Page 728 - Company News
Dr. Reddy's Laboratories joins race to bring new GERD drug to India
Dr. Reddy's will market Vonoprazan tablets under its own brand Vono, and it will be available in two strengths, 10 mg and 20 mg
 "Dr. Reddy's Laboratories joins race to bring new GERD drug to India")
Adani, Wilmar likely to pick banks for sale of stake in joint venture
Representatives for the Adani group and Nuvama did not offer any immediate comments, while representatives for Jefferies, SBI Capital and Wilmar International declined to comment
 "Adani, Wilmar likely to pick banks for sale of stake in joint venture")
Lupin and Huons partner to bring novel dry eye treatment to Mexico
Cyclosporine Ophthalmic Nanoemulsion is a preservative-free treatment for dry eye syndrome and healing corneal ulcers
 "Lupin and Huons partner to bring novel dry eye treatment to Mexico")
Byju's knocks at NCLAT door against NCLT's insolvency order in BCCI case
At the heart of the dispute is the 'Team Sponsor Agreement' that BCCI and Byju's entered into on July 25, 2019 where Byju's made payment in full only once but failed to pay for subsequent invoices
 "Byju's knocks at NCLAT door against NCLT's insolvency order in BCCI case")
LTIMindtree bags multimillion dollar contract extension with Absa Bank
This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector
 "LTIMindtree bags multimillion dollar contract extension with Absa Bank")
JSW Infrastructure Q1 results: Net profit fall 9% on higher expenses
Its consolidated net profit fell to Rs 292 crore (about $35 million) in the quarter ended June 30 from Rs 321 crore in the year-ago period
 "JSW Infrastructure Q1 results: Net profit fall 9% on higher expenses")
Toshiba Group to invest 10 bn Japanese yen in India to increase capacity
Toshiba Group has positioned power T&D as a focus business and will invest about JPY 10 billion (over Rs 500 crore) in TTDI to expand its capacity
 "Toshiba Group to invest 10 bn Japanese yen in India to increase capacity")
Vedanta's QIP receives bids for Rs 23,000 cr against offer of Rs 8,000 cr
QIP or qualified institutions placement, which is likely to close on Friday, will enable the company to deleverage its balance sheet and fund growth projects
 "Vedanta's QIP receives bids for Rs 23,000 cr against offer of Rs 8,000 cr")
Warner Bros Discovery mulls major restructuring to boost stock value
CEO David Zaslav is evaluating various strategic paths, which may include asset sales or establishing a new entity for its Warner Bros movie studio and Max streaming service
 "Warner Bros Discovery mulls major restructuring to boost stock value")
Union Budget 2024 to signal next steps for IDBI Bank privatisation
IDBI Bank's market capitalisation is around Rs 95,000 crore. The government could secure close to Rs 29,000 crore for the sale of 30.5% of its 45.5% stake
 "Union Budget 2024 to signal next steps for IDBI Bank privatisation")
Disney's Slack under attack: Hacktivists expose chat data on artist rights
Hacktivist group NullBulge accessed Disney's network through a compromised video game mod installed by a developer. Unlike typical hackers, the group appears to be uninterested in financial gains
 "Disney's Slack under attack: Hacktivists expose chat data on artist rights")
Mankind Pharma and EQT compete to acquire BSV Group for Rs 14,000 crore
Advent International, the private equity firm currently owning BSV, appointed JP Morgan and Jefferies to facilitate the sale of the biopharma firm
 "Mankind Pharma and EQT compete to acquire BSV Group for Rs 14,000 crore")
Snapdeal founders Kunal Bahl, Rohit Bansal exit Urban Co with 200X returns
Titan Capital's Rohit Bansal and Kunal Bahl secured the returns on their decade-old seed cheque to the firm, having invested Rs 57 lakh in 2015
 "Snapdeal founders Kunal Bahl, Rohit Bansal exit Urban Co with 200X returns")
Microsoft faces backlash over DEI team layoffs amid diversity commitments
Microsoft has laid off its internal team dedicated to diversity, equity, and inclusion (DEI) due to 'changing business needs'
 "Microsoft faces backlash over DEI team layoffs amid diversity commitments")
Godrej Storage Solutions to invest Rs 400 cr in new unit near Chennai
GSS said it has made significant investments to expand capacity and build capability to serve its customers
 "Godrej Storage Solutions to invest Rs 400 cr in new unit near Chennai")
Air India unveils voluntary retirement, separation schemes before merger
The Tata Group-owned airline introduced voluntary retirement scheme for employees with at least five years of service, and voluntary separation scheme for those with less than five years of service
 "Air India unveils voluntary retirement, separation schemes before merger")
DVC to be corporatised, divided into 3 entities keeping ownership intact
DVC functions under the Centre's Ministry of Power
 "DVC to be corporatised, divided into 3 entities keeping ownership intact")
DLF to expand housing, commercial property biz: Chairman Rajiv Singh
"The markets response to our products continues to be very encouraging. It is with this conviction that we are entering new geographies like Mumbai and Goa," he said
 "DLF to expand housing, commercial property biz: Chairman Rajiv Singh")
Higher discretionary sales, store growth key for gains in Avenue Supermarts
Consolidated net profit rose 17.5% Y-o-Y in Q1FY25 helped by general merchandise and apparel sales
 "Higher discretionary sales, store growth key for gains in Avenue Supermarts")
Swiggy, Zomato may hike platform fee further to Rs 10-15, say restaurants
Many restaurants ask for high commissions charged by food delivery platforms to be slashed
 "Swiggy, Zomato may hike platform fee further to Rs 10-15, say restaurants")