In case MSN launches the generic version of the drug in July 2025, Divi’s Laboratories’ estimated earnings from Entresto API could be ₹700 crore in FY26. If the MSN launch is delayed, Divi’s can make around ₹1,000 crore to ₹1,200…
Marko Papic, Chief Strategist at BCA Research, expects oil prices to rise in the near term, driven largely by geopolitical risks centred around Iran. He sees limited impact from other players in the Middle East, stating that “the only country…
Brokerage firm Morgan Stanley views this opening in Uttar Pradesh as a positive step and would closely track the company’s pace of expansion in the state, where the opportunity to open stores remains large.
MobiKwik made a strong start to its journey as a public company, listing at a premium of 58% to its IPO price of ₹279. However, the stock has corrected nearly 64% from its post-listing high of ₹698.
Brent crude surged over 4% on Tuesday (June 17) and stayed elevated through Asian trade on Wednesday (June 18). The gains came amid escalating tensions in the Middle East, where the Iran-Israel conflict has now entered its sixth day.
Promoters of Vishal Mega Mart sold stake worth nearly ₹10,500 crore on Tuesday, and India’s large domestic mutual funds, SBI MF, Kotak MF and HDFC MF were the buyers in that transaction.
The company said the five observations are procedural in nature. There was no observation related to data integrity reported, it added.
In the international market, spot gold was flat at $3,388.04 an ounce by 0341 GMT. US gold futures hovered around $3,406.50 per ounce.
Ahead of the IPO opening, Arisinfra Solutions has garnered ₹225 crore from anchor investors. Among these investors are notable names such as Astorne Capital VCC, Niveshaay Hedgehogs Fund, and Citigroup Global Markets.
As per the new draft legislation, part of US President Donald Trump’s One Big Beautiful Bill, incentives for wind and large-scale solar projects would end by 2028. Credits for home solar installations and energy-efficiency improvements would end even earlier.