A strong performance in the July-September quarter of 2025-26 (FY26) and expectations of growth from launches and acquisition-led synergies led to a 6.65 per cent jump in the share price of Torrent Pharmaceuticals.
The European Union's (EU's) offer to slash tariffs on 97.5 per cent of Indian chemical exports to zero is set to give India's pharmaceutical and medical device firms preferential access to the European markets.
Buoyant domestic sales are expected to lift revenues for pharma companies by 8-11 per cent in Q3FY26, even as declining generic Revlimid (cancer drug) sales in the US remain a key drag. Most brokerages forecast a modest 2-4 per cent growth in profit after tax (PAT) for the quarter. Hospitals and diagnostics companies, meanwhile, are likely to post much stronger numbers, with revenues seen growing 20-22 per cent year-on-year (Y-o-Y).
Open offers this calendar year, following attempts at acquisition and takeover, came in at more than two a week. There were 121 such open offers to acquire additional shares following a substantial acquisition or change of control, shows the data compiled by primedatabase.com.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
Healthcare and energy conglomerate Torrent Group has acquired majority stake in IPL franchise Gujarat Titans.
As Bihar goes to the polls in two weeks, locals speak about what the election means to them in the shadow of a devastating flood in Saran, Bihar.
Indian authorities have uncovered a Jaish-e-Mohammad (JeM) terror plot involving doctors from south Kashmir, a Faridabad university, the recovery of 2,900 kg of explosives, and a car bomb near the Red Fort. Eight people have been arrested in connection with the plot.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
Concerns over weakening demand for Indian pharmaceutical (pharma) drugs in the US - their largest export market - have weighed heavily on investor sentiment this year. While the Nifty 50 has gained 6.02 per cent year - to - date (as on September 15), the Nifty Pharma index has declined 5.18 per cent, National Stock Exchange data shows.
A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.
Landslides and flooding triggered by heavy rain have devastated villages in Chamoli district, Uttarakhand, leaving many feared trapped and injured. Rescue operations are underway.
'I feel like as long as I prepare as well as possible, I tick all the boxes ... and then just let my reactions do the talking. Just try and keep it simple, see ball hit ball.'
The rhythmic chants of pilgrims have been replaced with frantic footsteps of those looking for their loved ones in the wake of a disastrous landslide on the route to the Mata Vaishno Devi shrine which has claimed 34 lives till now.
A man running a community kitchen for pilgrims was rescued alive after being trapped under debris for 30 hours following a cloudburst in Kishtwar, Jammu & Kashmir. The disaster has left many dead or missing and the annual pilgrimage suspended.
Nine-year-old Devanshi was among the hundreds of pilgrims who had gathered in Chositi for the last leg of the yatra to Machail Mata temple when tragedy struck on Thursday. Buried under mud and debris when a Maggi-point shop was hit by flash floods, she emerged hours later, rescued by her uncle and other villagers.
As night fell over Chositi village, rescuers worked frantically and pulled out 167 people from under mounds of rubble. Of these, 38 are in a serious condition, officials said. The death toll went up steadily as the day progressed and there were fears it could rise further.
Donald Trump's tariffs, meant as political punishment, have avoided the predicted chaos, lifting US growth, weakening rivals, and letting him claim victory in a resilient global economy, observes T T Ram Mohan.
Jammu and Kashmir Chief Minister Omar Abdullah briefed Prime Minister Narendra Modi on a devastating cloudburst in Kishtwar district that claimed 60 lives and injured over 100. Abdullah expressed condolences and assured assistance, while also questioning potential administrative lapses.
Drama in the most dramatic of series isn't over yet!
A cloudburst in the high altitude villages of Dharali in Uttarkashi district of Uttarakhand led to flash floods, causing damage to houses and sweeping away structures. Several people are feared buried under debris.
India's mergers & acquisitions (M&As) market recorded deals worth $45.44 billion in the first half of 2025, up nearly 3.3 per cent from a year ago, even as ultra large-ticket transactions remained subdued. During the first half, the 7.1 per cent rise in deal count to 1,614 signals continuing appetite among domestic conglomerates and private equity (PE) funds for mid-sized and smaller assets.
Three goals in eight first-half minutes sent the Mexican side on their way to victory, with stunning long-range strikes from Nelson Deossa and Jesus Corona coming either side of German Berterame's cool finish.
New Delhi looks to be testing Omar's endurance with unconcealed glee, never feeling shy to bite whenever a moment comes its way. After all, ruling the country's only Muslim-majority UT/state has been the BJP's burning desire, points out Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
As the market buzzes with news of Cipla promoters exiting the business through a stake sale and Ahmedabad-based Mehta family-led Torrent Pharmaceuticals racing to acquire its rival, Cipla, an analysis reveals that if the deal were to go through, both companies might need to divest as many as 15 brands to comply with Competition Commission of India (CCI) norms. A recent analysis by Bernstein shows that Cipla and Torrent share a presence in 332 products (based on product and molecule data from market research firm IQVIA). Bernstein analysts Nithya Balasubramanian and Parth Shah noted that, while this may appear as a high number, a significant portion of these products lack significance.
Virat Kohli has ignited his preparations for IPL 2025, unleashing a torrent of powerful strokes in intense net sessions at Bengaluru's M. Chinnaswamy Stadium on Monday.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
The latest book, in Singh's words, is "not merely a recounting of events but a mosaic of narratives, each woven with the depth and nuances of storytelling".
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Rayudu highlighted Kohli's unparalleled skill and ice-cold composure under pressure.
A staggering 12,000 police officers and personnel will be deployed in Lahore and Rawalpindi during the matches.
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.
India is home to more than 100 million diabetics, and the demand for anti-diabetic drugs is on the rise -- the Rs 20,611 crore anti-diabetic drug market in India is growing at 9 per cent or so.
'International cricket is incomplete without Pakistan.'
Indian pharmaceutical companies are stepping up their efforts to combat the problem of counterfeit drugs, employing a variety of strategies, from packaging innovations to engaging private investigation agencies. The stakes are high, as counterfeit medicines not only harm consumers but also tarnish the reputation of leading brands.
Torrent Power AEC Ltd said on Monday it has got shareholders approval for the merger of Torrent Power SEC Ltd with itself.
Analysts are divided on the deal valuations. Some say Torrent could have bargained harder, as Sanofi, among others, passed it over.
Suchir Balaji, a 26-year-old Indian-origin former employee of OpenAI, was found dead in his San Francisco apartment on November 26. The medical examiner's office ruled the death a suicide, and police say there is no evidence of foul play. Balaji was known for publicly accusing OpenAI of violating US copyright law while developing ChatGPT, a generative AI program that has become a global sensation. His death comes amid a wave of lawsuits against OpenAI from creators who claim their copyrighted material was used without permission to train ChatGPT.
Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.
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