Outlook Business Desk
Paytm Payments Bank’s Managing Director and Chief Executive Officer Surinder Chawla has tendered his resignation on 8 April, the company said in a stock exchange filing on Tuesday. Chawla is stepping down citing personal reasons and to explore better career prospects. His resignation will be effective from 26 June 2024.
The drugmaker has launched its first generic version of Oracea (doxycycline capsules, 40 mg) in the United States. The development comes after the company’s approval from the United States Food and Drug Administration (US FDA) for the product.
The automotive battery maker has signed an agreement to acquire a 26 per cent Clean Max Arcadia for Rs 5.34 crore. Through this acquisition, the company aims to qualify as a captive consumer of solar power, thereby advancing renewable energy adoption within its operations. Clean Max Arcadia is a special purpose vehicle (SPV) promoted and incorporated by Clean Max Enviro Energy Solutions, for the generation and supply of solar power.
IndusInd International Holdings (IIHL), the promoter company of IndusInd Bank, has signed a definitive agreement with global asset manager Invesco’s Indian arm Invesco India Asset Management (IIAM). IIHL will acquire a 60 per cent shareholding in IIAM, while Invesco Limited will retain a 40 percent stake in the newly formed joint venture (IIAM). Both IIHL and Invesco will have sponsor status.
On Tuesday, the company said it has received a Goods and Services Tax (GST) demand order amounting to Rs 20.50 crore for the 2018-19 financial year. The demand was received from the office of the State Tax Officer in Gujarat under Section 73 of the GST Act, 2017.