ICICI Bank Board Approves $5 Billion Offshore Borrowing Limit for Debt Issuance
The Board of Directors of ICICI Bank has approved a revised borrowing limit of up to USD 5.00 billion. The capital will be raised through the issuance of bonds, notes, or offshore Certificate of Deposits in international markets to strengthen the bank's liquidity profile and support global operations.
Data Patterns Bags ₹585.76 Crore Radar Electronics Order from Bharat Electronics
Data Patterns (India) Limited has secured a significant contract worth ₹585.76 crore from Bharat Electronics Limited for the supply of radar electronics. This domestic order marks a key conversion of previously negotiated contracts into formal receipts, strengthening the company's position in the aerospace and defense sector.
Tube Investments Acquires 2.69 Percent Additional Stake in Shanthi Gears for ₹77.49 Crore
Tube Investments of India has increased its controlling interest in Shanthi Gears Limited through a ₹77.49 crore block deal acquisition. This strategic move strengthens the parent company's position in the precision engineering and gear manufacturing segment by raising its total stake to 73.16%.
Glenmark Pharma Launches Calcium Gluconate Injection in US Market Worth $69.9 Million
Glenmark Pharmaceuticals Inc., USA has introduced Calcium Gluconate Injection USP in multiple dosage presentations for the United States market. This launch aims to strengthen the company's presence in the U.S. hospital sector by providing bioequivalent therapeutic alternatives to existing critical care medications.
Lupin Subsidiary VISUfarma Signs ₹832 Cr Licensing Deal with Visus for YUVEZZI in Europe
Lupin Limited's wholly owned subsidiary, VISUfarma B.V., has secured exclusive commercialization rights for YUVEZZI, an innovative eye drop for presbyopia, across Europe and the UK. The agreement with Visus Therapeutics involves a total potential consideration of 75 million euros plus tiered royalties.
Vipul Organics Commences Production at Sayakha Plant; Capacity to Reach 3,600 TPA
Vipul Organics Limited has transitioned its greenfield manufacturing hub in Sayakha, Gujarat, from construction to commercial operations. The milestone involves consolidating pigment manufacturing from its Tarapur facility to this modern integrated base to enhance operational efficiency.
Unicommerce eSolutions Expands Urban Company Partnership to UAE and Saudi Arabia
Unicommerce eSolutions has expanded its existing technology partnership with Urban Company to support the latter's operations in the Middle East. The collaboration will utilize the Uniware SaaS platform to manage inventory and fulfillment across Saudi Arabia and the United Arab Emirates.
Aditya Birla Capital Enters Gold Loan Segment; Plans 1,000 New Branches in Three Years
Aditya Birla Capital Limited has announced its strategic entry into the gold loan market to diversify its secured lending portfolio. The company intends to establish a pan-India network of 1,000 dedicated branches over the next three years to capture growth in the retail credit segment.
Blue Cloud Softech Signs Strategic MoA for Pan-African Digital Infrastructure Development
Blue Cloud Softech Solutions has signed a five-year strategic Memorandum of Agreement with GCIB and Afro Mobile SARL to develop telecommunications and digital infrastructure across Africa. The partnership positions the company as the Lead Technology Partner for large-scale projects ranging from 5G networks to submarine cables.