Pharma major Glenmark Pharmaceuticals Ltd on Tuesday (June 30) said the US Food and Drug Administration (US FDA) has issued six observations following a Good Manufacturing Practices (GMP) inspection of its manufacturing facility in Goa.The inspection was conducted between June 22 and June 30, 2026…
State-owned telecom infrastructure provider RailTel Corporation of India Ltd on Tuesday (June 30) said it has secured a ₹107.6 crore work order from Mahanadi Coalfields Ltd for the establishment of an MPLS VPN (Multiprotocol Label Switching Virtual Private Network) on a rental basis.The order, valu…
Jana Holdings Limited (JHL), the holding company of Jana Small Finance Bank, is likely to be downgraded to a “default” rating by rating agencies following a delay in repayment of its non-convertible debentures (NCDs), CNBC-TV18 has learnt from two people directly in the know.According to these peop…
Indian equity benchmarks extended their losing streak for a second straight session on Tuesday, with the Nifty50 ending 80 points, or 0.34%, lower at 23,865 amid a volatile monthly F&O expiry session.The index opened on a positive note but failed to sustain above the 24,000 mark. Selling pressure e…
Auto components maker Rane (Madras) Ltd on Tuesday (June 30) said it has entered into a Business Transfer Agreement with Hindustan Composites Ltd to acquire its friction business on a slump sale basis for an enterprise value of ₹370 crore.The acquisition, approved by the company’s board of director…
US Markets | The Dow Jones Industrial Average was largely unchanged on Tuesday as oil prices held above $70 per barrel. The Dow Jones Industrial Average rose 53 points, or 0.1%, while the S&P 500 gained 0.2%. The Nasdaq Composite advanced 0.5%.US-Iran Talks| Iran’s Foreign Ministry spokesperson sai…
Cupid Ltd on Tuesday said it is on track to deliver revenue of more than ₹150 crore in the June quarter, one of the strongest quarterly performances in its history, prompting the company to raise its medium-term revenue outlook amid improving visibility across domestic and international markets.The…
US stocks traded mixed on Tuesday, June 30, as investors weighed higher oil prices and lingering uncertainty over developments in the West Asia, while Wall Street remained on track to cap a strong first half and second quarter.The Dow Jones Industrial Average fell about 118 points, or 0.2%, after c…
KPIT Technologies on Tuesday said it expects its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations after a sudden slowdown in business from several European automakers, although it remains confident of delivering sustainable, profitable growth in the second h…
Hexaware Technologies has launched Tensai for Reasoning Ops, the first generally available operating stage of its Tensai Agentic ITOps platform, aimed at bringing agentic AI to enterprise IT operations.According to the company, the platform enables AI agents to read live operational signals, reason…
Fintech firm Zaggle Prepaid Ocean Services Ltd on Tuesday, June 30, signed a five-year agreement with APAC Financial Services Private Ltd, a technology-led non-banking financial company (NBFC), to provide its enterprise software platforms.Under the agreement, Zaggle will provide Zoyer, its procurem…
Realty firm Prestige Estates Projects Ltd on Tuesday (June 30) launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai, with an estimated gross development value (GDV) of ₹2,200 crore.The phase comprises Towers C (in part) and Tower D, and is located at the foothills of Yogi…
Surging global demand for Lotus Bakeries NV’s Biscoff biscuits has helped propel the Belgian snack maker’s shares nearly 590% over the past decade, far outpacing the broader global food sector.The stock has risen 47% so far this year, even as food and consumer staples companies have largely struggl…
L&T Technology Services(LTTS) on Tuesday, June 30, launched Ainfonix 4.0, an artificial intelligence-powered platform designed to help process industry companies convert engineering documents and technical records into structured digital data.The company said the engineering intelligence platform i…
Private insurer HDFC Life Insurance Company Ltd on Tuesday (June 30) said it has received an order from the Commissioner (Appeals), Thane, confirming a GST demand along with interest and penalty amounting to ₹132.7 crore."This is with reference to our intimation dated June 28, 2024, disclosing the…
US stock futures traded higher on Tuesday, June 30, after the Dow Jones Industrial Average closed at a record high in the previous session, with Wall Street on track to wrap up a strong first half of the year amid easing geopolitical tensions and falling oil prices.Futures tied to the Dow Jones Ind…
Private lender Kotak Mahindra Bank Ltd on Tuesday (June 30) said it has signed a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, private banking and wealth management business in India on a slump sale basis.CNBC-TV18 had first reported that…
Defence engineering company Paras Defence and Space Technologies Ltd on Tuesday (June 30) said it has signed an intellectual property (IP) license agreement with Tandem Defense LLC, a wholly owned subsidiary of Autonomous Power Corporation (Powerus), for the Guardian-1 Interceptor technology.Under…
Greaves Cotton Ltd. has incorporated a wholly owned subsidiary in Dubai as it steps up efforts to expand its international business and strengthen its presence across the West Asia and Africa.The new entity, Greaves International Trading FZE (GITFZE), will act as a regional hub for trading and dist…
Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Tuesday (June 30) said it has received a favourable arbitration award of ₹148.67 crore in relation to claims arising from a tunnel project in Jammu & Kashmir.The company informed that the award pertains to claims arising out of the Construc…
