Facing headwinds due to US drug regulatory compliance issues, coupled with price erosion in the US market, Alembic Pharmaceuticals has reduced its US sales outlook from $400-500 million to around…
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Aditya Birla Group forays into premium casual dining space
The Aditya Birla Group has announced its foray into the premium casual dining space, a fast-growing segment in the organised food services market, in collaboration with chef-restaurateur, Rahul Akerkar. The…
Lendingkart acquires personal loans app Upwards; Chinese investor Shunwei Capital to exit
SME-focused digital lending platform Lendingkart has acquired instant loans provider Upwards in a deal estimated at Rs 100-120 crore. This comes amidst the Indian government’s crackdown on loan apps with…
Multiple lawsuits filed against L’Oreal, others in US claiming use of cancer-causing chemicals in hair relaxers
Around 57 lawsuits have been filed in federal courts in the US against L’Oreal USA Inc and other companies claiming that hair relaxer products sold by these companies cause cancer…
‘Indian banking sector not likely to be affected by an individual case,’ says Shaktikanta Das on Adani row
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday, without naming Adani Group, said that Indian banking sector, including NBFCs, continues to be strong and is not likely to…
IT major TCS wins deal to transform UK insurer’s business
Tata Consultancy Services (TCS), India’s largest IT exporter, announced on Wednesday that it has expanded its partnership with UK’s Phoenix Group, a long-term savings and retirement provider, to digitally transform…
Indian start-up takes on Linktree with a tool for content creators
Content monetisation platform Cosmofeed has launched SuperProfile, a link-in-bio tool to help its content creators showcase all products that can be monetised at one place. This assumes significance as for…
Lendingkart acquires personal loans provider Upwards, amidst govt crackdown on lending apps
SME-focused digital lending platform Lendingkart has acquired personal loans provider Upwards in a deal estimated at Rs 100-120 crore. This comes amidst the Indian government’s crackdown on loan apps, raising…
RBI to launch QR code-based coin vending machines
The Reserve Bank of India will launch a pilot project on QR code-based coin vending machine. The announcement was made by RBI Governor Shaktikanta Das during the Monetary Policy Committee…
RBI’s UPI push: G20 travellers can use UPI for payments at select airports
The Reserve Bank of India has said that it will allow all inbound travellers to use Unified Payments Interface (UPI) payments for their merchant payments while they are in the…