The government on Tuesday (June 2) said the state-owned NHPC Ltd offer for sale (OFS) received an enthusiastic response from investors and was subscribed 3.47 times on the first day of bidding. The government said allocation in the OFS will be carried out on a price priority basis. It also stated that the entire green…
The government has invited applications to fill two whole-time member posts at the markets regulator Securities and Exchange Board of India (Sebi). Currently, there are four whole-time members (WTMs), including Kamlesh Chandra Varshney, Amarjeet Singh, Sandip Pradhan and KVR Murty. Varshney and Singh will complete their three-year tenure in September, although they are eligible for…
Industrial engineering company John Cockerill India Ltd and its wholly-owned subsidiary John Cockerill Metal International SA have received a contract from JSW Vijayanagar Metallics for the design, engineering, supply, building supervision and commissioning of annealing and pickling lines for a CRNO project. The aggregate contract value is estimated at ₹1,250-1,300 crore. John Cockerill India on…
Prism, the parent firm of global travel tech unicorn Oyo, has received the approval of the markets regulator Sebi to raise Rs 6,650 crore through its initial public offering (IPO), people familiar with the development said on Tuesday, as reported by news agency PTI. Earlier in December-end 2025, OYO’s parent entity PRISM filed the preliminary…
Pharmaceutical company Concord Biotech Ltd on Tuesday (June 2) said it has received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application (ANDA) for mycophenolate mofetil for oral suspension USP, 200 mg/mL. The company said mycophenolate mofetil is an antimetabolite immunosuppressant indicated for the prophylaxis of organ rejection in…
Bitcoin slid to a nearly two-month low on Tuesday, June 2, extending recent losses after top corporate holder Strategy sold a portion of its Bitcoin holdings for only the second time in its history, while escalating geopolitical tensions in West Asia dampened investor sentiment. The world’s largest cryptocurrency fell as much as 3.9% to $70,287.3,…
Adani Ports and Special Economic Zone Ltd on Tuesday (June 2) said it handled cargo volume of 48.3 million metric tonnes (MMT) in May 2026, registering a 16% year-on-year increase. The growth was led by liquid cargo, which rose 33% year-on-year, and containers, which increased 17% from the year-ago period. For the year-to-date period ended…
The government’s offer for sale (OFS) in NHPC was subscribed 3.47 times on June 2, DIPAM Secretary Arunish Chawla said. He added that allocation will be carried out on a price-priority basis. Retail investors and employees can place bids on June 3, 2026, while the government will exercise the entire 3 per cent greenshoe option…
India’s pharmaceutical sector enters FY27 on a strong footing, backed by improving domestic demand, new product opportunities and healthy balance sheets, according to Neha Manpuria, Senior Analyst – Pharma, Healthcare at BofA Global Research. The March quarter reflected broad-based strength across the industry, with domestic formulations emerging as a key growth driver. Market growth in…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
