Container Corporation of India (Concor) and Jawaharlal Nehru Port Authority (JNPA) have signed a Memorandum of Understanding (MoU) to collaborate on the development and management of Common Rail Handling Operations for all upcoming container terminals at the proposed Vadhvan Port. Under the MoU, Concor will serve as the Common Rail Handling Operator, providing consultancy and operational support in rail coordination, infrastructure planning, and container handling at the common rail yard.
Dr Reddy’s Laboratories received a Notice of Non-Compliance from Canadian regulators regarding its Abbreviated New Drug Submission for Semaglutide Injection. The notice requests additional information and clarifications. Dr Reddy’s plans to respond within the stipulated time frame and remains confident in the quality and safety of its product. This setback could delay the company’s entry into the Canadian market with its semaglutide product, a medication used for diabetes management and weight loss. Following this, the ADR of Dr Reddy’s plunged over 8 per cent to $13.41 on the NYSE.
Airfloa Rail Technology Limited (ARTL) has received an order worth ₹3.08 crore from the Modern Coach Factory in Uttar Pradesh for LHB Power Car Coach side wall sets. The order has to be executed within 5-6 months, the BSE-SME-listed company said in a notice to the exchange.
Ashoka Infraways Ltd (AIWL), a 100 per cent subsidiary of Ashoka Buildcon Ltd, has been selected as the successful resolution applicant for Shree Sainath Land & Development India Private Ltd (SSLD). In a notice to the exchanges, ABL said the Committee of Creditors has approved AIWL’s resolution plan, which includes a total payment of ₹80.52 crore to creditors. AIWL will acquire 100% ownership of SSLD, subject to regulatory approvals, including the National Company Law Tribunal. The acquisition aligns with AIWL’s core business as a real estate developer and may strengthen its position in the sector.
Solex Energy has signed a memorandum of understanding (MoU) with ISC Konstanz, Germany, to collaborate on research and development in advanced solar cell technologies. The agreement aims to strengthen India’s domestic solar manufacturing capabilities through technological exchange and joint innovation. The collaboration will also enable the establishment of the company’s dedicated in-house R&D line, backed by ISC Konstanz’s patent portfolio, to drive continuous innovation and high-efficiency solar manufacturing in India.
The board of Samvardhana Motherson International Ltd has approved the elevation of Kunal Malani to the position of President – Group Strategy & Transformation, effective November 15. Consequently, Malani will step down from his role as Chief Financial Officer and Key Managerial Personnel at the close of business on November 14. The company has simultaneously announced the appointment of Gandharv Tongia as Chief Financial Officer and Key Managerial Personnel, designated as Group CFO, effective November 15, 2025.
Sharda Motor Industries Limited, one of India’s prominent Tier-1 suppliers, has announced that it has signed a Technology Licence Agreement (TLA) with Donghee Industries Co. Ltd., Republic of Korea, for Advanced suspension products in India. Under the agreement, Donghee will transfer design drawings, process know-how and validation protocols to SMIL. SMIL will locally produce Control arms, Torsion beams and Sub-frames for Indian and Global OEM platforms.
Zydus Wellness Products Limited (ZWPL), a subsidiary of Zydus Wellness Limited, has been issued a GST demand of ₹56.33 crore, along with applicable interest and penalties, by the Directorate General of Goods and Services Tax Intelligence. The demand stems from alleged GST dues arising from Heinz India Private Limited’s acquisition of intellectual property rights from Heinz Italia S.p.A., which subsequently merged with ZWPL. The tax obligation relates to the period prior to January 30, 2019. ZWPL is reviewing its options for appeal and believes it has a robust case on the merits. According to Zydus Wellness, the liability is fully covered by an indemnity from Heinz Italia S.P.A., with no anticipated immediate financial impact