Summary: Zydus Lifesciences has signed an exclusive licensing and supply agreement with Netherlands-based Synthon BV to commercialize generic Ozanimod Capsules in the U.S. market. The drug, a generic version of Bristol Myers Squibb’s ZEPOSIA®, is used in the treatment of multiple sclerosis and ulcerative colitis. With tentative U.S.…
Summary: Japan’s SoftBank Group has pared its stake in Ola Electric Mobility Ltd to 15.68%, marking its first divestment since the company’s IPO in August 2024. The sale comes amid improving sectoral sentiment, supported by China’s move to lift restrictions on critical EV supply chain materials, even as…
HUDCO has declared a final dividend of ₹1.05 per equity share (10.50% on a face value of ₹10) for the financial year 2024-25. The dividend will be distributed after receiving shareholder approval at the Annual General Meeting (AGM) to be held on September 15, 2025. Dividend Payout for…
Summary: Indo-Tech Transformers Ltd. has won a purchase order worth ₹78.39 crore from Avaada Clean Project Pvt. Ltd. for the supply of nine 125 MVA transformers. The order, dated September 4, 2025, is considered a material development and highlights the company’s growing role in supporting India’s renewable energy…
Summary: Power Grid Corporation of India Ltd (PGCIL) has been declared the successful bidder under Tariff-Based Competitive Bidding (TBCB) to establish a major inter-state transmission system (ISTS) in Sonbhadra district, Uttar Pradesh. The project, aimed at evacuating power from pumped storage projects, is expected to boost grid reliability…
Summary: Bharat Forge’s step-down subsidiary Agneyastra Energetics Ltd has acquired nearly 950 acres of land in Andhra Pradesh to set up a large-scale defence manufacturing complex. The facility will focus on energetics, ammunition, and propellants, with future provisions for rockets, missile systems, and space applications. The announcement comes…
Summary: Reliance Communications Ltd. (RCOM) has disclosed that Bank of Baroda has classified the loan accounts of the company and its promoter, Anil Ambani, as fraudulent. The bank is required to report the matter to the Reserve Bank of India (RBI) and other regulatory bodies. While RCOM is…
Brief: Specialty chemicals manufacturer Yasho Industries Ltd has signed a 15-year agreement with a global multinational corporation to supply lubricant additives, a deal expected to generate around ₹150 crore in annual revenue from FY27 onwards. The company will build a dedicated facility at its Pakhajan site to service…
Brief: Torrent Pharmaceuticals has issued a corrigendum to its open offer for acquiring up to 26% stake in J.B. Chemicals and Pharmaceuticals. The offer, worth ₹6,842.80 crore, values each share at ₹1,639.18. The corrigendum, published in leading national and regional newspapers, ensures transparency for shareholders ahead of the…
Brief: Defence shipbuilder Mazagon Dock Shipbuilders Ltd has announced a final dividend of ₹2.71 per equity share (face value ₹5) for the financial year 2024-25. The company has set September 19, 2025, as the record date to determine eligible shareholders, with the Annual General Meeting (AGM) scheduled for…