On May 21, 2024, Biocon Ltd informed the stock exchanges that the United States Food and Drug Administration (US FDA) had approved its first-to-file application for Yesafili (aflibercept – jbvf), an interchangeable biosimilar aflibercept. YESAFILI, a vascular endothelial growth factor (VEGF) inhibitor used to treat various ophthalmologic conditions, is a biosimilar to its reference product, …
HFCL Limited (HFCL), a leading Indian technology company renowned for its high-end telecom equipment, optical fibre, and communication network solutions, is making significant strides in the defence sector. HFCL’s unwavering commitment to national security is evident in its strategic investments in research and development (R&D) over the past five years, which have led to the …
HDFC Bank Limited, a leading Indian private sector bank, announced its commitment to further supporting Sewa Grih Rin Limited (SGRL), a housing finance company dedicated to empowering women in the informal sector with property ownership. HDFC Bank has signed definitive agreements to invest an additional ₹ 17.33 crore in SGRL as part of a larger …
The Indian Railway Finance Corporation (IRFC) has announced a fundraising initiative, aiming to secure up to Rs.50,000 crore from both domestic and international markets. This plan, approved by the IRFC board, involves the issuance of bonds or procuring bank loans in FY25 for this fundraiser. IRFC’s Fundraising Mix The IRFC plans to raise funds through …
BLS International Services Limited, a leading provider of tech-enabled visa, consular, and citizen services, announced a strategic expansion move into South America. BLS International FZE, a wholly-owned subsidiary of the company, has initiated the process of acquiring significant share capital in two key companies: BLS International Peru SAC: Incorporated under Peruvian law, BLS International Peru …
Solara Active Pharma Sciences Limited (Solara), a leading pure-play Active Pharmaceutical Ingredient (API) provider, announced a significant milestone with the successful completion of a US Food and Drug Administration (US FDA) inspection at its new, state-of-the-art multipurpose API manufacturing facility in Visakhapatnam, Andhra Pradesh. This achievement underscores Solara’s unwavering commitment to quality and compliance in …
On May 20, 2024, RITES Limited, a leading Indian engineering consultancy firm and the export arm of Indian Railways signed a significant contract with Bangladesh Railways. The agreement entails the supply of 200 Broad Gauge (BG) passenger carriages valued at approximately $111.26 million (₹915 crore). Notably, this project is funded by the European Investment Bank …
Domestic indices started today’s trading session on a notably lower note, weighed down by losses in the information technology, FMCG, auto, and real estate sectors. While broader indices initially mirrored this downward trend, they managed to recover somewhat later in the trading session. At 10:25 am, the BSE Sensex fell 0.23% reaching a level of …
In a significant development in the banking sector, shareholders of IDFC First Bank have given their approval for the merger of IDFC Ltd with the bank. This merger is expected to streamline the operations and improve the financial stability of the entities involved. Shareholder Approval The merger proposal received support from the shareholders, with over …
The NSE benchmark Nifty 50 index extended its winning streak for the third consecutive session during the special trading session on Saturday, closing above the 22,500 mark for the first time since May 2, 2024. Regarding the broader market indices, the Nifty Midcap 100 index reached a new all-time high on Saturday, closing at a …
