Vedanta Ltd on Thursday announced that it has been declared the preferred bidder for the Punnam manganese block in Andhra Pradesh, following a competitive e-auction conducted by the state’s Department of Mines & Geology. Block Details and Auction Outcome According to the official notification issued on September 18,…
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, announced that its biosimilar Yesafili (aflibercept) has been included under Ontario’s public insurance system in Canada, improving access for patients with serious retinal disorders. Broader Access Through Public Coverage The funding applies to both vial and prefilled syringe presentations…
Oil India Limited (OIL) has recovered over 91% of its $1 billion investment in Russia’s Vankorneft and Taas-Yuryakh projects, with dividend inflows of around $942 million to date. The company now expects to achieve full recovery in the coming financial year, Chairman and Managing Director (CMD) Ranjit Rath…
Tokyo, September 19, 2025 — SoftBank Group’s Vision Fund is preparing to lay off about 20% of its workforce as founder Masayoshi Son doubles down on bold bets in artificial intelligence, according to multiple reports. Bloomberg, citing people familiar with the matter, said the job cuts would affect…
JK Tyre & Industries expects to bounce back with double-digit revenue growth in FY26, supported by stronger demand for tyres following recent GST cuts and a pickup in automobile sales across segments. The company, which reported muted revenues in FY25, is banking on both the original equipment manufacturer…
Japanese banking major Sumitomo Mitsui Banking Corporation (SMBC) has completed the acquisition of a 20% stake in Yes Bank, making it the largest shareholder in the private sector lender. The deal was executed through a secondary purchase of shares from State Bank of India (SBI) and a consortium…
Reliance Industries Limited (RIL) has announced the merger of its wholly owned subsidiaries in the Middle East as part of its ongoing corporate restructuring efforts. Reliance Exploration & Production DMCC has been amalgamated with Reliance Industries (Middle East) DMCC, with the merger taking effect on September 16, 2025.…
The Securities and Exchange Board of India (Sebi) has dismissed allegations made by Hindenburg Research against the Adani Group, closing a 15-month-long probe into charges of regulatory violations. In its orders issued on Thursday, Sebi cleared Adani Group chairman Gautam Adani, his brother Rajesh Adani, and group CFO…
View on market: Volatility persists, eagerly searching for growth: Asian shares moved mixed after strong cues from the United States and other global markets following the latest interest-rate cut by the US Federal Reserve. Japanese stocks opened firmly higher, while South Korean shares moved slightly lower. Australian shares…
Dixon Technologies (India) Limited has announced plans to acquire a 51% stake in Kunshan Q Tech Microelectronics (India) Pvt Ltd, a manufacturer of camera and fingerprint modules used in mobile handsets, IoT devices, and automotive applications. The deal, valued at ₹552.99 crore, will be executed through a combination…