Natco to Acquire 35.75% of Adcock Ingram for ₹1,970 Cr
Indian drugmaker Natco Pharma has announced plans to acquire a 35.75% stake in Adcock Ingram, one of South Africa’s largest pharmaceutical companies, for ₹1,970 crore (around $236 million). This move marks a major step in Natco’s efforts to expand beyond India and reach more patients globally. The deal will be carried out through Natco’s subsidiary, Natco Pharma Africa (Pty) Ltd, and is still subject to regulatory approvals in South Africa and India. Once completed, this would give Natco a strong foothold in the South African market. Adcock Ingram is a well-established name in the region, producing a wide range of medicines including over-the-counter products, prescription drugs, and hospital treatments. For Natco, the partnership is expected to bring long-term growth and access to a broader market. In a statement, Natco said this investment aligns with its plan to grow internationally in a sustainable way. The deal also reflects a shift by Indian pharma companies toward building a stronger global presence, especially in emerging markets.
Published 24 Jul 2025 04:08 PM
In a new agreement, Greenko founders plan to purchase a stake from Orix.
According to persons acquainted with the situation, the founders of Greenko Energy Holdings, an Indian clean energy producer, are still in the process of acquiring Orix Corp.'s ownership part in the business, even though the Japanese financial organization said that the deal would not proceed. According to persons who asked not to be identified in order to discuss sensitive things, Greenko co-founders Anil Chalamalasetty and Mahesh Kolli are modifying the deal structure to clear the path for the acquisition to move forward. According to Bloomberg Intelligence, Greenko's largest owner, with a 58% ownership, is Singapore's sovereign wealth fund, GIC Pte.The founders of Greenko had originally intended to finance half of the $1.46 billion purchase of Orix's 20% stake with cash, with the remaining portion to be financed through the issuance of convertible bonds by their firm, AM Green (Luxembourg). According to the people, the conditions are still negotiating and could change under the new structure, which would allow Greenko's founders to finance the acquisition with less cash and more convertible note investment. The size of a private loan supporting the sale has decreased from an initial $800 million to about $600 million, they added, in light of the expectations for the smaller cash portion.The loan will probably still rank among the biggest private credit agreements in India this year, where direct lending has exploded due to Prime Minister Narendra Modi's infrastructure push, which is driving up demand for money for everything from roads to solar power.
Published 20 May 2025 05:37 PM
In collaboration with Kissandhan Agri Financial, Dvara Solutions
Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.Kissandhan Agri Financial Services Pvt Ltd (Kissandhan), an RBI-regulated NBFC and a fully owned subsidiary of Sohan Lal Commodity Management Limited (SLCM), has established a strategic alliance with Dvara Solutions.Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.More than 20 institutions currently use Dvara Solution's Perdix, which enables the management of more than ₹15,000 crore in assets. Kissandhan will improve its capacity to provide medium-term loans, group loans, farmer loans, and microloans against property (Micro LAP) by implementing Perdix. As of April 30, 2025, Kissandhan had already given out ₹3,263.99 cr in loans to farmers, affecting almost 7 lakh farmers and 37,185 women who received loans in the agricultural and related sectors. Through tight adherence to regulatory standards, the integration seeks to improve client experience, promote growth and operational efficiency, and streamline Kissandhan's end-to-end loan lifecycle operations.Our goal at Kissandhan is to empower farmers and business owners throughout the Agri and Rural ecosystem by offering financial solutions that meet international standards. This partnership demonstrates our dedication to building a cooperative ecosystem, increasing efficiency and transparency throughout the whole loan lifecycle, and giving our clients and borrowers peace of mind. By collaborating with Dvara Solutions, we will be able to provide customized financial products more quickly. According to Gurinder Singh Sehmbey, CEO of Kissandhan Agri Financial Services, "the Perdix platform integration will further streamline our lending processes, allowing us to provide customized loans to a wider range of segments, in rural eco system."
