Mumbai, September 28: Pharma major Sun Pharmaceuticals has entered into an exclusive lincensing agreement with US based LIB Therapeutics to develop and commercialise lerodalcibep, a third-generation PCSK9 inhibitor designed to treat bad cholesterol. This move grants Sun Pharma exclusive rights to the drug in all global markets except China and the US, with the therapy drug having a market potential of $3.7 billion. Lerodalcibep has been approved for use in the European Union this month while in the US it is approved under the FDA under the brand name Lerochol. According to the agreement, LIB Therapeutics will get upfront payments…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Mumbai, September 28: Real estate major Godrej Properties Limited has announced the launch of a major luxury residential project in South Mumbai’s upscale Marine Lines neighbourhood in a press release to the bourses. The project, to be developed on about 2.5 acres, will offer luxury residences in an area where land availability remains extremely limited. The project will be developed in collaboration with Man Infraconstruction Limited (MICL), the company said in a separate press release. The project will offer premium sea facing residences, giving a total developable area of about 1.7 million square feet. The collaboration involves a revenue sharing…
Mumbai, September 26: Solar energy systems manufacturer Swelect Energy Systems Limited has announced the launch of its new SWEES-EN range of solar hybrid inverters. Specifically tailored for the Commercial and Industrial (C&I) segment, these high-efficiency inverters offer integrated energy storage and power management solutions aimed at addressing the challenges faced in ensuring a reliable and consistent supply of renewable energy. The SWEES-EN series covers a power range from 5 kW to 50 kW, making it suitable for small businesses and mid-sized industrial sites. These hybrid inverters connect solar power, battery storage, and the grid, helping to keep power running…
The cryptocurrency market remains in solidarity with leading exchange Bitget, which fell victim to a sophisticated cyberfraud attack that resulted in a loss of about $351.6 million. The breach, targeted the platforms live wallets, resulted in an immediate freeze on user withdrawals, as Bitget’s technical team moved to contain the damage and prevent further unauthorized transfers. Bitget will begin resuming withdrawals in orderly phases following the security incident identified on September 24. The vulnerability involved in the incident has been identified and remediated. Bitget’s security and technical teams have since been conducting additional… https://t.co/VZu59GnLAN — Bitget (@bitget) September 26, 2026…
It’s been 12 years since PM Modi launched the Make in India initiative during his first term, as he sought to boost India’s manufacturing capabilities. A lot of water has flowed under the bridge since then, with the scheme boosting manufacturing capabilities in India, with the sector now accounting for about 25% of India’s GDP, boosted by a strong 12-14% industrial growth rate and generating 100 million jobs in the manufacturing sector. Though the government has always highlighted these numbers, the initiative hasn’t met the targets set forth by the government, as various challenges- both internal and external, continue to…
New Delhi, September 26: With an aim to strengthen raw material availability, steel giant Steel Authority of India Limited (SAIL) and Bharat Coking Coal Limited (BCCL), a Coal India subsidiary, have signed a Memorandum of Understanding (MoU) to develop two coking coal blocks in West Bengal. This partnership between the two PSUs is aimed at enhancing coking coal availability for steel production and to cut reliance on costly coal imports. This collaboration is aimed at developing two coal blocks with a targeted capacity of about 4 million tonnes per annum (MTPA). By leveraging BCCL’s coal extraction expertise with SAIL’s requirements…
Mumbai, September 24: Kotak Mahindra Group’s asset management arm Kotak Alternate Asset Managers Ltd has announced the final close of its Kotak Yield and Growth Fund with an impressive ₹5,000 crore (about $522 million) being raised from investors pan India. The Fund initially raised ₹3,900 crore in February 2026, while an additional ₹1,100 crore came in subsequently. Most of the investors are prominent institutional investors, family offices and ultra-high-net-worth individuals (UHNIs) from across the country. “The final closing reflects the growing relevance of private credit and real assets in institutional portfolios and the confidence investors have placed in Kotak Alts’…
Ahmedabad, September 24: Used products marketplace OLX India has announced a partnership with Landmark Cars, one of India’s largest car dealerships, to offer its customers an omnichannel experience. OLX India has served more than 5 lakh customers for used cars since inception, and witnesses more than 23 million consumers buying or selling used cars annually. With this partnership, OLX India aims to leverage Landmark’s existing network to address one of the biggest challenges in the used car business, especially for online platforms: the trust deficit. With Landmark’s 140+ retail and service centers on board, this ‘phygital’ model is expected to…
Kolkata, September 23: Mining equipment major Tega Industries has won a significant legal victory for its newly acquired Canadian subsidiary Molycop to halt low cost imports of Chinese grinding media into the market. The Canadian International Trade Tribunal (CITT) has issued a favourable finding in its inquiry regarding the dumping and subsidizing of forged steel grinding media from China. This will allow Molycop to compete in the market in a level playing field, boosting domestic production. The case has come from concerns that forged grinding media- essential components in the mining processing and mining industries-were being imported into Canada at…
Mumbai, September 23: Leading specialty films manufacturer Garware Hi-Tech Films Limited (GHFL), has signed a Memorandum of Understanding (MoU) with US-based Lubrizol to bring the development and manufacturing of its world-class Thermoplastic Polyurethane (TPU) technology to India. With an intention to support the ‘Make In India’ initiative, the collaboration will involve building a technology-led TPU production platform while also supporting the backward integration of manufacturing TPU films for its premium Paint Protection Film (PPF) business. Widely used in footwear, automotive components, textiles and consumer electronics, India currently imports a majority of its requirements, while most Indian factories produce finished TPU…
