Category: Business

Business

Glottis Limited fixes IPO price band at ₹120-₹129 per share

Posted on By admin
Glottis Limited fixes IPO price band at ₹120-₹129 per share

Chennai based Glottis Limited, which offers multi-modal integrated logistics solutions, has announced to tap the capital market to raise upto ₹160 crore through a fresh issue of its equity shares and ₹147 crore via Offer for Sale (OFS) by Ramkumar Senthilvel and Kuttappan Manikandan, the Promoter Selling Shareholders. The price band has been fixed between ₹120-₹129 per equity…

Read More “Glottis Limited fixes IPO price band at ₹120-₹129 per share” »

Business

U.S. FDA nod for Lupin’s copy of Gilead Sciences’ HIV drug  

Posted on By admin
U.S. FDA nod for Lupin’s copy of Gilead Sciences’ HIV drug  

Generic drugmaker Lupin has received tentative approval from the U.S. Food and Drug Administration for its abbreviated new drug application for Bictegravir, Emtricitabine and Tenofovir Alafenamide Tablets, 50 mg/200 mg/25 mg. The tablets are bioequivalent to Gilead Sciences Biktarvy Tablets, 50 mg/200 mg/25 mg and indicated for treatment of human immunodeficiency virus infection in…

Read More “U.S. FDA nod for Lupin’s copy of Gilead Sciences’ HIV drug  ” »

Business

Sensex, Nifty decline for fourth day on profit taking in bank, auto shares; Sensex down 386 points

Posted on By admin
Sensex, Nifty decline for fourth day on profit taking in bank, auto shares; Sensex down 386 points

A guard walks past the logo of the National Stock Exchange at its headquarters in Mumbai, September 17, 2025. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty fell for the fourth consecutive day on Wednesday (September 24, 2025) owing to profit-taking in banking, auto, and capital goods shares, as well as foreign…

Read More “Sensex, Nifty decline for fourth day on profit taking in bank, auto shares; Sensex down 386 points” »

Business

Rupee recovers 2 paise to close at 88.71 against U.S. dollar

Posted on By admin
Rupee recovers 2 paise to close at 88.71 against U.S. dollar

Image for representational purposes only. | Photo Credit: Reuters The rupee recovered 2 paise from its all-time closing low to settle at 88.71 (provisional) against the U.S. dollar on Wednesday (September 24, 2025), as steep tariffs and H-1B visa related issues kept the domestic unit under pressure. Forex traders said rupee is hovering near its…

Read More “Rupee recovers 2 paise to close at 88.71 against U.S. dollar” »

Business

Adani says SEBI ruling vindicates group, signals resilience in post-Hindenburg era

Posted on By admin
Adani says SEBI ruling vindicates group, signals resilience in post-Hindenburg era

Adani Group Chairman Gautam Adani speaks after receiving a clean chit from SEBI over the Hindenburg allegations, on September 22, 2025. | Photo Credit: PTI In a strongly-worded letter to shareholders, Adani Group chairman Gautam Adani on Wednesday described the market regulator SEBI’s dismissal of key allegations from the Hindenburg Research report as a “powerful…

Read More “Adani says SEBI ruling vindicates group, signals resilience in post-Hindenburg era” »

Business

Walmart-backed PhonePe files confidential IPO

Posted on By admin
Walmart-backed PhonePe files confidential IPO

Phonepe is part of other payment aggregators like MobiKwik which filed for IPO. File. | Photo Credit: K. Murali Kumar Walmart-backed payments aggregator PhonePe has filed for an Initial Public Offering, according to company spokesperson. “PhonePe Limited has filed the Pre-filed Draft Red Herring Prospectus with SEBI and the Stock Exchanges, under Chapter IIA of…

Read More “Walmart-backed PhonePe files confidential IPO” »

Business

India-U.S. to increase energy trade in coming years: Commerce Minister Goyal says in New York

Posted on By admin
India-U.S. to increase energy trade in coming years: Commerce Minister Goyal says in New York

Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York, USA, on September 23, 2025. | Photo Credit: PTI India expects to increase its energy trade with the U.S. in the coming years,…

Read More “India-U.S. to increase energy trade in coming years: Commerce Minister Goyal says in New York” »

Business

Stock markets decline in early trade on foreign fund outflows, U.S. H-1B visa fees concerns

Posted on By admin
Stock markets decline in early trade on foreign fund outflows, U.S. H-1B visa fees concerns

Foreign Institutional Investors offloaded equities worth ₹3,551.19 crore on September 23, 2025, according to exchange data. File | Photo Credit: PTI Benchmark indices Sensex and Nifty fell in early trade on Wednesday (September 24, 2025) as foreign fund outflows and concerns over the steep hike in U.S. H-1B visa fees continue to dent investors’ sentiment. …

Read More “Stock markets decline in early trade on foreign fund outflows, U.S. H-1B visa fees concerns” »

Business

Rupee falls 7 paise to 88.80 against U.S. dollar in early trade

Posted on By admin
Rupee falls 7 paise to 88.80 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. File. | Photo Credit: Reuters The rupee depreciated 7 paise from its all-time closing low to 88.80 against U.S. dollar in early trade on Wednesday (September 24, 2025) dragged down by tariff and H-1B visa…

Read More “Rupee falls 7 paise to 88.80 against U.S. dollar in early trade” »

Business

OpenAI shows off Stargate AI data centre in Texas and plans 5 more elsewhere with Oracle, Softbank

Posted on By admin
OpenAI shows off Stargate AI data centre in Texas and plans 5 more elsewhere with Oracle, Softbank

The afternoon sun was so hot that OpenAI CEO Sam Altman traded his usual crewneck sweater for a T-shirt on the last legs of a Tuesday visit to the massive Stargate artificial intelligence data centre complex that will power the future of ChatGPT. OpenAI announced Tuesday that its flagship AI data centre in Texas will…

Read More “OpenAI shows off Stargate AI data centre in Texas and plans 5 more elsewhere with Oracle, Softbank” »

Business