Orchid Chemicals and Pharmaceuticals is acquiring a Chennai-based firm for Rs 260 million ($5.4 million) in an all-cash deal to expand to speciality drugs, the Bombay Stock Exchange said on Tuesday.
Floriculture is one area Thailand corporates are eying in India now
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago. Of those, 100 are from core functions such as marketing, business, and product, while the rest are from sales.
Orchid Chemicals and Pharmaceuticals Ltd has entered into a marketing alliance with Australia-based Mayne Pharma, for distribution of select life-saving injectable antibiotic formulations.
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ITeS company Mphasis chairman Jerry Rao has invested an undisclosed amount in Royal Orchid Group of Hotels after joining the group's board of directors.
Col Singh was a combat veteran and was awarded Sena Medal during his tenure as second-in-command of the 19 Rashtriya Rifles.
K Raghavendra Rao, one of the founding promoters and managing director of Orchid Chemicals and Pharmaceuticals, said he may initiate talks to buy back its 14.7 per cent stake that is now with Rexcel, a unit of pharma major Ranbaxy.
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
Ahead of Prime Minister Narendra Modi's visit to Ayodhya on December 30, the streets in the temple town in Uttar Pradesh are being decorated with flowers to give the city a 'divine look'.
An exclusive extract from Richard Zimler's compelling look at the Inquisition in Goa.
'The temple's construction is the result of collective wisdom of some of the best brains in the country. Water and sacred soil from almost all pilgrimage sites in India, including Gangotri, Yamunotri, Kailash Mansarovar, Prayags (there are seven Prayags) and all 'puris' (seven holy towns in India, besides Ayodhya) have been used in the making of the temple'
President Droupadi Murmu has approved 76 gallantry awards, including four Kirti Chakras posthumously and 11 Shaurya Chakras to personnel of the security forces, on the eve of the 77th Independence Day, officials said.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
Her finale look was created by fashion designer Saisha Shinde.
The pungent masala of the Mutton Xacutti can be used to make a mixed vegetable dish too.
'Professors can teach even when they are 90 because they don't lose their skill with words. Go deeper and there's spirituality in it.'
Enjoy your summer hols at these chill places.
The splendid rock figures around Cappadocia and the silent, eternal ruins of Ephesus made a trip to Turkey even more memorable.
Bridal lehengas by designer Suneet Varma that deserve the spotlight.
Ibakordor Pde, Assistant Restaurant Manager of Hilton Mumbai International Airport has curated two easy-to-make recipes just for you.
On day 3 of his visit to Singapore, Prime Minister Narendra Modi has a busy schedule. Here are glimpses from PM's Singapore visit.
A list of must-taste Turkish desserts.
Bommarabettu Laxmijanardhana Santhosh is the only south Indian and the Rashtriya Swayamsevak Sangh's representative in the BJP's senior decision-making hierarchy.
Candice Swanepoel, who was in Brazil to celebrate the carnival in Rio de Janeiro, puts her curves on display.
7 fashion lessons we learnt from the Oscars red carpet.
The hospitality sector has been hit very hard by the pandemic. In the past 18 months, it has lost business, first because of the harsh lockdowns and after that because of lack of demand due to the ensuing economic slowdown. Most hospitality businesses have sustained low revenues and losses since April 2020. Is this the classic case of a beaten-down cyclical sector that may be close to bottoming out?
Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent. The move to relax dilution norms is seen as a precursor to Life Insurance Corporation's IPO. The central government has said companies with an m-cap exceeding Rs 1 trillion will have to dilute Rs 5,000 crore and at least 5 per cent of their m-cap. Experts said the earlier framework discouraged large companies from listing since they were forced to offload a large volume of shares during the time of their IPO.
The BMC said around 3,500 residents of the 55-floor Orchid Enclave tower adjoining the mall were shifted as a precautionary measure.
In a fresh round of patent battle over the launch of generic drugs in the US market, domestic pharmaceutical majors Orchid, Sun Pharma and Ranbaxy Laboratories have been sued by Cima Labs, Otsuka Pharmaceutical Co and Abbott Laboratories, respectivel
The activist, who advises various farmer organisations, was arrested when Assam was witnessing widespread protests against the Citizenship (Amendment) Act.
'Tamhane's densely composed shots achieve what a vacuously whizzing camera seldom does.' 'Like those Renaissance Paintings in which a bewitching lady is shown posing for a portrait, and daily life plays out in a corner unruffled, Tamhane's static frames have a hundred interesting things happening within them,' observes Sreehari Nair.
The capital market regulator has to recover Rs 64.85 lakh (Rs 6.48 million) from Ranbaxy's former independent director V K Kaul and Rs 12.97 lakh (Rs 1.29 million) from his wife Bala Kaul.
A beautiful rendition of 'Vaishnav Jan To Tene Kahiye', a favourite bhajan of Mahatma Gandhi, was sung on the occasion.
The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
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