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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; board rejig sees Phani Kishan, Rahul Bothra elevated Tata Sons listing in public interest: Shapoorji Pallonji Mistry Tata Power partners with CORE Academy to train renewable energy workforce Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Coal India absorbs price shock despite sharp rise in operational costs Pepperfry opens first factory outlet in Pune, expands offline footprint Toyota Kirloskar Motor partners Wipro 3D to set up CoE in additive manufacturing Taazé brings in Varun Chakaravarthy, Aishwarya Rajesh as investors Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment Hyatt eyes acquisitions to scale up India presence 5X in 5 yrs MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Nifty crosses 24,000; IT stocks bleed as broader market rallies India's Jio-BP does not plan to raise fuel prices, CEO says Nykaa opens luxury Charlotte Tilbury flagship boutique in India Om Power Transmission IPO subscribed 46% on day 2 morning Crude surge, geopolitical tensions weigh on IT; financials, paints outperform RBI moots delay and kill switch feature to combat rising online frauds Reliance caps fuel sales at $11 per pump amid growing shortages Sanjay Khanna appointed BPCL CMD Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Eli Lilly’s Mounjaro loses ground to less-expensive semaglutide generics & innovator Novo Nordisk’s products Freshworks appoints Kuntal Vahalia Senior Vice President, Partnership Channel HRS Aluglaze bags ₹27-crore order Capri Global Capital to raise ₹500 crore through debenture issue Brand Concepts bets on premium push with Off-White entry, eyes metro expansion Skoda VW eyes 5% india market share; Taigun facelift unveiled Systematix Private Wealth aims ₹40,000-crore AUM in five years Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; 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India could be on the radar for AstraZeneca’s oral GLP-1 drug: MD
PT Jyothi Datta · 2026-06-19 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Praveen Rao Akkinepally, Managing Director, AstraZeneca Pharma India

Praveen Rao Akkinepally, Managing Director, AstraZeneca Pharma India

As biopharmaceutical drugmaker AstraZeneca waits in the wings with its oral GLP-1 weight loss and diabetes drug — India could be on its radar, depending on the data from its global Phase III trials, a top AZ executive said.

“We are certainly hoping that India will play a role and have representation, just as we have seen with our other trials,” Praveen Rao Akkinepally, Managing Director, AstraZeneca Pharma India, told businessline, as he completes a year at helm of the UK-based company in India.

Just weeks ago, AstraZeneca had said its lead oral GLP-1 drug had shown strong results in Phase IIb studies, and was now being taken into Phase III studies globally, he said, adding “they are just getting started, so we don’t have specific numbers yet on how it will play out in India… But the decision to move to Phase III shows our confidence in the molecule.”

Regulatory approvals

“We hope to bring it to India as soon as we have the right data and regulatory approvals,” the MD said, given the country’s high incidence of obesity and metabolic disorders. “We are clearly very interested… we have got a long legacy in treating cardiovascular and renal diseases, with several drugs already in this space in India... This oral GLP-1 portfolio would complement that, so it seems like a natural way for us to build on it,” he added.

On India’s participation in the trials, he said, “India has historically been part of many Phase III trials in our cardiovascular and renal portfolio, so we are hoping to be part of this. We just have to wait for guidance from global once the trial design and numbers are determined.”

The development comes even as India’s GLP-1 diabetes and weight loss products segment sees much activity from multinational Novo Nordisk (with products Ozempic and Wegovy) and Eli Lilly (with Mounjaro). Several generic drugmakers have also rolled out their less-expensive versions of injectable semaglutide after it went off patent in India, this March. (Semaglutide is the active ingredient in Novo Nordisk’s Ozempic and Wegovy.)

Competition hots up

The action now is in the global oral weight loss pill market. While Novo’s oral semaglutide pill (Rybelsus) for diabetes is available in India — competition hots up in the global oral weight loss pill segment between Novo Nordisk, Eli Lilly and possibly AstraZeneca.

Akkinepally reiterated, “We are looking to bring our cardiovascular portfolio over, of which the oral GLP-1 will be a key part.... we need to let the trial play out, see the data and establish approval timelines. But looking at our track record, we are bringing our global portfolio to India, and we plan to do the same here.”

On being a late entrant to this dynamic segment, he said, “In our case, an oral GLP-1 will be one of the earlier options available as a pill. Even in a market like India, a pill format should certainly support broader access and convenience, which will play a major role.”

Looking to accelerate their programme, he said, “if you bring the right value proposition, which we believe we can, given the data seen so far and the fact that it will be an oral drug, it will make a significant impact. We are excited to see that impact in India.”

Published on June 19, 2026