The Division of Telecom (DoT) has requested debt-ridden telecom operator Vodafone Thought to both deposit a financial institution assure of ₹6,090.7 crore or ₹5,493.2 crore in money for shortfall of mixture fee made for spectrum the corporate acquired in 2015. The corporate, nonetheless, is in dialogue with DoT to pay the dues by means of fairness.
Aurobindo Pharma has knowledgeable the exchanges that the European Fee (EC) has granted advertising authorisation within the European Union (EU) for Zefylti, a filgrastim biosimilar, to CuraTeQ Biologics s.r.o., a wholly-owned step-down subsidiary of the corporate. Earlier in December 2024, the Committee for Medicinal Merchandise (CHMP) of the European Medicines Company has adopted a constructive opinion recommending the approval of Zefylti.
Ugro Capital on Thursday stated it has raised ₹260 crore from Dutch lender FMO by means of a non-convertible debenture situation. The proceeds are earmarked to drive initiatives in girls’s empowerment, handle territorial inequalities, and foster youth empowerment, in keeping with an announcement.
RBL Financial institution on Thursday stated the Reserve Financial institution of India (RBI) has accredited the re-appointment of R Subramaniakumar because the Managing Director & CEO for 3 years. The financial institution shall search approval from the shareholders of the financial institution for re-appointment throughout the stipulated timelines, it stated. Subramaniakumar has been MD & CEO of the financial institution since June 23, 2022.
TVS Motor Firm on Thursday purchased extra shares of TVS Provide Chain Options for ₹107 crore by means of an open market transaction. In accordance with bulk deal knowledge obtainable on the BSE, TVS Motor Co bought 67.10 lakh shares, amounting to 1.52 per cent stake in TVS Provide Chain Options at a median value of ₹159.42.
Waaree Renewable Applied sciences on Thursday stated it has secured a 40 MWh battery storage contract from Continuum Inexperienced Vitality. The mission shall be positioned at wind-solar hybrid websites in Gujarat. The contract is valued at Rs 40 crore, it stated.
Electrical two-wheeler maker Ather Vitality on Thursday stated it has entered right into a partnership with ChargeMOD, a cost level operator in Kerala. The collaboration offers EV homeowners with the LECCS (Mild Electrical Mixed Charging System) connector entry to 121 extra charging areas throughout Kerala.
Tata Consultancy Companies has signed an settlement to drive the IT transformation of Finland-headquartered UPM. Finnish UPM specialises in producing recyclable merchandise which can be product of responsibly sourced, renewable uncooked supplies. It operates manufacturing amenities in 11 international locations and has a turnover of EUR 10.3 billion. Saying the deal, a launch stated the digital transformation will assist drive progress for UPM, improve consumer expertise, and enhance adoption of an AI-first working mannequin.
