Drug major Sun Pharmaceutical Industries on Wednesday said its Chairman Israel Makov will retire from the company on August 29, 2022.

Makov is retiring upon the completion of his current term post the company's Annual General Meeting after having led the Mumbai-based company for ten years.

He was appointed a Board member and the Chairman in 2012.

Adani Power on Wednesday reported a consolidated net profit at Rs 4,780 crore for the June quarter (Q1). It reported a consolidated net profit of Rs 278 crore in the corresponding period last financial year.

The company's consolidated revenue from operations rose 109 per cent to Rs 13,723 crore compared to Rs 6,569 crore last year.

Rajasthan's minister of state for soldiers' welfare Rajendra Gudha has claimed he was offered Rs 25 crore if he voted for a particular candidate in the recent Rajya Sabha elections.

The MLA, who switched from the Bahujan Samaj Party to the Congress earlier, claimed that he was similarly offered Rs 60 crore during the rebellion against Chief Minister Ashok Gehlot in 2020.

A government panel on Covid immunisation has recommended allowing Biological E's Corbevax as a precaution dose for adults fully vaccinated with either Covishield or Covaxin, official sources said on Tuesday.

If approved by the government, this would be the first time a booster dose of a Covid vaccine different from the one used for primary vaccination would be allowed in the country.

Following the poisonous gas leak incident in a company in the Brandix area of Andhra Pradesh's Atchutapuram, a total of 53 people were admitted to the hospital so far.

"At present, 53 people are admitted here. All have been examined and their condition is stable. They are undergoing treatment," said Hemanth, District Medical and Health Officer, Anakapalle.

Shares of of India’s Zomato Ltd declined as an undisclosed shareholder offered to sell 612 million shares at a discount, a stake matching that held by Uber Technologies.

Zomato fell as much as 9.5 per cent in Mumbai shortly after opening on Wednesday, before paring the drop to 1.6 per cent at Rs 54.65 as of 9:55 a.m. local time.

A Kotak Mahindra Bank arm is targeting to raise up to Rs 1,500 crore to invest in private equity and venture capital funds.

Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a 'fund of funds', which is targeting to raise Rs 750 crore with a greenshoe option of another Rs 750 crore.

DBS Bank India reported a profit after tax of Rs 167 crore in 2021-22, with firm performance in corporate and retail banking segments leading to an 11 per cent on-year rise in net revenues, the lender said via a press release on Tuesday.

The bank, which is a wholly-owned subsidiary of DBS Bank, acknowledged the lagged effects of its amalgamation with Lakshmi Vilas Bank on its net profit.

To ensure an adequate number of pilots for its expanding fleet size, Tata Group-owned Air India (AI) has decided to raise their retirement age from 58 to 65.

Considering future expansion plans for our fleet, it is imperative to meet our workforce requirement for pilots. DGCA ((Directorate General of Civil Aviation) allows pilots to fly till the age of 65 years, compared to Air India retirement age of 58 years. Allowing pilots to fly till the age of 65 is a practice followed by most airlines in the industry, said the airline's internal document issued on July 29.

Shares of YES Bank moved higher up to 15 per cent to Rs 17.46 and hit the highest level since January 2021 on the BSE in Tuesday’s intra-day trade. The stock of private sector lender surpassed its previous high of Rs 16.25 that it had touched on April 7, 2022.

In the past three trading days, YES Bank gained 20 per cent after the bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International, with each investor potentially acquiring up to 10 per cent stake in the lender.

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