India is recognised as one of the strongest military forces globally and is strategically important to its government. The three largest market segments in the Indian defence sector are military fixed-wing aircraft, naval vessels and surface combatants, and missiles and missile defence systems. Other notable segments include submarines, artillery, military rotorcraft, tactical communications, electronic warfare, …
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Alembic Pharma Gets USFDA Nod for Paliperidone ER Tablets
27 September 2024On September 27, 2024, Alembic Pharmaceuticals announced that it had been given final approval from the US Food & Drug Administration (USFDA) for its Paliperidone Extended-Release Tablets in strengths of 1.5 mg, 3 mg, 6 mg, and 9 mg. This approval is for a generic version of Invega Extended-Release Tablets developed by Janssen Pharmaceuticals. Paliperidone …

IREDA Share Price Dropped ~3% After Release of Business Update for 1HFY25
1 October 2024Indian Renewable Energy Development Agency (IREDA) Ltd, a leading player in the renewable energy sector, has announced a significant surge in its business performance for the April-September 2024 period of the current financial year (FY25). The company’s strategic initiatives and strong market presence have propelled its growth to unprecedented levels. IREDA’s loan sanctions witnessed a …

Best PSU Stocks in India in October 2024 – Based on Net Margin
1 October 2024Public Sector Undertakings (PSUs) are an integral part of the Indian economy, representing government ownership in various industries ranging from oil and gas to banking and telecommunications. For investors looking to diversify their portfolios, PSU stocks can offer unique opportunities and benefits. In this article, we will explore the best PSU stocks in India in …

Northern Arc Capital Sees 43% PAT Growth in Q1FY25; Share Price Rises by 1.27%
1 October 2024Northern Arc Capital Limited has concluded its Initial Public Offering (IPO) and made its debut on the stock exchanges on September 24, 2024. The IPO raised a total of ₹777 crore, comprising ₹277 crore from an offer for sale and ₹500 crore from fresh equity capital. Earlier in April 2024, the company had already raised …

JTL Industries Released Q2 Business Update: Recorded Highest Ever Sales Volume
1 October 2024JTL Industries Limited is a rapidly expanding steel tube manufacturer specializing in ERW Black Pipes, PreGalvanized and Galvanized Steel Pipes, large diameter tubes and pipes, and hollow structure sections. JTL is pleased to provide a detailed update on its business performance for Q2FY25. Business Sales Volume Update JTL has achieved its highest-ever quarterly sales volume …

Zydus Lifesciences and CDRI Forge Alliance to Pioneer Osteoporosis Treatment for CKD Patients
27 September 2024Zydus Lifesciences Ltd and the Central Drug Research Institute (CDRI) signed a collaborative research agreement on September 17, 2024, at Zydus Research Centre in Ahmedabad. This partnership is to facilitate the development of oral medications through small-molecule inhibitors of Sclerostin. It will focus on preclinical research, and any resulting drug candidates will be developed by …

Torrent Pharma Confirms Shelcal 500 Counterfeit Batch; Strengthens Anti-Counterfeit Measures
27 September 2024On September 26, 2024, media reports mentioned that the Central Drugs Standard Control Organization (CDSCO), East Zone, Kolkata, had identified one batch (GDXD0581) of Shelcal 500, among other drugs from different pharmaceutical companies, as being of non-standard quality (NSQ). To verify the legitimacy of the sample collected by CDSCO, Torrent Pharmaceuticals conducted a comparative analysis …

Adani Green Energy Partners with TotalEnergies in 1,150 MWac Renewable Energy Project
27 September 2024Adani Green Energy Limited (AGEL) has officially signed a Joint Venture Agreement (JVA) with TotalEnergies Renewables Singapore Pte Limited (TotalEnergies) and Adani Renewable Energy Sixty Four Limited (ARE64L) as of September 26, 2024. This significant partnership was finalised after receiving approval from the majority of the company’s shareholders in an extraordinary general meeting held on …

Indian Oil Withdraws Rs 22,000 Crore Rights Issue: What’s Next for OMCs?
30 September 2024Indian Oil Corporation Cancels Rights Issue: A Major Move for OMCs Indian Oil Corporation Ltd. (IOC), one of India’s largest oil marketing companies, has decided to withdraw its proposed rights issue worth Rs 22,000 crore. The rights issue, initially approved on July 7, 2023, was contingent on receiving necessary statutory approvals. However, recent developments have …