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Generics must not be imperiled over data protection: Satish Reddy, Chairman, Dr Reddy's Laboratories
Dr Reddy's chairman, Satish Reddy, has raised concerns about compromising India's competitive edge in generics for foreign investments. He stresses the importance of aligning capital with developmental needs and enhancing collaboration between academia and industry. Advocating for a national mission akin to China's, he highlights the necessity of structured government procurement to stimulate drug innovation and underscores AI's transformative role in drug discovery, contingent on adaptive regulatory systems.
Jana Capital downgrade unlikely to have bearing on Jana Small Finance Bank
Sources said there is no cross-default linkage between the debt of Jana Small Finance Bank and Jana Capital, with the holding company continuing to pare its stake in the lender
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: Chandrasekaran
Indian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five years. Tata Group Chairman N Chandrasekaran revealed this at the company's AGM, highlighting plans for the upcoming 50-floor, 500-room Taj Bandstand in Mumbai, a project expected to cost around Rs 2,000 crore and become an iconic landmark.
Pragyawan Technologies Files IPO Papers With SEBI Comprising Fresh Issue Of Shares Valued At Rs 400 Crore
Pantomath Capital Advisors is the sole book running lead manager to the public issue.
TMC Transformers Files DRHP With SEBI For Rs 550 Crore IPO
IPO proceeds will fund a new EHV transformer plant in Gujarat and support working capital needs.
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.
Quick Wrap: Nifty Realty Index records a surge of 3.58%
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GST collections move up around 14% on year
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Delhi EV Policy 2026 paves way for hydrogen-powered vehicles
Delhi's new Electric Vehicle Policy 2026 paves the way for hydrogen fuel-based vehicles within four years, aiming to curb vehicular emissions, a major contributor to air pollution. The city plans to introduce two hydrogen-powered buses soon, with the Delhi Transport Corporation collaborating with NTPC for this initiative. This move signifies a significant stride towards cleaner, sustainable public transportation and a future-ready mobility ecosystem for the national capital.
EUR/INR gains half a percent to move near 109 mark
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Capitalmind AMC stays cautious on midcap IT, sees AI uncertainty weighing on outlook
Anoop Vijaykumar, Head-Equities at Capitalmind AMC, said the investment firm has limited exposure to IT because of uncertainty around AI's impact on earnings and business models. He said large-cap IT offers better valuation comfort than midcaps, while select mid-sized private banks remain attractive due to steady loan growth and reasonable valuations. Vijaykumar also advised caution on industrial and capital goods stocks, saying much of the growth optimism is already reflected in prices. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
I Squared, TPG-CPPIB consortium nears bid for KKR-backed Re Sustainability
I Squared Capital and a TPG-CPPIB consortium are preparing final bids for KKR-backed Re Sustainability in a deal valued at up to $1.4 billion, as rival private equity firms exit the race.