The Supreme Court has ordered an interim stay on the National Company Law Appellate Tribunal's (NCLAT's) ruling on the resolution of debt-ridden Orchid Pharma.

The NCLAT in November set aside the National Company Law Tribunal's (NCLT's) approval of a resolution plan by Gurgaon-based Dhanuka Laboratories for Orchid and remitted the matter to the NCLT, observing that it quoted an amount below the liquidation value and could not be approved.

After seeing 5.1 per cent growth in October, the domestic pharma market has bounced back in November. The Indian pharma market (IPM) registered a 14.5 per cent year-on-year growth in November, one of the best growths seen in more than 32 months.

Data from market research firm AIOCD AWACS showed that in November last year, the IPM had clocked a 7 per cent growth.

The economic offences wing (EOW) of Uttar Pradesh Police has arrested seven accused in the UP Power Corporation Limited (UPPCL) employees' provident fund (PF) scam, in which Rs 4,122 crore was illegally parked with private lender Dewan Housing Finance Corporation Limited (DHFL).

Those arrested included a senior DHFL official, a chartered accountant and the owners of bogus brokerage firms. With the new arrests yesterday, the number of those rounded up in the case has risen to 12.

Power generation company NTPC on Saturday said it has signed a term loan agreement for Rs 5,000 crore was signed with State Bank of India (SBI).

The loan facility has been extended at an interest rate linked to 3-month MCLR (marginal cost of funds-based lending rate) of the bank and has a door-to-door tenure of 15 years, NTPC said in a statement.

Congress general secretary Priyanka Gandhi Vadra on Saturday blamed the BJP government in Uttar Pradesh for the death of the Unnao rape victim, following which she met the deceased's family members at their house and offered her condolences.

Hours after the death of the 23-year-old gang rape victim at a Delhi hospital, the Congress leader alleged that the "hollow law and order mechanism in UP" denied justice to survivors of sexual violations.

Goa minister Michael Lobo on Saturday demanded that public hanging of convicts in the rape-murder cases be made compulsory in the country for sending out a strong message in the society in order to curb crime against women.

He also urged Prime Minister Narendra Modi and Union Home Minister Amit Shah to bring amendments to the law to facilitate public hanging of such criminals.

A case was registered against four accused, arrested for the alleged rape and murder of a woman veterinarian near here last month and killed in an encounter, for 'attacking' the police personnel.

Case under IPC sections 307 (attempt to murder), 176 (omission to give notice or information to public servant by person legally bound to give it) and relevant sections of the Indian Arms Act were registered against the accused.

Samajwadi Party president and former Uttar Pradesh chief minister Akhilesh Yadav sat on a dharna outside the Vidhan Bhavan here on Saturday, blaming the Yogi Adityanath-led state government for the death of the Unnao gang rape victim in Delhi.

Terming the day as Black Day, he demanded that the BJP government be removed after accusing it of failing to protect women in the state.

Assets worth over Rs 34 crore of a Gujarat-based firm have been attached under the anti-money laundering law in connection with an alleged bank fraud case, the Enforcement Directorate said on Saturday.

The Enforcement Directorate probe pertains to Biotor Industries Limited and its managing director, Rajesh M Kapadia, and others, which is also being investigated by the Gujarat police and the Central Bureau of Investigation.

Equitas Small Finance Bank will raise Rs 250 crore through private placement from India Infoline Finance Limited (IIFL) Special Opportunities Fund, High Conviction Fund Series I and Focus Equity Strategy Fund - Trivantage Capital. The investors will take 4.51 per cent stake in post-issue.

The board of directors of of Equitas Small Finace Bank (ESFBL/ Bank) had approved to issue of 4,74,58,239 equity shares of Rs 10 each at a price of Rs 52.68 per equity share (including a premium of Rs 42.68 per equity share) aggregating to Rs 250 crore.

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