Company News

CDMO player OneSource expands GLP-1 drug-device capacity as demand soars

OneSource Specialty Pharma recently raised Rs 801 crore through equity issuance

Titan's Zoya plans 20 luxury jewellery stores in the next 3 to 4 years

Launched about 15 years ago, much of Zoya's expansion outside Mumbai and Delhi has occurred in the last three to four years. Around Covid-19 in 2020, it forayed into Bengaluru

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

CPPIB, RMZ to invest $750 million in commercial project in Mumbai

The project may become one of Asia's largest office spaces

HC refuses to quash 14-yr-old adulteration case against Hindustan Coca-Cola

Criminal proceedings concerning 2001 allegations of adulterated beverages to move forward

HDFC Bank discloses Sebi warning letter over regulatory non-compliance

Experts say an administrative warning is a less severe action than a fine. However, it serves as a formal notice of non-compliance

NCLAT appoints NBCC as consultant to complete Supertech's housing projects

NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata

PC Jeweller board approves issuing 51.7 mn shares to lenders to settle debt

In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI and favourable consideration of its OTS proposal

TransUnion CIBIL CEO Rajesh Kumar quits; Bhavesh Jain elevated as successor

The credit information company said it has elevated Chief Revenue Officer Bhavesh Jain to the position vacated by Kumar, who resigned citing personal reasons

Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions

Tech Mahindra on Thursday said it has collaborated with American software firm ServiceNow to launch the One E2E Platform, a GenAI-powered enterprise service management solution.

SBI adds to record samurai loan boom with $197 million debt facility

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Sebi issues warning letter to HDFC Bank for regulatory non-compliance

HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter

FirstClub raises $8mn in seed funding round from Accel and RTP Global

The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip

Rosneft, Reliance agree on biggest ever India-Russia oil supply deal

The 10-year agreement amounts to 0.5 per cent of global supply and is worth roughly $13 billion a year at today's prices

Snapmint raises $18 mn in debt & equity to expand merchant network

The new funds will be used to expand its partnership with more shopping portals, grow its merchant network, and expand its balance sheet

Harish Shekar to take over as CFO of Siemens Energy Business from Jan 1

Shekar has been the head of accounting and controlling of Siemens Ltd, India since 2018

TCS extends partnership with Telenor Denmark for another five years

This deal consolidates TCS' position as a trusted transformation partner in the Nordics, where it has maintained a strong presence for the past 30 years

Moon Beverages takes over Jharkhand Coca-Cola operations from HCCB

Hindustan Coca-Cola Beverages transfers operations as part of asset-light strategy; Moon Beverages handles Coca-Cola operations in several key regions

L&T's data centre biz onboards first major customer in Tamil Nadu

The centre has a built-in capacity of 30 MW, of which 12 MW colocation-ready capacity is live across two floors

Noida Airport partners Mahindra Logistics Mobility for e-taxi service

The round-the-clock and seven days-a-week service will feature premium pick-up and drop-off facilities located at the arrival and departure kerbs