SUN Financial News

Sun Pharma is looking to fully acquire its Israel-based unit Taro Pharmaceutical Industries in order to integrate the dermatology business with itself and keep it profitable amid increasing competition in the segment, according to Managing Director Dilip Shanghvi. The Mumbai-based drug major has proposed to fully acquire Taro through a reverse triangular merger. The company has issued a letter to the Taro board with a proposal containing a non-binding indication of interest to acquire all of the outstanding ordinary shares for a purchase price of USD 38 per ordinary share in cash.Sun Pharma currently owns around 78 per cent stake in Taro. «My own assessment is that the dermatology business, which is the primary focus for Taro, is a business under constant, increasing competition pressure,» Shanghvi said in an analyst call. He further said: «And as a stand-alone company, it will be very difficult for Taro as an independent company to continue to operate that business profitably. So that broadly is the reason why we felt that it's useful for us to consider integrating that with Sun Pharma.»

ISRO Chairman S Somanath on Saturday said India is capable of launching more interplanetary missions and the objective of the space agency is the overall progress of the country through the expansion of the space sector.Prime Minister Narendra Modi has long-term vision about the country's space sector and the Indian Space Research Organisation (ISRO) is all ready to implement it, he told reporters at the Thiruvananthapuram international airport Saturday night. Somnath reached the Kerala capital for the first time after the historic success of the moon mission. Earlier in the day, Prime Minister Narendra Modi flew down to Bengaluru directly from Greece, to pay tribute to the ISRO scientists. «As far as we are concerned, not just the soft landing, but the entire aspects of the Chandrayaan-3 were 100 per cent successful. The entire country is proud of it and extending support to us,» he said. An elated Somnath said he and his colleagues were happy and proud to be part of the great achievement of the ISRO and requested people to continue their support in their future endeavours.

Aditya L-1 has reached Sriharikota and is prepared for launch in the first week of September. "After the launch, it will take 125 days from the earth to reach Lagrange point 1 (L1). We have to wait till then," Somnath said.

Chandrayaan-3 touched down on the Moon’s surface last week, joining the US, China and the erstwhile Soviet Union in successfully making a soft landing on the lunar soil. What’s remarkable is that India is the only nation to have landed near the southern pole. This spectacular feat will invigorate the Indian Space Research Organisation (ISRO) to undertake more missions and be counted among the space powers of the world.Cost of the mission One of the most interesting facts about the Chandrayaan-3 mission is its cost. India managed to com

ET Now: How are the markets shaping up currently? Rajesh Palviya: Last week, we projected a range of 19200 to 19600, and we're now near the lower end at 19200. Nifty tried breaking above 19500-19550 but faced resistance from aggressive call writers at 19500-19400. As we approach August's expiry week, call writing is seen at 19300-19400 strikes, indicating a shift in call writers' positions downward.

B20 Summit India 2023 here, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few decades or more. «As we look forward, we're sitting amidst a group of trends that are really posing serious challenges to inclusion.

Chandrayaan-3 mission, the Indian Space Research Organization (ISRO) is now gearing up for the launch of a solar mission called ‘Aditya-L1’ to study the Sun on September 2. It will be the first dedicated Indian space mission for observations of the Sun to be launched by ISRO. This big project marks the country's mission that could revolutionize the understanding of the Sun's dynamics and space weather.

Chandrayaan-3's successful lunar landing at the southern pole establishes it as the first nation to attain this distinction. ISRO is “The Mastermind” behind the success.

₹400 crore club at the domestic box office, Sunny Deol's starrer Gadar 2 film has collected nearly ₹7 crore on day 15. According to Sacnilk.com data, Gadar 2 has earned ₹6.70 crore nett in India on its fifteenth day. So far, the film has minted ₹425.80 crore nett in India.

Gadar 2’ is here to stay and rule the Indian box-office single-handedly. As per a report shared by the Indian box-office tracking portalSacnilk.com, the movie is going strong at the box-office. The Sunny Deol-Ameesha Patel starrer collected about Rs 418 crore on Friday (August 25). It is expected to earn Rs 6 crore on Saturday. If it can do so, the movie would cross Rs 425 crores. Film trade analyst Taran Adarsh took to Twitter to share the box-office collections of the movie. “ALL-TIME BLOCKBUSTER… #Gadar2 WREAKS HAVOC in Week 2… Mass pockets on continue to set NEW BENCHMARKS… Will continue to dominate the heartland in Week 3 as well… [Week 2] Fri 20.50 cr, Sat 31.07 cr, Sun 38.90 cr, Mon 13.50 cr, Tue 12.10 cr, Wed 10 cr, Thu 8.40 cr. Total: 419.10 cr. #India biz,” he wrote. The movie collected Rs 284 crore in the first week and Rs 134 crore in the second.

