SUN Financial News

Reliance Industries: The Centre on Thursday filed a petition challenging a Delhi high court order in favour of Reliance Industries Ltd (RIL) regarding a gas dispute in the Krishna Godavari Basin. The court has asked RIL to file a response, a counsel aware of the matter said.

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The operator of a luxury cruise ship that ran aground in Greenland with 206 people on board said Thursday that the MV Ocean Explorer was “successfully” pulled free by a fisheries research vessel at high tide

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LIC on Thursday said it has sold 2 per cent of its holding in Sun Pharma for Rs 4,699 crore via open market sale. Following the share sale, there is a decrease of 2 per cent in holding during the period from July 22, 2022 to September 13, 2023. «Corporation's shareholding in Sun Pharma has diluted from 12,05,24,944 to 7,22,68,890 equity shares decreasing its shareholding from 5.023 per cent to 3.012 per cent of the paid-up capital of the said company,» LIC said in a regulatory filing. The shares were sold at an average price of Rs 973.80 per share during the period through an open market sale in an ordinary course of transaction, it said. Sun Pharma is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APls). Shares of the country's largest state-owned insurer, LIC, closed at Rs 660.80 apiece on BSE, up by 0.27 per cent.

HDFC Mutual Fund has launched HDFC Pharma and Healthcare Fund, an open-ended equity scheme investing in pharma and healthcare companies. The new fund offer or NFO of the scheme is open for subscription and it will close on September 28. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO. The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of pharma and healthcare companies.

Sun Pharmaceutical Industries on Thursday said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, in the country, the Mumbai-based drug major said in a statement. Developed by Pharmazz for potential global use, Sovateltide, is indicated for treating cerebral ischemic stroke.

IPO listing date has been scheduled for Monday, September 18 on NSE and BSE. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8. Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3.

Samhi Hotels IPO: Samhi Hotels has raised ₹616.50 crore from anchor investors a day ahead of its IPO subscription opening for bidding. The initial public offering (IPO) will open for subscription on Thursday, September 14 and close on Monday, September 18. The Goldman Sachs-backed company has fixed the price band at ₹119 to ₹126 per share.

Samhi Hotels on Wednesday said it has mopped up Rs 616.54 crore from anchor investors ahead of its initial share sale. The company has allocated 4,89,32,143 equity shares to 35 entities at an average price of Rs 126 apiece, according to a circular uploaded on the BSE website.SBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Tata MF, Elara India Opportunities Fund, Singapore Government, Monetary Authority of Singapore, Societe Generale, Segantii India Mauritius, D E Shaw Valence International (SPV) LLC, Lion Global Asia Pacific Fund and Citigroup Global Markets Mauritius Pvt Ltd are among the anchor investors. On Monday, the Gurugram-based Samhi Hotels' fixed the price band for its Rs 1,370 crore-primary share sale that opens on Thursday at Rs 119-126 per share. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth up to Rs 1,200 crore and an Offer For Sale (OFS) of up to 1.35 crore shares.

When natural or manmade disasters happen, renters insurance can mean the difference between catastrophe and stability

President Vladimir Putin. That meeting underscores how the two leaders’ interests are aligning in the face of their separate, intensifying confrontations with the United States. The launch extended a highly provocative run in North Korean weapons testing since the start of 2022, as Kim used the distraction caused by Putin’s war on Ukraine to accelerate his weapons development.

RR Kabel Ltd on Tuesday said it has mobilised Rs 585.62 crore from anchor investors ahead of its initial share sale. The company has allocated 56,58,201 equity shares to 54 entities at an average price of Rs 1,035 apiece, according to a circular uploaded on the BSE website. HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, HDFC Life Insurance Company, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, Elara India Opportunities Fund, and Government Pension Fund Global are among the anchor investors. RR Kabel's Rs 1,964 crore Initial Public Offering (IPO) which comprises a fresh issue of shares worth up to Rs 180 crore and an offer for sale (OFS) of over 1.72 crore shares by promoters and other external shareholders opens for public subscription on Wednesday. Through the OFS, the promoters/promoter entities will sell 3-4 per cent of their holdings but will still continue to hold 64 per cent in the company.