Published 13 May 2025 08:56 PM
The bulk of the electric 3W firm Astro Motors is acquired by Remsons Industries.
The majority stake in Astro Motors Private Ltd, an electric three-wheeler manufacturing company, will be acquired for ₹14.22 crore in an equity and cash deal by Remsons Industries Ltd, an automotive OEM components manufacturer that supplies two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles in India and to automotive OEMs worldwide.The company Astro Motors is involved in the development and production of electric vehicles for micromobility, loaders, passengers, and cargo.With a facility in Chakan, Pune, Astro supplies gear technology with a range of 131 kilometers and payload capacity of 747 kg.The business, which intends to introduce its product this year, has hired dealers and is growing its network throughout India. "This purchase is a crucial step in our quest to expand in a sustainable way," stated Rahul Kejriwal, Executive Director of Remsons Industries. "We see a lot of room for growth in this segment as we continue to expand our portfolio. We also want to establish our presence in the rapidly growing electric three-wheeler segment while opening up new business opportunities," he continued.The majority (51.01%) of the electric three-wheeler firm Astro Motors has been purchased by Remsons Industries. The ₹14.22 crore transaction is made up of both cash and shares. Electric three-wheelers are developed and produced by Astro Motors for a range of uses, such as weight carrying, passenger transportation, and cargo.
Published 17 Apr 2025 09:02 PM
Shanti Gold IPO: Key Allotment Info & GMP Update
Shanti Gold IPO Allotment Date in Focus: Check Latest GMP and How to See Your Allotment Status Online Investors are closely watching the Shanti Gold Initial Public Offering (IPO) as the allotment date draws near. The IPO, which saw a strong response from both retail and non-institutional investors, has built significant anticipation around the share allotment. The allotment status is expected to be finalized on August 1, 2025, after which applicants will be able to check if they have been allotted shares. As of today, the Grey Market Premium (GMP) for Shanti Gold shares is hovering around ₹35–₹40, indicating positive sentiment in the unofficial market. While GMP isn’t an official indicator, it often gives a glimpse into how the shares may perform on the listing day. Investors should still wait for the official allotment before drawing conclusions about returns. To check the IPO allotment status online, applicants can visit the website of the registrar handling the IPO — details are usually available in the official IPO documents. Common platforms include Link Intime or KFin Technologies, depending on the registrar assigned. Once on the website, you’ll need to enter your PAN, application number, or DP/client ID to check the status. Once the allotment is done, shares will be credited to the demat accounts of successful applicants, while refunds for unallotted shares will be processed within a few working days. Investors are advised to keep an eye on official channels for updates to avoid falling for rumors or misleading information.
Published 31 Jul 2025 04:40 PM
Dollar Strengthens on Hopes of Improved U.S.-EU Trade Ties
The U.S. dollar edged higher on Monday as markets reacted positively to a newly signed trade agreement between the United States and the European Union. The pact focuses on lowering tariffs and easing trade procedures, signaling a potential thaw in years of economic tension. The greenback gained 0.4% against the euro and saw modest advances against other major currencies. Analysts say the agreement has boosted investor confidence, with expectations that improved trade flow could support U.S. economic growth. Although it is still in the early stages, the deal focuses on industrial goods and seeks to simplify regulatory rules. Officials from both sides expressed optimism that the pact could pave the way for broader cooperation in the future. Currency traders responded quickly, shifting toward the dollar in anticipation of a more stable trade environment. Attention now turns to upcoming U.S. economic data, which may offer further clues on the dollar’s direction.
