Safex Chemicals, one of India’s rapidly growing agrochemical companies backed by ChrysCapital, has filed its draft red herring prospectus (DRHP) with SEBI to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth ₹450 crore along with an offer for sale (OFS) component by existing shareholders,…
The Alberta government has reportedly secretly settled multiple lawsuits worth billions of dollars with major coal companies, sparking outrage among environmental groups, Indigenous communities, and citizens who accuse the province of betraying public interest to protect corporate allies. Background: The Coal Policy Flip-Flop The controversy stems from Alberta’s 2020 reversal of its 1976 Coal Policy,…
California, July 4, 2025:The escalating impact of former US President Donald Trump’s tariffs continues to ripple through American industries, with the latest casualty being Ghirardelli Foods, a 139-year-old San Francisco-based chocolate and confectionery giant, which has filed for Chapter 11 bankruptcy protection this week. The Legacy That Faces An Uncertain Future Founded in 1886 by…
In a strategic move to expand its healthcare footprint, Unaprime Healthcare has acquired an 84.5% majority stake in Lokmanya Hospitals, a prominent multi-specialty hospital chain headquartered in Pune, Maharashtra. The acquisition is part of Unaprime’s ambitious plan to establish itself as a formidable player in India’s rapidly consolidating healthcare sector. Key Deal Highlights Parameter Details…
Mahindra Holidays & Resorts India Ltd (MHRIL) has announced that its Finnish subsidiary, Holiday Club Resorts Oy, has acquired 100% stake in Salla Star Property firm for a cash consideration of €0.26 million (approx. ₹2.35 crore). This strategic acquisition is aimed at enhancing Holiday Club’s property portfolio in Finland, focusing on high-demand experiential destinations. Acquisition…
Shares of a prominent Indian textile manufacturing company surged nearly 4% in intraday trade on Thursday after the firm announced a fresh ₹10 crore order from AL Rahmat Textiles, a leading exporter based in the Middle East. This development is seen as a significant boost to its order book, reflecting improving export demand and strategic…
In a strategic move to strengthen its foothold in India’s pharmaceutical landscape, Torrent Pharmaceuticals Ltd announced on Thursday its decision to acquire an additional 2.41% stake in JB Chemicals & Pharmaceuticals Ltd (JBCPL) for a consideration of ₹620 crore. The transaction signals Torrent’s continued confidence in JBCPL’s growth potential and is likely to enhance its…
Shares of Tata Power Company Ltd fell nearly 2% in morning trade on Thursday, following news that an international arbitration tribunal has ruled in favour of Kleros Energy, ordering Tata Power to pay $490 million (approximately ₹4,095 crore) in a long-pending contractual dispute. The adverse verdict has raised concerns over financial implications for India’s largest…
Foreign portfolio investors (FPIs) continued their selling spree in Indian equities for the fourth consecutive trading session on Thursday, reflecting global risk-off sentiment amid rising US bond yields, geopolitical tensions, and profit booking in overheated sectors. Market analysts note that this persistent outflow pattern could keep Indian indices volatile in the near term. Key Highlights…
Trent Ltd, the retail arm of the Tata Group, witnessed a sharp sell-off on Thursday with shares plunging over 11% intraday, wiping out nearly Rs 310 crore from ace investor Radhakishan Damani’s portfolio in a single session. The decline comes amid concerns over rich valuations, profit-booking after a steep rally, and broader market weakness. Key…