Akon has exciting news for his fans as he announces 'The Superfan Tour' for 2023. Get ready to groove to all your favorite Akon hits from the past 20 years, from «Right Now (Na Na Na)» to «Soul Survivor.» Produced by Live Nation, this 15-city tour promises an unforgettable musical journey.

Wipro: Wipro Holdings (UK) has completed the transfer of its entire shareholding in Wipro 4C NV to Wipro IT Services UK Societas, with the effective date being September 12. Both Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV operates as a step-down subsidiary.

₹100 crore to Sun Group chairman and former promoter of the airline Kalanithi Maran, according to the direction of the Delhi high court on the arbitral award. On Monday, the airline paid ₹77.5 crore and committed to clear the remaining amount of ₹22.5 crore within a day, as the counsel appearing for Maran refused to accept a cheque that was submitted in the HC, and instead requested SpiceJet to transfer the amount via RTGS. On 24 August the Delhi high court had ordered SpiceJet to pay ₹100 crore as part of the arbitration award to Maran by 10 September.

RR Kabel IPO: RR Kabel has raised ₹585 crore from anchor investors a day ahead of its IPO subscription opening for bidding. RR Kabel initial public offering (IPO) will open for subscription on Wednesday, September 13 and close on Friday, September 15. The TPG-backed company has fixed the price band at ₹983 to ₹1,035 per equity share of face value of ₹5 each for the issue.

MONTREAL — Passengers aren’t the only ones feeling cramped these days.

stood among the top gainers. MAGADHSUGAR(down 12.38%), BAJAJHIND(down 10.57%), Sakthi Sugars(down 9.21%), KCP Sugar & Industries(down 8.84%), Rana Sugars(down 8.71%), AVADHSUGAR(down 8.52%), Simbhaoli Sugars(down 8.29%), Mawana Sugars(down 7.94%), Uttam Sugar Mills(down 7.41%) and Ponni Sugars(Erode)(down 6.79%) were among the top losers of the day. The NSE Nifty50 index ended 3.15 points down at 19993.2, while the 30-share BSE Sensex closed up 94.05 points at 67221.13. Tata Consultancy Services Ltd.(up 2.87%), Larsen & Toubro Ltd.(up 1.72%), Infosys Ltd.(up 1.66%), Divi's Laboratories Ltd.(up 1.37%), UltraTech Cement Ltd.(up 1.29%), ICICI Bank Ltd.(up 1.25%), Dr.

BEIJING — Walter Isaacson's new biography of Elon Musk hit the Chinese market Tuesday, several hours ahead of the U.S. release due to a time difference that puts Beijing 12 hours ahead of New York.

Torrent Power(up 0.37%) and Power & Instrumentation(Gujarat)(up 0.13%) stood among the top gainers. Reliance Power(down 11.54%), Jaiprakash Power Ventures(down 11.22%), Gujarat Industries Power(down 10.57%), DPSC(down 10.39%), NLC India(down 9.51%), Transformers and Rectifiers(India)(down 9.14%), Voltamp Transformers(down 8.76%), SJVN(down 8.40%), JSW Energy(down 7.91%) and Inox wind(down 7.39%) were among the top losers of the day. The NSE Nifty50 index ended 3.15 points down at 19993.2, while the 30-share BSE Sensex closed up 94.05 points at 67221.13. Tata Consultancy Services Ltd.(up 2.87%), Larsen & Toubro Ltd.(up 1.72%), Infosys Ltd.(up 1.66%), Divi's Laboratories Ltd.(up 1.37%), UltraTech Cement Ltd.(up 1.29%), ICICI Bank Ltd.(up 1.25%), Dr.