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Following this development, HPL Electric’s counter surged to hit a new 52-week high of Rs 153.45.

With price erosion expected to hold steady at high single-digits and Alembic targeting 60 70 new product launches from the US plants, mgmt is hopeful of achieving its earlier US revenue target of USD400mn in FY26/27 (vs USD200mn reported in FY23).

The company has set the price band for its proposed initial public offer at Rs 140 to Rs 148 per equity share. Investors have the option to bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

Zydus argued that 'Gluco-D' visually and phonetically resembled 'Glucon-D,' with only an 'N' being omitted, and even the hyphen was replicated

IIHL's bid of Rs 9,661 crore for Reliance Capital was accepted by the lenders, securing 99% of their votes.

This agreement marks the debut of the first high-end motorcycle in collaboration of Hero MotoCorp and Harley Davidson.

In June, China imported 1.6 mbd of seaborne Russian oil, an increase of 12% over May, and Europe purchased 0.42 mbd, a 28% increase over May.

Mined metal production was down 15% quarter-on-quarter.

Analysts of IIFL Capital Services expect Zydus’ US sales to grow 10% cc in FY24 driven by scale up in Revlimid from USD70m in FY23 to USD160m in FY24

This nasal spray is a generic version of Par Pharmaceutical, Inc.'s Nascobal Nasal Spray.