Page 72 - Company News

Swiggy shareholders approve raising up to ₹10,000 crore via QIP route

Swiggy shareholders have cleared a plan to raise up to ₹10,000 crore via QIP as the company ramps up its quick-commerce push amid intensifying competition and rising capital deployments

L&T begins realty consolidation, to move Realty BU to L&T Realty arm

L&T has approved transferring its Realty BU to wholly owned L&T Realty through a slump sale under a scheme, kicking off a phased consolidation of all real estate assets under one entity

Price cuts drove market gains in November for Novo Nordisk's Wegovy

Novo Nordisk cut Wegovy prices in mid-November, driving a 70% consumption jump and higher market share. Pharmarack data show Lilly's Mounjaro still dominates sales

Tata Electronics, Intel sign MoU to explore chip making, packaging in India

Tata Electronics and Intel have signed an MoU to explore making Intel products at the Dholera fab and packaging chips at the Guwahati OSAT facility for the India market

Cairn Oil & Gas seeks global partners for recovery enhancement, rigs

The partnership would follow a gain-sharing model based on recovery and production improvements, with the partner holding full ownership of the recovery enhancement projects, said Cairn Oil & Gas

IBM boosts cloud computing push with nearly $11 billion Confluent deal

Mountain View, California-based Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models

HCLTech, Dolphin Semiconductors to co-develop energy-efficient chips

HCLTech has partnered France's Dolphin Semiconductors to embed low-power IP into its silicon design workflows, aiming to build scalable SoCs that cut energy use across workloads

ICICI Bank to maintain over 51% stake in all 3 of its listed entities: ED

"We are committed to ensuring all our three listed entities remain our subsidiaries. So, our stake will remain at over 51 per cent," Batra said

Dr Reddy's signs licensing pact with Immutep to develop, market cancer drug

According to the agreement, Immutep will receive from Dr Reddy's an upfront payment of $20 million (around AUD 30.2 million)

Is Apple facing a Tim Cook succession test as leadership churn accelerates?

Apple is seeing rare top-level churn as AI setbacks, design reshuffles and succession questions collide, raising doubts about whether it can reinvent itself for the post-iPhone era

Dr Reddy's signs licensing pact to sell Australian Immutep's cancer drug

Over the last few years, Dr Reddy's has diversified its portfolio beyond generics to include cancer therapies as it battles pricing pressures in North America, its largest market

Japan's JERA inks 10-year LNG export deal with Torrent Power from 2027

Looking ahead, JERA will continue to build a robust LNG portfolio across the Middle East, Asia, and the United States, to develop resilience against market volatility, the company said

IndiGo gets 24 hrs for DGCA reply as refunds hit ₹610 cr: Top updates

After major nationwide disruptions, IndiGo now has to answer the DGCA by 6 pm on Monday; the airline says operations are improving and ₹610 crore in refunds have already been cleared

Reliance Group to scale solar, storage platforms; NU Energies adds capacity

Anil Ambani's Reliance Group said solar and battery manufacturing will anchor its clean energy strategy, with Reliance Infrastructure planning an integrated solar chain and a BESS platform

Tata Advanced Systems, Lockheed Martin announce new defence MRO facility

The announcement to set up the facility in Bengaluru came as a Tata-Lockheed Martin joint venture is pitching C-130J Super Hercules as the best aircraft

ATGC Biotech, Israel's Luxembourg Industries form Semiophore crop-tech JV

The JV plans to commercialise 18 semiochemical and pheromone technologies developed by ATGC Biotech in multiple international markets, including Israel, Brazil, Australia and countries in Africa

Reliance Infrastructure to build integrated solar manufacturing ecosystem

The facility will bridge large demand-supply gap as India will need 5560 GW of solar modules annually by 2030, while upstream capacity remains significantly short

Adani Green integrates TNFD framework for nature-positive renewable growth

Beginning in FY24, AGEL initiated company-wide assessments to map nature-related dependencies, impacts, risks, and opportunities across all operational sites

Wise to double down on cross-border payments, roll out prepaid forex card

Over 75,000 users waitlisted; fintech eyes cross-border payment expansion after securing RBI's in-principle PA-CB nod

Logistics company Delhivery tests autonomous logistics drones in Deoria

The showcase, held in the presence of Shashank Mani, the Member of Parliament from Deoria, was executed by Delhivery Robotics India Private Limited, a subsidiary of Delhivery