Author: NNI Editor

Austin-based private equity firm Haveli Investments has acquired major stake in AppViewX, one of the globally top three among automated certificate lifecycle management companies, for an undisclosed sum.AppViewX, headquartered in New York with centres in Coimbatore and Bengaluru and to be headed by Dino DiMarino as its CEO, will look at 30% business growth annually.Anand Purushothaman, founder and Chief Technology Officer of AppViewX, and Mr. DiMarino told the media in Coimbatore on Thursday that its clients include new age companies, auto manufacturers, banking, finance and insurance firms, and healthcare institutions in different geographies globally. The company recently entered the Indian…

The U.S. Food and Drug Administration (U.S. FDA) has issued a warning letter to generic drugmaker Granules India’s finished dosages and pharmaceutical formulation intermediates manufacturing facility in Gagillapur, near Hyderabad. While manufacturing and distribution of existing products continue unaffected from the facility, the warning letter may, however, temporarily impact the regulator’s review of pending product submissions, from the site, until the issue is resolved, the company said in a filing on Thursday. The February 26 warning letter is related to the agency’s inspection of the facility from August 26 to September 6 and issue of six observations. Current good manufacturing…

This image released by Disney shows characters Pumbaa, voiced by Seth Rogen, bottom, and Timon, voiced by Billy Eichner, in a scene from “Mufasa: The Lion King.” | Photo Credit: Disney Technicolor India, a studio owned by Technicolor Group of Paris, that develops visual effects (VFX) and animation graphics for many full length feature films of Hollywood movie production houses, is shutting down its operations in India, in Bengaluru and Mumbai, as part of the group’s global closure.The company employs 3,200 people in India of which close to 3000 people are in Bengaluru while it has a global headcount of over…

Ashok Jegadeesan, Director of Yaazh Naturals, briefing Prime Minister Narendra Modi at Bharat Tex in New Delhi recently about yoga mats woven at his company. | Photo Credit: SPL Yoga mats that are handwoven and coloured with natural dyes by a weaving unit in Salem district will soon turn smart, alerting the users if the yoga postures are not right, the time spent doing yoga, the calories burnt, etc.This is based on a suggestion given by Prime Minister Narendra Modi to Ashok Jegadeesan, director at Yaazh Naturals Private Limited (which makes handwoven yoga mats, yoga towels, meditation mats, etc.) at…

National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday (February 27, 2025) set aside the insolvency proceedings against Coffee Day Enterprises Limited, which runs Cafe Coffee Day chain.NCLAT, which earlier reserved its order, pronounced the ruling on Thursday (February 27, 2025) and the detailed order copy is awaited.In a stock exchange announcement, the company said the NCLAT allowed its appeal and set said the National Company Law Tribunal (NCLT) last year’s order initiating the insolvency proceedings. V.G. Siddhartha’s and Café Coffee Day’s rise through the yearsLast week, Coffee Day Enterprises had said the corporate insolvency resolution process against it has been resumed…

As far as the domestic commercial vehicle (CV) industry is concerned, it is expected to register a marginal growth in FY26. File Photo: www.icra.in Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7% in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency ICRA.As for two-wheelers, ICRA said it estimates the industry volumes to grow at a healthy pace of 6-9% in FY26, following an estimated 11-14% growth in FY25.Passenger vehicle (PV) industry volumes reached an all-time high of 4.2 million units in FY24. In year-to-date (YTD) FY25, wholesale…

Sussanne Khan unveils her flagship interior store The Charcoal Project in Hyderabad, in collaboration with Gauri Khan. | Photo Credit: Siddhant Thakur A day before the formal launch of The Charcoal Project (TCP) in Jubilee Hills, Hyderabad, Sussanne Khan and her team are adding the final touches to the space. Spread over six floors, it marks Sussanne’s foray into Hyderabad’s interior design scene, 14 years after founding TCP in Mumbai. One floor features concept spaces and product lines by Gauri Khan Designs.Sussanne’s excitement, tinged with a hint of nervousness, is evident as she settles in for an interview on the…

Big investors are sensing that a fresh joint European borrowing effort is becoming more likely as the region scrambles to ramp up defence spending.The modest reaction across bond markets, typically unnerved by higher spending, as defence talks gathered pace this month suggests investors view increased borrowing as manageable so far.They say it also suggests markets expect some form of joint European funding again, five years after the European Union launched an 800 billion euro ($840 billion) pandemic recovery fund.Late last year investors saw joint borrowing from the EU itself as less likely. But the need for action has re-emerged as…

Going into the year investors were betting that President Donald Trump’s policies would spur U.S. stocks and the dollar to outperform their global peers. That assumption is increasingly getting tested.The Trump administration’s revamp of the government and massive moves on trade and other policies have instead injected uncertainty, with consumers and businesses worrying about the economy, threatening the narrative of U.S. exceptionalism.The policy uncertainty is “leading to a dynamic … where you start to see investors and business leaders and consumers alike kind of reining things in a little bit,” said Garrett Melson, portfolio strategist at Natixis Investment Managers.”That’s against…

The Canadian government would have to play a significant role in any project to build new oil pipelines in Canada to overcome regulatory, financial and political hurdles and activist opposition, industry experts said.With U.S. President Donald Trump threatening tariffs on Canadian oil exports, several Canadian politicians have called for new pipelines to coastal export terminals to reduce dependency on the U.S. market.Oil is the most valuable export of Canada, which is the world’s fourth-largest oil exporter, pumping 4 million barrels per day (bpd) over the border to U.S. refiners. That is about 90% of Canadian oil exports.Canada’s Liberal Energy Minister,…