The number of overseas acquisitions by Indian drug companies has been steadily rising and is expected to continue growing as they scale up their ambitions, driven by a desire to…
Category: Companies
Biocon gets notice of compliance from Health Canada for two biosimilars
Biocon Ltd on Tuesday said it has received a notice of compliance from Health Canada for its biosimilars Bosaya and Vevzuo, indicated for the treatment of osteoporosis and bone complications…
Suzlon targets Europe’s wind boom with high capacity turbines
India’s Suzlon Group on Tuesday launched its 5 megawatt (MW) and 6.3 MW wind turbine models in Europe, targeting the continent’s repowering and new-build markets. Suzlon said Europe is entering…
Jaypee Insolvency: Adani Group backs CoC decision; opposes Vedanta’s late offer
The Adani Group on Tuesday strongly defended the integrity of the resolution process in the Jaypee Associates insolvency matter before the National Company Law Appellate Tribunal (NCLAT), where Vedanta has…
Tea café chain Chaayos in talks to raise $50-70 million, appoints banker
Mumbai: Tea cafe chain Chaayos, backed by investors including Tiger Global and Elevation Capital, has appointed Avendus as an advisor to raise $50-70 million in a fresh funding round, two…
Infra.Market founders take on debt to pump more cash into firm as IPO plans slow
Tiger Global-backed Infra.Market’s founders are taking on personal debt through their promoter entity, Silverline Homes Pvt Ltd, to inject fresh capital into the company, as market volatility clouds its valuation…
Beyond zero: Soft drink makers double down on ‘functional’ fizz, zero calories and local flavours
MUMBAI: Zero sugar is no longer a differentiator for India’s soft-drinks industry – it’s a way of ensuring a stake in the market. After a year in which zero sugar…
South Korea’s Krafton, Naver partner Mirae for ₹6,000 crore India fund to back growth-stage tech startups
NEW DELHI: South Korean tech companies Krafton Inc. and Naver Corp. have tied up with Mirae Asset Venture Investments to launch a ₹6,000 crore India-focused fund to back growth-stage technology…
Suzlon eyes Europe comeback with next-gen wind turbines
Mumbai: Life is coming full circle for Suzlon Energy Ltd as the company looks to resume selling wind turbines in Europe, a market where it stopped sales nearly two decades…
Inox Clean Energy eyes reviving IPO plan to raise $1 billion
Inox Clean Energy Ltd. has revived plans for an initial public offering that could raise as much as $1 billion, according to people familiar with the matter. The company is…