Published 29 Jul 2025 01:21 PM
RBI Can Still Cut Rates Despite Neutral Stance, Says Governor Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that the central bank’s current “neutral” policy stance should not be misunderstood as a signal that interest rates cannot be reduced. Speaking to reporters, Malhotra explained that neutrality gives the RBI flexibility—it can raise or lower rates depending on how inflation and the broader economy behave. “There seems to be a misconception that a neutral stance only allows us to hold or hike rates,” Malhotra said. “That’s not the case. We can cut rates if the situation demands.” His remarks come at a time when markets and analysts are closely watching for signs of a rate cut amid easing inflation and global monetary shifts. Since February 2023, the RBI has maintained interest rates, focusing on controlling inflation while monitoring economic growth. Recently, inflation has slowed, increasing expectations that a rate cut might encourage borrowing and investment without exacerbating inflation. Malhotra stressed that the RBI remains data-driven and won’t rush into decisions. “We will act based on incoming data. Our primary goal is to maintain stability while supporting sustainable growth,” he said. This balanced approach, he added, is what the neutral stance is meant to reflect. In short, while the RBI hasn’t cut rates yet, it’s keeping the door open. The message is clear: flexibility is key, and decisions will be shaped by how the economy performs in the coming months.
Published 15 Jul 2025 04:08 PM
The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.
The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000.Tuesday, March 18, saw a 1.5% increase in the Indian stock market due to strong buying in the financial and metals sectors and outperformance by the overall market. The encouraging global cues also improved market sentiment. The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000. The NSE's NIFTY50 index closed 325.55 points, or 1.45%, higher at the 22,834.30 level, while the S&P BSE SENSEX closed at 75,301.26, up 1,131.31 points, or 1.53%. Out of the 3,016 equities that were traded on the NSE, 2,288 scrips rose, indicating that the market attitude continued in favor of bulls. At the end of the day, the smallcap and midcap indices both saw gains of nearly 2.8%. On Tuesday, all sectoral measures ended the day higher.Investors are also anticipating updates about tariffs and the US Fed's interest rate decision.
Published 18 Mar 2025 06:09 PM
Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.
Returning to Lucknow for the first time since his unsatisfactory dismissal from the team, KL Rahul ended the game with a spectacular six to go undefeated in a run-chase with a 42-ball 57.On a night full of stories at Lucknow's Ekana Stadium, the Delhi Capitals won by 8 wickets in a 160-run chase, solidifying their status as this season's title contenders. KL Rahul, who is making his first appearance in Lucknow after his unsatisfactory dismissal from the team, ended the game with a spectacular six to go undefeated in a run chase with a 42-ball 57. In the twelfth over of their respective innings, LSG and DC both lost their second wicket. Axar Patel entered when a composed Abishek Porel collapsed. At this point, DC was only under a little pressure to take a few wickets, but it might have grown complicated because new batters take time to get comfortable. With two sixes over the midwicket zone, his favorite hit against spin, Axar took out Ravi Bishnoi in the very next over after Avesh Khan had dismissed him after four dot balls.In the following over, facing Avesh once more after being outscored by a few deliveries, he decided to take a chance and hit a four to try to clear the fielder at mid-off. The most impressive stroke came from Shardul Thakur, who took up a not-so-short ball with the weight still on his backfoot and sent it over long on for a six.
Published 23 Apr 2025 08:56 PM
Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28: "One person never takes the call."
Despite hitting 51 off 28 balls against the Delhi Capitals, Nitish Rana was left out of the Super Over lineup as the Rajasthan Royals entered with Hetmyer and Riyan Parag.Nitish Rana remained in the middle until the 18th over of the chase after smashing 51 off 28 balls. At the Arun Jaitely Stadium in New Delhi on Wednesday, the Rajasthan Royals sent neither batsman to bat despite Yashasvi Jaiswal's 51 off 37 balls in the Super Over against the Delhi Capitals. Eyes were rolling when Shimron Hetmyer and Riyan Parag came out to bat in the Super Over. Rana wasn't even on the list of the three batters for the Super Over, but Jaiswal was chosen to bat following a wicket fall.RR's choice proved to be a poor one as Mitchell Starc of DC cramped the Hetmyer for space with yorkers and the reverse swing, allowing him to begin the Super Over with a dot ball. The Australian bowler was hit for four after missing his mark on the next delivery, but he recovered with another low full toss in the third ball. A single was taken by Hetmyer.Starc's low full toss was hit by Riyan Parag over third man for a boundary, sometimes known as a no-ball. After it appeared that RR would easily reach 15 with three balls left, the game took yet another sharp turn. RR was bowled out for just 11 as Parag and Jaiswal were ran out in the following ball.KL Rahul and Tristian Stubbs smash two sixes in the first three balls of Sandeep Sharma's Super Over to give DC a historic victory, so the total was insufficient. Following the game, Nitish Rana stated that the decision to send Riyan Parag and Shimron Hetmyer instead of him for the Super Over was made by the RR management. Rana said he didn't have an alternative response, adding that if Hetmyer had hit a couple of sixes in the Super Over, the questions would have been different."The call is answered by management, not a single individual. Along with two other senior players and coaches, the captain is present. You wouldn't be asking this question if Shimron Hetmyer had hit two sixes. I'll respond with the same response. I have no other response. Every choice we made was the right one. Everyone knows that Hetmyer is our finisher. During the press conference, Rana stated, "He has previously delivered."
