Mahanagar Telephone Nigam Ltd (MTNL) is now grappling with a severe financial crisis. The company has defaulted on substantial loan repayments to multiple public sector banks, raising concerns over its long-term viability. Over 8,300 Crore Default Across Multiple Lenders MTNL has defaulted on loans totalling ₹8,346 crore, as per an exchange filing released on Saturday. …
JB Chemicals & Pharmaceuticals Ltd. has received approval from the United States Food and Drug Administration (USFDA) to manufacture and market Bisoprolol Tablets USP in 5 mg and 10 mg strengths. The approval was issued under the Abbreviated New Drug Application (ANDA) route. As of 9:20 am on April 21, 2025, J B Chemicals and …
National Fertilizers Limited (NFL) will invest around ₹572.45 crore to acquire an 18% equity stake in a proposed joint venture company that will set up a new ammonia-urea plant in Namrup, Assam. The company’s board approved the proposal at its meeting held on April 18, 2025. As of 9:20 AM on April 21, 2025, National …
Zydus Medtech, a subsidiary of Zydus Lifesciences, has signed a global licensing agreement with Brazil-based Braile Biomedica to commercialise its Transcatheter Aortic Valve Implantation (TAVI) system. The deal covers markets in India, Europe, and other selected regions. As of 9:24 am on April 21, 2025, Zydus Lifesciences share price was trading at ₹831.75, a 0.024% …
The Adani Group, established in 1988, is one of India’s leading conglomerates with a diverse portfolio spanning ten publicly listed companies. It holds a dominant position in the transport logistics and energy utility sectors and is widely recognised for its role in nation-building and infrastructure development. As India’s only infrastructure-focused investment-grade issuer, the group has …
Eternal Limited (formerly Zomato Limited) has proposed a cap of up to 49.5% on total foreign ownership. The board approved this on April 18, 2025. Shareholders will vote on the resolution through electronic postal ballot from April 20 to May 19, 2025. The outcome will be announced by May 21. As of 9:32 am on …
Divi’s Laboratories Ltd recently informed the stock exchanges that it has signed a long-term manufacturing and supply agreement with a global pharmaceutical company. The contract is international in scope and pertains to the supply of advanced intermediates. Confidentiality Clause The name of the customer and quantitative terms of the deal have not been disclosed due …
HDFC Bank Limited has announced its consolidated and standalone financial results for the quarter and year ended March 31, 2025. Post the announcement, on April 21, 2025, HDFC Bank share price opened at ₹1,924.00, up from its previous close of ₹1,906.70. At 9:36 AM, the share price of HDFC Bank was trading at ₹1,933.30, up …
Inox Wind Limited has made significant strides in its renewable energy segment by securing a 1,500 MW framework agreement with Purvah Green Private Ltd, a subsidiary of CESC Ltd. The agreement includes a substantial 990 MW turnkey order, which is currently under full execution across various locations in Gujarat, Rajasthan, and Madhya Pradesh. Progress …
Infosys has approved the acquisition of two companies, MRE Consulting and The Missing Link, to support its international expansion. MRE Consulting is based in Houston, Texas, while The Missing Link operates out of Australia. Both companies provide technology services in areas like digital consulting, network integration, and cybersecurity. As of 9:35 am on April 21, 2025, …
