Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, it provides International Retail Banking, Insurance and Financial Services, Global Banking, and Investor Solutions. As per corporate shareholdings filed for June 30, 2023, Societe Generale publicly holds 14 stocks with a net worth of over Rs. [...]
The capital markets regulator Sebi has given the TPG Capital-backed wires and cable producer RR Kabel Ltd the green light to seek money through an Initial Public Offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the IPO consists of a new issue of equity shares with a maximum value of Rs 225 crore [...]
Pharmaceutical giant Lupin Ltd. announced on Tuesday that the US health agency had given the go-ahead for the marketing of its generic Pirfenidone capsules, which are used to treat the lung condition known as idiopathic pulmonary fibrosis. The approval granted by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application [...]
To achieve zero carbon emissions by 2038, the state-owned Oil and Natural Gas Corporation (ONGC) will invest roughly Rs 2 lakh crore, its chairman Arun Kumar Singh said on Tuesday. The firm will invest Rs 1 lakh crore by 2030 in setting up 10 gigawatts of renewable energy capacity, green ammonia plant, and offshore wind [...]
The generic drug Mycophenolate Mofetil for oral suspension, which is used in organ transplant patients to prevent rejection, has been approved by the US health agency, Strides Pharma Science Ltd. on Wednesday said. The approval granted by the US Food & Drug Administration (USFDA) is for Mycophenolate Mofetil for oral suspension of strength 200 mg/ml, [...]
The government's decision to lower the cost of cooking gas cylinders is a gift to the lower and middle classes, Commerce and Industry Minister Piyush Goyal said on Tuesday. To lessen the impact of growing inflation on people, the government on Tuesday announced a reduction in the cost of home cooking gas of Rs 200 [...]
Tata Power-DDL is a power distribution company (discom) that supplies electricity in North Delhi and serves a populace of 7 million. Tata Power Delhi Distribution Ltd (Tata Power-DDL) has received a three-year extension till 2026 from the Department of Scientific and Industrial Research (DSIR) for its in-house R&D unit. Tata Power Delhi Distribution Ltd is [...]
India and New Zealand have signed a Memorandum of Understanding (MoU) to boost cooperation in civil aviation, which includes scheduling of new routes, codeshare services, traffic rights and capacity entitlement, an official statement said on Tuesday. According to the MoU, the designated airline(s) of New Zealand may operate any number of services with any type [...]
Capital markets regulator SEBI on Tuesday came out with guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges and other market infrastructure institutions (MIIs). The new guidelines will come into force with immediate effect and in a statement, SEBI stated that cyber risk of MIIs isn't limited to MIIs owned [...]
Benchmark equity indices Sensex and Nifty closed on a flat note on Wednesday amid weak global cues. Shedding most of the gains made during the day, the 30-share BSE Sensex ended 0.02 per cent or 11.43 points higher at 65,087.25 points. Similar trends were witnessed on the NSE too where the broader 50-share Nifty inched [...]
