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  • Alembic Pharma gets USFDA nod for generic ophthalmic solution March 30, 2023 02:31 PM IST

    Alembic Pharma gets USFDA nod for generic ophthalmic solution

    The company has received final approval from the US Food & Drug Administration (USFDA) to market Brimonidine Tartrate Ophthalmic Solution, Alembic Pharmaceuticals said in a statement.

  • OYO-owned Weddingz.in ties up with Lemon Tree Hotels March 30, 2023 02:28 PM IST

    OYO-owned Weddingz.in ties up with Lemon Tree Hotels

    The alliance will help increase the fill rate of banquets and event spaces in Lemon Tree Hotels, in more than 40 destinations across the country, including Delhi NCR, Jaipur, Kolkata, Lucknow, Bhubaneswar, Mumbai and Pune, among others.

  • Aether Industries inks pact with Saudi Aramco Technologies March 30, 2023 02:27 PM IST

    Aether Industries inks pact with Saudi Aramco Technologies

    Aether Industries has inked a letter of intent (LoI) with Saudi Aramco Technologies to this effect, according to a statement.

  • Indian pharma firm Granules opens packaging facility in US' Virginia March 30, 2023 07:44 AM IST

    Indian pharma firm Granules opens packaging facility in US' Virginia

    The facility was inaugurated by India's Ambassador to the US Taranjit Singh Sandhu.

  • Adani pulls back on grand ambitions after Hindenburg bombshell March 30, 2023 07:39 AM IST

    Adani pulls back on grand ambitions after Hindenburg bombshell

    Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company’s inner workings.

  • Adani met Pimco, BlackRock for potential private bond placement March 30, 2023 06:57 AM IST

    Adani met Pimco, BlackRock for potential private bond placement

    The conglomerate led by billionaire Gautam Adani is aiming to raise up to $1 billion in two tranches this year via such a route, said the people, who declined to be named as they were not authorized to speak about it.

  • India markets regulator asks top 100 companies to confirm or deny market rumours from October 1 March 29, 2023 06:47 PM IST

    India markets regulator asks top 100 companies to confirm or deny market rumours from October 1

    The requirement will kick in from Oct.1, 2023 for top 100 companies by market capitalization, and from April 1, 2024 for the top 250, SEBI said in a press release following a board meeting.

  • HMSI sets up dedicated unit for electric 2Ws in Karnataka; to roll out 10 lakh units per year by 2030 March 29, 2023 02:16 PM IST

    HMSI sets up dedicated unit for electric 2Ws in Karnataka; to roll out 10 lakh units per year by 2030

    The company aims to touch 10 lakh electric vehicles production capacity annually by 2030.

  • MakeMyTrip plans to grow franchise base by over 50% this year March 29, 2023 02:10 PM IST

    MakeMyTrip plans to grow franchise base by over 50% this year

    The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India by adding 80 airports over the next three years, taking the number to 220 by 2025, MakeMyTrip (MMT) said in a statement.

  • Goyal Aluminiums plans Rs 200 crore investment to set up EV plant in UP March 29, 2023 01:34 PM IST

    Goyal Aluminiums plans Rs 200 crore investment to set up EV plant in UP

    The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project.

  • HCC completes sale of Baharampore-Farakka Highways for Rs 1,323 crore March 29, 2023 01:23 PM IST

    HCC completes sale of Baharampore-Farakka Highways for Rs 1,323 crore

    HCC in a statement said the group is to receive a total of Rs 941 crore which includes upfront amount of Rs 677 crore and Rs 264 crore payable by the third quarter of 2023-24 in two tranches, contingent on traffic projections.

  • Maruti Suzuki India crosses 25 lakh units milestone of cumulative exports March 29, 2023 01:28 PM IST

    Maruti Suzuki India crosses 25 lakh units milestone of cumulative exports

    The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, Asia, and the Middle East.

  • Industrialist Naveen Jindal conferred lifetime achievement award by University of Texas at Dallas March 29, 2023 08:34 AM IST

    Industrialist Naveen Jindal conferred lifetime achievement award by University of Texas at Dallas

    An alumnus of the University of Texas at Dallas' 1992 batch, Jindal received the award in a ceremony held on March 25.

  • MC Insider: Debt fund tax fallout, changing MF rules, top executives bonding over food and more March 29, 2023 08:24 AM IST

    MC Insider: Debt fund tax fallout, changing MF rules, top executives bonding over food and more

  • Adani refutes reports on debt repayment concerns as shares slide March 29, 2023 06:54 AM IST

    Adani refutes reports on debt repayment concerns as shares slide

    Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.

  • Ajay Piramal, TPG weighing exit from Shriram General March 29, 2023 06:50 AM IST

    Ajay Piramal, TPG weighing exit from Shriram General

    Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.

  • Vedanta acting CFO Ajay Goel resigns with effect from April 9 March 29, 2023 08:00 AM IST

    Vedanta acting CFO Ajay Goel resigns with effect from April 9

    Ajay Goel, who was associated with Vedanta since March 2021, has resigned "to pursue career outside of the group", a regulatory filing stated.

  • Vedanta lines up this year's 5th interim dividend; CRISIL downgrades outlook to 'negative' March 29, 2023 12:15 PM IST

    Vedanta lines up this year's 5th interim dividend; CRISIL downgrades outlook to 'negative'

    Vedanta's fifth interim dividend for this year is worth Rs 7,621 crore.

  • In Pics: Stories behind the names of world's most renowned companies March 28, 2023 03:51 PM IST

    In Pics: Stories behind the names of world's most renowned companies

    Discover the stories behind the names of some of the world's most renowned companies.

  • GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 crore in Karnataka March 28, 2023 02:19 PM IST

    GR Infra lowest bidder for 2 NHAI projects worth Rs 1,613 crore in Karnataka

    The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing.

  • Shiprocket partners with eBay for cross-border shipping solutions March 28, 2023 02:09 PM IST

    Shiprocket partners with eBay for cross-border shipping solutions

    As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said in a statement.

  • Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners March 28, 2023 12:55 PM IST

    Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners

    As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.

  • Kotak Mahindra Bank arm raises $1.25 billion for 2nd special situations fund March 28, 2023 12:24 PM IST

    Kotak Mahindra Bank arm raises $1.25 billion for 2nd special situations fund

    The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, said.

  • Zydus Lifesciences gets USFDA nod to market generic drug March 28, 2023 11:46 AM IST

    Zydus Lifesciences gets USFDA nod to market generic drug

    The company has received the final approval for Levothyroxine Sodium for Injection in strength of 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the US Food and Drug Administration (USFDA), the drug firm said in a statement.

  • Sun Pharma: Ransomware attack to eat into operational performance March 29, 2023 03:56 PM IST

    Sun Pharma: Ransomware attack to eat into operational performance

    The situation is evolving and can potentially have a wider reach, possibly involving litigations