Business

Biocon Biologics has announced a significant long-term commercial collaboration with Eris Lifesciences aimed at expanding patient access to a comprehensive portfolio of Metabolics, Oncology, and Critical Care products across India. As part of this collaboration, Biocon Biologics has entered into a 10-year supply agreement with Eris, slated to commence on April 1, 2024. The total … Read more

Investors in Transformers & Rectifiers India have witnessed an exceptional journey, with the stock surging by a staggering 4633% from ₹6.95 per share in April 2020 to ₹330 per share presently. Remarkably, each passing year has brought consistent returns, with the stock delivering over 50% returns annually since CY20. CY23 marked a pinnacle with a … Read more

As market turbulence persists, mid and small-cap retail investors find themselves caught in the storm, facing the brunt of widespread stock declines within these segments throughout the current quarter. Compared to previous years, retail investors are now more heavily invested in these stocks, heightening their exposure to the ongoing market downturn. Bloomberg’s recent report reveals … Read more

IIFL Finance, a prominent non-banking financial company (NBFC), announced on Wednesday that its board has unanimously approved a rights issue to raise up to ₹1,500 crore in capital. This decision comes despite recent regulatory restrictions imposed by the Reserve Bank of India (RBI), prohibiting the NBFC from approving or disbursing gold loans. In a regulatory … Read more

Vodafone Idea, a leading player in the Indian telecommunications sector, has recently made a strategic decision regarding the renewal of spectrum licenses in specific regions. The company has chosen not to renew fractional spectrum licenses in the 900MHz and 1800MHz bands across certain areas, citing compatibility issues with its latest network technology as the primary … Read more

Vedanta, a leading mining conglomerate, announced its intent on Wednesday to challenge an order issued by the Securities and Exchange Board of India (SEBI), which mandates the payment of a hefty penalty of ₹77.6 crore to Cairn UK Holdings Ltd. The Scottish exploration company lodged the penalty claim against Vedanta, citing a delay in dividend … Read more

Tata Motors, one of India’s leading automobile manufacturers, announced on March 13th that it has inked a memorandum of understanding (MoU) with the Tamil Nadu government. The purpose of this agreement is to establish a state-of-the-art vehicle manufacturing facility within the state. According to a regulatory filing by Tata Motors, the MoU outlines plans for … Read more

Reliance Industries Limited (RIL) has recently entered into a definitive agreement with two subsidiaries of Paramount Global, signaling its strategic move to acquire a substantial 13.01% equity stake (on a fully diluted basis) in Viacom 18 Media Private Limited (commonly known as Viacom18). The transaction, valued at a significant Rs. 4,286 crore, underscores RIL’s firm … Read more

Paytm began its round of layoffs about two weeks ago, coinciding with the Reserve Bank of India’s restrictions on Paytm’s Payment Bank, which have resulted in the suspension of several key business operations. Additionally, the layoffs at Paytm have already commenced, with reports indicating that the company’s decision comes amidst regulatory constraints imposed by the … Read more

Early Wednesday trading saw Dow Jones futures exhibiting marginal changes, reflecting the overall stability observed in S&P 500 and Nasdaq futures. Despite the release of a core CPI inflation reading on Tuesday that surpassed expectations, the stock market rally continued to show resilience. Notably, Oracle (ORCL) surged following earnings, while Nvidia (NVDA) rebounded. While major … Read more

Amidst turbulent market conditions witnessed by the Sensex and Nifty, domestic institutional investors (DIIs) demonstrated a robust show of confidence by purchasing shares worth Rs 9,093.72 crore on March 13. In stark contrast, foreign institutional investors (FIIs) were net sellers, offloading shares amounting to Rs 4,595.06 crore on the same day, as per provisional data … Read more

British American Tobacco’s (BAT) subsidiary, Tobacco Manufacturers India, concluded a significant stake sale in ITC Limited by offloading 43.68 crore shares, equivalent to a 3.50 percent equity stake, at a price of Rs 400.25 per share. This transaction, totaling Rs 8,742.48 crore, marked BAT’s strategic move to divest its holdings in ITC. BAT executed a … Read more

In an interview with The Economic Times on March 13, PSMC Chairman Frank Huang disclosed that the inaugural semiconductor chip from the joint venture between the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) is slated to launch by the end of 2026.” Huang, aged 74, revealed that while the specifics of the partnership … Read more

In a significant development for the renewable energy sector, SJVN Green Energy Limited, a subsidiary of SJVN Limited, has clinched a monumental deal worth ₹2,700 Crore from Gujarat Urja Vikas Nigam Limited (GUVNL) for the establishment of a state-of-the-art 500 MW Solar Power Project. The project is part of GUVNL’s Phase -XXI initiative and is … Read more

On March 13, Nazara Technologies announced its plan to allocate $100 million (approximately Rs 830 crore) for mergers and acquisitions over the next 24 months. As the oldest gaming company in India, Nazara aims to bolster its global presence through strategic investments, marking a significant move towards expansion. The company is actively seeking investment opportunities … Read more

In a landmark event marking a significant stride towards India’s technological sovereignty, Tata Group Chairman Natarajan Chandrasekaran celebrated the pivotal role played by PSMC in broadening the nation’s access to a diverse array of cutting-edge technologies. Addressing the gathering at ‘India’s Techade: Chips for Viksit Bharat’, Chandrasekaran emphasized the transformative impact of semiconductor plants, positioning … Read more