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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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'

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

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

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

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

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

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

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

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