Piramal Pharma announced on September 30 that it will invest $80 million to expand its sterile injectables facility in Lexington, Kentucky. The investment, financed through a mix of bank loans and internal funds, aims to boost the facility’s capacity to meet growing demand. Nandini Piramal, Chairperson of Piramal Pharma, highlighted the strategic significance of this […]
Shares of Max Estates Limited surged over 3 percent to Rs 627 in early trade on September 30 after the company reported strong pre-sales of Rs 4,100 crore for its Gurugram-based Estate 360 project, exceeding its FY25 target of Rs 4,000 crore. Max Estates also collected Rs 400 crore from the project and raised its
Max Estates Shares Climb 3% on Rs 4,100-Crore Pre-Sales for Estate 360 Project Read More »
Shares of Welspun Enterprises climbed 3 percent in early trade on September 30 after the company secured a contract worth Rs 1,989.9 crore from the Brihanmumbai Municipal Corporation (BMC). At 09:20 am, the stock was trading at Rs 574.40 on the BSE, up by Rs 17.75. The contract involves designing and constructing an 8.48 km
Welspun Enterprises Rises 3% on Securing Rs 1,990 Crore Contract from BMC Read More »
Syngene International is optimistic about a recovery in the second half of FY25, as it aims to balance its research-to-manufacturing ratio from 60:40 to 50:50, focusing on stronger growth in manufacturing. The company also plans to triple its bio-manufacturing capacity by FY26. Shares of Syngene closed almost 1% higher at Rs 888, up 25% in
Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25 Read More »
Kaynes Technology has acquired 100% ownership of smart meter company Iskraemeco India, previously held by Iskraemeco Switzerland A.G. and Iskraemeco Merjenje, for Rs 43 crore. This acquisition strengthens Kaynes Tech’s portfolio in energy management solutions, expanding its product and service offerings. Iskraemeco India is engaged in supplying, installing, operating and maintaining smart meters. The company
Kumar Arch Tech, a leading PVC blend-based building materials manufacturer, has filed draft papers with SEBI to raise Rs 740 crore through an initial public offering (IPO). The IPO will consist of a fresh issue of shares worth Rs 240 crore and an offer-for-sale of shares worth Rs 500 crore by promoters, as per the
Kumar Arch Tech Plans Rs 740 Crore IPO, Files Draft Papers with SEBI Read More »
Property Share Investment Trust (PSIT), India’s first registered Small and Medium Real Estate Investment Trust (SM-REIT), has filed draft documents with SEBI to raise up to Rs 353 crore through a public issue. The funds will be raised under a new scheme, ‘PropShare Platina,’ which marks the first scheme by PSIT. PropShare Platina will comprise
Property Share Investment Trust Files Draft Papers for Rs 353-Crore SM-REIT Public Issue Read More »
Dr Agarwal’s Healthcare, backed by Temasek Holdings and TPG, has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) on September 27. The eye care services provider aims to raise funds through a mix of a Rs 300 crore fresh equity issue and an offer-for-sale (OFS) of 6.95
The National Stock Exchange of India (NSE) has postponed its plan to implement the T+0 rolling settlement cycle in the capital market segment, with a new date to be announced later. The T+0 system, introduced in March, allows for same-day trade settlements, providing an alternative to the T+1 cycle, which settles trades the next day.
Torrent Pharmaceuticals’ shares opened slightly lower on September 27 after the Central Drug Standards Control Organisation (CDSCO) reported that Shelcal 500, one of its popular calcium supplements, failed a quality test. Torrent Pharma refuted the findings, asserting that they did not manufacture the batch of Shelcal 500 flagged by CDSCO and is “spurious.” The company
Torrent Pharma Shares Dip After CDSCO Flags Shelcal 500 in Quality Test Read More »
