On March 18, 2024, the Supreme Court rejected a miscellaneous application filed by Adani Power Rajasthan, which aimed to recover ₹1,376 crore in the late payment surcharge from Jaipur Vidyut Vitran Nigam. Supreme Court Dismisses Adani Power’s Application On Monday, Adani Power’s plea to recover from Jaipur Vidyut Vitran Nigam was dismissed by the Supreme …
On Tuesday, March 19, 2024, Dr. Reddy’s Laboratories stated in an exchange filing that the company had launched Versavo (bevacizumab) in the UK market. This is the first biosimilar product of Dr. Reddy’s to be approved and launched in the UK market. Introduction of Versavo in the UK Market The Indian multinational pharmaceutical company informed …
About the partnership EaseMyTrip and Zoomcar have entered into strategic partnership to offer customers unparalleled convenience in their travel arrangements. With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience and flexibility in …
The benchmark index S&P BSE 500 opened today at 31,339.88 and made its day high at 31,339.88, and it is trading in red today, down by around 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Triveni Turbine Ltd Shares …
Good news for IOL Chemicals and Pharmaceuticals Ltd! The Indian pharmaceutical and chemicals manufacturer has successfully finished an inspection by the Brazilian Health Regulatory Agency (ANVISA). This successful audit of their 10 Active Pharmaceutical Ingredient (API) manufacturing units in Barnala, Punjab, indicates a major milestone for IOL Chemicals, as it is opening doors to the …
Tata Steel, a leading Indian steel producer, found itself in the headlines today for a strategic move in its UK operations. The company announced the closure of its coke ovens at the Port Talbot plant in Wales. This decision, part of a more comprehensive restructuring plan, has sent ripples through the industry and impacted Tata …
In a move that could reshape the Indian power transmission landscape, Vedanta’s subsidiary, Sterlite Power Transmission Ltd (SPTL), is reportedly transferring three of its power transmission projects to a joint venture (JV) formed with Singapore’s sovereign wealth fund, GIC. This strategic partnership highlights Vedanta’s ambitions in the power transmission sector and GIC’s growing interest in …
Kishore Biyani, the founder of Future Group, has made an unexpected proposal of ₹476 crore to lenders led by Canara Bank. This offer is intended for a one-time settlement (OTS) of the ₹571 crore debt of Bansi Mall Management Co (BMMCPL), the owner of SOBO Central Mall located in Mumbai’s Haji Ali area. Details of …
Aditya Birla Sun Life Asset Management Company (AMC) is set to undergo a significant change in its shareholding structure. The company’s promoters, Aditya Birla Capital and Sun Life (India) AMC Investments Inc., have announced an offer for sale (OFS) to divest up to 11.47% of their stake, translating to roughly 33 million shares. This comprises …
On Monday, the market had a mixed performance with trading mostly within a narrow range. The main stock index, Sensex, ended slightly higher, up by 0.14% at 72,748.42, while the Nifty50 index also saw a slight increase, up by 0.15% to close at 22,055.70. Among individual stocks, Tata Steel, M&M, and JSW Steel saw gains, …
