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.
Satish Salian, father of the late celebrity manager Disha Salian, has served a Rs 500-crore defamation notice to Aaditya Thackeray.
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.
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.
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.
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.
The top 500 listed companies had 860 women directors or board members overall.
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 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.
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.
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.
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
Quimcy Dsouza has taken an unusual route to the Asian Games, moving from athletics and football to becoming one of India's leading Teqball players.
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.
India's Suraj Singh Mayanglambam secured the 11th position in the men's changquan wushu final at the Aichi-Nagoya Asian Games.
I had found spending one night at 14,500 feet inside a cottage difficult to get by -- struggling to breathe in the cold, thin, mountain air. Here, our soldiers had fought a ferocious battle at much greater heights in bone-chilling weather, worse than I had encountered. 114 men were killed in action in a 16-hour epic battle against China in Rezang La, the farthest outpost along India's border with China.
Indian two-wheeler buyers are increasingly opting for feature-rich, higher-end variants and premium motorcycles, driven by technology, safety, and easier access to finance, according to TVS Motor Company. The company is also exploring alternative electric motor technologies to secure its supply chain amidst growing EV penetration.
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.
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.
Indian Teqball player Quimcy Dsouza lost her Asian Games women's singles semifinal to Indonesia's Sumaya in a gruelling three-game match. Despite a strong start, Dsouza, a former state-level footballer, was overcome by Sumaya's sepak takraw background. Dsouza will now compete in the bronze medal playoff, aiming for a podium finish in Teqball's debut at the Asian Games.
India's Quimcy Dsouza lost her Teqball women's singles semifinal match to Indonesia's Sumaya in a gruelling three-game contest at the Asian Games. Despite the defeat, Dsouza remains in contention for a bronze medal and is scheduled to compete in the playoff.
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.
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.
Quimcy Dsouza, a former Maharashtra footballer, made an unconventional journey to the Asian Games teqball semifinals after discovering the sport through Ronaldinho. Despite a defeat, she expressed pride in her performance and her role in pioneering teqball in India, highlighting the challenges of limited funding and her dedication to growing the sport.
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.
The Ministry of Home Affairs informed a Joint Committee of Parliament that the number of active NGOs registered under the Foreign Contribution (Regulation) Act has halved over the last decade, even as foreign funds received by them have significantly increased. Christian associations received the largest share of these funds in 2024-25. The report comes amidst discussions on a contentious FCRA amendment bill aimed at tighter government oversight.
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.
Prime Minister Narendra Modi's 76th birthday was celebrated with extensive programmes in Varanasi, his Lok Sabha constituency. Events included special prayers by 76 young priests, a milk 'abhishek' of the Ganga, and a significant 'Seva Sankalp' motorcycle journey from Varanasi to Vadnagar, Modi's birthplace, involving 500 participants. Several prominent political figures, including Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath, participated in the celebrations, offering prayers for Modi's health and India's progress.
Indian benchmark equity indices, Sensex and Nifty, rallied in early trade, driven by positive global market trends and easing crude oil prices, despite the US Federal Reserve's hawkish stance tempering overall sentiment. Track Sensex, Nifty on September 18.
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.
