Nandan Denim Limited (NDL), a prominent name in India’s textile sector, has seen significant growth recently. The company’s share price advanced by 1% today and has gained over 70% in the past year. As the market awaits its earnings announcement on January 28, 2025, NDL continues to capture investor attention. Earnings Announcement Ahead The Board …
Dr Reddy’s Laboratories (DRL), a global pharmaceutical company, has found itself entangled in a series of lawsuits filed between 2023 and 2024. These legal disputes revolve around allegations that the company, alongside others, delayed the market entry of generic versions of the drug Revlimid®. Here’s a breakdown of the developments surrounding these cases. The share …
Hindustan Unilever Limited acquired a 90.5% stake in Uprising Science Private Limited, the parent company of Minimalist for ₹2,670 crore. This strategic move aims to leverage HUL’s wide distribution network to make Minimalist products more easily available across India and help the brand grow in international markets. Board approves the acquisition The company’s Board of …
Hindustan Unilever Ltd. (HUL) has announced plans to list its demerged ice cream business as a separate entity within a year. The move is aimed at unlocking value for shareholders and enhancing operational focus for the ice cream segment. Details of the Demerger Plan On Wednesday, HUL’s board approved the demerger of its ice cream …
Sanofi India Limited has been issued a transfer pricing order by the Office of the Joint Commissioner of Income Tax, Transfer Pricing, for the assessment year 2022-23. The order, dated January 21, 2025, imposes a tax liability of ₹26.50 crore. Transfer Pricing Adjustments The tax liability was triggered by adjustments related to disallowed international transactions …
Bharat Petroleum Corporation Ltd. (BPCL) announced that its board has approved a $121 million development plan for the Nunukan Block in Indonesia. The project will be executed through Bharat PetroResources Limited (BPRL), BPCL’s wholly-owned subsidiary, and its step-down subsidiary, BPRL Ventures Indonesia BV. Details of the Nunukan Block Project The Nunukan Block, located in Indonesia, …
LTIMindtree has renewed its partnership with the Association of American Medical Colleges (AAMC), a nonprofit organization headquartered in Washington, D.C. The focus of the extended collaboration is to boost the AAMC’s technology systems, improve how applications are developed and maintained, and streamline processes. Focus Areas of the Partnership The partnership is focused on helping the …
The US Food and Drug Administration (US FDA) has granted Orphan Drug Designation (ODD) to Zydus Lifesciences’ Usnoflast, an oral NLRP3 inhibitor, for treating amyotrophic lateral sclerosis (ALS). ALS is a rare neurodegenerative condition that affects motor neurons in the brain and spinal cord. Clinical Trials and Plans Zydus conducted a Phase 2(a) randomised, double-blind, …
Shiva Cement Ltd, a subsidiary of JSW Cement Ltd, has entered into a ₹380 crore agreement with Bhushan Power and Steel Ltd (BPSL) for the development of a 1 million tonne per annum (MTPA) cement grinding unit in Sambalpur, Odisha. The agreement was executed on January 22, 2025. Agreement Details As per the terms, BPSL …
On January 23, 2025, as of 12:05 PM, the BSE Sensex was up by 0.23% at 76,569.05, while the Nifty50 was up 0.28% at 23,219.90. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol LTP (₹) % Change Volume WIPRO 320.85 3.8 2,61,18,492 TECHM 1,722.80 2.31 7,06,152 TATACONSUM 988 2.13 …
