News Overview

The USFDA released an Establishment Inspection Report with a "Voluntary Action Indicated" status for Biocon's Active Pharmaceutical Ingredients facility in Bengaluru.

In contrast, the losers, on the other hand, had names like Hindalco, ONGC, Coal India, SBI, Bharat Elec, Tata Steel, Shriram Finance, HDFC Life, Hero MotoCorp, HCL tech, BPCL, Larsen, and Adani ports.

The project is expected to start operations before June 2025, which will be a huge leap in the expansion of renewable energy.

This purchase order, received from an international client, does not fall under related party transactions as defined by the Companies Act, 2013.

It was reported that several of Star Cement's promoters and promoter group businesses have approached the company with plans to sell their ownership stakes.

While the allotment for Qualified Institutional Buyers (QIBs) was subscribed to 235.88 times

In order to collect roughly ₹840 crore in the primary market, the offer went live for public subscription on December 19.

According to DRHP, the IPO proceeds will be used for capital expenses, including civil construction and interior upgrades at the Viman Nagar office.

Brent crude prices dropped 1 cent to $73.25 a barrel. At $69.60, U.S. West Texas Intermediate crude was down 2 cents from its closing price on Thursday.

Funds from the fresh issue will be used for working capital, capital expenditure, and general corporate purposes.