Copyright thehindubusinessline
Ola Electric has refuted allegations that its technology is based on leaked LG Chem proprietary data. The company clarified that its Bharat Cell technology is built on an advanced dry-electrode process and uses a cylindrical cell form factor, distinct from LG Energy Solution (LGES) pouch cell technology. Ola said that the fear of losing market opportunities, including a significant customer in Ola Electric, is prompting the foreign rival to attack an indigenous battery innovation. Havells India informed the exchanges that a settlement Agreement has been signed between the company and the HPL Group and its promoters. This settlement agreement resolves all pending disputes and litigation related to the use of the word/mark ‘HAVELLS’, including suits filed in various Courts, including the Delhi High Court, and various Special Leave Petitions (SLPs) filed in the Supreme Court. AIK Pipes and Polymers Limited has received an order from an AA-Class EPC contracting Firm working under the Public Health Engineering Department (PHED), Government of Rajasthan, for the supply of HDPE Pipes for the Isarda Dausa water supply project (Package-4). The order value is Rs 8.80 crore (approx). Panorama Studios International Ltd has executed a Distribution Agreement with Golden Bridge Films & Entertainment Private Ltd to exploit the theatrical Rights (on an exclusive basis) for the entire world including India in relation to the Punjabi language feature film titled “Yamla” starring Rajvir Jawanda, Navneet Dhillon, Gurpreet Gughi, Harby Sangha and others and with the story written and directed by Rakesh Mehta. Ashoka Buildcon Ltd has received a Letter of Acceptance for a railway project. The company had submitted bid for the Project “Up-gradation of existing Electric traction system from 1 x 25 kV to 2 x 25 kV along with modification of existing OHE for 160 kmph few Sections of Ajmer Division of North Western Railway” to the President of India acting through the CEE/Project/NWR, North Western Railway, Jaipur. Valiant Advanced Sciences Private Limited, a wholly owned material subsidiary of Valiant Laboratories Limited, has commenced commercial operations at its new state-of-the-art greenfield manufacturing facility located at Saykha GIDC, Bharuch, Gujarat. The commissioning of this facility represents a major milestone in strengthening backward integration, diversifying product portfolio, and establishing a presence in the speciality chemicals industry. Dev Accelerator Ltd has invested 35% in the equity share Capital of “Eezily Network Private Ltd,” a company incorporated on November 6. The Competition Commission of India (CCI) on Friday approved investment firm Blackstone’s arm’s proposal to acquire up to 80.15 per cent stake in Aadhar Housing Finance Ltd. The US-based investment firm Blackstone through its arm BCP Asia II Holdco VII Pte Ltd is acquiring 80.15 per cent stake in Aadhar Housing Finance Ltd (AHFL). The board of Swiggy has approved raising funds up to ₹10,000 crore in one or more tranches through the Qualified Institutional Placement (QIP) route or other permitted modes, as it seeks to bolster growth capital in a competitive environment. Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process, as its offer to pay the acquisition amount in two years has been found better than Vedanta’s bid to make payments in five years, a PTI report said, quoting its sources. In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of Rs 12,505 crore as net present value (NPV), in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels, and road. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process. The Centre has decided to allow the export of 1.5 million tonnes (MT) of sugar for the 2025-26 sugar season, which started in October, according to Food Minister Pralhad Joshi. The Union Food Ministry has also decided to remove 50 per cent export duty on molasses, he said in a letter dated November 7 to Karnataka Chief Minister Siddaramaiah. The export decision was communicated to the chief minister during a briefing on the steps the central government has taken to protect the interests of sugarcane farmers across the country. NBCC (India) Ltd has signed an initial agreement with Pantheon Elysee Real Estate Development LLC to develop projects in the UAE. NBCC is into project management consultancy and real estate. In a statement on Saturday, the company announced that it has signed a broad framework Memorandum of Understanding (MoU) with Pantheon Elysee Real Estate Development LLC, a prominent real estate player based in Dubai, UAE. Venus Remedies has secured new marketing authorisations for its drugs Methotrexate, Cefuroxime, and Irinotecan in Vietnam. Methotrexate is an immunosuppressant and anticancer drug; Cefuroxime is an antibiotic; and Irinotecan is a chemotherapy drug, a company statement said. These regulatory approvals bolster the company’s expanding export footprint in South Asia’s fast-growing pharmaceutical sector, taking its portfolio to 29 active product approvals in Vietnam alone, it added. Cyber fraudsters siphoned off ₹2.1 crore from Dr Reddy’s Laboratories by hacking the company’s and one of its vendors’ email communications and diverting the funds to a fraudulent account. According to sources, the Hyderabad-based company received an email from impostors claiming to be a Bengaluru-based pharma company, to whom Dr Reddy’s had to make the payment. After the payment, Dr Reddy’s learnt that it had discovered the fraud and also alerted its vendor. Published on November 10, 2025
