Swiggy and Zomato, two of India’s largest food delivery platforms, have released their Q3 FY 2025 financial results, providing key insights into their operational and financial strategies. As these companies navigate an evolving market, their performance metrics reveal the progress they’ve made in expanding services, improving profitability, and capturing customer loyalty. In this article, check …
NIBE Limited, a key player in the defence manufacturing sector, has taken a significant step towards advancing India’s self-reliance in defence production. The company inaugurated its cutting-edge Missiles Complex and Precision Machining – Small Arms Complex in Pune. This event coincided with the celebration of NIBE’s Foundation Day, symbolising its continued commitment to innovation and …
Dr Reddy’s Laboratories SA, a wholly owned subsidiary of Dr Reddy’s Laboratories Ltd, has entered into a licensing agreement with Shanghai Henlius Biotech, Inc. for the development and commercialisation of HLX15, a biosimilar candidate to Darzalex® and Darzalex Faspro. Under this agreement, Dr Reddy’s will hold exclusive rights to commercialise HLX15 in the United States …
Oil and Natural Gas Corporation Ltd (ONGC) Board of Directors has declared and approved an interim dividend of ₹5/- per equity share of face value ₹5 each. On February 6, 2025, ONGC share price opened at ₹262.65 and closed at ₹256.45, down by 1.99%. The share price of ONGC touched its day’s low at ₹254.30 on the …
Biocon Limited and Equillium Inc. have announced encouraging results from a Phase 2 clinical trial assessing Itolizumab, a novel monoclonal antibody, for the treatment of moderate to severe ulcerative colitis (UC). The trial, which compared Itolizumab with adalimumab (a standard treatment) and a placebo, demonstrated higher remission rates and positive safety outcomes. Trial Overview The …
The Ministry of Defence (MoD) has signed multiple contracts worth ₹10,147 crore with Economic Explosive Limited (EEL) and Munitions India Limited (MIL) for the procurement of advanced rockets for the PINAKA Multiple Launch Rocket System (MLRS). Additionally, Bharat Electronics Limited (BEL) has been awarded a contract to upgrade the SHAKTI software, further enhancing operational efficiency. …
Raymond Limited has announced its latest milestone in the real estate sector, with its 100% owned step-down subsidiary, Ten X Realty West Limited, signing a significant Joint Development Agreement (JDA) for a residential project in Mahim West, Mumbai. This marks the company’s second residential project in the locality and its 5th overall project beyond its …
Redington Limited has announced a significant development regarding its step-down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S (“Arena”), which is listed in Istanbul, Turkey. The company has now received the necessary regulatory approvals to proceed with the transfer of its wholly-owned subsidiary, Paynet Ödeme Hizmetler A.Ş (“Paynet”), to Iyzi Payment and Electronic Money Services Inc. …
Kolte-Patil Developers Limited, a well-established real estate player in Pune, Mumbai, and Bengaluru, has announced a joint development agreement for a new residential/mixed-use project in Pune. Located in Wadgaon Khurd, Sinhagad Road, this project is set to span approximately 22 acres and has an expected Gross Development Value (GDV) of ₹4,000 crore. The share price …
Public sector lender Bank of Baroda (BoB) has announced that its Board of Directors will meet on February 13, 2025, to discuss a capital raising plan through various modes, including a Qualified Institutional Placement (QIP). In an exchange filing, the bank stated that the board will consider raising common equity capital in suitable tranches up …
