Emaar India to invest ₹1600 crore on a luxury project in Gurugram; to develop around 1000 apartments

Emaar India, the Indian arm of Dubai-based Emaar Properties, plans to invest ₹1,600 crore to develop a luxury residential project in Gurugram that will comprise about 1,000 apartments, the company said in a statement. Emaar India plans to invest ₹1,600 crore to develop a luxury residential project comprising about 1,000 apartments, the company said. (Representational […]

Novo Nordisk cuts Wegovy price in India by up to 37% in rivalry with Eli Lilly’s Mounjaro| Business News

Novo Nordisk A/S has cut the prices its weight-loss drug Wegovy by up to 37% in India, as the Danish drugmaker looks to hold its own against Eli Lilly & Co.’s Mounjaro in a country that’s home to the third largest obesity population in the world. Novo Nordisk will sell Poviztra 2.4 mg semaglutide injection […]

The $100-million gap between Zerodha in India and Robinhood in US, courtesy UPI| Business News

Robinhood Markets Inc. is on course to generate $100 million revenue from transaction charges alone this year, while Zerodha Broking Ltd. does zero. That may seem like an opportunity lost, but it shows how evolved India’s fintech ecosystem is, as compared to the US—thanks to UPI. Zerodha co-founder and CEO Nithin Kamath. (Mint) “I’m still […]

Novo Nordisk, Emcure to launch WeGovy weight-loss drug under new brand in India| Business News

After Eli Lilly, Novo Nordisk has teamed up with an Indian partner to market its weight-loss drug under a new brand name in the world’s third most obese country. Novo Nordisk will sell Poviztra 2.4 mg semaglutide injection in India as a separate brand of its blockbuster weight-loss drug WeGovy. (Reuters) The Danish drugmaker will […]

Ola Electric says LG Energy fears market-share loss in India due to its 4680 Bharat Cell| Business News

Ola Electric Mobility Ltd. has claimed that its homegrown 4680 Bharat Cell and, consequently, the prospect of client loss in India is forcing South Korea’s LG Energy Solution Ltd. to attack indigeniously developed battery technology. The 4680 Bharat Cell is a lithium-ion battery cell manufactured by Ola Cell Technologies Pvt. Ltd. at its Ola Gigafactory […]

Nvidia joins India Deep Tech Alliance as group secures $850 million in new capital| Business News

Nvidia Corp. has joined Indian and US investors backing deeptech startups in the country that’s home to the world’s largest internet population outside of China. Nvidia CEO Jensen Huang. Nvidia is a founding member of India Deep Tech Alliance that seeks to attract funding for local deeptech startups. (Reuters) The India Deep Tech Alliance has […]

Gurugram-based M3M India to invest ₹7,200 crore in an integrated township project on Dwarka Expressway

Gurugram-based developer M3M India has announced plans to invest around ₹7,200 crore to develop Gurgaon International City (GIC), an integrated urban development spread across 150 acres on the Dwarka Expressway Link Road in Delhi-NCR, the company said in a statement on November 5. M3M’s Gurgaon International City (GIC), a 150-acre project on the Dwarka Expressway […]

Brookfield India REIT plans to acquire 7.7 million sq ft business park for over ₹13,000 crore

Brookfield India Real Estate Trust (BIRET) has said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for ₹13,125 crore to expand business. Brookfield India Real Estate Trust (BIRET) has said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for ₹13,125 crore to expand […]