Business

Ahmedabad, January 15, 2026: Zydus Lifesciences Limited (NSE: Zyduslife, BSE: 532321) on Thursday announced the successful completion of its multi-pronged acquisition involving equity participation in U.S.-based Agenus Inc. and the takeover of two advanced biologics manufacturing facilities in California, marking a significant expansion of its global biologics footprint.The transaction includes the acquisition of biologics manufacturing facilities located in Emeryville and Berkeley, California, along with a strategic equity investment in Agenus Inc. Through its wholly owned subsidiary, Zynext Ventures USA LLC, Zydus has acquired 2,133,333 equity shares of Agenus Inc., representing a 5.9 percent stake on a fully diluted basis.Entry...

Shimla, January 15, 2026: SJVN Limited on Thursday announced the inauguration of its 70 MW Dhubri Solar Power Project in Assam, a milestone that marks both the first large-scale solar project in the state and the company’s first operational project in the North Eastern region.The project was inaugurated by Assam Chief Minister Himanta Biswa Sarma in the presence of senior state officials and SJVN leadership, underlining the growing focus on renewable energy deployment in the region.Project Details and Investment The Dhubri solar project has been developed through SJVN Green Energy Limited on 330 acres of land provided by Assam Power Distribution Company Limited on a 28-year lease at Village Khudigaon Pt-II in Dhubri district. The...

Funding Led by Stellaris and Orios to Support Multi-City Growth Strategy Mumbai-based proptech platform Truva has secured USD 9 million, equivalent to about Rs 78 crore, in a fresh funding round led by Stellaris Venture Partners and Orios Venture Partners.The company said the newly raised capital will be deployed to strengthen its presence in Mumbai while supporting expansion into new metropolitan markets such as Delhi-NCR and Bengaluru.Mix of Equity and Venture Debt The funding round includes USD 7.3 million, or around Rs 61 crore, raised through equity, along with USD 1.7 million, or approximately Rs 17 crore, in venture debt from Stride Ventures.In addition to institutional investors, the round also saw participation from...

OYO CEO Recalls PM Modi’s Deep Focus on Tourism and Entrepreneurial Mindset Jan 15, New Delhi: Ritesh Aggarwal, Founder and CEO of OYO Rooms, has described Prime Minister Narendra Modi as a “Startup Prime Minister,” recalling a detailed and focused interaction on travel and tourism.Aggarwal said he met the Prime Minister around two years ago to discuss opportunities in tourism and travel. The meeting was scheduled for about 15 minutes, began slightly ahead of time, and extended beyond the slot, with the discussion continuing seamlessly for nearly 15 to 20 minutes.Intense Engagement on Travel and Tourism According to Aggarwal, the Prime Minister demonstrated an intense focus on the subject throughout the interaction. He said it felt...

Bengaluru, January 15, 2026: Infosys Limited has completed the merger of its two wholly owned step-down subsidiaries in Romania, consolidating operations under a single entity as part of its overseas organisational streamlining.The merger brings together In-tech Engineering Services S.R.L., Romania and ProIT S.R.L., Romania, with the combined entity now operating under the name In-tech Engineering S.R.L. The transaction was completed on January 8, 2026, with the parent company receiving formal confirmation of the completion on January 14.The consolidation is expected to enhance operational efficiency, simplify the corporate structure, and support better alignment of engineering and technology services within the group’s European...

Kolhapur, January 15, 2026 (Thursday): Menon Bearings Limited (BSE: 523828, NSE: MENONBE) said its board declared the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Key Financial Highlights (₹ lakh) Standalone Performance: Q3 FY26 vs Q3 FY25 (YoY)Particulars Q3 FY26 (Dec 2025) Q3 FY25 (Dec 2024) YoY ChangeTotal Revenue 5,778.41 3,995.54 44.62%EBITDA 1,244.53 742.45 67.62%PBT 1,057.54 551.97 91.60%PAT 783.54 415.98 88.36%EPS (₹) 1.40 0.74Standalone Performance: Q3 FY26 vs Q2 FY26 (QoQ)Particulars Q3 FY26 (Dec 2025) Q2 FY26 (Sep 2025) QoQ...

