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It stated that Iran’s petrochemical sector has grown substantially in recent years, generating billions of dollars in illicit funds, which are then funneled into regional conflicts and destabilisation efforts.

The promoters will have an option to convert these into shares in one or more phases at any time within a period of 18 months from the allotment date.

Following the transaction, Tata Motors has agreed to uphold certain non-financial commitments related to employment and operations for at least two years after the deal closes.

The Fed stuck to its guns that the time was not ripe to cut rates unless there was clarity on the tariff impact

The company reported an EBITDA of ₹7,427 Crore. This came in about 11% higher than ₹6,694 Crore reported in the year-ago period.

On the other hand, EBITDA for the quarter stood at ₹3,718 Crore. This was marginally down against ₹3,744 Crore in the previous corresponding period.

Lannett is a legacy pharmaceutical firm founded in 1942.  It is headquartered in Trevose, Pennsylvania, brings with it a deep expertise in manufacturing complex generics.

The order inflow during the quarter jumped more than fourfold to ₹11,339.2 crore. This is compared to ₹2,436.7 crore in the same period last year.

The company said that auto and farm businesses posted strong growth trajectory on higher margins with profits registering 20% growth.

The MoU is set to fast-track inclusive growth, future-ready development, harnessing the strengths of each entity to resolve pressing development problems.