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…
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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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…
Hype sells? Sometimes, every time, or maybe just. For the management at Superdry, a British fashion label, hype represented the salesman who was expected to bring in most of the orders, and continue to do so, like a robot. In the early 2000s, the company was the poster child of the UK’s startup ecosystem, much before e-commerce was considered a threat to organized retail. The company offered a unique take on fashion- marrying British and American tailoring standards with Japanese text, even though the brand never entered Japan. The rise The brand was co-founded by designer James Holder and Julian…
New Delhi: Dreamfolks Services Ltd, India’s pioneering airport services aggregator, has announced the acquisition of a 50.01% stake in Ten11 Hospitality LLP for ₹11.46 crore, the company said in a press release to the bourses. The move comes at a time when the airport lounge aggregator, which once dominated the market in India, now looks to diversify even as banks and airport operators like Adani and leading credit card issuing banks look to collaborate directly without involving middlemen like Dreamfolks. The company, which once controlled almost 9 of the 10 lounges in the country in 2024, has been forced to…
Mumbai: One of India’s most hyped IPOs this season made a poor debut on the BSE and NSE as it listed at a discount of 2.99% on the BSE and just 1.75% on the NSE from its issue price of Rs.402 per share. The share initially plunged 10% just after the listing, and recovered slightly after that. Now that Lenskart is listed, Peyush Bansal has more explaining to do, especially since the IPO was subscribed over 20 times, with its price-to-earnings ratio (P/E ratio) quite high at about 230 times, mostly driven by hype around the company’s success. Even though…
New York: A new player has emerged in the almost $300 billion weight loss market. Following Ozempic’s exploding popularity as a quick weight loss treatment and Wegovy and other drugs competing for the pie, now Pfizer has won the rights to acquire US-based Matsera to enter the fray. The company won a highly competitive bidding war for the company, finally settling at a $10 billion valuation for the company, after rival Novo Nordisk refused to bid further for the company. According to a press release by Matsera, the deal represents the best transaction for its shareholders: “The Metsera Board of…
New York: US-based electric vehicle maker Rivian Automotive has approved a record-breaking $4.6 billion pay package for its founder-CEO RJ Scaringe, as the company looks to recover lost ground, especially as Chinese EV makers dominate the global markets. This announcement comes a day after Tesla’s CEO Elon Musk received a multi-billion-dollar pay rise, ostensibly for the same reason. The massive payout is tied to hope for better days- it’s tied to performance and profitability milestones for Rivian over the next several years. According to the company’s filings, Scaringe will receive the stock options worth $4.6 billion only if Rivian’s stock…
Mumbai: State-run Shipping Corporation of India (SCI) reported a 35% year-on-year decline in consolidated net profit to ₹189 crore for the second quarter of FY2025–26, from ₹290 crore in the same period last year. The company’s operational revenue slipped 8% YoY to ₹1,311 crore, largely due to subdued global freight rates and lower charter income from the tanker and liner segments. The company’s Board of Directors approved an interim dividend of ₹3 per share, signalling continued shareholder returns over the years. The company has been at the centre of India’s energy transport infrastructure, with a fleet of 58 vessels for…
New Delhi: India’s largest life insurer, Life Insurance Corporation of India (LIC) has posted a 31% year on year rise in net profit to Rs.10,098 crore for the September 2025 quarter compared to Rs.7,728 crore from the same period last year. During the same period, the insurer’s total income grew 4.4% to Rs.2,39,614 crore, mostly due to stronger returns and encouraging policy renewals. However, the insurer’s profit has fallen 7.8% from Rs.10,957 crore in the previous June quarter, mostly due to subdued returns. Despite this, LIC’s Assets Under Management (AUM) surged to an impressive ₹57,22,896 crore, up from ₹55,50,571 crore…
Surat: A prop trading scam attributed to a company named Greenvol Enterprises or Green Wall Enterprises, has now been found to be much bigger than expected, with the losses estimated to reach ₹. 150 crore from the ₹.5 crore lost earlier. The scam was unearthed after Green Wall Enterprises key employees suddenly disappeared in August this year, and people doing business with it approached Jainam Stock Broking as the company was believed to be its agent. According to investigators, Green Wall Enterprises lured investors with an impossible offer: to trade ₹50 lakh against a deposit of just ₹5 lakh, with…
