Rosmerta Digital Services Ltd, a maker of high security number plates and a vehicle registration agency, has taken Ola Electric to court for defaulting on a payment of approximately ₹18-20 crore. The company has sought appropriate legal advice and it strongly disputes the claims made, Ola Electric Mobility said, adding it would “take all necessary and appropriate steps to protect its interests and object to the allegations in the aforesaid matter”.
Global investment firm Blackstone will acquire a 40 per cent stake in Pune-based realty firm Kolte-Patil Developers Ltd for Rs 1,150 crore. The investment firm will acquire a 14.3 per cent stake for Rs 417 crore through a preferential issue of equity shares and another 25.7 per cent stake from the promoters group for Rs 750 crore, according to an exchange filing. Blackstone will launch an open offer to acquire an additional up to 26 per cent stake in the Kolte-Patil Developers Ltd.
The Reserve Bank of India (RBI) on Saturday said there is no need for depositors to react to “speculative reports” about IndusInd Bank (IIB) at this juncture. IIB’s financial health remains stable and is being monitored closely by Reserve Bank, per a central bank statement. The RBI has also asked IndusInd Bank’s board to complete remedial action during the current quarter amid disclosure of a whopping Rs 2,100 crore discrepancy in accounting announced by the bank. Earlier this week, IndusInd Bank disclosed a discrepancy in accounting with an estimated impact of 2.35 per cent of the bank’s net worth.
ideaForge is planning higher R&D spend this fiscal year, as it develops technology and product platforms in the unmanned aerial vehicle (UAV) space. With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said in an exchange filing.
Infosys informed the exchanges that its subsidiary McCamish Systems has reached an agreement to settle six class-action lawsuits in the U.S. related to a cyber incident from November 2023. The settlement, valued at $17.5 million, was reached after mediation on March 13, it said.
Ajay Singh, Chairman and Managing Director of SpiceJet sold about 0.89 per cent stake in the airline through block deals on Thursday, According to BSE bulk deal data, Singh sold 1.15 crore shares at an average price of ₹45.34.
KPIT Technologies Ltd has informed the exchanges that Qualcom Ventures LLC, will be the third shareholder in Qorix GmbH, the Joint Venture company of KPIT Tech. Qualcomm will have the option to increase its shareholding up to €10 million, the exchange filing said. Qorix GmbH, a JV, was formed between KPIT Technologies and ZF Friedrichshafen AG (ZF) to focus on creating world-class automotive middleware stack.
Shilpa Medicare has informed the exchanges that the United States Food and Drug Administration (USFDA) conducted an inspection at Unit-2 of its subsidiary, Shilpa Pharma Lifesciences, located in Raichur, with zero observations. The inspection, conducted from March 10 to 14, concluded without the issuance of any Form 483.
Tejas Networks has received Rs 123.45 crore from the Ministry of Communications as incentive under the PLI Scheme for FY 2023-24.
Brigade Enterprises targets Rs 2,700 crore revenue from its new housing project in Bengaluru. In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project ‘Brigade Eternia’ in Yelahanka, Bengaluru. The project, spread over 14.65 acres, will have 1,124 residential units with a total built-up area of about 20 lakh square feet. “The project has a revenue potential of over Rs 2,700 crores,” Brigade said.
Angel One on Saturday said it has appointed Rohit Chatter as chief data officer, strengthening the firm’s commitment to AI-driven innovation and customer-centric financial solutions. “Rohit’s expertise will play a pivotal role in accelerating Angel One’s data-led transformation, strengthen its digital-first approach and enhance t
Ramdev-led Patanjali Ayurved and Rajnigandha maker Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance at a valuation of Rs 4,500 crore from Sanoti Properties LLP, a company statement said on Thursday. Magma General Insurance is jointly held by Adar Poonawalla and Rising Sun Holdings.
Tata Consultancy Services Ltd (TCS) has appointed Sudeep Kunnumal as its chief human resources officer (CHRO) replacing Milind Lakkad, who retires this year. Kunnumal will take over as CHRO-designate from March 15. TCS has not announced when he will eventually take over as the CHRO.
Sun Pharma and Zydus Pharmaceuticals are recalling products in the US market due to manufacturing issues, according to the US Food and Drug Administration (USFDA). The New Jersey-based Sun Pharmaceutical Industries, Inc is recalling 9,840 bottles of Morphine Sulfate extended-release tablets for “Failed Dissolution Specifications”, the US health regulator stated in its latest Enforcement Report. The company initiated the Class II nationwide (US) recall on February 6, 2025.
JB Chemicals & Pharmaceuticals has announced that its API (Active Pharmaceutical Ingredient) manufacturing facility (D9) in Panoli, Gujarat, successfully cleared a US Food and Drug Administration (USFDA) inspection without any observations.
Wipro has announced realignment within its Global Business Lines (GBLs) to better align with the changing needs of clients and to capitalise on opportunities in artificial intelligence (AI), cloud computing, and digital transformation. The Bengaluru-headquartered IT firm will now have four GBLs, organised around client-buying behaviour. These will be Technology Services, Business Process Services, Consulting Services, and Engineering, the company said in a regulatory filing. The changes will be effective from April 1, 2025.
Dalmia Cement (North East) Ltd, material subsidiary of Dalmia Bharat, has commenced commercial production at its newly expanded 2.4 million tonnes per annum (MTPA) cement grinding capacity in Lanka, Hojai district, Assam.
