Rosmerta Digital Services Ltd has filed a lawsuit against Ola Electric, alleging default on a payment of around ₹18-20 crore. Ola Electric Mobility has refuted the claims, stating that it will take necessary steps to protect its interests.
Blackstone is set to acquire a 40% stake in Kolte-Patil Developers for Rs 1,150 crore. The investment firm will acquire a 14.3% stake through a preferential issue and another 25.7% stake from the promoters. Blackstone will also launch an open offer to acquire an additional 26% stake.
The Reserve Bank of India has reassured depositors about IndusInd Bank’s stability amid reports of a discrepancy in accounting. The RBI has directed the bank’s board to complete remedial action in the current quarter.
ideaForge plans to increase its R&D spending in the UAV sector to drive innovation. Infosys subsidiary McCamish Systems has settled class-action lawsuits related to a cyber incident for $17.5 million.
Ajay Singh, Chairman of SpiceJet, has sold a stake in the airline through block deals. KPIT Technologies has announced Qualcom Ventures as a third shareholder in its JV, Qorix GmbH.
Shilpa Medicare’s subsidiary, Shilpa Pharma Lifesciences, recently underwent a USFDA inspection with zero observations. Tejas Networks has received Rs 123.45 crore under the PLI Scheme.
Brigade Enterprises aims for Rs 2,700 crore revenue from its new housing project in Bengaluru. Angel One has appointed Rohit Chatter as chief data officer to drive AI-driven innovation.
Patanjali Ayurved and DS Group will acquire Magma General Insurance at a valuation of Rs 4,500 crore. TCS has appointed Sudeep Kunnumal as its new CHRO, replacing Milind Lakkad.
Sun Pharma and Zydus Pharmaceuticals are recalling products in the US market due to manufacturing issues. JB Chemicals & Pharmaceuticals’ API facility in Gujarat cleared a USFDA inspection without observations.
Wipro has realigned its Global Business Lines to focus on AI, cloud computing, and digital transformation. Dalmia Cement has begun commercial production at its expanded cement grinding capacity in Assam.
Overall, these developments highlight the dynamic landscape of various industries and the initiatives being taken by companies to drive growth and innovation.