Mumbai, Thursday, January 15, 2026 – Cipla Limited (BSE: 500087 | NSE: CIPLA) said that the supply of Lanreotide Injection, one of its top three products in the US market, will remain temporarily constrained due to a production pause at its overseas manufacturing partner’s facility. The company expects supplies to resume in the first half of FY 2026–27.Lanreotide Supply Update Lanreotide Injection for the US market is manufactured by Pharmathen International S.A., which is the exclusive supplier for Cipla’s US subsidiary. Following a recent inspection at the partner’s Rodopi, Greece manufacturing facility, production has been temporarily paused to support ongoing remediation efforts.Cipla said that until manufacturing operations...

Mumbai, January 15, 2026: Bennett Coleman & Company Limited has initiated an internal reorganisation aimed at sharpening strategic focus across its diversified businesses, with select entities, assets and undertakings proposed to be transferred to a newly incorporated group company, Times Horizon Private Limited.The proposed restructuring involves the demerger of certain entities, businesses, undertakings, assets and liabilities, collectively referred to as the EIBME Business, from BCCL into Times Horizon on a going concern basis. The exercise also includes a series of interconnected steps designed to realign the group’s operating structure.Strategic Rationale The reorganisation is intended to enable BCCL to reorient its portfolio...

New Delhi, January 15: US-based investment firm Elliott Investment Management, along with its affiliated entities, has proposed to acquire a minority equity stake in Toyota Industries Corporation through open market transactions on Japanese stock exchanges.Transaction Overview The proposed transaction involves the acquisition of a portion of equity shareholding and corresponding voting rights in Toyota Industries Corporation by a consortium comprising Elliott Associates L.P., Elliott International L.P., and The Liverpool Limited Partnership. The purchases are expected to be executed through one or more on-market transactions on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange.The...

Mumbai, January 15 Central Bank of India is set to marginally raise its ownership in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited through the acquisition of additional minority equity stakes, strengthening its long-term association with the insurance businesses.Transaction Overview The proposed transaction involves Central Bank of India acquiring an additional 1.09 percent equity stake in Generali Central Insurance Company Limited and 0.82 percent equity stake in Generali Central Life Insurance Company Limited.At present, the bank holds 24.91 percent in Generali Central Insurance and 25.18 percent in Generali Central Life Insurance. Following the completion of the proposed...

Board Approval Secured for QIP Issue Public sector lender Indian Overseas Bank has confirmed plans to approach the capital markets to raise ₹4,000 crore during the current quarter. The proposed fundraise has already received approval from the bank’s Board and is scheduled within the ongoing financial year.Managing Director and Chief Executive Officer Ajay Kumar Srivastava said the bank has completed all necessary internal approvals and is now preparing to tap the markets.Fundraising Likely Through Qualified Institutional Placement The capital raising will be carried out through Qualified Institutional Placement. The timing of the issue will depend on prevailing market conditions, with the bank indicating that the transaction could...

Mumbai, January 14, 2026: Tata Consultancy Services Limited (TCS) on Wednesday announced the completion of its acquisition of US-based Coastal Cloud Holdings, LLC, marking a strategic move to deepen its presence in advisory-led digital transformation and artificial intelligence-led enterprise services.The transaction, which was concluded on January 14, 2026, results in TCS acquiring 100 percent equity ownership of Coastal Cloud along with its subsidiaries. Coastal Cloud operates in advisory, AI services, IT services, and IT-enabled services, with a strong focus on Salesforce-driven digital transformation for global enterprises.Deal Structure and Completion The acquisition was executed through a two-step structure. An indirect...

Mumbai, January 14, 2026: Mahindra & Mahindra Limited announced a strong market response to its latest SUV launches, with the XEV 9S and XUV 7XO together clocking 93,689 consolidated bookings as of 2.00 pm on January 14, 2026. The cumulative bookings translate into a booking value of over ₹20,500 crore, calculated at ex-showroom prices.The milestone follows the recent launch of the electric-origin XEV 9S and the new-generation XUV 7XO, underscoring robust customer interest across electric, diesel, and petrol powertrain options in the authentic SUV segment. The company highlighted that the two models cater to distinct usage needs and evolving consumer preferences, further reinforcing its position in India’s SUV market.Delivery...

