Softbank-backed food delivery firm Swiggy said on Thursday it aims to raise Rs 3,750 core ($448.56 million) in its initial public offering, which looks set to be among India's biggest listings this year.

Existing shareholders including Accel India and Tencent Europe will sell about 185.3 million shares, the Bengaluru-based startup said in its draft prospectus.

The Supreme Court on Thursday reserved its verdict on a plea of a US firm against the NCLAT order stopping insolvency proceedings against ed-tech firm Byju's.

A bench headed by Chief Justice D Y Chandrachud asked the insolvency resolution professional (IRP) to maintain status quo till the apex court delivers its judgement in the matter.

Low-cost carrier SpiceJet credited pending salaries of its employees for the months between June and August this year late on Wednesday, a company source said.

The clearing of salary dues comes days after the airline raised Rs 3,000 crore through a Qualified Institutional Placement (QIP).

A Mumbai court on Thursday sentenced Shiv Sena (UBT) MP Sanjay Raut to 15 days simple imprisonment in a defamation complaint filed against him by BJP leader Kirit Somaiya's wife Medha Somaiya.

The metropolitan magistrate (Sewree court) convicted the Rajya Sabha member under Indian Penal Code Section 500 (punishment for defamation) and also imposed a fine of Rs 25,000 on him.

Over 50 medicines, including those for diabetes, hypertension, vitamins, calcium D3 supplements, bacterial infections, and acid reflux, have failed quality tests conducted by India’s drug regulator.

The Central Drugs Standard Control Organisation (CDSCO) issued a ‘Not of Standard Quality’ (NSQ) alert for August, highlighting that some of the top-selling medicines were produced by well-known pharmaceutical companies, including Alkem Laboratories, Hetero Drugs, Hindustan Antibiotics Limited (HAL), and Karnataka Antibiotics and Pharmaceuticals Ltd.

BJP president and Union Minister JP Nadda on Thursday came down heavily on opposition Congress and labelled the party as the "spokesperson of urban naxals." Nadda made these remarks while addressing a meeting to mark the BJP's membership drive in Odisha.

"The Congress has become the spokesperson of urban naxals and is encouraging disintegrative forces in the country," he told a gathering of intellectuals who have joined the saffron party in the state.

In wake of torrential rains across Mumbai, Schools and colleges in Mumbai are closed today, September 26.

Severe waterlogging and traffic snarls were witnessed in several parts of the city, with a landslide also reported at the Mumbra bypass, causing further disruption to movement in the city.

PC Jeweller shares in focus:Jewellery maker PC Jeweller shares rose as much as 4.17 per cent to hit a fresh 52-week high of Rs 157.30 per share on Wednesday, September 25, 2024.

The uptick in PC Jeweller stock came after the company announced that the board will meet on September 30 to consider a stock-split.

An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters.

EY faces scrutiny in India over the death of audit executive Anna Sebastian Perayil, which her mother blamed on a "backbreaking" workload in a letter to EY India's chairman.

After the Karnataka High Court dismissed his petition challenging Governor Thaawarchand Gehlot's approval on conducting an investigation in the alleged Mysuru Urban Development Authority (MUDA) scam, Karnataka Chief Minister Siddaramaiah said on Tuesday that he is not scared of the BJP and JD(S) conspiracy and will discuss with legal experts & ministers how to fight this.

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