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IIL begins work on animal vaccine manufacturing unit in Hyderabad
Leading biotechnology company Indian Immunologicals Limited (IIL) has started construction of its new greenfield veterinary vaccine facility at Genome Valley in Hyderabad.
This facility will manufacture the Foot and Mouth…
Zomato stock down after Rs 400 cr show-cause notice for GST dues
Zomato shares were trading more than 4 per cent down on Thursday morning after it received Rs 400 crore show-cause notice from the goods and services tax (GST) authorities over unpaid dues collected as "delivery charges".
The…
Market’s volatility index surges
VIX is now much above when Nifty plunged to sub 19000 levels in late October, warning that the volatility expectations are significantly higher now said Anand James, Chief Market Strategist at Geojit Financial Services.
“While…
Oil prices stabilise as Red Sea transport disruptions ease
Oil prices steadied after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise, media reports said.
Media reports…
Oil and gas stocks gain led by HPCL
Oil and gas stocks are up in trade on Thursday led by HPCL which gained more than 6 per cent.
BSE Oil and Gas index is up 1.72 per cent in trade.
HPCL is up 6.7 per cent, IOC is up 3.6 per cent, GAIL is up 3 per…
India’s coal output rises 12.3% to 664.37 mn tonnes in FY 2023-24
The country's coal production has shot up to 664.37 million tonnes (MT) during the current financial year (April 2023 to December 25) which is robust 12.29 per cent increase over the corresponding figure of 591.64 MT for the same period of…
Sterlite Power acquires Neemrana II Kotputli Transmission from PFC
Sterlite Power announced the acquisition of Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL).
PFCCL is a wholly owned subsidiary of Power Finance Corporation Limited…
IPO-bound FirstCry files DRHP, aims to raise Rs 1,816 cr
Mother and child care e-commerce platform FirstCry on Thursday filed its draft red herring prospectus (DRHP) with the market regulator SEBI, seeking to raise Rs 1,816 crore via fresh issue of shares.
FirstCry’s parent company…
IIT researchers harness plant cells to produce anti-cancer drug
Researchers at the Indian Institute of Technology (IIT) Madras and Mandi have metabolically engineered the plant cells of Nothapodytes nimmoniana to increase the production of Camptothecin, which is used to treat cancer.
Using…
Asian Games glory headlines meteoric rise of India’s sports sector in 2023
Backed by a historic campaign at the Asian Games 2022, India's sports sector has undergone a remarkable paradigm shift in 2023, achieving historic milestones and witnessing the flourishing of various sporting disciplines.
With…