PRISM, the parent company of OYO, has withdrawn its previously announced 6,000:1 bonus share proposal following investor feedback regarding its complexity and limited eligibility. The company stated that it will soon introduce a revised and simplified bonus share structure designed to ensure equal participation across all categories of…
Cipla Limited announced on November 3 that it has entered into definitive agreements to acquire a 100% stake in Inzpera Healthsciences Limited. Once the transaction closes, Inzpera will become a wholly owned subsidiary of Cipla, expanding Cipla’s footprint in paediatric and wellness healthcare categories. Transaction details Purchase consideration:…
Gland Pharma Limited, a leading contract development and manufacturing organisation (CDMO) specialising in injectables, reported a 12.3% year-on-year increase in consolidated net profit to ₹184 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with ₹164 crore in the same period last year. The company’s growth…
Vodafone IdeaClarified that no proposal requiring disclosure is currently being considered by the board, following media reports suggesting a potential $6 billion investment from PE firm TGH. CiplaTo acquire a 100% stake in Inzpera Healthsciences for nearly ₹111 crore, expanding its presence in the consumer healthcare segment. Akums…
View on market: Volatility persists, eagerly searching for growth: Asian markets opened lower on Tuesday as investor mood weakened due to soft economic signals from the United States and continued uncertainty about future interest rate moves by the Federal Reserve. The decline in regional shares came even as…
Ambuja Cements Limited has reported that there were no deviations or variations in the use of proceeds from its ₹15,000.05 crore preferential issue for the quarter ended September 30, 2025. The funds, raised in two tranches during 2024, were deployed as per the company’s stated objectives, ensuring full…
DESCO INFRA, a leading player in the infrastructure sector, has reported robust financial performance for the first half of the fiscal year, driven by strong revenue growth and improved profitability. The company’s net profit jumped 94% year-over-year to ₹62.00 crore, while revenue rose 86% to ₹420.00 crore, underscoring…
Wockhardt, a leading pharmaceutical company, has reported a remarkable turnaround in its financial performance for the second quarter of FY2025–26. Despite a marginal decline in revenue, the company posted a net profit of ₹78 crore, reversing a loss of ₹22 crore recorded in the same quarter last year.…
The Indian government has extended the relaxation on stainless steel imports, allowing the sale of non-BIS-compliant (non-Bureau of Indian Standards) steel products until December 31, 2025. The decision, aimed at easing raw material shortages, has received mixed reactions — welcomed by import-dependent industries but opposed by domestic manufacturers…
Resonance Specialties Limited has reported strong financial performance for the second quarter of FY26, driven by consistent demand in both domestic and international markets. The company recorded significant year-on-year growth in revenue and profitability, reflecting its operational efficiency and export-led expansion. Key Financial Highlights Metric Q2 FY26 Q2…