Published 17 Apr 2025 09:05 PM
Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?
The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.
Published 31 Mar 2025 08:23 PM
India's bold strategy aids in a quick T20 reconstruction
The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are
Published 04 Feb 2025 04:28 PM
Opposition states point up a Rs 2 lakh crore income risk and demand compensation for the GST rejig.
Opposition-ruled states demanded a clear compensation system on Friday, claiming that the Center's proposal to restructure the Goods and Services Tax (GST) rates could result in losses of between Rs 1.5 and Rs 2 lakh crore. On September 3 and 4, they intend to bring up the matter at the GST Council meeting.To create a joint proposal, the finance ministers of West Bengal, Tamil Nadu, Telangana, Kerala, Punjab, Jharkhand, Karnataka, and Himachal Pradesh convened. In order to offset income loss, they recommended levying an additional tax on luxury items and sin in addition to the proposed 40% rate. They claimed that the governments ought to receive a portion of the profits. Under the new arrangement, states may lose 15–20% of their GST earnings, according to Karnataka Finance Minister Krishna Byre Gowda. He added that states should receive compensation for five years until revenues stabilize, stating that the 20% loss in GST revenue would "seriously destabilize the fiscal structure of state governments across the country."According to Byre Gowda, the revenue-neutral rate (RNR) was 14.4% during the GST launch and then dropped to 11% following rationalization. He cautioned that the Center's plan to lower rates and slabs might further lower the net rate to 10%. "The revenue interest of the states should be safeguarded." People will suffer, development efforts will be hampered, and state autonomy will be weakened if there is a significant decline in state government revenue, he said.The Center has proposed replacing the present four slabs of five, twelve, eighteen, and twenty-eight percent plus cess with a two-slab structure of five and eighteen percent. Only sin and ultra-luxury goods would be subject to a 40% tariff.
Published 29 Aug 2025 10:22 PM
"PM Modi expresses sorrow for the deaths caused by the landslide on the path to the Vaishno Devi temple. "
On Wednesday, Prime Minister Narendra Modi conveyed his sorrow over the deaths brought on by a landslide on the way to Jammu and Kashmir's Shri Mata Vaishno Devi Temple. The Prime Minister expressed sympathy to the relatives of the deceased and called the situation "saddening" in a message shared on X. He also wished the injured a quick recovery. It is heartbreaking that a landslide on the way to the Shri Mata Vaishno Devi Temple claimed lives. I'm thinking of the families that have lost a loved one. I hope the injured get better as soon as possible. All people impacted are receiving assistance from the administration. I pray for everyone's safety and health," he exclaimed.A significant tragedy occurred on Tuesday along the pilgrimage path to the shrine of Shri Mata Vaishno Devi in the Reasi region, causing a landslide that resulted in pilgrims being injured and losing their lives. To conduct extensive rescue and relief efforts, the Ministry of Home Affairs has sent out 17 National Disaster Response Force (NDRF) units. The NDRF is actively helping the impacted pilgrims, as are the Border Security Force (BSF), Central Reserve Police Force (CRPF), and other central authorities.Together with the rescue crews, 32 special boats have been transported to the area affected by the catastrophe. The Home Ministry control room is always keeping an eye on the situation. The Yatra has been halted until further notice, and rescue crews have hurried to remove stranded pilgrims close to Adhkwari."The loss of lives due to a landslide on the route to the Shri Mata Vaishno Devi Temple is saddening," the Prime Minister wrote in a message posted on X today. I'm thinking of the families that have lost a loved one. I hope the injured get better as soon as possible.
