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Suven Pharma hits record high on USFDA's 'VAI' tag to Hyderabad facility

Suven Pharma hits record high on USFDA's 'VAI' tag to Hyderabad facility

Suven Pharmaceuticals share price surged up to 3.67 per cent, hitting their all time high at Rs 1,245 per share on the BSE on Monday. This came after the company on Sunday disclosed that it received an ‘VAI’ tag for its subsidiary’s Hyderabad manufacturing facility.

The inspection was carried out by the United States Food & Drug Administration (US FDA) at the formulations manufacturing facility of Casper Pharma, a wholly owned subsidiary of the Suven Pharmaceuticals, located in Hyderabad.

India reports first suspected mpox case; patient's condition stable

India reports first suspected mpox case; patient's condition stable

India on Sunday reported the first suspected case of mpox virus in a young male patient, who had recently travelled from a country witnessing an outbreak of the disease.

In a statement, the Union Health Ministry did not clarify which city the case was found in.

SC agrees to list plea related to insolvency proceedings against Byju's

SC agrees to list plea related to insolvency proceedings against Byju's

The Supreme Court on Friday agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approving its Rs 158.9 crore dues settlement with the BCCI.

A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest.

Rupee second-worst performing Asian currency against US dollar in Aug

Rupee second-worst performing Asian currency against US dollar in Aug

India's rupee became the second worst Asian currency in August, after Bangladesh's Taka. While most Asian currencies gained against the dollar, both Rupee and Taka weakened. The Indian unit was down 0.17 per cent in August and 0.13 per cent in September so far against the dollar. While the currency weakened in the last two months, the Reserve Bank of India’s intervention ensured that volatility was least as the currency traded in a tight range. Intervention also prevented the rupee from hitting the psychological level of 84 per dollar.

Investors lose Rs 4.12 trillion during morning trade as markets slump

Investors lose Rs 4.12 trillion during morning trade as markets slump

Investors' wealth plummeted by Rs 4.12 trillion during the morning trade on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows.

Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09 per cent to 81,304.46 during the morning trade.

ED raids residence of former RG Kar medical college principal Sandip Ghosh, PMLA case registered against him due to...

ED raids residence of former RG Kar medical college principal Sandip Ghosh, PMLA case registered against him due to...

The Directorate of Enforcement (ED) carried out raids at the residence of former principal of RG Kar medical college and hospital, Sandip Ghosh, among othre places in Kolkata in a case pertaining to the financial irregularities in the RG Kar Medical College and Hospital.

GST relief on health insurance: Council likely to take up 4 options

GST relief on health insurance: Council likely to take up 4 options

The Goods and Services Tax (GST) Council in its meeting on Monday is likely to decide on four options regarding tax treatment of health insurance, with the cost to the exchequer potentially ranging from nearly Rs 650 crore to Rs 3,500 crore.

These four options have emerged from a detailed analysis by the Council’s fitment panel, which includes revenue officials from both central and state governments, and follow a request from the Department of Financial Services (DFS) to reduce taxes on health insurance products to make them more affordable and accessible.

Reliance Industries board approves bonus share issue in 1:1 ratio

Reliance Industries board approves bonus share issue in 1:1 ratio

India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital.

The board recommended an increase in authorized share capital to Rs 50,000 crore ($5.96 billion) from 15,000 crore.

Tamil Nadu inks pact with US-based Trilliant for Rs 2000 cr investment

Tamil Nadu inks pact with US-based Trilliant for Rs 2000 cr investment

Tamil Nadu Chief Minister M K Stalin on Thursday said the state government has signed a MoU with US-based Trilliant for establishing its manufacturing unit and a global support centre in the state at an investment of Rs 2,000 crore.

The pact was signed in the US city of Chicago. The CM is on an official trip to the US to garner investments to the state and has already clinched a number of deals.

Delhi excise policy case: SC to hear CM Arvind Kejriwal's plea seeking bail, challenging CBI arrest today

Delhi excise policy case: SC to hear CM Arvind Kejriwal's plea seeking bail, challenging CBI arrest today

The Supreme Court is slated to hear, on Thursday, the pleas filed by Delhi Chief Minister Arvind Kejriwal seeking bail and challenging his arrest by CBI in connection with the liquor policy case. As per the cause list published on the website of the apex court, a bench of Justices Surya Kant and Ujjal Bhuyan will resume hearing the matter on Thursday, September 5.

In his special leave petition filed before the apex court, the AAP convenor has challenged his arrest and subsequent remand orders, while also pressing for bail in the corruption case.

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