Dalmia Bharat says ED confirms attachment of land worth ₹377 cr in old CBI case
Dalmia Bharat confirmed that the Enforcement Directorate has attached land worth ₹377 crore under PMLA in connection with a 2011 CBI case.
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Birla Corp’s arm wins bid for Kanpa-Junapani limestone block in Telangana
RCCPL, Birla Corp’s subsidiary, has been named the preferred bidder for the Kanpa-Junapani limestone block in Telangana with an 87.05% revenue-sharing offer. Shares of Birla Corporation ended lower on Wednesday (September 24) by 1.25% at ₹1,283 on the NSE.
Promoter Imperial Chem Industries sells 5% stake in Akzo Nobel for ₹765 crore in block deal
Among the buyers, Nippon India acquired 1.8% equity for ₹274 crore, while WF Asian Smaller Companies Fund picked up 1.2% equity for ₹174 crore. Shares of Akzo Nobel India Ltd ended at ₹3,386.60, down by ₹8.05, or 0.24%, on the…
Ipca Labs to license cancer, autoimmune disorder drug to US firm BSS
The agreement will transfer late-stage development, clinical manufacturing, and commercial supply of the biosimilar from Ipca to BSS. Ipca will receive milestone fees for the knowhow and technology transfer, along with royalties on net sales once the product is commercialised.…
Alibaba shares soar after hiking AI budget past $50 billion
Chief Executive Officer Eddie Wu anticipates overall investment in artificial intelligence accelerating to some $4 trillion worldwide over the next five years — and Alibaba needs to keep up. The company will soon add to a plan laid out in…
ED conducts searches on B C Jindal Group over alleged FEMA violations, ₹505 crore remittance under probe
The probe focuses on overseas investments and alleged round-tripping of funds by the B C Jindal Group, particularly Jindal India Thermal Power Ltd. Shares of Jindal Poly Films Ltd ended at ₹588.05, down by ₹7.35, or 1.23%, on the BSE.
Poly Medicure to acquire Italy’s Citieffe Group for ₹324 crore in orthopaedics expansion
Citieffe, based in Italy, specialises in the orthopaedic trauma and extremities segment, with a direct presence in Italy, the US, and Mexico, and distribution across more than 25 countries. Shares of Poly Medicure Ltd ended at ₹1,981.90, up by ₹31.90…
SEBI starts consultation on weekly F&O contracts, longer tenures: CNBC Awaaz sources
According to CNBC Awaaz sources, SEBI has begun consultations on phasing out weekly derivative contracts, after CNBC-TV18 earlier reported a likely move towards monthly expiries.
Lupin gets FDA nod for HIV drug; to be manufactured in Nagpur unit
Lupin has received tentative approval from the US FDA for its generic version of an HIV drug, to be manufactured at its Nagpur facility. Shares of Lupin Ltd ended lower on Wednesday (September 24) by 0.80% at ₹1,991 on the…
Different types of cryptocurrencies and their uses explained
Cryptocurrencies are categorised into CBDCs, payment coins like Bitcoin, tokens built on existing blockchains, stablecoins pegged to fiat or commodities, and altcoins offering features beyond Bitcoin, such as Solana and Cardano.