Newgen Software Technologies Limited has announced two significant contract wins — one in Europe and another in India — that further strengthen its global presence and domestic footprint in digital transformation solutions. €4.22 Million Master Service Agreement in Europe Through its wholly owned UK subsidiary, Newgen signed a…
Glenmark Pharmaceuticals, through its Swiss subsidiary Glenmark Specialty SA, has entered into an exclusive licensing agreement with China’s Hengrui Pharma for Trastuzumab Rezetecan, an advanced antibody drug conjugate (ADC) for cancer therapy. Under the terms of the deal, Glenmark will pay an upfront fee of $18 million, while…
Glenmark Pharma Signs Licensing Deal with Hengrui Pharma Glenmark Pharmaceuticals’ subsidiary, Glenmark Specialty, has entered into an exclusive licensing agreement with Hengrui Pharma for Trastuzumab Rezetecan (SHR-A1811), a HER2-targeting antibody drug conjugate. Newgen Software Bags €4.22 Million TCS Deal Newgen Software Technologies’ subsidiary has signed a five-year Master…
Swiggy Ltd has announced that its board has approved the sale and transfer of its quick-commerce business, Instamart, to an indirect step-down wholly-owned subsidiary, Swiggy Instamart Pvt Ltd, through a slump sale. Key Details of the Transaction The transaction covers Instamart’s assets, liabilities, employees, intellectual property, and contracts,…
Bajaj Electricals Ltd (BEL) has approved a plan to acquire the Morphy Richards brand and associated intellectual property rights from Ireland’s Glen Electric, part of the Glen Dimplex Group, for ₹146 crore. The acquisition covers rights in India, Nepal, Bhutan, Bangladesh, Maldives, and Sri Lanka, giving BEL full…
Shankara Building Products Limited (SBPL) has announced the successful demerger of its trading business into Shankara Buildpro Limited (SBL), following approval by the National Company Law Tribunal (NCLT), Bengaluru Bench, on August 21, 2025. Demerger Structure SBPL’s Trading Business Undertaking has been transferred to SBL. Shareholders of SBPL…
Chalet Hotels Limited, a leading hospitality company, has successfully raised ₹100 crore through the private placement of commercial papers (CPs). The issuance, approved by the company’s Finance Committee on September 23, 2025, highlights Chalet’s ability to secure short-term funding at competitive rates to support its working capital and…
Bengaluru-based Sonata Software [NSE: SONATSOFTW, BSE: 532221], a leading AI-led modernization engineering company, has been awarded the 2025–2026 Microsoft AI Business Solutions Inner Circle Award. This marks the fifth time the company has received this recognition, underscoring its deep and sustained partnership with Microsoft. About the Inner Circle…
HCL Technologies (HCLTech), a leading global technology services company, has renewed and significantly expanded its long-term partnership with one of the world’s largest commercial vehicle manufacturers headquartered in Gothenburg, Sweden. The multi-year engagement reinforces HCLTech’s growing role in driving large-scale digital transformation across the global automotive sector. Strengthening…
Muthoot Microfin Limited, one of India’s leading microfinance institutions, has successfully mobilized ₹50 crore through the private placement of non-convertible debentures (NCDs). The issue reflects the company’s continued ability to attract institutional investors while diversifying its funding mix to support growth in the microfinance sector. Key Terms of…
