Two and three-wheeler major TVS Motor Company has unveiled the 2025 edition of its popular 225 cc motorcycle TVS Ronin, during the ongoing TVS MotoSoul 4.0 event in Goa, the company said. The company, in a statement on Saturday, said the TVS Ronin mid-variant would be equipped with a Dual-Channel ABS towards enhancing the safety and stability of its riders.
Suven Pharmaceuticals has said it will acquire a controlling stake in US-based NJ Bio Inc for $64.4 million. The company will buy a 56 per cent stake in Princeton, NJ Bio, Suven Pharmaceuticals said in a statement. “This transaction is in line with our vision of being a technology-led CDMO, offering end-to-end solutions in emerging modalities like ADCs,” Suven Executive Chairman Vivek Sharma said.
Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has received notice from the Competition Commission of India (CCI), and the Aditya Birla group flagship firm is confident in the merits of its case. In July, UltraTech Cement had announced the acquisition of a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal in a move to expand its footprint in the highly competitive and fast-growing southern cement market, particularly Tamil Nadu. Meanwhile, India Cements has also said that it is in process of furnishing response to CCI in this regard and will be able to satisfy the concerns of the regulator.
Tata Power is looking to incur 2.5 times more capex over the next five years than the Rs 50,000 crore it spent between 2021 and 2025. “We will incur a capex of Rs 1.25 lakh crore between 2026 and 2030,” said Praveer Sinha, MD and CEO at the company’s cell and module plant in Tirunelveli in Tamil Nadu.
Online gaming firm Delta Corp has revised its previously approved scheme for the demerger of its hospitality and real estate businesses. Accordingly, the revised Scheme inter alia provides for the demerger of the Dhargal Project into Deltin Hotel & Resorts Private Limited, a wholly-owned subsidiary of Delta Penland Private Limited, while the remaining Hospitality and Real Estate Business shall be demerged into DPPL. According to the the updated plan, it aims to ensure the financial and operational optimisation of the Dhargalim project, Goa, a key component of the company’s growth strategy in the hospitality and real estate sector.
Biocon has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the U.S. Food and Drug Administration (US FDA), for our API facility (Site 2), located at SEZ Plot no. 2,3,4 and 5 Bommasandra-Jigani Link Road, Bengaluru, Karnataka. This is based on a surveillance inspection conducted by the agency between the 23rd to 27th of September, 2024.
The board of Bondada Engineering has approved a proposal to raise rs 185 crore by way of issuance of equity shares or any other eligible securities of the Company, including debentures / non-convertible debt instruments along with warrants / convertible debentures / securities and / or any other equity based instruments, in one or more tranches, through one or more public and/or private offerings, including by way of a preferential issue, qualified institutions placement and/or any other method,.
Welspun Corp has said that is in receipt of additional two large orders in the USA, one each for HSAW and HFIW pipes, for supply of coated pipes for Natural Gas Pipeline Project. With addition of these two new orders, value of the cumulative orders received by our USA Plant till date in this Q3FY25 exceeds Rs. 7,000 Crores. Execution of these orders will be during FY25 & FY26, it said in a notice to the stock exchanges.
Dhiraj Saxena, Chief Technology Officer (CTO) of Poonawalla Fincorp Limited, has resigned from his position, effective December 3, citing alleged harassment by the company’s Chief Human Resources Officer (CHRO). He said undue interference by CHRO had severely impacted the organisation’s IT functions.
Bajaj Healthcare informed the exchanges that one of its API Manufacturing Site at Gothada, Savli, Vadodara, Gujarat, has received approval from Therapeutic Goods Administration (TGA), Australia. The said site has already received approval from the USFDA and EU.
JSW Neo Energy Limited, a wholly-owned subsidiary of the Company, has received a letter of award from NTPC Limited for setting up a 400 MW Solar Power Project against Tariff based Competitive Bid invited for setting up 1,500 MW ISTS-connected Solar Power Projects. In a separate announcement, it said JSW Energy (Utkal) Limited (JSWEUL), its subsidiary, being the successful bidder for the BARTAP Coal Mine in Odisha with an estimated geological reserve of 1,600 MT, has executed the Coal Mine / Block Development and Production Agreement December 5.
Piramal Pharma has said that it will pay $407,400 to US-based VetDC, Inc to settle a dispute over rejected batches of a product. Piramal Pharma Solutions Inc, a unit of the company, and VetDC, Inc have entered into a settlement agreement for an amount of USD 407,400, the drug maker said in a regulatory filing. VetDC had claimed damages on account of rejection of certain batches of product manufactured and supplied by Piramal Pharma Solutions Inc.
Fintech firm and owner of Paytm brand One97 Communications’ Singapore-based arm has approved the sale of its Stock Acquisition Rights in Japan’s PayPay to Softbank Vision Fund 2 for Rs 2,364 crore, the company said in a regulatory filing on Saturday. Paytm and Paytm Singapore had signed an agreement with the Japanese digital wallet firm, Softbank Corp, Softbank Group Corp and Yahoo Japan Corporation to provide technology services to PayPay.
NLC India Ltd. has been declared as the lowest bidder for the new Patrapara South coal mine project in Odisha’s Angul district, according to an exchange filing on Friday. The public sector enterprise signed the coal mine development and production agreement with the Ministry of Coal on Thursday. This is the third commercial coal mine for NLC, it said.
Easy Trip Planners has entered into a share purchase agreement with Pflege, Jeewani and Planet to acquire 49.03%, 50%, and 49% stake for Rs 29.83 crore, Rs 100 crore and Rs 39.20 crore respectively .
Rulka Electricals, a leading provider of integrated electrical and firefighting services, has announced that it has secured 10 new work orders totalling ₹3,94,65,749. With these new orders, the company’s total order book stands at ₹62.73 crore as of December 6. These new orders include one residential and nine warehousing projects, located at Mumbai and Thane (Maharashtra), Patancheru, Jagtial and Kothur (Telangana), Nuzividu (Andhra Pradesh), Gurgaon and Bilaspur (Haryana). The company intends to complete the execution of these new orders within this financial year.