Bengaluru, January 14, 2026 – Ola Electric Mobility Limited today announced a major expansion of its in-house 4680 Bharat Cell platform, positioning it as a broader new energy ecosystem that extends beyond electric mobility into residential storage and advanced industrial applications.The company unveiled the expansion at Prarambh 2026, opening up the 4680 Bharat Cell and its modular 1.5kWh battery packs for direct purchase by businesses and startups. The move allows applications across electric vehicles, drones, humanoids and portable medical equipment, enabling faster innovation using domestically designed and manufactured energy storage solutions.Entry Into Residential Energy Storage As part of the platform expansion, Ola...

New Delhi, January 14, 2026: RailTel Corporation of India Limited (NSE: RAILTEL | BSE: 543265) has secured a major domestic services contract valued at Rs 15.99 crore from the Food Safety and Standards Authority of India, strengthening its order book in the government digital infrastructure segment. The order pertains to cloud services and has been awarded by a domestic government entity. The work order was received on January 13, 2026, at 15:28 IST, and the contract execution period extends up to January 5, 2029. The engagement is not linked to any related party transaction, and the promoter or promoter group has no interest in the awarding entity. Key Order DetailsParticularsDetailsAwarding AuthorityFood Safety and Standards...

Mumbai, January 14, 2026: Tata Consultancy Services announced a strategic collaboration with semiconductor major AMD to accelerate enterprise adoption of artificial intelligence at scale, spanning generative AI, hybrid cloud modernisation and high-performance computing deployments.The partnership is aimed at helping enterprises move AI initiatives from pilot stages to full-scale production, while modernising legacy technology environments and building secure, high-performance digital workplaces. The two companies will jointly develop industry-specific AI and GenAI solutions by combining TCS’ domain expertise, systems integration strengths and global innovation ecosystem with AMD’s computing and AI product portfolio.Under the...

Thrissur, January 14, 2026 – Kalyan Jewellers India Limited (NSE: KALYANKJIL, BSE: 543278) has announced the appointment of Ms. Radhika Ramani and Mr. C. R. Rajagopal as Additional Directors in the capacity of Non-Executive Independent Directors, effective January 14, 2026.The appointments mark a significant step in the company’s ongoing efforts to deepen board expertise, enhance independent oversight, and strengthen long-term governance practices. Both directors have been appointed for a term of five consecutive years, extending up to January 13, 2031.Board Expansion Aligned with Governance Priorities The company stated that the induction of the two independent directors aligns with its broader focus on robust corporate governance...

Pune, January 14, 2026: Bajaj Auto Limited informed investors that its step-down subsidiary, Bajaj Mobility AG, has continued with a comprehensive restructuring programme, even as the European motorcycle group closed calendar year 2025 with consolidated revenue of just over EUR 1 billion amid a sharp industry reset.Bajaj Mobility AG, formerly known as PIERER Mobility AG and the holding company of the KTM Group, said the restructuring measures are aimed at strengthening long-term competitiveness through cost rationalisation, simplification of operations, and sharper focus on core motorcycle brands.2025 Financial and Sales Performance For the financial year ended 2025, Bajaj Mobility reported consolidated revenue of slightly above EUR...

Mumbai, January 14, 2026 Tata Chemicals Limited (BSE: 500770, NSE: TATACHEM) on Tuesday announced a series of senior management changes, marking a planned leadership transition across key commercial, safety, sustainability, and strategy functions. The changes are part of an internal succession plan and will come into effect in phases between February and April 2026. Key Leadership Transitions Mr. K. R. Venkatadri, currently serving as Chief Commercial Officer, will retire from the company on March 31, 2026, upon attaining superannuation, in line with the company’s retirement policy. His exit concludes a long tenure overseeing Tata Chemicals’ commercial operations. Mr. Alok Chandra, who currently heads the Health, Safety and Environment...

Meeting Highlights India France Strategic Partnership Diplomatic Advisor to French President Emmanuel Macron, Emmanuel Bonne, called on Prime Minister Narendra Modi in New Delhi on January 14.Focus on Expanding Bilateral Cooperation Following the meeting, Prime Minister Modi said the discussion reaffirmed the strong and trusted India France Strategic Partnership, highlighting close cooperation across multiple domains. He noted that collaboration between the two countries continues to deepen and is expanding into areas such as innovation, technology and education.India France Year of Innovation in Spotlight The Prime Minister said it was encouraging to see growing engagement in innovation driven initiatives, particularly as both...