WIPRO: The company collaborated with the University of South Carolina and the Indian Institute of Technology, Patna to advance artificial intelligence innovation (AI).

Lupine: The company has signed a definitive agreement with the Anglo-French drugs & industry to obtain a brand portfolio. This will strengthen the presence in vitamins, minerals and supplements and central nervous system segments.

DR Reddy Laboratory: The company has signed an agreement with Novartis AG to obtain a cardiovascular CDMus brand in India. The acquisition fee is $ 61 million. Cyidmus is indicated for heart failure patients with reduced ejection fractions.

TVS Motor Company: Tvs Motor Subsidiaries (Singapore) Pte Ltd has acquired 70 percent of the shares in the UK based EBCO with 1,163,070 pounds. EBCO provides smart mobility solutions through e-bike electronic channels throughout the city and mountain cycling segments. The company has a bond with most major dealers throughout the UK and is an exclusive distributor of Korrata e-bikes in this country. In addition, TVS motor registered sales of 3.07 lakh units in March 2022, down from 3.22 lakh units sold in the same month last year.

EICHER MOTORS: Motorcycle sales (Royal Enfield) in March 2022 increased two percent to 67,677 units of year to year, but in FY22 sales decreased two percent to 6.02 lakh units from the previous year.

Inox Leisure: Crisil has revised the prospect of its ranking on the company’s long-term bank facilities from ‘A + / stable’ to ‘A + / Watch Positive’ and revised the short-term rating of ‘A1 / Watch Positive’.

Heroes of Motocorp: The company sold 4.50 motorbikes and scooters in March 2022, down from 5.76 lakh units in the month according to last year. In FY22, sales fell to 49.44 lakh units from 57.91 lakh units in the previous year.

Jubilant Pharmova: The company has signed a stock purchase agreement and shares subscription agreements and shareholders to obtain equity shares and Preferences of SPV Laboratories (Greencure), Herbal and Ayurveda formulation companies. The acquisition fee was Rs 8.75 Crore to acquire 25.21 percent of the shares.

Karnataka Bank: Clock lender 6.27 percent year growth in core deposits in RS 80,385 Crore for the year ended March 2022 and gross progress during the period grew 9.5 percent to RS 57,726 crore. The CASA (current account account and savings account) with a total deposit increased to 32.97 percent in March 2022 from 31.5 percent a year ago. Private sector lenders expect 12 percent growth in deposits and around 17 percent in gross progress for FY23.