Uncategorized

Gland Pharma will invest $21 million in its US subsidiary, which will acquire a 60% stake in newly incorporated Novelstar Pharma as the company expands in America.

Kotak Securities’ Anindya Banerjee says FPI outflows, higher import costs and elevated global yields are keeping the rupee under pressure despite strong domestic macroeconomic indicators.

Gold and silver prices rose in domestic futures trade on Thursday as markets assessed US interest rates and looked ahead to India’s festive and wedding season.

HEG Advanced Materials’ subsidiary has received a ₹127.35 crore order from Indus Towers to supply lithium-ion battery banks, days after the companies announced plans to explore BESS solutions for telecom infrastructure.

Insurance CEOs have backed IRDAI’s proposed distribution reforms but want a phased rollout instead of a uniform approach. They say gradual implementation will help protect growth while improving affordability, transparency and customer outcomes. What changes could make the final framework…

Barring information technology (IT), all sectoral indices ended the week lower, with healthcare and auto among the biggest losers. The BSE-listed companies’ combined market capitalisation fell by nearly ₹20 lakh crore during the week.

Jonathan Schiessl, Deputy Chief Investment Officer at Westminster Asset Management discusses India’s appeal for global investors, currency and oil risks, artificial intelligence (AI) uncertainty and what could trigger a bigger allocation to Indian equities.

Anarock Property Consultants may also raise up to ₹110 crore through a pre-IPO placement. If the placement goes ahead, the size of the fresh issue will be reduced by the amount raised through the pre-IPO round.

Sunny Agrawal, Head of Fundamental Research, Retail Desk at SBI Securities expects festive demand to revive auto sales in October-November and said he prefers TVS Motor and Bajaj Auto stocks. He also remains positive on Polycab and selective on recent…

Prestige Estates Projects said the Bombay High Court, in an order passed on September 29, de-registered the Turf View Project in Mahalaxmi, together with a previous order of October 29, 2021, approving the change of promoter, standing restored. What is…