Delhivery, a leading third-party logistics provider, is revolutionising transportation for high-volume sectors such as automobiles and fast-moving consumer goods (FMCG) by introducing road trains—tractor units towing multiple trailers. This innovation aims to enhance efficiency and reduce costs, positioning the company at the forefront of logistics advancements. Road Trains: Enhancing Cost Efficiency in Logistics Delhivery has …
Camlin Fine Sciences Limited (CFS) has signed an agreement to acquire a majority stake in Vinpai S.A., a French company specialising in functional ingredients derived from algae, plants, minerals, and fibers. The deal will be carried out through a share swap and a cash offer. Acquisition Details CFS will initially acquire 78.68% of Vinpai’s outstanding …
Welspun Specialty Solutions Limited has changed the record date for its upcoming ₹350 crore rights issue from February 27, 2025, to March 1, 2025. The revision has been made in line with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 and Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. As of February 25, …
India’s drone industry is witnessing rapid expansion, with growing opportunities for investors across sectors such as agriculture, logistics, defence, and entertainment. As drone applications continue to evolve, industry experts predict substantial growth, supported by rising demand and government initiatives aimed at making India a global leader in drone technology. The Indian drone market is expected …
The combined market valuation of eight out of the top-10 most valued Indian firms eroded by ₹1,65,784.9 crore last week, as bearish trends in the equity market took a toll on investor sentiment. Tata Consultancy Services (TCS) bore the brunt of the decline, suffering the steepest loss among the affected firms. During the week, the …
Zaggle Prepaid Ocean Services Limited has entered into a strategic agreement with Honasa Consumer Limited, the parent company of Mamaearth. Under this contract, Zaggle will provide its Zoyer Platform to Honasa Consumer, facilitating improved financial and expense management solutions. Nature of the Contract The agreement is classified as a Customer Service Agreement and is purely …
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, has announced the launch of YESINTEK™ (ustekinumab-kfce) in the United States. A Cost-Effective Biosimilar for Autoimmune Diseases This marks a significant milestone for BBL as one of the first biosimilar alternatives to Stelara® (ustekinumab) in the U.S. market. YESINTEK is approved for treating Crohn’s disease, ulcerative …
Star Health and Allied Insurance Company Limited (Star Health Insurance), India’s largest retail health insurance provider, has expanded its Home Health Care (HHC) initiative to 100 locations across the country. Launched in July 2023, the program now serves over 85% of the company’s customer base, offering cashless medical care at home within three hours without …
Zomato’s share price is set to remain in focus on Tuesday, February 25, 2025, following its latest investment of ₹1,500 crore in Blinkit, as per regulatory filings with the Registrar of Companies (RoC). This comes just a month after the company infused another ₹500 crore into its quick commerce arm. Aggressive Expansion Plans for Blinkit …
State-owned Oil and Natural Gas Corporation (ONGC) announced on Monday, February 24, 2025, that it has approved an investment of ₹1,200 crore in its wholly owned subsidiary, ONGC Green Ltd (OGL), through a Rights Offer of equity shares. The decision was taken during ONGC’s Board meeting held on the same day. ONGC’s Investment Plan for …
