Dr Reddy’s and Nestlé Health Science, a joint venture between Dr. Reddy’s Laboratories and Nestle India, launched Celevida GLP Plus in the domestic market. It is a specialised product to support optimum…
Category: Companies
BPCL’s Mozambique LNG project hits 42% completion after force majeure lifted
Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has reached approximately 42 per cent completion, with over 6,000 personnel currently deployed at the site following the…
FMC to sell India business to Crystal Crop for $252 million
US-based FMC Corporation, a global agricultural sciences company, on Thursday said it has signed an agreement to sell its India commercial business to IPO-bound Crystal Crop Protection Ltd, a crop…
LICO Materials to get ₹25 cr under critical mineral recycling scheme
Lithium-ion battery recycling and refurbishing firm LICO Materials on Thursday said it will receive a grant of ₹25 crore from the mines ministry under the incentive scheme for promotion of…
FDAs new playbook: Lots of media announcements but not much rulemaking
WASHINGTON (AP) — In one of his first major announcements as health secretary, called a news conference to unveil a plan to “phase out” . Food and Drug Administration Commissioner…
Everstone Capital acquires Germany’s Qlar Group in $150-200 million deal
MUMBAI: Private equity firm Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone, the companies said in a statement on Thursday. While the companies did not disclose…
PNB earmarks ₹3,400 crore for IT, AI push amid rising cyber frauds
State-run Punjab National Bank has received board approval for an IT spending plan of ₹3,400 crore, covering investments in artificial intelligence, large-scale technology upgrades and digital innovation initiatives, said its…
India not just a growth market, but a model for the future of retail: Walmart Chief John Furner
Walmart Inc President and Chief Executive Officer John Furner, who is on a visit to India, said the retail major looks at India as not just a growth market, but…
Tata Group and JSW Group plow $1 billion in EV, battery tech
Two Indian conglomerates are looking to spend nearly $1 billion to build domestic capabilities in electric-vehicle and battery technologies, people familiar with the matter said, reflecting a growing urgency on…
Escorts Kubota Q4 net profit marginally up at ₹320.52 cr
Farm and construction equipment major Escorts Kubota Ltd on Thursday reported a marginal increase in consolidated net profit at ₹320.52 crore in the fourth quarter ended March 31. The company…