Author: Abizar Attari
News Editor

Mumbai: Marathon Nextgen Realty Ltd(MNRL), has announced the launch of three new residential projects in Bhandup, Mumbai, significantly expanding its NeoHomes affordable brand. The combined worth of these projects is pegged at ₹370 crore, with almost 2.2 lakh sq ft of saleable area on offer. The first development is a new tower within the company’s 6.5 acre NeoPark layout, offering about 1.2 lakh sq ft of saleable carpet area and a Gross Development Value (GDV) of ₹200 crore. Along with this, the company is also introducing its second tower, Neovalley Narmada and Neo Park Ashoka, together adding another 1 lakh…

Mumbai: India’s leading paints company Asian Paints declared a 43% rise in net profit to ₹994 crore from ₹ 694.6 crore last year. The company has witnessed a strong demand over the years, with its decorative paints segments continuing to outperform, while its emerging home decor and industrial coatings verticals also posting healthy growth numbers. The company’s revenues from operations grew modestly by 6.4% from ₹8,003 crore to ₹ 8,513 crore in the same quarter last year, even as modest price hikes affected margins. Despite that, the company has declared an interim dividend of ₹4.5 per share, reflecting its long-standing…

Hyderabad: Generic pharma company Natco Pharma has announced the acquisition of a 35.75% stake in South Africa’s Adcock Ingram Holdings Ltd (AIHL) for $226 million (about ₹2,000 crore), giving the company a wider reach to expand into the African pharmaceutical market. Following this transaction, AHIL has delisted from the Johannesburg Stock Exchange(JSE). This deal, which was cleared by Natco’s shareholders earlier this month, included an offer for ZAR 75 per share, representing an 8% premium to Adcock’s fair value. Natco’s proposed the deal to Adcock’s minority shareholders in July 2025 with the approval received by October this year. With this,…

Mumbai: Veterinary vaccine manufacturer Hester Biosciences reported a 71% year-on-year rise in consolidated net profit to ₹14.33 crore for the quarter ended September 2025, despite a 15% decline in revenues to ₹70.96 crore. Operational challenges in its subsidiaries in Nepal and Africa have been the biggest drag on the company’s financials. Additionally, slower offtake from institutional orders, primarily from the government’s immunisation programs for PPR and Lumpy Skin Disease for livestock, has also been attributed to the mixed results. The company has reached important milestones this quarter, including authorization for its H9N2 poultry vaccine and the introduction of feed supplements…

New Delhi: Union Minister for New & Renewable Energy Pralhad Joshi called for proposals worth ₹100 crore for biomass-based green hydrogen plants, as he addressed the inaugural session of the 3rd International Conference on Green Hydrogen (ICGH 2025) at New Delhi on Tuesday, November 11. “ICGH-2025 is more than a conference, it is a platform for global collaboration and collective action. As we move towards realizing the goals of the National Green Hydrogen Mission, India stands ready to work with international partners to build a resilient and inclusive green hydrogen ecosystem that powers sustainable growth for all”, he said in…

Mumbai: Celebrated audio accessories brand BoAt, founded by Shark Tank host Aman Gupta, is now at the center of the controversy surrounding its IPO. The brand, through its holding company Imagine Marketing Limited, is hoping to raise ₹1,500 crore, after shelving its earlier plan of raising ₹2,000 crore when it first filed the Draft Red Herring Prospectus (DRHP) in January 2022. According to a now viral LinkedIn post by market commentator Jayant Mundhra, the BoAt has been abandoned by the one supposed to be steering it, especially during this crucial time. Aman and co-founder Sammer Mehta resided from the board…

New Delhi: Defence Minister Rajnath Singh today gave the inaugural address for this years Delhi Defence Dialogue 2025, hosted by the Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA).  In his speech, he emphasised the need to expand the scope of Aatmanirbhar Bharat, so as to be completely self-reliant for crucial defence technologies. Speaking at the ‘Delhi Defence Dialogue’ in New Delhi. https://t.co/lWV6o5Art3 — Rajnath Singh (@rajnathsingh) November 11, 2025 “(We) Need to build systems and ecosystems to make creation & adoption of new tech seamless, swift and self-sustaining,” he said. “True strategic autonomy will come only when our…

For most of us, owning a home remains the ultimate life goal, with everything else remaining the same. Owning a house that’s truly yours has been a milestone for every family, but this dream has remained a dream for many, especially as housing prices rise to the point where an average working professional will need an entire lifetime to pay off their home loans. In such a scenario, one Delhi guy has shown how it’s possible to pay off your loans within your tenure, even if it means sacrificing more than you think.  On a now viral post on Reddit,…

Hyderabad: Granules India Limited, a leading pharmaceuticals player based in Hyderabad, has announced its maiden USFDA approval for its Hyderabad facility, following its response to one observation that the FDA had made during its inspection. The company’s wholly owned subsidiary, Granules Life Sciences Limited, has received this approval, marking a major milestone for the company as it looks to expand its finished dosage capabilities. The approved product is already being manufactured at Granules’ Gagillapur facility, and this development would help the company expand its market share and support its business through multi-site manufacturing.  “We plan on launching the product into…

Mumbai: CarTrade Tech Ltd, the company behind auto tech platforms like CarWale, BikeWale and OLX India, is all set to acquire rival CarDekho in a deal worth $1.2 billion, based on wide-ranging reports. If the deal goes through, this transaction would help CarTrade become the largest company in India’s digital auto space, and help it re-enter the used car business that it exited in 2023. The company is aiming to use this acquisition as a launchpad for its second innings, given that the company has a dominant position in the classifieds business and attained unicorn status. The deal has been…