Mumbai: Fineotex Chemical Limited (FCL), a specialty chemicals manufacturer, has announced the acquisition of US-based CrudeChem Technology through its US-based subsidiary. This move allows the company to expand its portfolio in the global oil and gas sector. CrudeChem Technologies Group (CCT) is well-known for its environmentally responsible, ESG-compliant solutions for the oil and gas industry. Through its three world-class technical laboratories in Texas, the company brings a robust foundation of scientific depth and operational strength. The company has a diversified presence across verticals, serving textile, water treatment, home care and oil and gas sectors. This acquisition will add to its…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: Despite US President Donald Trump’s unreasonable tariffs for India, it seems acche din have arrived for Indians, considering the rare, once-in-a-decade deflation witnessed since October. The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to cut the repo rate from 5.5 percent to 5.25 percent following its meeting on December 5. Besides this, the MPC has also lowered the Standard Deposit Facility (SDF) to 5% and Marginal Standing Facility (MSF) to 5.5%, making it cheaper for banks to lend more, and helping boost consumption in the economy. The MPC has also decided to conduct forex swaps…
Mumbai: In one of the strongest orders against misleading financial advice, the Securities Exchange Board of India (SEBI) has issued an order against Avadhut Sathe and his firm Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL), impounding ₹546 crore from the firm. In a 125-page order passed following a detailed probe in FY24, the SEBI has accused Avadhut Sathe and his academy of sharing trading tips, despite warnings issued in March 2024. The order, issued on December 4, is aimed at cleaning up the finfluencer ecosystem, where unregistered investment advisors offer misleading advice to thousands of investors with the hope of…
India’s airports are witnessing chaotic scenes as almost 300 IndiGo flights have been cancelled across the country. Thousands of passengers across the country have been waiting to hear back from the airline for the next course of action, even as the airline staff struggle to deal with the chaos. The trigger IndiGo has been facing two big challenges at once- both due to developments beyond its control. Last week, Airbus grounded almost half of the A320 fleet worldwide to undergo urgent software updates to address vulnerabilities in its flight control systems. For IndiGo, this has meant taking almost 385 planes…
Mumbai: Zaggle Prepaid Ocean Services Ltd, an expense-based fintech player, has announced its intention to acquire 100% of Rivme Technology, with an investment of ₹75 crores. The company, which operates under the brand name Rio.Money is an emerging company with established domain knowledge in UPI and has also forayed into the consumer credit card market. For Hyderabad-headquartered Zaggle, 2025 has been a fairly memorable year, with Rivme being its fifth acquisition this year, after buying travel and corporate rewards company Greenedge Enterprises for ₹25 crore, spend management service provider Dice Enterprises for ₹123 crores, a controlling stake in software billing…
Mumbai: Kimberly-Clark India has been recognized as one of the Best Companies to Work for in Asia at the prestigious HR Asia Awards 2025, reinforcing its commitment to building a workplace where Performance = Care. The company was also honoured with the Most Caring Company Award, celebrating its dedication to employee well-being, inclusion, and a culture anchored in care. The awards were received in Singapore by the leadership team representing Kimberly-Clark India. The recognition highlights the company’s continued focus on people-first policies, leadership excellence, and a purpose-driven culture. Speaking about the achievement, Rahul Asthana, Vice President and Managing Director, Kimberly-Clark…
Bangalore: Domestic defence equipment major Kavveri Defence and Wireless Technologies has successfully designed a fully indigenous dual-polarised, high-grain antenna system for use in highly advanced military drones. Built entirely in-house, the advanced system has been developed to meet the emergency requirements of the Armed Forces, which until now, depended on a North American supplier for the same. The system is designed to meet the specific requirements of the armed forces, which include a ruggedised, compact design engineered to perform well in harsh field environments. Kavveri Defence has been a long-standing supplier of antenna and related equipment to the military, and…
New Delhi: The blockbuster weight loss drug Ozempic is all set to get an Indian generic variant, with the Delhi HC refusing to stop Dr Reddy’s from exporting a generic version of the drug. Novo Nordisk had patented Semaglutide, the molecule behind weight loss and diabetes management drugs like Ozempic, Wegovy and Rybelsus, in March 2006, with the patent expiring in March 2032. But Novo Nordisk’s patent is treated differently in different countries. In India, the patent is set to expire in March 2026, due to differing patent treatments in India and the US. What the court said According to…
Bengaluru: Leading IT services firm Mphasis aims to foster innovative solutions to common challenges through its Sparkle Innovation Program. Under this, Mphasis will provide technical mentorship, market-strategy support, and global-market access to selected startups, academic institutions and research partners. Earlier, Mphasis collaborated with Edgeable AI, Perpetuuiti Technosoft, QuoQo and SuperBryn AI to help them refine their offerings and connect them with enterprise clients worldwide. The key focus areas include IT resilience and automation, AI-led contract management, voice-based AI operations, and Edge AI. The company is also looking to continue collaborating with Nasscom for its InnoTrek 2025 initiative, selecting promising startups…
Surat: The Surat Cyber Crime Cell has arrested a city based man after investigations revealed his involvement in an international network of cyber fraudsters accused of siphoning off Rs 21.55 crore by luring victims with promises of quick, high returns through cryptocurrency trading. Investigations found that Vikas Kumar Bishnoi was part of a gang that enticed people to invest in cryptocurrencies with the false promise of doubling their investments. The Police have recorded transactions worth ₹21.55 lakh made in various instalments to various bank accounts, after Vikas enticed them to pay through a fraudulent crypto trading application. According to the…
