom major Bharti Airtel said on Monday it plans to inject ₹20,000 crore ($2.2 billion) into its financial arm over the next few years, marking a major push into digital lending

Morepen Labs wins ₹825 crore long-term CDMO deal with global drugmaker

Morepen Labs has secured a ₹825 crore multi-year CDMO mandate from a global pharma major, with supplies set to begin in 4-5 months and execution running through Q1 FY27

US insurance major The Hartford opens global tech centre in Hyderabad

The centre is expected to scale to a headcount of nearly 1,200 over the next few years

IDFC First calls Chandigarh fraud 'isolated' incident, says impact limited

IDFC First Bank says the Rs 590 crore fraud at its Chandigarh branch was an isolated case, suspends staff, appoints KPMG for forensic audit, and asserts it has adequate buffers to absorb the impact

Bombay HC quashes stay order on fraud proceedings against Anil Ambani

Ambani's counsels sought the HC to stay its order so that they could approach the Supreme Court, but the request was declined

Godrej Properties inks pact to develop land parcel in Thane, eyes ₹7.5k cr

In a regulatory filing, the company informed that it has 'entered into a joint development agreement to develop an 18-acre land parcel in Thane, Mumbai

IDFC First Bank flags ₹590 cr fraud in govt accounts: What we know so far

IDFC First Bank reported a suspected ₹590 crore fraud in Haryana government accounts, linked to staff at its Chandigarh branch; four employees suspended and KPMG to probe fraud

Morepen Labs wins ₹825 crore manufacturing contract from global drugmaker

Morepen Laboratories said supplies under the contract are expected to begin within the next four to five months, while execution is scheduled through the first quarter of the financial year 2026-27

TVS Mobility, Palfinger to jointly set up ₹350 crore manufacturing plant

Austrian lifting solutions major Palfinger partners with TVS Mobility Group, investing €30 million to build a Pune plant and engineering hub, boosting localisation, exports and service reach in India

Hospitals becoming insurers could ease health care costs: Devi Shetty

Narayana Health's Devi Prasad Shetty says hospitals launching insurance arms could reduce friction with insurers, improve affordability and expand healthcare access in the coming years

AI to be force multiplier for HCLTech, can boost productivity: Roshni Nadar

HCLTech chairperson Roshni Nadar Malhotra says AI will enhance per-employee productivity and transform entry-level roles, as the firm expands into new areas including semiconductor packaging

Apple ecosystem in India creates more than 250,000 new direct jobs

70% of workers women; indirect employment pegged at 750,000

Lodha Developers signs ₹365 crore joint development deal in Mumbai

Lodha Developers has signed a Rs 364.80 crore joint development agreement with Sahana group to develop multiple land parcels in Mumbai's Parel-Sewree division