Published 27 Aug 2025 04:48 PM
Today marks the start of the RSS 3-day lecture series: Mohan Bhagwat will consider Sangh's 100-year history and outline the future.
Sangh chief Mohan Bhagwat will share his thoughts on the organization's 100-year history and the future at the RSS's three-day lecture series, which starts Tuesday in Delhi and is expected to draw about 1,300 people from a variety of backgrounds, including politicians, judges, diplomats, and social workers.According to sources, the gathering was an effort by the RSS to introduce the Sangh to the nation's "eminent personalities." From social and religious to economic and security, the RSS had divided the invitees into 17 categories and 138 subcategories in the lead-up to the event.Mohan Bhagwat, the head of the Rashtriya Swayamsevak Sangh (RSS), will begin a three-day lecture series in New Delhi on Tuesday, August 26, 2025, to outline the organization's 100-year history and the Sangh's vision for India.1,300 people are anticipated to attend the lecture series, which is a component of RSS's centennial outreach initiative. Mr. Bhagwat will discuss a variety of issues, such as the "need to go beyond colonial-era parameters of development" in order to increase the nation's independence and influence internationally. According to RSS national publicity in-charge Sunil Ambekar, the event, which is set to take place at Vigyan Bhawan, is open to personalities from all walks of life, including judges, legislators, bureaucrats, members of minority communities, and owners and editors of national and international media.Sports stars Abhinav Bindra and Kapil Dev, as well as campaigners like Kailash Satyarthi and former Supreme Court Chief Justice Ranjan Gogoi and veteran surgeon Naresh Trehan, are anticipated to attend the lecture series. Those from political parties that communicate with us have also been invited. Among others, envoys from the United States and China are invited," Mr. Ambekar stated.
Published 26 Aug 2025 06:47 PM
Akhilesh reiterates his accusations of 18,000 affidavits and voter deletion, but the picture in the four seats he identified is more complicated.
At least three district magistrates from Uttar Pradesh's Barabanki, Jaunpur, and Kasganj districts have refuted claims made by Akhilesh Yadav, the leader of the Samajwadi Party, that there were widespread voter deletions and irregularities during the state Assembly elections in 2022.Speaking to media in the Parliament complex on Monday, Akhilesh stated that the SP has provided the Election Commission (EC) with affidavits regarding the matter and provided some documents that, in his opinion, indicated the irregularities. In the 2022 elections, he then expressly mentioned "targeted" voter deletions against "certain communities" in the seats of Amanpur, Bakshi Ka Talab, Jaunpur Sadar, and Kursi Assembly.Bakshi Ka Talab is in the district of Lucknow, Kursi is in Barabanki, Jaunpur Sadar is in Jaunpur district, and the Amanpur Assembly seat is in Kasganj district. The BJP won all four in the Assembly elections of 2017 and 2022. Together with the Congress, the SP had run in the 2017 Assembly elections.When the Congress and SP campaigned together once more in the 2024 Lok Sabha elections, their alliance won every seat in the Lok Sabha that these Assembly segments are under. Barabanki DM Shashank Tripathi stated in a post that two voters from the Kursi Assembly constituency had submitted affidavits alleging that their names had been mistakenly removed from the election lists. Nevertheless, the DM stated that after investigation, it was discovered that both individuals' names were correctly listed on the electoral rolls.
Published 23 Aug 2025 05:25 PM
Top Trends in Industries
