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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

The government and ONGC, which own 51% and 49% of Pawan Hans, jointly own the business.

The boards of IDFC Ltd and IDFC First Bank finally disclosed the share swap ratio on July 3, bringing clarity to the merger process

The company is likely to announce its allotment on July 5 as the issue closes on June 30, rather than previous closing date of June 29.

Reversal of pre-buy impact in Jan-Mar (related to BS-VI Phase 2) had led to weak volumes in Apr-May. LCV industry declined 3% YoY, which is a continuation of weak trend in recent months.

Chaitanya Rathi has tendered his resignation.

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.

JM hopes to raise up to Rs 1,500 crore for the fund's final closing, including co-investments. As a sponsor pledge to the fund, the group has contributed 10% of the capital.

Employees have been informed of the new structure in order to ensure that their roles and responsibilities are clear and transparent.

According to the report, "the cement capacity is expected to increase by 6% in FY2024, the highest addition in the last five years."