Alembic Pharmaceuticals Limited has secured a major regulatory victory, receiving final approval from the US Food and Drug Administration (USFDA) for its generic levothyroxine sodium tablets. The approval clears the way for the company to market its drug across a comprehensive range of twelve different strengths, stretching from 25 mcg up to 300 mcg. According…
A sharp 28 to 30 percent spike in global shipping costs has emerged as the biggest hurdle for Indian steelmakers. Triggered by escalating tensions in West Asia and the prolonged Russia-Ukraine conflict, these geopolitical disruptions are heavily inflating logistics expenses. The primary impact is being felt by companies heavily reliant on imported raw materials. For…
In a major boost to India’s cutting-edge technology ecosystem, Mumbai-based asset manager Piper Serica has announced the launch of its new “Bharat Tech Fund.” The Category-II Alternative Investment Fund (AIF) features a base corpus of ₹600 crore alongside a ₹200 crore green-shoe option, bringing the total potential fund size to ₹800 crore. The fund is…
The Adani Group has reached a $275 million settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of Iran sanctions. The matter involved the indirect import of Iranian Liquefied Petroleum Gas (LPG) through India’s Mundra Port between November 2023 and June 2025. According to official disclosures, Adani Enterprises Limited…
Shares of ICICI Prudential Life Insurance Company plummeted nearly 9% in intraday trading, hitting a fresh 52-week low of ₹488.60 on the National Stock Exchange. This steep decline was triggered by a major strategic announcement from the company’s UK-based joint venture partner, Prudential plc. The British insurance giant revealed that it is acquiring a controlling…
Ministry of Finance has directed state-run banks, insurers, and financial institutions across India to implement a series of cost-cutting measures, including restrictions on travel and a gradual shift toward electric vehicles, according to an official order reviewed by Reuters. The directive, issued by the Department of Financial Services, is part of a broader government austerity…
US-based Liberty Mutual Insurance has officially increased its shareholding in Liberty General Insurance Limited (LGI) to 74 per cent. This significant development follows a previous stake increase from 49 per cent to 55.40 per cent in September 2025, underscoring the global insurer’s aggressive growth strategy in the region. Liberty General Insurance operates as a prominent…
Tata Consultancy Services Chairman Natarajan Chandrasekaran has said that generative AI and agentic AI are entering a transformative phase where artificial intelligence is becoming the “infrastructure of intelligence” for businesses worldwide. In his letter to shareholders in the TCS Annual Report FY26, Chandrasekaran highlighted the company’s growing focus on becoming a full-stack AI services provider…
OpenAI has reportedly initiated a major internal reorganisation as the company continues to face legal scrutiny from co-founder Elon Musk over its transition away from its original non-profit mission. The leadership shake-up comes at a critical moment for OpenAI as the company intensifies its focus on artificial intelligence agents, enterprise products, and coding-related services while…
Gold Exchange Traded Funds (ETFs) witnessed a sharp rally on Wednesday after remaining largely stable for more than three months, following an increase in gold import duties that made physical gold more expensive. The rise in prices renewed investor interest in gold ETFs, which are mutual-fund-like investment schemes that track gold prices and have become…
