Hyderabad-based Dr. Reddy’s Laboratories Ltd. has announced a strategic acquisition from Johnson & Johnson’s affiliate, Janssen Pharmaceutica NV, marking its entry into the anti-vertigo therapeutic space. The company will acquire the Stugeron portfolio—including key brands Stugeron FORTE and Stugeron PLUS—for $50.5 million (approximately ₹445 crore), along with related…
Reliance Industries Launches New Subsidiary "Reliance Intelligence" Reliance Industries has incorporated a wholly owned subsidiary named Reliance Intelligence, further strengthening its diversified portfolio. Rajoo Engineers Signs Deal to Acquire Manufacturing Firm Rajoo Engineers has executed a definitive agreement to acquire a company that manufactures machinery for multiple industries,…
Blue Jet Healthcare Ltd., a specialty pharmaceutical manufacturer, has announced a ₹400 crore offer for sale (OFS), with promoter Akshay Bansarilal Arora set to pare his stake in the company. The move is primarily aimed at meeting the minimum public shareholding (MPS) requirement under SEBI regulations. OFS Structure…
Arvind Limited, one of India’s leading textile-to-retail conglomerates, has taken a pioneering step in sustainable manufacturing by inaugurating the country’s first supercritical CO₂ dyeing machine at its Ahmedabad facility. The initiative, developed in collaboration with H&M Group and Deven Supercriticals, marks a breakthrough in eco-friendly dyeing technology and…
UCO Bank, a leading public sector lender, has revised its benchmark interest rates effective September 10, 2025, reflecting a calibrated response to prevailing monetary conditions. While the bank has lowered its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors by 5–10 basis points (bps), other…
Thermax Limited, a leading energy and environment solutions provider, has infused ₹115 crore into its wholly-owned subsidiary First Energy Private Limited (FEPL) to fund upcoming renewable energy projects. The capital infusion, announced on September 9, 2025, will further flow into FEPL’s step-down subsidiary, First Energy 10 Private Limited…
India has announced one of its most ambitious infrastructure initiatives yet — a ₹11 lakh crore ($125 billion) investment to expand its high-speed road network nearly fivefold by 2033. Spearheaded by the Ministry of Road Transport and Highways, the plan seeks to build 17,000 km of access-controlled expressways,…
PC Jeweller Ltd has strengthened its capital structure with the allotment of 13.61 crore equity shares to non-promoter investors, including Mauritius-based Unico Global Opportunities Fund, following the conversion of 1.36 crore fully convertible warrants. The move, approved by the Board of Directors on September 10, 2025, reflects a…
Regulatory Action Optival Health Solutions, a subsidiary of MedPlus Health Services Ltd, has received suspension orders for drug licenses at two of its Telangana outlets. The suspensions were issued on September 8, 2025, by the Assistant Director of Drugs Control Administration, Secunderabad, under provisions of the Drugs and…
Project Details Sterling & Wilson Renewable Energy Ltd (SWREL) announced on Tuesday that it has secured a Letter of Award (LoA) worth about ₹415 crore from a leading private independent power producer (IPP). The contract covers the balance-of-system EPC package for a 300 MW (AC) / 420 MWp…