The government flagged concerns over inflated revenues and concealed liabilities, suggesting that Vedanta altered its demerger scheme after receiving a NOC from the SEBI and stock exchanges.
Once limited to crypto trading, stablecoins are now used for payments and dollar access worldwide, pushing them into mainstream finance. The surge has prompted governments from the US to Japan to roll out new regulatory frameworks.
Infosys MD & CEO Salil Parekh said their early focus on Project Maximus, to improve margins, provides them room to participate in cost takeout deals.
European stocks opened lower on Wednesday, with defence shares weighing on the Stoxx 600. Traders also digested hotter UK inflation data and awaited clues from the US Federal Reserve’s Jackson Hole symposium.
India’s energy security and net zero plan provides NTPC with a decadal growth opportunity and it sees upside risk to this target, CLSA said.
While Aurobindo Pharma did not mention any specific media report on its acquisition, ET.com on Wednesday reported, citing sources, that the company has emerged as the frontrunner to acquire Zentiva, a Prague-based generic drugmaker, for $5 billion – $5.5 billion…
In an exchange filing, Nacto Pharma said it has launched Bosentan tablets for oral suspension (TFOS), 32mg, a generic version of Tracleer by Actelion Pharmaceuticals US Inc. NATCO’s marketing partner for the product is Lupin Ltd.
As a result of their debottlenecking initiatives and incremental capex that Dynamic Cables has undertaken at its existing plant over the last six months, the ramped-up production capacity can now support revenue of up to ₹135 crore per month, higher…
CLSA’s global chartist Laurence Balanco considers 24,000 a crucial support zone, as it includes the 200-day moving average. As long as the index stays above this level, he believes the market has room for another upward leg.
Independent EM Commentator Geoffrey Dennis sees recovery momentum picking up after a tough phase, with India better placed than many other emerging markets to handle global uncertainty.