TOTAL PROMOTION CO
Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
Coca-Cola India’s bottling arm HCCH files DRHP for IPO
Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.
Succession planning: When a family breaks up, how does the business survive?
If the next generation wants to preserve the family business bot not necessarily together, here’s how they can execute the split without impacting the wealth.
'Trump has cost us': After midterm losses, MAGA asks if it's over
MAGA supporters are reflecting on the recent midterm election losses and their implications for the movement. Many are questioning Trump's role in the party's electoral failures and expressing frustration with party leaders. The elections have raised concerns about the future direction of the MAGA movement, prompting some to call for a re-evaluation of its goals. Discontent over economic issues like living costs has contributed to this disillusionment among supporters.
- Go To Page 1
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
Honasa Consumer revenue grows 36% in Q2, highest since listing
The company’s net profit rose 87% to Rs 73 crore in the second quarter of FY27, compared with Rs 39 crore in the year-ago period. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) nearly doubled to Rs 93 crore from Rs 48 crore a year earlier, while the Ebitda margin expanded to 12.7% from 8.9%.
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
Motilal Oswal Financial Services announces leadership rejig; appoints new heads across businesses
Motilal Oswal Financial Services announced major leadership changes across alternatives, retail broking and private wealth businesses. The reshuffle coincides with strong Q2 performance, with operating PAT rising 29% year-on-year to Rs 718 crore.
Zee draws line between CBI probe against Subhash Chandra and its business
Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities.
Uttar Pradesh to launch state Quantum Mission, steps up push for AI and robotics
The state of Uttar Pradesh is gearing up to launch a transformative Quantum Mission, poised to bolster its technology framework. By focusing on quantum technology within a broader digital transformation agenda, the initiative aims to ignite innovation. At the ETGovernment AI Vision Conclave, leading industry figures explored the adoption of AI, investment avenues, and workforce readiness.
Out of Europe? India's steel MSMEs battle data gaps, rising cost and EU's carbon wall
Smaller Indian steel exporters say they are struggling to obtain emissions data from raw-material suppliers and bear the cost of carbon accounting and verification under the EU’s carbon border rules.
Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agencies
Iran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network functions despite ongoing US naval blockades and sanctions since the war began. Extensive investigations reveal significant transactions and military logistics supporting their activities. The secretive agencies have been linked to the Islamic Revolutionary Guard Corps and elite controlled businesses.
India's pharma exports rise 4.9% to USD 16.14 bn in H1; shipments to Europe up nearly 10%: Pharmexcil
India's pharmaceutical exports increased nearly 5 percent, reaching USD 16.13 billion in the first half of the fiscal year. Growth was driven by strong demand from Europe, ASEAN, and Latin America. Shipments included drug formulations, biologicals, bulk drugs, and surgical products. Exports to key regions, particularly Europe and ASEAN, rose significantly during this period. Industry leaders emphasized the need for India to enhance its pharmaceutical innovation and manufacturing capabilities.
Equitas Small Finance Bank chief PN Vasudevan plans exit over perceived conflict involving daughter's NBFC
PN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over a conflict of interest involving his daughter's NBFC. Following the news, the bank's shares experienced a drastic dip yet managed a partial recovery before settling lower. This comes on the heels of the bank's impressive Q2 net profit growth, showcasing its strong operational health.
Cabinet approves Khelo India Sports Goods Manufacturing Scheme with outlay of over Rs 1800 crore
The Khelo India Sports Goods Manufacturing Scheme has been approved by the Union Cabinet to develop the sports goods industry. The initiative includes creating dedicated Sports Goods Manufacturing Zones to enhance production capabilities. Significant financial support is allocated to encourage innovation and research in sports equipment manufacturing. The scheme aims to generate new employment opportunities and reduce import dependency in this sector.
Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
The grease hunters of Bengaluru want Leftover fryer oil to fuel India’s Jets
Bengaluru has become a hub for innovative biofuel initiatives as collectors harvest old cooking oil from restaurants for energy production. With India’s substantial reliance on imported crude oil, the drive to tap into domestic energy sources grows stronger. Major oil enterprises are setting lofty targets for integrating sustainable aviation fuel and biodiesel into their operations.
