The U.S. Food and Drug Administration (U.S. FDA) has issued five observations, post inspection, to the manufacturing plant of Zydus in Moraiya, Ahmedabad. The inspection was conducted from October 5-13 and closed with 5 observations. The company will closely work with the U.S. FDA to address the observations expeditiously, Zydus Lifesciences said on Tuesday. Published […]

The story so far: The Union Cabinet has approved the sale of IDBI Bank to Canadian company Fairfax Financial Services, marking the largest foreign direct investment in the financial services sector in India’s history. The deal has finally brought to a close the government and Reserve Bank of India’s (RBI) varied dealings with IDBI, which […]

BEML officials met a Czech delegation led by Karel Havlíček, the Czechia’s First Deputy Prime Minister and Minister of Industry and Trade, in Bengaluru on October 15, 2026. The talks aimed to deepen ties in precision engineering, machine tools, automotive components, and other industrial sectors. Photo: Special Arrangement BEML, a state-owned heavy equipment manufacturer, on […]

All segments of the automobile sector reported double digit growth in Q2 FY2027 (July-September 2026) with Passenger Vehicles (PVs) and Commercial Vehicles (CVs) reporting wholesales growth of nearly 30% year-on-year (YoY) according to auto wholesales data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday (October 15, 2026). Passenger Vehicle sales stood at […]

TCS view the next wave of industrial AI will be shaped by how effectively AI agents are orchestrated to transform engineering | Photo Credit: Reuters Tata Consultancy Services (TCS) on Thursday launched an artificial intelligence (AI) platform for industrial enterprises that could improve manufacturing productivity by 20-25% and cut new product development timelines by 25%, […]

A customer picks a product from a rack at a supermarket in India (For Illustration) | Photo Credit: Reuters India’s fast-moving consumer goods (FMCG) sector is expected to report relatively stable earnings for the September quarter (Q2FY27), supported by pricing actions and resilient demand. However, rising commodity costs are likely to squeeze margins, while volume […]

Union Petroleum Minister Hardeep Singh Puri with Essar Oil and Gas officials announcing five CBM blocks | Photo Credit: Special Arrangement Privately owned Essar Oil & Gas Ltd has secured five coal bed methane (CBM) blocks under the government’s bidding rounds of 2025 and 2026, adding 1,281 sq km of acreage across West Bengal, Madhya […]

Zydus Sunshine Lifesciences, a proposed joint venture between Zydus Lifesciences and Sunshine Healthcare, part of Sunshine Holdings PLC, has signed an agreement with Sri Lanka’s Board of Investment (BOI) to set up a pharmaceutical manufacturing facility in the BOI zone in Horana. The project entails an investment of $20 million, with the facility spread across […]

Heritage Food says near-term cost pressures persist | Photo Credit: The Hindu Dairy company Heritage Foods’ consolidated net profit for the September quarter declined 39% year-on-year (YoY) to ₹30.85 crore, even as revenue from operations rose 19% to ₹1,319.6 crore. The revenue growth and a 98bps sequential recovery in EBITDA (earnings before interest, taxes, depreciation […]

A man walks past Wipro’s logo inside its premises in Bengaluru, India. | Photo Credit: Reuters Wipro Ltd reported a 1.4% year-on-year (YoY) decline in net profit to ₹3,201 crore in Q2 FY27, while it fell 4.7% sequentially, amid a sharp contraction in large deal bookings and flat constant-currency revenue growth. The Bengaluru-based IT services […]