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The product would be manufactured at Lupin’s biotech facility in Pune, which the USFDA had inspected prior to the approval, Lupin had said.

The swap ratio remains the core hurdle. Devyani has proposed a ratio of 1:3, while Sapphire is pushing for 1:2.

The ramp-up at Cambricon underscores the rapid ascent of Chinese chipmakers after Beijing began actively discouraging the use of Nvidia’s product this year, part of a longer-term effort to wean the country off US technology.

Rio Tinto Group, led by new CEO Simon Trott, will cut costs, sell assets worth up to 10 billion dollars, and focus on iron ore and copper, slowing its lithium expansion plans.

The Sensex rose 159 points to close at 85,265, while the Nifty 50 gained 48 points to finish at 26,034, lifted by gains in index heavyweights TCS, SBI Life, Tech Mahindra and Adani Enterprises, which rose between 1% and 2%.

E2E Networks began executing its ₹177-crore IndiaAI Mission order, allocating GPUs to Gnani AI, while L&T’s stake value dropped from ₹1,407 crore to ₹800 crore amid a sharp stock decline.

BEML has won a ₹157 crore order from Loram Rail Maintenance India to manufacture switch rail grinding machines for Indian Railways, adding to the company’s expanding rail and metro portfolio.

The premium property is located within Embassy GolfLinks Business Park, which is the city’s most sought-after office market, the company said in a press release on Wednesday. The Grade-A asset is leased to a top global investment firm.

While the economic landscape for mining continues to shift, profitability today depends heavily on location, power access and operational efficiency — and the gap between the cheapest and most expensive markets remains huge.

Goldman Sachs Strategist Kamakshya Trivedi expects global conditions, including US Federal Reserve rate cuts, to weaken the dollar and support emerging market currencies. While the rupee is now slightly undervalued, he believes sentiment must improve before a recovery starts, with…