Indian Market

Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25

Syngene Plans to Triple Bio-Manufacturing Capacity by FY26, Eyes Recovery in H2FY25

/ Indian Market

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 […]

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Kaynes Tech Acquires Iskraemeco India for Rs 43 Crore to Enhance Energy Solutions Portfolio

Kaynes Tech Acquires Iskraemeco India for Rs 43 Crore to Enhance Energy Solutions Portfolio

/ Indian Market

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

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Property Share Investment Trust Files Draft Papers for Rs 353-Crore SM-REIT Public Issue

Property Share Investment Trust Files Draft Papers for Rs 353-Crore SM-REIT Public Issue

/ Indian Market

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

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Temasek and TPG-Backed Dr Agarwal's Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS

Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS

/ Indian Market

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

Temasek and TPG-Backed Dr Agarwal’s Healthcare Files for IPO With Rs 300 Crore Fresh Issue, 6.95 Crore Shares OFS Read More »

NSE Defers T+0 Settlement Cycle, Plans Live Trading from Disaster Recovery Site on Sept 30-Oct 1

NSE Defers T+0 Settlement Cycle, Plans Live Trading from Disaster Recovery Site on Sept 30-Oct 1

/ Indian Market

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.

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Torrent Pharma Shares Dip After CDSCO Flags Shelcal 500 in Quality Test

Torrent Pharma Shares Dip After CDSCO Flags Shelcal 500 in Quality Test

/ Indian Market

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

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Shivalik Bimetal Sees Rs 500 Crore Block Deal with 81.8 Lakh Shares Traded

Shivalik Bimetal Sees Rs 500 Crore Block Deal with 81.8 Lakh Shares Traded

/ Indian Market

On September 27, a block deal involving 81.8 lakh shares of Shivalik Bimetal Controls worth Rs 500 crore was executed at a floor price of Rs 611 per share, which represents a near one percent discount from the previous closing price. Details regarding the buyers and sellers involved in the deal are yet to be

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IT Services Provider Mouri Tech Files for Rs 1,500-Crore IPO with SEBI

IT Services Provider Mouri Tech Files for Rs 1,500-Crore IPO with SEBI

/ Indian Market

Mouri Tech, an IT solutions and services provider, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth Rs 1,500 crore. The IPO will include a fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) worth Rs 1,060 crore by

IT Services Provider Mouri Tech Files for Rs 1,500-Crore IPO with SEBI Read More »

Allcargo Gati announces 10% General Price Increase from January 1, 2025; shares rise 3%

Allcargo Gati announces 10% General Price Increase from January 1, 2025; shares rise 3%

/ Indian Market

Logistics firm Allcargo Gati Ltd (formerly Gati Ltd) on September 26 announced a 10.2% average General Price Increase (GPI) effective from January 1, 2025, for its Express Distribution services. “This is the first price revision since Allcargo Logistics Limited’s strategic acquisition of Gati in 2019, driven by the necessity to align pricing with ongoing operational

Allcargo Gati announces 10% General Price Increase from January 1, 2025; shares rise 3% Read More »

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