A series of corporate announcements this week highlighted how Indian companies are reshaping their portfolios through innovation, consolidation and overseas expansion.
Pharmaceutical major Cipla has launched an orally inhaled insulin powder for diabetes patients in India, marking a significant step in non-invasive diabetes care. The company said the product is aimed at improving convenience and compliance among patients who rely on daily insulin therapy.
In the cement sector, Ambuja Cements and ACC have approved the amalgamation of ACC and Orient Cement. Management said the merger is expected to deliver cost efficiencies and improve operating margins by at least ₹100 per metric tonne, reflecting the broader industry push towards scale and consolidation.
Lloyds Enterprises has approved a complex restructuring plan involving the merger of Lloyds Realty Developers and Indrajit Properties into the parent entity, followed by a demerger of the real estate business into a newly formed company, Lloyds Realty. The group said the standalone real estate arm has an estimated revenue potential of ₹7,000 crore.
In the technology space, HCLTech’s software arm, HCL Software, announced the acquisition of AI data analyst startup Wobby for €4.5 million. The move underlines HCL’s focus on strengthening its artificial intelligence and automation capabilities.
Real estate developer Prestige Estates said it has acquired a 25-acre land parcel in Chennai, with an estimated revenue potential of ₹5,000 crore, signalling continued confidence in demand across key urban markets.
Consumer goods maker VIP Industries appointed Sameer Wanchoo as its chief marketing officer, as the company looks to sharpen its brand and market strategy.
Fintech firm Groww launched ‘Groww Lite’, a web-based emergency trading platform designed to ensure continuity for users during outages or technical disruptions.
In overseas developments, UPL’s arm Advanta Holdings will acquire a 100% stake in Hybrid Seeds Vietnam for $2,000, while Paytm approved the incorporation of new subsidiaries in Indonesia and Luxembourg, alongside a capital issuance in its Middle East arm, Paytm Arab Payments.
