HCL acquires a US data analytics product company for Rs 750 crore
HCL acquires a US data analytics product company for Rs 750 crore

HCL acquires a US data analytics product company for Rs 750 crore

HCL America Inc, a wholly-owned step-down subsidiary of the company has acquired the balance 19.6 per cent stake in HCL Technologies SEP Holdings Inc, the sole parent entity of the operating company, Actian Corporation.

DSIJ Intelligence Article rating: 3.6

HCL already owns an 80.4 per cent stake in the company and is buying out the minority partner who holds the balance 19.6 per cent stake in the company. The cost of acquisition is USD 100.2M (Rs 750 crore) for the remaining 19.6 per cent ownership of HCL Technologies SEP Holdings Inc.

Cipla to launch molnupiravir in India to treat mild to moderate COVID-19 patients
Cipla to launch molnupiravir in India to treat mild to moderate COVID-19 patients

Cipla to launch molnupiravir in India to treat mild to moderate COVID-19 patients

Molnupiravir is an oral antiviral that inhibits the replication of multiple RNA viruses including SARS-CoV-2. The drug is used for the treatment of non-hospitalized patients with confirmed COVID-19 globally.

DSIJ Intelligence Article rating: 4.3

Cipla Limited announced today that it has been granted Emergency Use Authorization (EUA) permission by the Drug Controller General of India (DCGI) for the launch of Molnupiravir in the country. Cipla plans to launch Molnupiravir under the brand name Cipmolnu. Molnupiravir is the first oral antiviral approved by the UK Medicines and Healthcare products Regulatory Agency (MHRA) for the treatment of mild-to-moderate COVID-19 at high risk of developing severe disease.

IndusInd Bank join hands with NPCI to offer cross-border payments via UPI
IndusInd Bank join hands with NPCI to offer cross-border payments via UPI

IndusInd Bank join hands with NPCI to offer cross-border payments via UPI

IndusInd Bank has started off with Thailand for Foreign Inward Remittance (FIR) through UPI and also plans to add more partners in various other countries in the near future.

DSIJ Intelligence Article rating: 5.0

IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.

TVS Apache RTR 165 RP launched at Rs 1.45 lakh; Here are the key features
TVS Apache RTR 165 RP launched at Rs 1.45 lakh; Here are the key features

TVS Apache RTR 165 RP launched at Rs 1.45 lakh; Here are the key features

The TVS Apache RTR 165 RP is the first product to be launched under the Race Performance series and will be limited to 200 units.

DSIJ Intelligence Article rating: 4.2

The TVS Apache RTR 165 RP motorcycle gets an advanced 164.9 cc single-cylinder 4 valve engine that churns out 19.2 PS at 10,000 rpm and 14.2 Nm torque at 8,750 rpm.

Rs 8000 to Rs 25,600 crore; Story of a Tamil Nadu ice cream company founder who became a billionaire
Rs 8000 to Rs 25,600 crore; Story of a Tamil Nadu ice cream company founder who became a billionaire

Rs 8000 to Rs 25,600 crore; Story of a Tamil Nadu ice cream company founder who became a billionaire

In five decades, R G Chandramogan has grown his ice cream company to a corporation that sells full dairy products

DSIJ Intelligence Article rating: 3.7

Have you ever visited Ibaco and tasted delicious ice cream or, at the very least, icone, ibar from Arun ice cream? If you don't, you're missing out on some tasty ice cream.

HCL join hands with Mexican construction company for its digital transformation
HCL join hands with Mexican construction company for its digital transformation

HCL join hands with Mexican construction company for its digital transformation

HCL Technologies recently appointed Pablo Gallegos as its Mexico country head to lead HCL’s strategy in the region

DSIJ Intelligence Article rating: 4.3

HCL Technologies (HCL) signed a five-year agreement with CEMEX, a global construction materials company, to deliver the next generation of employee services enabled by digital transformation, increased automation and near real-time analytics as part of the CEMEX “Working Smarter Program”.

ESG commitments: This Real Estate company is among the top 13 per cent globally
ESG commitments: This Real Estate company is among the top 13 per cent globally

ESG commitments: This Real Estate company is among the top 13 per cent globally

Macrotech developers is in the 87 percentile in the Real Estate industry, and is amongst the top 13 per cent of companies assessed globally under S&P Global Corporate Sustainability Assessment this year.

DSIJ Intelligence Article rating: 3.0

Macrotech Developers Limited (Lodha), one of the leading real estate developers received an exceptional score in S&P Global Corporate Sustainability Assessment (CSA). Following a thorough evaluation across the company’s Environmental, Social, and Governance (ESG) dimensions, Lodha scored 58 out of 100 in the 2021 S&P Global Corporate Sustainability Assessment. This was Macrotech Developers first attempt at the assessment.

Why was Cipla the top Nifty gainer? Here are the reasons
Why was Cipla the top Nifty gainer? Here are the reasons

Why was Cipla the top Nifty gainer? Here are the reasons

Drugmaker Cipla has received final approval for its Lanreotide injection from the United States Food and Drug Administration (US FDA).

DSIJ Intelligence Article rating: No rating

The FDA approval was based on a New Drug Application (NDA) submitted under the 505(b)(2) filing pathway. Lanreotide injection is supplied in 60 mg/0.2 mL, 90 mg/0.3 mL, and 120 mg/0.5 mL single-dose prefilled syringes. It is used for treating patients with Acromegaly and Gastroenteropancreatic Neuroendocrine Tumors (GEP-NETs). 

 

Zomato is acquiring a minority stake in this technology-based fitness company
Zomato is acquiring a minority stake in this technology-based fitness company

Zomato is acquiring a minority stake in this technology-based fitness company

Eyeing diversification Zomato will acquire 6.38 per cent in Curefit, a growing tech-based fitness platform

DSIJ Intelligence Article rating: No rating

Zomato is making a primary investment to acquire a minority stake in Curefit and will purchase one share of the company at Rs 483.62. The total percentage of shareholding would be 6.38 per cent of the fully diluted basis, the authorized share capital of Curefit is Rs 1,264.11 crore

 

Ramkrishna Forgings wins a domestic order worth Rs 9 crore
Ramkrishna Forgings wins a domestic order worth Rs 9 crore

Ramkrishna Forgings wins a domestic order worth Rs 9 crore

This order win is in line with the company strategy to strengthen non-auto business and new product offerings

DSIJ Intelligence Article rating: 5.0

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won a domestic order worth Rs 9 crore (USD 1.2 million) from a Multinational Oil & Gas Tier-1 component supplier in India.

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