Lemon Tree Hotels, Morepen Laboratories and Shilpa Medicare to see some action today

Lemon Tree Hotels has signed a new property -- Keys Select by Lemon Tree Hotels in Bokaro. The property shall be managed by Carnation Hotels, a wholly-owned subsidiary of Lemon Tree Hotels, and will open in FY27. Keys Select by Lemon Tree Hotels, Bokaro will feature 50 well-appointed rooms, a restaurant, Banquets, meeting rooms, a rooftop bar, a fitness center, a swimming pool and other public areas. Birsa Munda Airport in Ranchi, the nearest airport, is approximately 117 kms from the property.

Morepen Laboratories has launched Empamore, a game-changing treatment for Type 2 Diabetes Mellitus (T2DM), Heart Failure with Reduced Ejection Fraction (HFrEF), and Chronic Kidney Disease (CKD). With India being the diabetes capital of the world and over 101 million people suffering from the disease, Empamore is poised to make a significant impact by offering high-quality treatment at an affordable price point, empowering millions of Indians to take control of their health.

mAbTree Biologics AG has signed an exclusive co-development and commercialization partnership with Shilpa Biologicals, a fully owned subsidiary of Shilpa Medicare, for its novel biologic asset (a checkpoint inhibitor) for immune-oncological applications. Under the terms of the strategic agreement, Shilpa Biologicals will support both development including clinical studies as well as long-term commercial supply with GMP manufacturing. Additionally, Shilpa Group will provide mAbTree access to India and several global markets through its extensive partner network.

Trishakti Industries has partnered with MYCRANE, a global leader in digital crane rental solutions. This move underscores Trishakti Industries’ dedication to driving innovation and efficiency in the infrastructure equipment rental sector. By leveraging Mycranes' cutting-edge digital platform, the company aims to optimize equipment rental operations, boost fleet utilization, and expand its market presence. Through this, Trishakti Industries will leverage Mycranes’ advanced digital platform to streamline equipment rental operations, enhance fleet utilization, and expand market reach.

JM Financial has received approval from Board of Directors to enter into Business Transfer Agreement (BTA) with JM Financial Services (JMFSL), a wholly-owned subsidiary of the Company for transfer of the Private Wealth business of the Company through the slump sale on a going concern basis. The business transfer would become effective from April 1, 2025. The Board of Directors of the company at its meeting held on March 17, 2025 has approved the same. 

NBCC (India) has secured a work order worth Rs 44.62 crore (Excluding GST) from Mahatma Gandhi Institute for Rural Industrialisation (MGIRI), Wardha. The work order is for Project Management Consultant (PMC) for the construction & development of ‘Infrastructure at MGIRI’ and ‘Hostel & VIP Guest House’ at MGIRI, Wardha to be undertaken under EPC mode.

Info Edge's (India) wholly-owned subsidiary -- Jeevansathi Internet Services has planned to invest an amount of about Rs 30 crore in its subsidiary Aisle Network, a step down subsidiary of the company.  Aisle is engaged in the business of running multiple dating platforms on the web via its mobile apps Aisle, Anbe, Arike, Neetho and Jalebi. These platforms allow users to browse through profiles of other users with the intent of finding their suitable partner. This investment is being done to meet the working capital requirements of Aisle. The said investment will be completed within 30 days from the approval of Board of Directors of the Company. The company’s arm in its meeting of the Board of Directors held on March 17, 2025, has agreed the same.