8% instant discount vs 10% cashback vs 1,000 reward points: Are they all the same? Know exactly which one will save more money
8% instant discount vs 10% cashback vs 1,000 reward points: Suppose you shop for Rs 10,000 online and are now getting a choice between an 8% discount, 1000 reward points or 10% cashback. What would you choose? Don't go by the biggest number alone, as all the three can deliver a very different true value than the other. Here's how you can assess the true value of savings.
418 OTT release and platform details: When and where to watch Prashanth Neel-backed Telugu horror thriller movie after its theatrical run
The horror thriller 418 has finally hit theaters after overcoming several delays linked to censorship challenges. Directed by Kirtan Nadagouda and featuring talents like Chaithra Achar and Surya Raj, viewers can look forward to several dubbed versions to cater to diverse audiences after its theatrical run.
Govt to bankroll half the cost of deepwater wells, but wants its money back from winners
The Indian government is initiating the Samudra Manthan scheme to encourage deepwater exploration for hydrocarbons. This scheme will provide financial assistance up to 50 percent of the costs for exploratory wells. Eligible wells will have a cost cap, and only state-run firms can apply for funding. The government expects repayment only if successful oil or gas is discovered during the exploration.
Rs 1.35 crore loan, Rs 15 crore annual revenue: How Uttarakhand’s engineering couple built a mushroom empire
Engineering couple Naveen Patwal and Poonam Sharma from Uttarakhand founded Planet Mushroom, specializing in the cultivation of exotic mushrooms in India. Despite facing a slew of challenges, including financial strains and market fluctuations, they persevered. The pandemic in 2020 dealt a heavy financial blow, but they successfully navigated the turmoil. Today, their business thrives with a diverse range of mushroom products and a loyal customer base, solidifying their market presence.
EAAA India Alternatives mops up Rs 360 crore from anchor investors; IPO opens on Oct 26
EAAA India Alternatives has successfully raised approximately Rs 360 crore from anchor investors prior to its IPO. This IPO is set to open for public subscription on October 26. The company will not receive any proceeds from the issue as it is an offer for sale. Prominent institutional investors and major domestic mutual fund houses participated in the anchor allocation.
She rejected IIM for baking: How Megha Sarayan built a Rs 2 crore per year business with just Rs 5,000 and secured Rs 1 crore on Shark Tank India
Though obtaining an MBA from an Indian Institute of Management is a goal for many, Megha Sarayan opted for an alternate route. The University of Calcutta economics alumnus turned down an offer from IIM Kozhikode after successfully passing the entrance exam and intensive interviews. Instead, she concentrated on expanding her baking business, which now allegedly earns more than Rs 2 crore each year.
New policy in works to boost agrivoltaics in India; enhance farmers' income via energy generation
India's government is formulating a policy to enhance the adoption of agrivoltaics across the country. This initiative aims to increase farmers' income by combining agricultural production with solar energy generation. States with significant agrivoltaic potential include Maharashtra, Rajasthan, and Madhya Pradesh, accounting for nearly half of India's cropland suitable for this practice.
Innovist revenue nearly tripled to Rs 686 crore in FY26 ahead of L’Oreal deal
L’Oreal announced in June that it would acquire a majority stake in Innovist, the parent of brands such as Bare Anatomy, Chemist at Play and SunScoop, at a valuation of around Rs 4,100 crore. The transaction closed in October, with people familiar with the matter saying Innovist’s revenue grew another 50% between June and October.
'Universal, non-discriminatory and verifiable': India calls for legally binding framework for nuclear disarmament at UN
India called for a universal and verifiable framework for nuclear disarmament at the UN General Assembly. The country emphasized that nuclear weapon decisions should remain under human control amid AI advancements. India reiterated its commitment to a no first use policy and a voluntary moratorium on nuclear testing. Legal assurances against nuclear attacks for non-nuclear states were also advocated by India's representatives.
Zetwerk IPO fully subscribed; Super.money triples revenues
Zetwerk’s Rs 5,012-crore IPO was subscribed 3.06 times on Monday, the last day for bids. This and more in today’s ETtech Top 5.
Load More
