Gland Pharma‘s board has approved a $21 million investment in its US subsidiary, Gland Pharma USA Inc., which will use the funds to acquire a 60% stake in newly incorporated Novelstar Pharma Inc., according to a regulatory filing on Thursday. The investment is aimed at expanding Gland Pharma’s business in the US. The transaction is…
The Indian rupee could weaken towards 97 against the US dollar in the near term and may fall further to 98.5-99 if the 97 level is breached, according to Anindya Banerjee, Head of Research, Currency, Commodity and Interest Rate Derivatives at Kotak Securities. Banerjee said the rupee is facing pressure from several fronts, including foreign…
Dhanlaxmi Bank‘s gross advances grew 22.29% year-on-year (YoY) to ₹15,948 crore in the quarter ended September 30, 2026, while total business rose 21.08% to ₹36,500 crore, according to the lender’s provisional business update. Total business stood at ₹30,146 crore a year earlier. Deposits increased 20.15% YoY to ₹20,552 crore from ₹17,105 crore, while current account…
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Noida-based HEG Advanced Materials’ subsidiary Replus Engitech has received orders worth ₹127.35 crore from Indus Towers, formerly known as Bharti Infratel, for the supply of lithium-ion battery banks, the company said in a regulatory filing on Thursday, October 1. The orders were placed by a domestic entity and are scheduled to be executed by May…
JBM Auto registered 274 electric buses in September 2026, the highest among manufacturers in India, giving it a 33% share of the country’s electric bus registrations during the month, according to Vahan data cited by the company in an exchange filing. The company registered 892 electric buses between April and September 2026, accounting for around…
Citi Wealth would have welcomed a deeper stock-market correction this year, seeing any bigger pullback as an opportunity to buy. Citi Wealth would have welcomed a deeper stock-market correction this year, seeing any bigger pullback as an opportunity to buy as strong corporate earnings continue to underpin equities. Continue Reading with CNBC-TV18 Access Membership Priority…
Capital Small Finance Bank reported continued growth in its loan book and deposits in the September quarter, while its asset quality improved sequentially, according to the lender’s business update on Thursday, October 1. Gross advances rose 23.4% and 7.5% to ₹9,755 crore from ₹7,907 crore a year ago and ₹9,074 crore in the June quarter,…
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