industry

On the bankers' plea, the National Company Law Appellate Tribunal (NCLAT) had on May 17 annulled voting by homebuyers and lenders on NBCC's bid and allowed renegotiation on the offer by May 30. Voting process could start from May 31.

Novartis Rs 14-Cr gene therapy for rare disorder is world's most expensive drug May 25 2019

Swiss drugmaker Novartis on Friday won US approval for its gene therapy Zolgensma for spinal muscular atrophy (SMA), the leading genetic cause of death in infants, and priced the one-time treatment at a record $2.125 million.

Mother Dairy hikes milk prices by up to Rs 2 a litre May 24 2019

The company has increased the prices of only poly pack milk and not bulk vended milk, also known as token milk.

Government requests for FB user data rises by 7% globally; India 2nd May 24 2019

Government requests for Facebook user data increased globally by seven per cent in the second half of 2018 with India being on the second spot after the US in the list of nations asking the social networking giant to divulge details, a top executive of the company has said.

NCLT approves Heinz India-Zydus Nutritions merger: Zydus Wellness May 24 2019

Consumer healthcare firm Zydus Wellness Friday said the National Company Law Tribunal (NCLT) has approved scheme of amalgamation between two subsidiaries -- Heinz India Pvt Ltd with Zydus Nutritions Ltd -- post which, Heinz India has ceased to be in existence.

BOC Aviation delivers three Boeing aircraft to SpiceJet May 24 2019

Singapore-based aircraft leasing company BOC Aviation on Friday said it has delivered three Boeing B737-800 NG aircraft to Indian carrier SpiceJet.

Reliance Capital to exit MF biz; sells stake to JV partner Nippon Life May 23 2019

Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life Insurance.

SpiceJet launches 20 new domestic flights May 22 2019

The new services, which include flights to regional destinations such as Thiruvananthapuram, Vijayawada and Tirupati from Mumbai, will be launched between May 26 and May 30, SpiceJet said in a statement.

Cipla Q4 net jumps over 2-fold to Rs 357.68 cr; to raise up to Rs 6,000 cr May 22 2019

Drug major Cipla Wednesday reported over two-fold jump in consolidated net profit to Rs 357.68 crore for the fourth quarter ended March 31, mainly on account of robust sales across markets.