Sun Pharma, others on regulator’s radar as drugs flunk quality tests

• Regulator CDSCO flags 34 samples, including those of Zydus Cadila’s pain relief drug, as substandard
• Sun Pharmaceutical says it will share its internal test report of the retain samples of the valaciclovir hydrochloride batches with CDSCO to resolve all issues

Iron Pillar in talks to raise add-on fund

• VC company will invest in existing portfolio firms from $30 million fund
• Iron Pillar’s portfolio is more concentrated towards business-to-business firms than traditional consumer internet so far

Far East Development Fund seeks to board Jet Airways

• Russian govt fund’s interest comes on day airline’s lenders extend deadline for bids
• CoC extends date for submission of bids to 9 March after two potential suiters failed to meet the deadline

Kumar Mangalam Birla meets telecom secretary amid Voda Idea troubles

• Bank guarantees discussed in the meeting as telco struggles for survival
• A bankruptcy will impact Vodafone Idea’s subscribers and staff, and add to stressed assets on the books of lenders

Growing demand for cloud services helps boost revenue at IBM

• IBM classifies customers beyond its top 200 enterprise customers as commercial
• IBM has over 1,000 customers using IBM Public Cloud, which largely caters to mid-market businesses

Jet Airways: CoC decides to extend deadline for bids to 10 March

• The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday
• The cash-strapped airline, which was grounded in April 2019, owes more than ₹8,000 crore to banks, with those from the public sector having significant exposure

Infosys inks deal with GE Appliances

• Infosys will help GE Appliances modernise its IT infrastructure and run IT in managed services mode
• GE Appliances Chief Digital Officer Viren Shah said the company is on an ambitious multi-year journey to transform its IT landscape

HSBC rakes in $1 billion pre-tax profit from India operations in 2019

• HSBC's overall tax payments in India increased to $398 million from the $384 million in the year-ago period
• The number of customer accounts in India grew to 14,935 at the end of 2019 as against 14,210 in the year-ago period

What can India expect from Satya Nadella's visit as Donald Trump arrives

• The company is organising 'Future Decoded Summits' in Mumbai and Bengaluru, respectively
• Prime Minister Narendra Modi has on several occasions stressed on the importance of leveraging emerging technologies like AI and ML to solve India's critical problems

JLR's UK output threatened by coronavirus-linked parts shortage: CEO Ralf Speth

• JLR CEO Ralf Speth says there are no sales in China currently
• Not sure if lost Chinese sales will come back, Speth said

India steps up Airbus probe in wake of global bribery settlement

• ED is inspecting a payment of Rs1.42 billion linked to the 2006 purchase of 43 jets by Indian Airlines
• The investigation is examining benefits to Airbus of Rs10 billion

GAIL in talks with Tata Steel, SAIL to spur gas demand

• The shift to gas will mean a sweeping transition in India, whose steel mills depend largely on oil and coal for energy
• For GAIL it’s crucial to find new clients as demand from its biggest customers — power plants — wanes

HMSI starts delivery of premium Forza 300 scooter

• Forza 300 is India's first premium mid-size scooter built on the template of synergizing mobility
• Honda BigWing, the premium big bike business vertical of the company, has delivered the first lot of four Forza 300 scooters

SAT gives Sebi time till 10 March to pass final order in CG Power matter

• In an interim order passed in September 2019, Sebi barred these entities for alleged misstatement of the company's accounts and diversion of funds
• Against this backdrop, the regulator sought an extension of time for passing the final order

Reliance, Saudi Aramco accelerate refinery stake sale talks

• Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, people familiar with the matter said
• Reliance is keen to sign a binding agreement before the next annual shareholders meeting, which is due to take place before the end of Sept

Patanjali to expand its store network at India's key airports

• The new stores will stock Patanjali’s range of packaged oils, personal care products, packaged foods, home cleaning products among others
• A new store is set to open at New Delhi's IGI Airport T-3 on Wednesday

HSBC net profit falls 53%, bank to sell assets in overhaul

• HSBC's revenue rose 5.9% in 2019 to $55.4 billion
• The restructuring is expected to cost $6 billion, with another $1.2 billion for asset sales, mainly in 2020 and 2021, HSBC said

MaxWholesale raises $3 mn Series A from IAN Fund, Al Falaj Investment

• Existing investor Maple Capital, former Infoedge CFO Ambarish Raghuvanshi, Maple Capital’s Abhinav Grover and Biba Group’s Siddharth Bindra also participated in the round.

Hero Motocorp aims to become 'future of mobility', invests ₹10,000 crore

• Pawan Munjal also announced the new vision and mission of Hero Motocorp called ' Be the future of mobility'
• Hero Motocorp also announced the launch of three new products in the mainstream and premium segments

RIL media business merger an opportunity to scale up, take on rivals: Experts

• RIL could enhance to an integrated media and entertainment company with revenue of ₹80 billion
• TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18