Author: Abizar Attari
News Editor

New Delhi: Once again, the Supreme Court has shown that affordability always wins over profits, as it has refused to interfere with the Delhi High Court’s interim order restraining Natco Pharma from producing a copycat generic version of Swiss drug maker Roche’s Risdiplam. This is the latest development in the long-running legal tussle between the two companies, where Roche has accused Natco of infringing on its patent to treat Spinal Muscular Atrophy(SMA), a rare disorder that affects about 1 in every 7,744 live births in India. Roche has developed, and marketed the drug under the brand name Evrysdi, the only…

Devbhoomi Dwarka: Following the increased scrutiny of cough syrup manufacturers across India following the deaths of 20 kids in Madhya Pradesh and Rajasthan due to toxic cough syrups, authorities have uncovered a new racquet to sell alcohol in ‘dry’ Gujarat. Bootleggers have been found to distribute illicit alcohol in Gujarat under the guise of ‘herbal cough syrup’, using neighbourhood paan shops as the preferred mode of distribution. Further investigation showed how the raw materials for making this cough syrup were sourced from companies in Ahmedabad and Surendranagar and sent to Punjab for manufacturing.  The finished product was reintroduced as Ayurvedic…

Gandhinagar: The BJP in Gujarat has overhauled the Gujarat government, forcing most of the cabinet to resign, save 6 ministers, including Chief Minister Bhupendra Patel and Home Minister Harsh Sanghavi in an event at Gandhinagar earlier on October 17. This move was necessitated due to the resignation of all ministers earlier this week, especially as the Bhartiya Janta Party (BJP)-led government looks to prepare for the upcoming civic and assembly elections way ahead in advance. There were strong rumors about a potential reshuffle in the Gujarat cabinet after long time Navsari MP CR Paatil was replaced by Jagdish Vishwakarma as…

Bangalore: Ola Electric, one of India’s most admired startups, has silenced critics concerned with its falling revenues with a new product in a new industry for a solution that no domestic company is offering, yet. And Ola’s flamboyant promoter, IIT-educated Bhavish Aggarwal, seems to have used the festive season as the perfect launchpad for the ambitious revival – and resurgence of his brand. A new chapter in energy has begun. From vision to reality, Ola Shakti marks the next leap in India’s journey toward self-reliant, sustainable power. Here’s a glimpse from the launch that set the current in motion. ⚡…

Mumbai: One of India’s most recognised long-term Mutual Fund houses, Canara Robeco Asset Management Company (AMC) is all set to make its market debut today after shares were allotted on Tuesday, October 14, and a 7% gain expected on listing. This pure Offer For Sale (OFS) issue offered 4.99 crore shares from existing shareholders, Canara Bank and ORIX Corporation Europe N.V. The issue, which ran between October 9-13, saw the issue oversubscribed almost 10 times with the Grey Market Premium (GMP), the expected price for the shares post-listing, hovering around 3-13% from the issue date. Canara Robeco is one of…

New Delhi: Almost five months after bidding closed, the Competition Commission of India (CCI) has announced Anil Agarwal-led Vedanta Ltd as the winner to acquire the bankrupt Jaiprakash Associates(JAL), the commission said in a release on Tuesday, October 14. C-2025/09/1328: Commission approves acquisition of Jaiprakash Associates Limited by Vedanta Limited pic.twitter.com/1AMPhHRk62 — CCI (@CCI_India) October 14, 2025 Vedanta secured the bid with an offer of Rs.17,000 crore, beating Adani’s ₹12,600 crore offer for the beleaguered company with business interests in hotels, cement, real estate, sports and power generation. Based on this deal, Jaiprakash Associates’ lenders will receive a 71% haircut…

New Delhi: LT Foods Ltd, the Delhi-based brand behind the ‘Dawat’ basmati rice brand, has announced the acquisition of Hungary-based canned vegetable manufacturer, Global Green Europe Kft  for €25 million. This acquisition will help the brand expand its portfolio beyond rice and pulses, and explore mature markets in Europe. According to a press release filed to the bourses, Global Green Europe exports processed canned and jarred foods across 20 European countries, with production facilities based in Hungary. The company is a key player in the production of jarred peas, sour cherries, silver skin onions and gherkins, besides canned sweet corn,…

Ahmedabad: The Gujarat High Court, following a writ petition filed by the Income Tax Bar Association, has directed the Central Board of Direct Taxes (CBDT) to extend the due date for filing Income Tax Returns (ITR) for the financial year 2024-25 to November 30, 2025. The court observed that while the date for filing tax audit reports was extended to October 31, it is essential to maintain a gap of one month between the tax audit report filing and ITR filing, as per the provisions of the Income Tax Act. A bench of judges, Pranav Trivedi and Bhargava Kariya noted…

Mumbai: Emirates NBD, the UAE’s second-largest bank, is reportedly looking to acquire a controlling stake in Mumbai-based RBL Bank, with an investment of up to $3 billion for a controlling stake, as per various news reports. This development comes five months after the company considered buying a controlling stake in Yes Bank but lost out to Japan-based SMBC. Earlier known as Ratnakar Bank, RBL’s shares have been on fire lately, with the stock surging almost 40% in a year, outperforming the larger NIFTY Bank index by 10%. The mid-sized bank currently has three-quarters of its 562 branches located in urban…

Stockholm, Sweden: The 2025 Nobel Prize in Economics has been awarded to three researchers who explained how innovation and technological progress have driven sustained economic growth and prosperity. Joel Mokyr from Northwestern University, Illinois; Peter Howitt from Brown University, Rhode Island; and Philippe Aghion from the London School of Economics, UK, have been instrumental in helping economists and policymakers better understand the roots of economic progress and the conditions that foster innovation. Collectively, these three researchers laid the foundation for modern theories explaining the origin of economic growth- proving how innovation, entrepreneurship and knowledge accumulation have driven long-term economic performance. …