Page 7 - Company News

Biocon arm gets supplemental USFDA approval for autoimmune disease drug

Yesintek is indicated for the treatment of moderate-to-severe plaque psoriasis and active psoriatic arthritis

Tata Sons postpones AGM days after chairman Chandrasekaran announces exit

Tata Sons' AGM was adjourned on Tuesday after the meeting failed to meet the required quorum

Torrent Gas to file updated draft papers for up to $418 million IPO

The ​filing comes at a time when India's primary market activity has picked up ‌substantially after a muted first half of the year due to the Iran war-driven spike in ​crude ‌oil prices.

HELM AG, Parijat enters into strategic tie up in agrochemical space

The partnership spans digital commerce, branded crop protection products, technical manufacturing and international distribution across India and overseas markets

Hindustan Copper plans capital investment of ₹7,000 cr in next 5-6 yrs

The development assumes significance in the wake of the country's rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications

ICICI Bank raises fresh $750 million as overseas borrowing accelerates

The latest issue takes the lender's dollar debt fundraising to $2.05 billion in about a month as Indian banks accelerate overseas borrowing ahead of the RBI swap window's early closure

Inox completes ₹6,000 cr acquisition of BlackRock-owned GIP's Vena Energy

The transaction represents one of the fastest signing-to-execution deals in the renewable energy sector, having been completed within two months, despite involving multiple stakeholders

Bengaluru sets the pace for prime office rental growth in Q2 CY26

Bengaluru recorded 10.7 per cent year-on-year rental growth, followed by Delhi-NCR at 7.6 per cent and Mumbai at 4 per cent, as occupier demand remained healthy

China's ByteDance signs AI copyright pact with Hollywood trade group

The deal, which ​covers ByteDance's Seedance video and Seedream image-generation models, follows a cease-and-desist letter the MPA sent in February ​over these tools.

New factories, aircraft, AI hubs to test Tata group's funding muscle

In the first of a two-part series, Business Standard examines the funding needs of Tata Electronics, Air India, Agratas and Tata Digital - and the role Tata Sons may play in financing them

Yes Bank makes bond market comeback after 2020 AT1 debt write-off

The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday

Philips India personal health hopes to cross ₹1K cr revenue in FY27

India is the fastest-growing country for Philips Personal Health worldwide, with the company growing twice as fast as the domestic market and gaining share across categories

Vijay Shekhar Sharma-controlled Resilient may sell 4.98% Paytm stake

Proceeds from the proposed stake sale will go to Antfin under a 2023 agreement; Paytm said it is not a party to the transaction and Sharma's direct holding is unchanged

Vijay Shekhar Sharma-controlled Resilient may sell up to 4.98% Paytm stake

Netherlands-based Resilient Asset Management, fully owned by Paytm founder Vijay Shekhar Sharma, will sell up to 4.98% of the fintech firm's stake via a block trade.

Tata group's Nelco picks up minority stake in Elveo, invests $20 mn

Strategic investment will allow Nelco to offer Direct-to-Device and IoT Connectivity in India, South Asia

NCLT defers SpiceJet insolvency orders after last-minute settlement

The tribunal expressed strong displeasure over the timing of the settlement after extensive hearings, saying considerable judicial time had already been spent on the petitions

CIBC leases 1.21 lakh sq ft office space in Hyderabad for GCC at ₹180 cr

The Canadian banking major will occupy space at Meenakshi Eco Park for five years, paying Rs 225 per sq ft monthly, with rent escalating 5 per cent annually

HELM AG, Parijat Industries sign deal for agri-commerce, manufacturing

The company will also collaborate with the Plantix team to leverage its farmer connect and demand-generation capabilities, including exclusive direct-to-farmer marketing features.

KABIL expects to start lithium production in Argentina in 4-5 years

India's state-owned KABIL is expected to start lithium extraction in Argentina in ​the next four to five years after completing project ​feasibility, a parliamentary panel report on its ops said

Muthoot Microfin targets 40% non-JLG share as funding costs decline

The lender expects its cost of funds to fall to 9.75-9.8 per cent after its AA- rating upgrade and plans to raise the non-JLG portfolio share to 40 per cent in two years