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Maruti Suzuki India vehicle production rises two-fold to 177k units in Sep

Maruti Suzuki India on Monday reported an over two-fold rise in its vehicle production at 1,77,468 units in September 2022. The company had produced a total of 81,278 units in the same month last year. "The shortage of electronic components had a minor impact on the production of vehicles during the month," Maruti Suzuki India said in a regulatory filing.

JSW Cement secures Rs 400 cr as sustainability-linked loan from MUFG Bank

JSW Cement on Monday said it has raised Rs 400 crore from MUFG Bank India as its first sustainability-linked loan. The Sajjan Jindal-led company plans to deploy the fund for capital expenditure to achieve its annual capacity target of 25 million tonne by FY25, it said in a statement.

India's largest fintech M&A deal falls through: PayU calls off BillDesk buy

The biggest merger & acquisition (M&A) deal in the Indian financial technology space has fallen through, with Prosus-backed PayU calling off the acquisition of BillDesk. The acquisition, for a total consideration of $4.7 billion, had been announced on August 31, 2021. In a statement issued on Monday, Prosus said: “Closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI).

Nykaa soars 11% after board approves 5:1 bonus share

Shares of FSN E-commerce, which operates under Nykaa brand, soared 11 per cent to Rs 1,411.80 on the BSE in Monday’s intra-day trade after the company’s board approved bonus shares in the ratio of 5:1 i.e. five bonus share for every one share held in the company. The stock now trades at its highest level since August 19. “The board approved bonus issue of equity shares in the proportion 5 fully paid-up equity share of Re 1 each for every 1 fully paid-up equity shares of Re 1 each held by the shareholders of the company as on the record date, subject to shareholders’ approval by way of postal ballot,” Nykaa said in exchange filing

Zee offers to shut down major entertainment channel for merger with Sony

To secure approval for the $10 billion merger plan, Zee Entertainment Enterprises Ltd and Sony Pictures Networks India have offered fresh concessions, which include a proposal to shut down a major entertainment channel. In a submission to the Competition Commission of India (CCI), Zee on Friday offered to shut down a major entertainment channel, that has around 20-30 per cent market share in the entertainment channel space to ease competition concerns, reported Livemint quoting two people aware of the development.

Zydus Lifesciences' generic drug for overactive bladder gets USFDA nod

Zydus Lifesciences on Monday said it has received the USFDA's final nod to market itsgeneric version of Mirabegron extended-release tablets used to treat overactive bladder, with180 days of shared generic drug exclusivity.

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