Tata Sons has decided to halve the number of listed companies from 29 to 15 in the coming months. This is being done to focus on investing in bigger entities that can compete ably in the marketplace, a report by Economic Times (ET) said.

The report quoted the conglomerate's executives as saying that it is speeding up its simplification to focus better on the growth and scale of the company. Also, it may lead to better cash inflow in larger companies.

The Drugs Technical Advisory Board (DTAB) is likely to meet on Monday to decide the fate of 19 fixed-dose combinations (FDCs) drugs that are considered 'irrational combinations'.

Some of the common medicine brands which are under the scanner include cough syrup Ascoril, TeddyKoff, and some cold medicines like D'Cold Total, Dolo Cold, headache medicines like Saridon etc.

Hero Electric will set up a greenfield manufacturing unit in Salarpur industrial area in Rajasthan. The Rs 1,200-crore facility will be spread over 170 acres and have an annual capacity of manufacturing two million units, as reported by Economic Times (ET). Hero Electric is the largest electric two-wheeler maker in India.

The plant has been strategically planned within 100 km of Delhi Airport and close to automotive clusters in the National Capital Region (NCR), the company's MD Naveen Munjal told ET.

The Indian Army and the Defence Geoinformatics and Research Establishment (DGRE) have jointly installed the Avalanche Monitoring Radar, first of its kind in India, in north Sikkim, defence officials said on Friday.

Besides being used for detection of avalanches, this radar can also be employed to detect landslides.

The National Green Tribunal has imposed restrictions on the Odisha government's ambitious Bali Jatra project, for which the Cuttack district administration had reclaimed an area of around 426 acres of the Mahanadi riverbed, environmentalists said on Saturday.

As part of the Bali Jatra riverfront or the Barfi project, the district administration had reclaimed the floodplain zone of the river near Jobra barrage in Cuttack city by filling sand and garbage, they claimed.

Former Vice President M Venkaiah Naidu on Friday emphasized that with the advent of Prime Minister Narendra Modi, India is now a force to reckon with and India's voice is heard by all.

Venkaiah Naidu on Friday unveiled the book Sabka Saath Sabka Vikas Sabka Vishwas, a collection of selected speeches of the Prime Minister, along with Kerala Governor Arif Mohammed Khan and Union Minister Anurag Thakur in a function organized by the Directorate of Publications Division.

Ukrainian Prime Minister Denys Shmyhal said that his country has attracted $11 billion from its partners through the World Bank (WB) since the start of the military conflict between Russia and Ukraine.

"Loans and grants, including from the US and Britain, totaling about $11 billion have been raised through the Bank's instruments since February 24," Shmyhal added on Facebook on Friday after the meeting in New York with WB Managing Director of Operations Axel van Trotsenburg and WB Vice President Anna Bjerde.

Nationalist Congress Party (NCP) leader Ajit Pawar on Friday in a lighter vein said twice he became deputy chief minister of Maharashtra and on both occasions, wanted the home portfolio, but "seniors" in his party thought if he gets the key ministry, he would not listen to them.

The Leader of Opposition in the Assembly made the comments during a meeting of the NCP's Pune unit where a functionary remarked that when the party becomes part of a government in the future, he (Pawar) should become home minister.

India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational, a source directly involved with the deal said on Friday.

The payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain that Byju's acquired in April 2021.

Exide Industries, an automotive and industrial battery maker, is eyeing to invest Rs 6,000 crore in the next 8-10 years to set up a 12 gigawatt-hour lithium-ion cell manufacturing unit in Karnataka. The first phase with a capacity of 6 gigawatt-hour is expected to be completed in 27-30 months, a report by BusinessLine(BL) stated.

“We are a debt-free company and have sufficient reserves. So we will look at internal accruals (to fund the project) and some bridge loan facilities from banks as and when required,” Subir Chakraborty, MD and CEO, Exide.

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