A month after the Supreme Court directed the Delhi Metro Rail Corp (DMRC) to bring Rs 4,600 crore out of its coffers for its long-standing liability to a Reliance Infra (RInfra) subsidiary, DMRC has written to 18 banks, inviting bids to raise a Rs 2,700-crore loan.

The court had upheld a Delhi High Court order, conse­quent to which DMRC is to pay the arbitral award amount, alo­ng with interest, to Reliance In­fra-owned Delhi Airport Metro Express Private Limited (DAM­EPL) in two equal instalments.

A renewable energy deal with India's Adani group figured in Sri Lanka's parliamentary debate on the Electricity Amendment bill, which was passed in Parliament on Thursday amid resistance from Opposition lawmakers and industry trade unions.

The Opposition charged that an unsolicited government-to-government agreement to build a 500 MW wind power plant in the northern coast with the involvement of the Adani Group was key to the amendments to the 1989 Act.

A consortium of Apollo Global Management Inc. and Reliance Industries Ltd. has made a binding offer for Walgreens Boots Alliance Inc.’s international drugstore arm, people with knowledge of the matter said.

The bid for the Boots business is fully backed by committed financing, the people said, asking not to be identified because the information is private.

US major Novavax has said its Covid-19 vaccine (NVX-CoV2373) for adults — to be used in the US following an approval from the USFDA — would be manufactured by its Indian partner Serum Institute of India (SII). According to Reuters, Novavax’s Chief Medical Officer Filip Dubovsky said on Tuesday that all vaccines being distributed commercially across the world “are being made in a single facility by our partners (the Serum Institute in India — SII) that includes the vaccines which are being deployed around the world as well as the ones that will be initially deployed in the US”.

The Tamil Nadu Medical Services Corporation (TNMSC) has blacklisted pharma major Abbott Healthcare for five years for allegedly “hiding information” while participating in the tender process.

The company did not divulge that it was banned by central procurement agencies such as the Directorate General of Health Services (DGHS) and Employee State Insurance Corporation (ESIC) when it participated in the TN procurement agency’s tender process, TNMSC said.

German sports luxury car manufacturer Porsche on Wednesday said it has forayed into pre-owned car segment in India.

The Porsche Approved programme is now available across India with a comprehensive warranty on pre-owned cars for a minimum of 12 months, including access to the 24-hour roadside service after passing a rigorous 111-point inspection, the automaker said in a statement.

Ayana Renewable Power Pvt Ltd (Ayana) is scaling up its presence in Karnataka by setting up renewable energy projects totaling 2 gigawatts (GWs) with an investment of Rs 12,000 crore.

At present, it has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state, Ayana said in a statement on Wednesday.

Drug maker Lupin on Wednesday said it has received tentative approval from the US health regulator to market Ivacaftor tablets, used to treat cystic fibrosis, in America.

The company has received tentative approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Ivacaftor tablets, 150 mg strength, Lupin said in a statement.

Days after ExpressVPN announced that it is shutting down its operations in India over the new cybersecurity-related rules, another popular virtual private network (VPN) service provider Surfshark followed suit.

Surfshark said that its servers will be shut down in India before June 27, when CERT-In's new rules will come into effect.

Blackstone-backed IT services major Mphasis announced the setting up of a delivery centre in Downtown Calgary, Alberta. The centre will create 1,000 tech jobs in Alberta over two years.

Canada is fast becoming one of the world’s leaders in science, research, and technological innovation. According to Calgary Economic Development, Alberta’s spending on digital transformation is set to surpass C$20 billion between 2021-2024, with Calgary companies accounting for C$7.5 billion.

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