The market opportunity for the drug is huge in the world#39;s most populous country, where obesity rates are high especially among women. Illegal copycat versions of Wegovy are already being sold through online sites.
This is also the first wide body aircraft to be leased through the GIFT City, the country#39;s first International Financial Services Centre (IFSC).
Valuation undemanding, but the improvement in the company’s earnings to be incremental
AÂ special regulatory regime for large unlisted companies is a right step, but it should go beyond preventing malpractices and encourage more transparency too
Overseas investors such as the IHC have backed Adani in the face of allegations raised by U.S. short-seller Hindenburg Research in January that the apples-to-airports conglomerate engaged in stock manipulation and had amassed significantly high debt.
Indian tycoon Anil Agarwal’s mining company is seeking to pay back a portion of the dollar bonds maturing in 2024 and 2025 in cash, with the remainder of the principal deferred for three years from the original due date, the people said, asking not to be identified because the discussions are confidential.
The country#39;s largest state-owned steel producer also said the company was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique.
Coking coal and iron ore are the two main raw materials used to manufacture steel. Ferguson Maidment Co audited the annual accounts that Adani Energy Holdings and its subsidiaries filed with British government agency Companies House last month, FT reported.
"The issue received overwhelming response from investors, with bids for more than Rs 14,180 crore against a base issue size of Rs 1,000 crore and green shoe option of Rs 4,000 crore," it said in a statement.
The company has informed its lenders of the restructuring and could announce the plans in the coming days, according to the people.
Australian Transport Minister Catherine King said three weeks ago that the examinations of 13 Australian women who had boarded a Qatar Airways plane to Sydney were a factor in her decision in July to refuse the Qatar government-owned airline additional flights to Australia.
"The company has acquired 51 per cent of the expanded share capital of TCNS, thereby acquiring control over TCNS," ABFRL said in a late night regulatory filing on Tuesday.
Additionally the appeal also called for measures to be taken to support the artisans during this period, thereby ensuring that there is no adverse impact on their livelihoods.
Speaking at an event here, the veteran industry leader noted that the central government over the last nine years has been bringing in a series of reforms and improvements in the business environment.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission.
Oravel Stays Ltd had clocked an adjusted EBITDA (Earnings Before Interest Tax Depreciation and Amortisation) of Rs 175 crore in the first quarter of financial year 2023-24 (Q1 FY24) between April-June, Agarwal had told employees in a townhall recently, sources said earlier.
India will continue to sell about 3 million tons a month to global markets for rest of the year, CRU Group said.
IndiGo is the country#39;s largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations.
The carmaker, which sold 15,822 units in the Indian market in 2022, its highest ever in the country so far, anticipates the overall luxury car segment to post its best ever performance this calendar year.
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The DGCA said it would be in the interest of the parties that petitioner airline, Akasa Air, complies with the mandate of the aviation regulator to maintain a limited schedule if it does not have the necessary number of pilots to maintain flight operations.
This round was led by investors G Vamshi Raju, Starfish Ventures, and several Hyderabad-based angel investors, the company said.
The rupee had climbed to near 82.80 against the U.S. dollar following JPMorgan#39;s decision to include India in its flagship emerging market index, but it could not sustain the rally and was currently slightly weaker than what it was before the inclusion at 83.1125.
Gold loan companies may not see the same rate of growth as they have in the past, but are unlikely to be run over by banks as most investors fear, says Digant Haria, founder of Green Edge Wealth
The September 22, claim by the tax department is 3.5x Delta Corp’s last closing market cap and more than double the company’s last decade’s revenue. One saving grace is that the company is debt free.
Key to the Osaka-based company’s strategy are securing local tie-ups to lift the profile and sales of its PC games in emerging markets and expanding its offerings of console-quality titles to smartphones, the 58-year-old executive said in an interview. India is a focus area, he said.
Lupin has been exclusively marketing these brands in the Indian market since July 2021 under a distribution and promotion agreement with A. Menarini India Private Limited.
The company in its report titled #39;OYO Business Travel Trends Report 2023#39; revealed that it recorded 20 per cent revenue growth from business travel in January-July 2023 against the year-ago period.
Foreign lessors have been locked in a legal tussle to repossess their aircraft after Go First was granted bankruptcy protection in May, which, as per Indian law, imposed a block on the recovery of 50-plus grounded Airbus planes.
IFC, a member of the World Bank, is the largest global development institution focused on the private sector in emerging markets.
The company is projected to account for 7% of all smartphone sales in the country from July to December, up from 5% in the first half of 2023, according to data from market researcher Counterpoint shared exclusively with Reuters.
As the US increasingly clamps down on exports of high-end chips to China and the world seeks an alternative electronics manufacturing base, India could shape up to be a source of AI talent, site for chip production and market for Nvidia’s products.
Prior to joining Liberty, he was the president of consumer lines at Tata AIG General Insurance, the company said in a statement.
The Mumbai-based automaker held 11.18 per cent stake in the firm which had filed for a voluntary winding-up.
Overly restrictive regulations can stifle economic activity and undo the good done by the economic reforms of the nineties
In the 2-day offer for sale (OFS), the government is selling up to 19.33 crore shares or 4.92 per cent stake at a floor price of Rs 69/piece.
India#39;s largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between October 19-31.
We#39;ve researched and identified the best gold IRA companies to help you. Investing in gold is a good way to diversify your retirement savings.
The studio, which has worked on over 200 global projects across films and web series, plans to mop up Rs 30.47 crore through the IPO.
This post delves into the concept of a registered agent, what it means, why it’s necessary, what factors you should consider when selecting one.
He sees the $60 billion global agrochemical industry maintaining its current pace of growth because of the rising population, the decline in arable land and climate-related disruptions.
UBS has also identified Ireland and Saudi Arabia as "slow jurisdictions" in granting licences, according to the document which was dated Sept. 6 and circulated to global staff, the content of which has not previously been reported. UBS has also identified Ireland and Saudi Arabia as "slow jurisdictions" in granting licences, according to the document which was dated Sept. 6 and circulated to global staff, the content of which has not previously been reported.
In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share.
The move is part of the company#39;s global expansion strategy in developing countries and comes shortly after it announced its move into three nations in Africa last year, the first outside Latin America.
This service is designed for NTB or #39;new to bank#39; customers, providing them with ease and efficiency in the account opening process, SBI said in a statement on Monday.
Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. In 2019, pipe-maker Jindal Saw had partnered with Hunting to source its patented connections technology to manufacture finished seamless casing and tubing in India.
Srettha said he would make a trip to India this year with plans to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries, including more services by flag carrier Thai Airways International Pcl.A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...
