On May 30, 2024, Krishna Institute of Medical Sciences Limited (KIMS) announced that it had entered into a lease agreement of 25 years with Peoples Education Society (PES) through its subsidiary KIMS Hospital Bengaluru Private Limited for setting up a Super Specialty Hospital in Bengaluru, Karnataka. PES is a reputable university that offers a range …
Indian frontline indices continued their upward momentum in today’s trading session, bolstered by strong performances in the power, capital goods, utilities, banking and energy sectors. Broader indices also reflected robust investor sentiment. At 10:45 am, the BSE Sensex gained 1.01% reaching a level of 75,131. The Nifty 50 index added 1.06% to the 22,859 level. …
A nine-judge constitution bench of the Supreme Court has issued a key ruling on mining company taxes, allowing states to collect past dues on royalty and taxes for mineral-bearing land dating back to April 1, 2005. The court has permitted these dues to be paid in staggered instalments over 12 years, starting from April 1, …
Shalby Limited, a leading multispecialty hospital chain in India, has announced a strategic partnership with Monogram Technologies Inc., a pioneer in AI-driven orthopaedic surgery robotics. The collaboration will focus on conducting a multicenter clinical trial in India to evaluate the safety and effectiveness of Monogram’s mBȏs TKA System, a precision robotic surgical system designed for …
On August 03, 2024, the State Bank of India announced its financial results for the quarter that ended June 30, 2024. The bank reported a net profit of ₹17,035 crore for Q1FY25, marking a 0.89% year-on-year increase. The operating profit for the quarter rose by 4.55% year-on-year to ₹26,449 crore. The bank’s Return on Assets …
On August 2, 2024, Mahindra Holidays & Resorts India Limited (MHRIL) announced a significant enhancement to its Club Mahindra offerings through a strategic partnership with Lohono Stays, a leading name in serviced luxury villas. This collaboration marks a notable expansion of Club Mahindra’s presence in North Goa, a region renowned for its vibrant culture and …
On August 02, 2024, Hindustan Zinc Limited (HZL), a top global producer of zinc, lead, and silver, released its financial results for the first quarter ending June 30, 2024. In the first quarter, Hindustan Zinc achieved its highest-ever mined metal production at 263,000 tonnes (kt), a 2% increase from the previous year. However, it was …
Alembic Pharmaceuticals Limited today announced a significant milestone with the US Food and Drug Administration’s (USFDA) final approval of its Abbreviated New Drug Application (ANDA) for Nelarabine Injection, 250 mg/50 mL (5 mg/mL). This single-dose vial formulation is therapeutically equivalent to Sandoz Inc.’s Arranon Injection. Nelarabine, a nucleoside metabolic inhibitor, is a critical treatment for …
On August 2, 2024, Zydus Wellness Ltd. reported its highest-ever first-quarter net sales, which increased by 20% to ₹8,391 million compared to the same period last year. The company’s EBITDA grew by 33.3% year-over-year to ₹1,553 million. Net profit for the quarter rose by 33.8% to ₹1,477 million. Adjusted PAT, which excludes exceptional items and …
On August 2, 2024, Black Box Limited announced to the stock exchanges that it has secured commitments totalling ₹410 crore through a preferential issue aimed at accelerating growth and expansion in the digital infrastructure sector. The Board of Directors approved the issuance of up to 98,32,123 fully convertible warrants, priced at ₹417 each, aggregating to …
