1 / 10Reliance Industries | RIL has acquired a 74% equity stake in Navi Mumbai IIA Private Limited for ₹1,628 crore. The remaining 26% stake will continue to be held by CIDCO (City and Industrial Development Corporation of Maharashtra). With this acquisition, Navi Mumbai IIA becomes a subsidiary of Reliance Industries.
2 / 10Biocon | EMA’s CHMP (Committee for Medicinal Products for Human Use) recommended the approval of the pharma company’s biosimilar YESINTEK. This paves the way for Biocon to expand its footprint in Europe, with YESINTEK addressing crucial medical needs.
3 / 10Aurobindo Pharma | Aurobindo Pharma’s subsidiary CuraTeQ Biologics received a positive opinion from EMA for its biosimilar Zefylti, used to treat neutropenia and mobilise peripheral progenitor cells (PBPCs).
4 / 10Bharat Forge | Bharat Forge’s wholly-owned subsidiary, Kalyani Strategic Systems, has acquired a 25% equity stake in Edgelab S.p.A for €2.5 million. This investment aligns with Bharat Forge’s strategic focus on enhancing its capabilities in high-tech defence and aerospace manufacturing.
5 / 10Lupin | Lupin Limited has announced the acquisition of three anti-diabetes trademarks—GIBTULIO, GIBTULIO MET, and AJADUO—from Boehringer Ingelheim. This move will help strengthen Lupin’s diabetes care portfolio in India. The company expects to secure full rights to these trademarks by March 2024.
6 / 10Aeroflex Industries | The flexible flow solutions has announced plans to raise up to ₹400 crore through a Qualified Institutional Placement (QIP). The company will use the capital to fund expansion plans and strengthen its financial position. Shareholders will vote on the proposal during the EGM scheduled for January 15, 2024.
7 / 10Afcons Infrastructure | The company secured a significant contract from MP Metro Rail Corporation for a ₹1,007 crore metro rail project.
8 / 10HBL Power Systems | The company has received an order worth ₹1,522.4 crore from Chittaranjan Locomotive Works for the supply, installation, and commissioning of Train Collision Avoidance Systems (TCAS). The project covers 2,200 locomotives and is to be completed within 12 months of the purchase order.
9 / 10RITES | The Navratna company has bagged a project implementation service order from the Ministry of External Affairs for constructing an Integrated Check Post. The ₹297.67 crore project will be completed over 59 months, strengthening India’s border infrastructure.
10 / 1063 Moons Technologies | The company has approved a one-time settlement of ₹1,950 crore proposed by the National Spot Exchange Limited (NSEL) Investors Forum.
