Mumbai, October 1: Leading Indian equity indices, the BSE Sensex and NSE Nifty 50 have recorded their eighth consecutive week of losses, with the Sensex falling 570 points to reach 71,909 while the Nifty fell 198.50 points, as the markets have witnessed one of the sharpest declines in recent years. – Market falls for 8 consecutive weeks, the first time in 25 years. – Nifty slipped over 3 per cent this week, worst weekly fall in 6 months – Barring IT, all indices record losses @Nigel__DSouza wraps up the market this week pic.twitter.com/1FEPWQwaax — CNBC-TV18 (@CNBCTV18News) October 1, 2026 This…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Hyderabad, October 1: Indian pharmaceutical major Gland Pharma Limited has announced a $21 million (approximately ₹175 crore) investment in its US subsidiary to acquire a 60% controlling stake in the newly incorporated Novelstar Pharma Inc. The transaction is aimed at expanding Gland Pharma’s presence and market reach in the United States. According to a regulatory filing made today, the company’s Board of Dirctors has approved a capital infusion of $21 million into Gland Pharma USA, its step-down subsidiary. Gland Pharma USA Inc. will use the cash investment to buy 60% of the equity share capital of Novelstar Pharma Inc. The…
Mumbai, October 1: Jio Financial Services Limited (JFSL) and Germany’s Allianz Europe B.V. have jointly invested a total of ₹ 640.10 crore into their general insurance venture, Jio Allianz General Insurance Limited. The equal partners invested ₹ 320.05 crore each on a rights issue basis to strengthen their JV, as it gears up for its commerical plans. According to a regulatory filing submitted by Jio Financial Services to stock exchanges, the fresh capital injection will be deployed to fund ongoing business operations and build technology infrastructure as the JV aims to launch its insurance business subject to requisite approvals from…
New Delhi, September 30: Major renewable energy producer Inox Clean Energy Limited, a part of the INOXGFL Group, has filed its Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI) as it looks to raise ₹10,000 crores from the capital markets. This involves a fresh issue of equity shares worth ₹8,000 crore and an Offer For Sale (OFS) of up to ₹2,000 crores, by promoter Devansh Jain. With this, the IPO would be the largest by a privately held renewable energy company in India. The debt challenge For Inox Clean Energy, this…
Mangaluru, September 30: A major blast and fire were reported at the Mangalore Refinery and Petrochemicals Limited (MRPL) facility near Jokatte on Wednesday afternoon, triggering widespread panic in the area as thick black smoke billowed into the sky. The explosion occurred at around 12:20 PM in the plant’s Hydro Sulphur Treatment (CHT) unit, located approximately 15 kilometres from Mangaluru city, according to local reports. The loud boom was heard several kilometres away in regions including Angaragundi, Surathkal, Kulai, and the Baikampady industrial belt, while rattling windows at the nearby Mangaluru International Airport. Local residents said that the shockwaves shook their…
For years, innovation in nutrition was often measured by what you could add to a formula. The next phase may be defined by a different question: what can actually be demonstrated? India’s nutraceutical industry has been growing at an estimated 12-15% CAGR. The study puts the Indian nutraceutical market at $8-10 billion in 2023 and projects it could reach $18-20 billion by 2027. As the category expands, however, the conversation around innovation is also becoming a conversation about quality, safety and effectiveness. But market expansion also raises the standard that brands must hold themselves to. As more consumers enter the…
Key Takeaways Upcoming Price Hike: Major appliance brands like Daikin, Haier, Godrej, and Blue Star are raising prices on ACs, TVs, and washing machines by up to 8% starting October 1, marking their third price hike this year. Driven by the EV Surge: An electric vehicle requires nearly four times as much copper (~83 kg) as a standard combustion engine vehicle (~23 kg), placing unprecedented pressure on global copper reserves. Supply-Demand Deficit: Coupled with rising consumption from AI data centers and renewable grids, copper prices on the LME have surged nearly 48% year-over-year amid mining disruptions in major producing regions…
New Delhi, September 30: Telecom infrastructure giant Indus Towers Limited has signed a Memorandum of Understanding (MoU) with Replus Engitech Private Limited, a subsidiary of HEG Advanced Materials Limited, for securing dedicated Battery Energy Storage System (BESS) production capacity for its telecom infrastructure. Under the agreement, Replus Engitech will allocate a dedicated manufacturing output of 1.5 GWh to supply advanced battery energy storage solutions tailored specifically for Indus Towers’ nationwide telecom network. This comes at a time when conventional diesel generators have become highly expensive, especially for remote areas, and BESS solutions offer a reliable solution that ensures an uninterrupted…
For Samarth Jaiswal, founder of Omara Jewellery, the company’s IPO will be one of the biggest turning points in his goal to scale up the brand. With the funds raised, Jaiswal aims to strengthen its operating structure, expand its retail presence and prepare the business for its next phase. Samarth has come a long way since he set up the first Omara boutique in Chandigarh in 2015. “My entry into the jewellery business was driven by a strong belief that there was an opportunity to build a more contemporary and customer-focused diamond jewellery brand. I wanted to create a brand…
Mumbai, September 29: Theme park operator Imagicaaworld Entertainment has converted its outstanding preferential warrants into equity shares, raising capital of ₹ 129.45 crore. The promoters executed the conversion at an issue price of ₹ 67.50 per share, a premium of about 43% of the current trading price. The company had issued a total of 2.34 crore warrants at an issue price of ₹73.50 per warrant, with 25% of the total consideration received upfront. Now that the company has received the balance, none remain outstanding and are now converted into equity. With this, the promoter group led by Malpani Parks has shown…
