Page 485 - Company News

Focus on next-gen therapeutics, AstraZeneca to restructure biopharma unit

Global portfolio includes over 20 novel therapies; development follows reports of layoffs affecting over 125 employees within the unit

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

Magicpin's top management delivers food on bikes on New Year's Eve

The company recently forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr

After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97%

ITD Cementation bags Rs 1,648 cr contract for construction at Vadhvan Port

Renew Exim DMCC, Adani Group's Dubai-based entity in October had entered into an agreement to acquire a 46.64 per cent stake in ITD Cementation in October 2024

CCI allows IFC, ADB, DEC to acquire stake in Fourth Partner Energy

Fourth Partner Energy Ltd (FEPL) is India's leading renewable energy company focusing on building and financing renewable energy projects

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

NDR said that these 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector

As NPCI lifts limits, WhatsApp Pay can now extend UPI services to all users

With this development, WhatsApp Pay can now extend UPI services to its entire user base in India

Thomas Cook hit by cyberattack, temporarily shuts down affected IT systems

Thomas Cook India's operations were disrupted by a cyberattack that impacted its IT systems, prompting the company to shut down the affected infrastructure, it said in an exchange filing on Tuesday

BSNL unions oppose second VRS, cite policy flaws, management inefficiency

The criticism follows reports that BSNL's board of directors plans to reduce its workforce by 35 per cent through another round of Voluntary Retirement Scheme

Reliance spent $13 bn on acquisitions across sectors in five years

Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem

DMRC, NCRTC get record ridership, give driving training to women in 2024

Metro achieved a major construction milestone in Phase 4 with the completion of an 865-metre underground tunnel between Chhatarpur and Chhatarpur Mandir Station

HUL streamlines supply chain to kirana stores, lowers credit limit barriers

FMCG major HUL is enhancing its distribution model by directly supplying kirana stores, aiming to cut delivery times and ease credit constraints, thereby improving service and supply efficiency

Production from Meenakshi coal mine likely to begin in 2028, says Hindalco

The coal mine is a fully explored block with a peak rated capacity of 12 million tonnes per annum and 285.23 million tonnes of geological reserves

Will talk to Boeing to restart 737 Max deliveries: SpiceJet CMD Ajay Singh

Boeing delivered about 13 aircraft before halting deliveries as the airline began facing financial difficulties

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

By selling its stake to Wilmar, Adani Enterprises - the flagship company of the Adani group -- will raise Rs 13,301 crore

Adani Green Energy's CEO Amit Singh to step down for new role in group

He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group's international energy business

SpiceJet shareholders discuss funding and expansion plans during AGM

At the 40th Annual General Meeting (AGM), members also transacted various businesses, including adoption of audited financial statements for the financial year ended March 31, 2024

Lupin acquires Huminsulin from Lilly to strengthen diabetes portfolio

The Huminsulin range is vital for managing both type 1 and type 2 diabetes, helping control blood sugar levels in adults and children

Nvidia corp completes acquisition of Israeli software startup Run:ai

The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival