On February 25, 2025, NGL Fine-Chem, a pharmaceutical company, and its promoters reached a settlement with the capital market regulator, the Securities and Exchange Board of India (SEBI) regarding alleged violations of shareholding disclosure requirements. Both, the company and the promoters have agreed to pay a total of ₹92.21 lakh to resolve the issue. The …
Go Digit General Insurance has acquired a 0.32% stake in pharmaceutical major Dr Reddy’s Laboratories through a cash infusion of ₹30.06 crore. The insurance company disclosed the transaction in a stock exchange filing on Tuesday. Insurance Companies Diversifying into Healthcare Go Digit’s move to invest in a pharmaceutical company aligns with a broader trend of …
The Securities and Exchange Board of India (SEBI) has imposed a total penalty of ₹5.05 crore on Indian Clearing Corporation (ICCL), a wholly owned subsidiary of BSE, for alleged violations related to cybersecurity and system audit norms. The penalty follows an inspection conducted by the market regulator between December 2022 and July 2023. Inspection and …
Solar panel manufacturer Waaree Energies Ltd announced on Tuesday that it has received an order from ABREL EPC Ltd, a wholly owned subsidiary of Aditya Birla Renewables Ltd, for the supply of solar photovoltaic (PV) modules totalling 410 megawatt-peak (MWp). Order Details and Contract Terms In a regulatory filing, Waaree Energies said: “This is to …
Real estate firm Prestige Estates Projects announced on Tuesday, February 25, that the Income Tax Department has launched a search operation at its registered office and various branch offices starting February 25, 2025. Company Confirms IT Search, Assures Full Cooperation In a regulatory filing, Prestige Estates Projects stated “We hereby inform that the Income Tax …
Dr Reddy’s Laboratories announced on Tuesday, February 25, that the United States Food and Drug Administration (USFDA) identified certain issues at its active pharmaceutical ingredient (API) manufacturing facility (CTO-2) in Bollaram, Hyderabad. The regulator has advised the company to address and resolve these concerns. USFDA Inspection and Classification In a regulatory filing, Dr Reddys Lab …
Azad Engineering has initiated a qualified institutional placement (QIP) to raise up to ₹700 crore, according to regulatory filings. The company’s board approved the opening of the issue on February 25, 2025, for the QIP of equity shares with a face value of ₹2 each. Floor Price of QIP As per news reports, the issue …
The Nifty 50 index experienced a sharp decline this week ahead of the monthly expiry, exhibiting a mixed performance on Tuesday, February 25, 2025. Trading in a range-bound manner, the index fluctuated between 22,625.30 and 22,513.90 levels throughout the session. Despite the limited movement, Nifty 50 closed at 22,547.55, registering a marginal decline of 5.80 …
BP has introduced a fundamentally reset strategy, focusing on capital reallocation, cost efficiency, and performance improvement. The aim is to enhance free cash flow, improve shareholder returns, and build long-term resilience. As part of this approach, BP is also conducting a strategic review of its Castrol business to accelerate its value delivery and assess future …
Bajaj Finance’s share price climbed 2.6% to reach a fresh 52-week high of ₹8,739 on the National Stock Exchange (NSE) as of 1:03 PM on February 27, 2025. The rally comes in response to the Reserve Bank of India’s (RBI) decision to ease risk weight norms for bank financing to Non-Banking Financial Companies (NBFCs) and …
