Food Delivery Industry - Swiggy has shut down its 15-minute food delivery app Snacc after one year of operation due to mounting losses and increased competition [1] - The quick food delivery market is becoming more crowded with competitors like Blinkit and Zepto launching new apps [1] Pharma Sector - Novartis AG is selling 70.68% of Novartis India Ltd's equity shares to WaveRise Investments Ltd, ChrysCapital Fund X, and Two Infinity Partners under a Share Purchase Agreement [2] - The pricing for the shares varies, with WaveRise acquiring 56.45% at ₹860.64 per share, while ChrysCapital and Two Infinity acquire 10.32% and 3.91% at ₹701.25 per share respectively [2] - Post-transaction, the acquirers will gain control and nominate directors, while Novartis AG will cease as promoter [2] Medical Devices - The USFDA conducted a Pre Approval Inspection for Injectable Medical Devices at Zydus Biotech Park, Ahmedabad, with no observations noted [3] Railway Sector - Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd have signed a Joint Venture Shareholders' Agreement to enhance India's rail manufacturing capabilities [4] - RailTel Corporation of India Ltd has received a Letter of Acceptance for a contract valued at ₹35.55 crore, to be completed within 24 months [5] Infrastructure Projects - GHV Infra Projects Ltd has received a Letter of Award for a project valued at approximately ₹123 crore for the installation of Grid-Connected Rooftop Solar Plants [6] Manufacturing - Arfin India Ltd has installed a High Capacity Double Wire Rod Breakdown Machine to enhance production capabilities [7] Technology and Banking - Intellect Design Arena Ltd's eMACH.ai Digital Transaction Banking solution has been implemented by Arab National Bank to enhance its digital capabilities [9] Surveillance Systems - Pace Digitek Ltd has received an Advance Letter of Award for ₹89.069 crore from Railtel Corporation for the installation of an IP-based Video surveillance system [10]