Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.
The Mumbai Cricket Association (MCA) has significantly increased its subsidy corpus for affiliated clubs to Rs 500 crore over the next decade, aiming to bolster grassroots cricket infrastructure. Additionally, the MCA decided to name lounges at the iconic Wankhede Stadium after cricket legends Sachin Tendulkar, Ajinkya Rahane, and late Madhav Mantri.
The National Company Law Tribunal (NCLT) has dismissed a plea by Jet Airways' liquidator seeking a Rs 500 crore refund from Boeing, ruling that the matter involves a complex contractual dispute requiring detailed adjudication and evidence beyond the tribunal's insolvency jurisdiction.
US-based real estate agent franchise firm Century 21 is set to enter the Indian market, estimated at around $600 billion, with a franchise-led business model. The company aims to connect Indian buyers with international properties and NRIs with Indian real estate, projecting 1,500 offices and 30,000 agents within five years.
Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.
Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.
A consumer redressal commission in Pathanamthitta, Keralam, has ordered King's Biriyani Cafe to pay Rs 96,500 to a woman who suffered a Salmonella infection after consuming food from the eatery. The woman experienced severe illness and hospitalisation, leading to the commission's ruling against the cafe's proprietor and manager.
The top 500 listed companies had 860 women directors or board members overall.
The Brihanmumbai Municipal Corporation's 12-month fellowship offers young graduates an opportunity to gain first-hand experience in civic administration and contribute to initiatives related to Mumbai's development.
The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.
India has launched the ~62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to incentivise domestic production and strengthen Indian mobile phone brands, offering production-linked incentives and additional benefits for local component sourcing.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.
Abhijeet Dipke, founder of the Cockroach Janta Party (CJP), has called for the PM CARES Fund, which holds over Rs 8,452 crore, to be used to improve infrastructure in rural schools and build more than 1,000 new high-tech schools, highlighting the dire conditions faced by children.
'When my results were out on May 13, I got 95.2 per cent in aggregate. My family members were satisfied with the marks, but I was not," says Ranchi's Avni Kejriwal who, after re-evaluation, scored a perfect 100 per cent in her CBSE class 12 commerce examination.
Nepal is grappling with one of its worst disasters in recent years as massive flash floods, triggered by an ice avalanche, have claimed 270 lives and left thousands missing across multiple districts, prompting urgent rescue and relief operations.
Novak Djokovic, the 24-time Grand Slam champion, has announced his return to the China Open after an 11-year absence, seeking to regain form after a surprising first-round exit at the US Open.
A court in Jammu has ordered a detailed inquiry into an alleged Rs 500 crore 'fake silver' matter at the Shri Mata Vaishno Devi Shrine. The Chief Judicial Magistrate directed authorities to preserve evidence following an application by advocate Deepak Sharma, who alleged adulteration and pilferage of silver offerings.
Several districts in central and south Gujarat received heavy rainfall on Friday with over 1,500 persons evacuated to safer places in Surat which is the worst-affected, officials said.
A new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, could force small merchants and price-sensitive consumers to revert to cash, according to economic think tank GTRI. The move, which introduces a 0.4 per cent MDR with a Rs 300 cap and concessional rates for specific categories, is questioned by GTRI founder Ajay Srivastava, who suggests it's not a revenue issue for the government but potentially a response to US pressure regarding UPI and RuPay's preferential market position.
The Indian coal ministry announced that 147 commercial coal blocks auctioned since 2020 are expected to attract approximately 55,000 crore in capital investment, generate 490,000 jobs, and contribute significantly to state revenues.
Vivo has introduced the Y500 4G in select international markets. Compared with the Y500 5G, it features a slightly smaller 8,100 mAh battery and a rectangular rear camera module in place of the circular design.
The company has also started scouting for land for a new plant, as it plans manufacturing capacity beyond its immediate volume requirements.
Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, aiming to restructure its business with a $49.6 million loan from Saudi Arabia's Public Investment Fund.
