 "Revolutionizing Vision: India’s First Eye Drops for Presbyopia Approved!")
Entod Pharmaceuticals has received approval from the Drug Controller General of India to launch PresVu eye drops, a treatment for presbyopia, which commonly affects people over 40. This innovative eye drop aims to reduce reliance on reading glasses and will be available in India starting in October. The company, led by CEO Nikkhil K Masurkar, ...
 "Stanlow Refinery’s .2 Billion Ambition: A Leap Towards Carbon Neutrality")
EET Fuels, which operates the Stanlow oil refinery in the UK, has appointed Toyo Engineering India Pvt Ltd to lead the front-end engineering design study for a major carbon capture project. With a $1.2 billion investment planned over the next five years, EET Fuels aims to reduce emissions by 95 percent by 2030 through carbon ...
 "India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved")
The Indian Defence Ministry has approved significant acquisitions to modernize the Army’s capabilities, including the procurement of future-ready combat vehicles (FRCVs) and air defence fire control radars. In a meeting chaired by Defence Minister Rajnath Singh, the Defence Acquisition Council cleared ten proposals totaling Rs 1,44,716 crore, with 99 percent sourced from indigenous manufacturers. The ...
 "Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market")
Japanese automakers Toyota and Maruti Suzuki are aggressively promoting hybrid vehicles in Uttar Pradesh, India, following recent tax waivers that make hybrids more attractive for buyers. While hybrids are taxed at 43 percent, just below the 48 percent for gasoline cars, these waivers can lead to significant savings, such as $15,800 on a luxury Toyota ...
 "BPCL and ONGC Ignite Talks for Ambitious New Refinery Project")
Bharat Petroleum Corp (BPCL) and Oil and Natural Gas Corp (ONGC) are in the early stages of discussions about potentially building a new refinery together, according to sources familiar with the matter. While both companies have chosen not to comment publicly on these talks, BPCL’s chairman recently shared plans to expand its refining and petrochemical ...
 "OfBusiness Aims for Billion IPO Amid India’s Booming Market")
OfBusiness, a SoftBank-backed Indian online platform that supplies raw materials to businesses, is planning an initial public offering (IPO) worth up to $1 billion. The company is in talks with major banks, including Bank of America and JP Morgan, aiming for a listing on Indian stock exchanges in the second half of 2025. The IPO ...
 "SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion")
Sumitomo Mitsui Financial Group (SMFG) India Credit is on track to increase its assets under management (AUM) to Rs 60,000 crore by the end of the financial year 2024-25, up from Rs 45,000 crore last year. The company has recently expanded its branch network, adding 300 new branches mostly in Tier 2 cities and rural ...
 "Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson")
Congress party has raised concerns regarding the retirement benefits received by Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), from ICICI Bank. During a press conference, Congress highlighted that the payments Buch received post-retirement were more than her regular salary while she was employed at the bank. They questioned ...
 "Zee’s Chandra Accused of Corruption as Regulatory Battle Escalates Dramatically")
Subhash Chandra, the chairman emeritus of Zee Entertainment, is facing legal challenges from the Securities and Exchange Board of India (Sebi) regarding allegations of fund diversion. A recent hearing at the Securities Appellate Tribunal (SAT) was postponed, with Chandra’s legal team requesting more time amidst objections from Sebi’s counsel. Chandra has publicly criticized Sebi’s chairperson, ...
 "Cafe Coffee Day Struggles: Outlets Shrink While Vending Machines Surge")
Cafe Coffee Day (CCD) is experiencing a decline in its cafe outlets, dropping to 450 in FY24 from 469 in the previous year, and its presence has reduced to 141 cities, compared to 154 the year before. However, the company has seen significant growth in its vending machine operations, which rose to 52,581. Despite the ...
