RateGain Travel Technologies’ (RateGain) airline pricing solution, AirGain, has entered into partnership with Hahnair, a renowned German airline known for its comprehensive ticketing solutions and distribution services. This collaboration is set to power Hahnair's airline distribution landscape by integrating AirGain’s cutting-edge pricing intelligence technology with 100 Hahnair partners using the products H1-Air and X1-Air.
Alkem Laboratories has incorporated wholly owned subsidiary (WOS) of the company in the name of ‘Alixer Nexgen Therapeutics’. The company has incorporated WOS on July 12, 2024. Alixer Nexgen Therapeutics has been incorporated to conduct research, studies, innovation work and develop novel medicines and treatments in key therapeutic areas and to establish global collaborations.
Lupin has divested its U.S. Commercial Women’s Health Specialty Business to Evofem Biosciences, Inc. (OTCQB: EVFM) (Evofem), a U.S. biopharmaceutical company focused exclusively on Women’s Health. Lupin’s U.S. Commercial Women’s Health Specialty Business is primarily focused on commercializing SOLOSEC (secnidazole) 2g oral granules. This FDA-approved single-dose antimicrobial agent provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sexual health infections. Under the terms of the deal, Lupin can receive a potential total consideration of up to $84 million based on future contingent milestones.
JNK India has received an order from JNK Global, Korea on July 15, 2024 for Regeneration Furnace for a refinery project in Oklahoma, USA. The order is to be executed within June 18, 2025. With this order the Company creates a footprint in USA.
Century Textiles & Industries’ wholly owned subsidiary -- Birla Estates is all set to expand its footprint in NCR region with a strategic land acquisition in Sector 71, Gurugram. This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over Rs 1400 plus crore with aesthetically designed residences. Redefining the Gurugram skyline, the luxury high-rise residential towers will be complemented by elegantly designed clubhouse amenities and landscape. Situated on Southern Peripheral Road (SPR) Road in Sector 71, this prime location offers exceptional connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road along with proximity to top educational institutions, hospitals, as well as F&B, retail, and commercial centers.
Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Recently, Swiggy had also increased the platform fee in select cities. The two companies had introduced platform fees last year, initially at Rs 2 per order, which has been increased gradually. Platform fee is treated as one of the ways in which food-delivery platforms are trying to increase their profitability, with a duopoly in place as Zomato and Swiggy are the key players in the segment.
HDFC Asset Management Company has reported 26.47% rise in consolidated net profit at Rs 603.76 crore for Q1FY25 as compared to Rs 477.41 crore for the same quarter in the previous year. Total income of the company increased by 29.49% at Rs 948.71 crore for Q1FY25 as compared to Rs 732.64 crore for the corresponding quarter previous year.
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