BJP MLC Parinay Fuke claimed NCP (SP) MLA Rohit Pawar was considering joining the Congress, citing deteriorating relations with Supriya Sule. In response, Pawar accused Fuke of shielding alleged corruption, particularly concerning illegal sand businesses, paddy procurement issues, and irregularities in an employment guarantee scheme, challenging him to address farmers' concerns instead of making baseless claims.
Delhi Capitals quashed all rumours over senior batter K L Rahul's future with the franchise, with co-owner Parth Jindal confirming his retention for IPL 2027.
Merchants will be subject to an 18 per cent Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, but can mitigate this burden by claiming input tax credit (ITC), according to tax experts.
The Enforcement Directorate (ED) has informed the Bombay High Court that former liquor baron Vijay Mallya continues to evade Indian law, and the recovery of debts by banks does not absolve him of money laundering charges.
IBS Group has launched Naviq Technology, an artificial intelligence company dedicated to the global travel industry, backed by a substantial USD 500 million investment over the next five years. The new venture aims to partner with major travel players to drive business transformations, modernise operations, and leverage AI for new revenue streams, with plans for significant job creation in India.
Delhi Police has implemented a comprehensive multi-layered security system for the upcoming BRICS Summit in New Delhi, deploying 15,000 personnel, 200 paramilitary companies, and over 500 CCTV cameras. The arrangements aim to ensure maximum security for visiting dignitaries while minimising public inconvenience, with extensive coordination across agencies and states, and robust measures at the main venue, Bharat Mandapam.
Indian companies, including NBFCs, filed proposals to raise $7.696 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in July 2026, a significant increase from $6.09 billion in June.
Tickets for the upcoming T20 International match between India and West Indies at Indore's Holkar Stadium on October 11 will be sold exclusively online, with prices ranging from Rs 1,000 to Rs 12,500. The Madhya Pradesh Cricket Association has appointed 'District by Zomato' as the official ticketing agency, allowing a maximum of four tickets per person.
A Haryana-based singer, Bhupendra Dhingra, has been arrested for allegedly posting a video on fake social media accounts claiming responsibility for the murder of Haryanvi YouTuber Ankit Balyan. Dhingra admitted his intention was to increase social media followers, while police had already identified the actual shooters, two of whom were killed in an encounter. A magisterial inquiry has been ordered into the encounter deaths.
Japan cricket team captain Kendel Kadowaki-Fleming expressed confidence in his team's ability to counter Vaibhav Sooryavanshi, citing a previous dismissal by Japanese spinner Charlie Hara-Hinze at the Under-19 Asia Cup.
Jakob Ingebrigtsen made a stunning comeback from Achilles surgery to win the men's 5,000 metres at the inaugural World Athletics Ultimate Championship, securing a $150,000 prize. Fellow star Mondo Duplantis also claimed a pole vault title, narrowly missing a world record. The new championship format aims to attract new fans with its high-stakes fields and glitzy production.
Hanuman Ansh has made a spectacular entry into the Rs 200 Crore Club, with Mirzapur also set to achieve the same milestone.
A Keralite woman travel vlogger, Arunima, faced threats of arrest in Bamyan, Afghanistan, for violating local laws that prohibit women from travelling alone. She recounted being questioned by authorities and needing assistance to proceed, highlighting the challenges faced by solo female travellers in the region.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
Delhi Police have prepared a 1,500-page chargesheet in the Mehrauli murder case of a 10-year-old girl, revealing that the accused cab driver, Bashu Kumar Singh, left his driving licence at the crime scene. This crucial piece of evidence, along with CCTV footage, forensic analysis, and pictorial reconstruction, helped investigators establish the sequence of events leading to his arrest and the recovery of the victim's body. The chargesheet details the abduction, sexual assault, and murder, highlighting the scientific approach taken by the police.
The 15th NMDC Hyderabad Marathon saw over 12,000 participants, including 8,500 in the half marathon and 3,500 in the full marathon. Ethiopian runners Emane Seifu and Seboka Negusse won the Women's and Men's Elite categories respectively. A notable aspect was the participation of 184 tribal runners from Bastar, Chhattisgarh, supported by NMDC. The event also included 5K and Inclusive Runs with 6,500 participants.
