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Rourkela: In its effort to bring innovations from the lab to the real world, the National Institute of Technology Rourkela (NIT Rourkela) spun off the startup Miraqules MedSolutions Pvt. Ltd. On Tuesday, the startup received regulatory approval for commercial manufacturing and clinical deployment of its patented technology -- a rapid nano-biopolymer hemostat designed to transform emergency hemorrhage control. As India faces significant challenges in trauma care, a major proportion of road accid ...Read More >
CHENNAI: Veranda Learning Solutions' revenue grew 20% in the second quarter of the current fiscal to Rs 126 crore from Rs 106 crore in the same period last year, driven by new programs and B2B business. The company's net profit stood at Rs 23 crore, up 185% year-on-year, boosted by a one-time gain of Rs 133 crore from the spin-off of its vocational education business.EBITDA increased 63% to Rs 48 crore. Veranda's commerce segment operating revenue rose 68% to Rs 86 crore, while revenue from the ...Read More >
In a major twist to the ongoing crackdown on misleading or fake oral-rehydration solution (ORS) drinks, the Delhi High Court has granted an interim stay against key orders issued by FSSAI, effectively pausing the ban on use of ORS branding for certain beverage products. The stay comes following a petition by JNTL Consumer Health (a subsidiary of Johnson & Johnson), allowing it to continue marketing its ORS-branded product and addressing stock in the market. After the FSSAI's October 14 advisory ...Read More >
New Delhi: Deal making activity involving India has touched a three-year high, with disclosed deal value reaching $109.9 billion in the first nine months of 2025, a new report said on Wednesday. According to a report by the London Stock Exchange Group (LSEG), this marks a 72 per cent increase compared to last year, making it the highest January-September total since 2022. Target India M&A activity stood at $91.2 billion, up nearly 57 per cent year-on-year (YoY). Domestic deals grew 81 per cen ...Read More >
By Pooja Menon and Sumit Saha (Reuters) -Corteva shares fell about 4% on Monday after a report the U.S. agrichemicals company was looking to separate its seed and crop protection chemical businesses stoked concerns about potential operational disruption and value dilution. The combined business model has historically delivered strong synergies, including co-developed seed traits and crop protection products, as well as bundled solutions for farmers. Corteva's potential split of its seed and c ...Read More >
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from its parent company Vedanta Ltd, setting aside a lower court's order that put the proposed demerger on hold. The order comes after the counsel for Talwandi Sabo informed the NCLAT that it has reached a settlement with China's Sepco Electric Power Construction Corp. (Sepco) on 11 September. Sepco is one of the creditors of TSPL that objected to the demerger for allege ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company ...Read More >
MUMBAI (Reuters) -Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Trib ...Read More >
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid ₹10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youn ...Read More >
New Delhi: Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks, including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive direct ...Read More >
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