Business

Mumbai, January 20, 2026 – Pfizer Limited (BSE: 500680, NSE: PFIZER) has announced key changes in its senior management structure, including the appointment of a new category lead for its vaccines business and realignment of leadership roles across portfolios, effective February 1, 2026. Key Senior Management Changes Pfizer Limited has appointed Mr. Nilesh Pendse as Category Lead – Vaccines, effective February 1, 2026. With this appointment, Mr. Pendse will join the company’s senior management team.At the same time, Mr. Manikantan Seshadrinathan, currently serving as Category Lead for Hospitals and Rare Disease, will transition to another role within the broader Pfizer group. He will cease to be part of Pfizer Limited’s senior...

Overhead Electrification Work Advances Along Corridor New Delhi, January 20: Railways Minister Ashwini Vaishnaw on Monday said that the Mumbai-Ahmedabad Bullet Train project is witnessing steady progress, with the installation of Overhead Electrification masts moving ahead across the corridor.In a social media post, the minister highlighted that the advancement of electrification infrastructure marks an important milestone for India’s first high-speed rail system. He noted that the progress reflects consistent on-ground execution and is a key step towards enabling electric traction for the project.Key Step for India’s First High-Speed Rail System According to the minister, the ongoing installation of Overhead Electrification masts...

Gurugram, January 19, 2026: ACME Solar Holdings Limited (BSE: 544283, NSE: ACMESOLAR) has commissioned an additional 12 MW of wind power capacity at its ongoing wind energy project in Surendranagar district of Gujarat, taking the project’s total operational capacity to 68 MW out of the planned 100 MW. The newly commissioned capacity has been added through the company’s subsidiary, ACME Eco Clean Energy Private Limited. The 100 MW wind project is being developed in phases, with commissioning progressing steadily. The wind power project is financed by Power Finance Corporation and has been executed using ACME Solar’s in-house engineering, procurement and construction capabilities. The project deploys 4 MW wind turbine generators supplied...

New Delhi, January 19, 2026 – InterGlobe Aviation Limited (IndiGo) has received multiple directions from India’s civil aviation authority following a review of widespread operational disruptions witnessed between December 3 and December 5, 2025. The actions include financial penalties totalling ₹22.2 crore, a directive to furnish a ₹50 crore bank guarantee, and warnings issued to several senior executives.Financial Impact: Penalties and Bank Guarantee As part of the orders, IndiGo has been levied a one-time systemic penalty of ₹1.8 crore for operational non-compliances. In addition, a further penalty of ₹20.4 crore has been imposed for continued non-compliance with revised flight duty and time limitation norms over a 68-day period...

Bengaluru, January 16, 2026: Royal Orchid Hotels Limited announced the addition of a new leisure property, Regenta Place Resort, Jim Corbett, strengthening its presence in high-demand leisure destinations across North India. The upcoming resort will be developed in partnership with Vacan Hauss Realty and will operate under the company’s Regenta Place brand.The Jim Corbett property is being positioned as an upscale leisure and corporate retreat destination, catering to wildlife tourists, adventure travellers, and MICE demand. The resort will feature 50 spacious rooms, supported by a full-service restaurant and bar, a 3,500 sq ft banquet hall for conferences and social events, and wellness amenities including a spa, swimming pool, and...

Mumbai, January 16, 2026 – Delta Corp Limited (NSE: DELTACORP, BSE: 532848) has shared a comprehensive business and project update outlining near-term expansion plans in gaming and hospitality, a pause in its Dhargal integrated resort project, and progress on its proposed business demerger aimed at sharper strategic focus.New Casino Vessel Set for Goa Operations Delta Corp is in advanced stages of completing a new casino vessel that is expected to be inducted into the Mandovi River in Goa by March 2026. Commercial operations are targeted to begin in April 2026, subject to operational readiness. The addition is expected to further strengthen the company’s footprint in Goa’s live gaming ecosystem.Dhargal Integrated Resort Project Put...

Incident Occurs After Flight Returns Due to Airspace Closure Air India’s newest Airbus A350 aircraft sustained damage to its right engine at Delhi airport after ingesting a baggage container while taxiing to its parking bay. The incident involved Flight AI101, which was operating a Delhi to New York service with more than 250 passengers on board.The aircraft had returned to Delhi shortly after take-off following the unexpected closure of Iranian airspace, which disrupted its planned westbound route. The aircraft landed safely, and no injuries were reported.Engine Damage During Taxiing in Dense Fog The incident occurred while the aircraft was taxiing in dense fog conditions towards its designated parking bay. During this phase, the...

Pune, January 15, 2026: Zensar Technologies Limited has scheduled a meeting of its Board of Directors on Thursday, January 22, 2026, to consider, among other items, a proposal for the declaration of an interim dividend for the financial year 2025–26. The Board meeting will also review and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. If the interim dividend is approved, it will be paid to eligible equity shareholders whose names appear in the company’s shareholder records as of Thursday, January 29, 2026, which has been fixed as the record date. What This Means for Shareholders An interim dividend declaration would extend Zensar Technologies’ long-standing track record of...

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...