Company News

Samsung India launches AI Home, sees growing demand for its appliances

The company last year launched Bespoke AI, its range of artificial intelligence appliances

Crisil to acquire McKinsey PriceMetrix to expand wealth management insights

PriceMetrix, based in Toronto, serves leading wealth management firms in the US and Canada

Lightspeed leads $23 mn funding in Emergent AI app-building platform

AI startup Emergent raises $23 million Series A led by Lightspeed as platform hits $15 million ARR in 90 days with 1.5 million apps built from natural language prompts

Lupin gets tentative nod from USFDA for generic HIV treatment drug

Citing IQVIA MAT July 2025 data, Lupin said the Bictegravir, Emtricitabine, and Tenofovir Alafenamide tablets (Biktarvy) had estimated annual sales of $16,237 million in the US

Labour Ministry signs MoU with Zepto to accelerate job opportunities

The Memorandum of Understanding (MoU) was signed in the presence of Union Minister for Labour & Employment Mansukh Mandaviya here

PhonePe files draft papers via confidential route ahead of likely IPO

Fintech startup reported 40% revenue growth and positive cash flows in FY25

Glenmark Pharma signs $18 mn deal with Hengrui for cancer therapy drug

The agreement gives Glenmark exclusive rights to develop and commercialise cancer drug Trastuzumab Rezetecan outside China, the US, Europe, and other select markets

Forevermark opens 1st flagship store in Delhi, plans 100 outlets by 2030

Forevermark targets metros and tier II cities with affordable luxury focus

Investcorp sells 6.8% stake in NDR InvIT via ₹305 crore block trade

Investcorp has divested a 6.8 per cent stake in NDR InvIT through a Rs 305 crore block deal, the largest secondary stake sale in the warehousing InvIT sector

Flipkart reports 21% rise in user visits during Big Billion Days sale

Flipkart's Big Billion Days sale recorded 21 per cent growth in visits, 26 per cent surge in premium demand and strong Cleartrip bookings as festive shopping gained pace

Anand Piramal to become chairman of Piramal Finance after merger

Anand Piramal will chair Piramal Finance with Jairam Sridharan as MD and CEO after NCLT approves merger with Piramal Enterprises, effective from the record date

Abhishek Maheshwari joins OneAssist as CEO to drive expansion and AI push

OneAssist has appointed Abhishek Maheshwari as CEO to lead business strategy, AI adoption and expansion into new categories and geographies to serve more households

LanzaTech looks to convert waste into green fuels, eyes export market

LanzaTech aims to transform agri residue and waste gases into ethanol and sustainable aviation fuel with partners Indian Oil and GAIL as India builds biofuel capacity

Dr Reddy's and Hetero to sell generic HIV prevention drug for $40 a year

The price tag, which will enable much broader access in low-and middle-income countries, compares with an estimated US price of around $28,000 a year for branded Yeztugo

Imported coal may feature on proposed coal exchange for trading, says CIL

Coal India wants imported coal to be traded on the proposed coal exchange to improve price discovery and transparency while supplementing existing auction platforms

Meesho, Shopsy see festive sales boom as smaller cities drive demand

Meesho recorded 240 million visits and Shopsy saw 70% of orders from tier-3 towns as India's festive e-commerce battle shifts to smaller cities and value shoppers

Karnataka High Court dismisses X's petition on content removal rules

Filed in March, the company's case against Prime Minister Narendra Modi's government in the Karnataka High Court had targeted the entire basis for tightened internet censorship in India

Relux Electric and Tamil Nadu Green Energy to set up EV charging points

As part of the association, the two entities would conduct a feasibility study to identify land across Tamil Nadu for establishing the charging stations

Poly Medicure to fully acquire Citieffe Group at value of ₹324 cr

The company has signed a definitive agreement to acquire 100 per cent stake in Medistream SA (Group) consisting of Citieffe SRL and its step-down subsidiaries in USA & Mexico, the company said

Oolka raises $7 million seed funding led by Lightspeed India, Z47

AI credit management platform Oolka raises $7 million in seed funding led by Lightspeed India Partners and Z47, with plans to expand tech and product teams