MUMBAI : BPEA EQT on Thursday sold its entire 26.63% stake in Coforge Ltd (formerly NIIT Technologies) for ₹7,684 crore to multiple investors through bulk deals, leaving the software services firm without a promoter and the first of its kind to be entirely owned by public investors. The block deals in the software services firm boosted its stock by around 10% to ₹5,391 on Thursday, with the transactions drawing marquee investors such as SBI Mutual Fund, Aditya Birla Mutual Fund, Capital Group and Kotak Mahindra Group. Coforge is a professionally managed company, and hence, no identifiable promoter is a good thing, said an analyst.

Coforge, Max Financial, Manappuram Finance, RBL Bank and Sapphire Foods saw heavy buying and selling on Thursday, August 24 among bulk and block deals on stock exchanges BSE, NSE. The stock were in focus accordingly during the trading session. Shares of Coforge surged over 9 per cent to hit the day's high of ₹5,403.85 apiece on the BSE after a block deal.

As millions rejoice over the successful landing of Chandrayaan-3, ISRO has announced plans for several new ventures. Chairman S Somanath confirmed on Thursday that a solar mission was currently in the works. Prime Minister Narendra Modi had also alluded to future missions to the Sun and Venus during an address after the lander touched down on the moon.

Chandrayaan-3's lander and rover on the moon, ISRO is hoping that their mission life will not be limited to one lunar day or 14 earth days, and that they will come back to life when the sun again rises on the Moon, to carry on with the experiments and studies there. Following the deployment of the lander and rover, the systems on them are now ready to perform experiments one after the other so as to complete them within 14 earth days, before the pitch darkness and extreme cold weather engulfs the Moon. The lander (Vikram) touched down near the south pole of the Moon at 6.04 pm on Wednesday, successfully completing one of the Chandrayaan-3 mission's stated objectives of soft landing on lunar surface. Earlier today ISRO announced that the rover (Pragyan) rolled down from the lander, stating, "India took a walk on the Moon." ISRO had earlier said the 26 kg six-wheeled rover was scheduled to descend from the lander's belly on to the Moon's surface, using one of its side panels which acts as a ramp. The lander and rover — with a total mass of 1,752 kg — are designed to operate for one lunar daylight period (about 14 Earth days) to study the surroundings there. However, ISRO officials do not rule out the possibility of them coming back to life for another lunar day. Explaining what would happen after the lander's soft landing and deployment of the rover, ISRO Chairman S Somnath had earlier said, «After this, all the experiments (by payloads on lander and rover) will take place one after the other — all of which have to be completed in just one day on the Moon, which is 14 (Earth) days.» Noting that as long as the sun shines, all the systems will have its power, he said, «The moment the sun sets, everything will be in pitch

Nifty Midcap stocks to new 52-week highs on August 24 reflects strong market optimism and growth potential across various sectors. This surge in stocks, including Shriram Finance, Mphasis, and Bharat Forge signifies the resilience and potential for growth within these companies. The data was sourced from StockEdge at 2.20 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. APL Apollo TubesAPL Apollo Tubes achieved a noteworthy feat by hitting a new 52-week high of Rs 1663.9 on August 24.

In a remarkable feat, Chandrayaan-3 accomplished a flawless soft-landing on the Moon's southern pole on August 23. The culmination of this achievement heralds the commencement of a pivotal phase of lunar exploration. Chandrayaan-3's grandeur is defined by its impressive heft.

Chandrayaan-3 Mission livestream by ISRO captured the attention of over 80 lakh peak concurrent viewers (PCVs) took the top spot in terms of peak concurrent views on YouTube, as per Sacnilk.com data. The Chandrayaan-3 spacecraft took off from the Satish Dhawan Space Centre in Andhra Pradesh on July 14.

Chandrayaan-3, near the south pole of the moon. The success of India’s third lunar mission makes it only the fourth country to achieve the milestone after the US, Russia and China. As lander Vikram, touched down at the proposed landing site 70 metres near the south pole at 6.04 pm, it marked the culmination of the work of decades by the Indian Space Research Organisation (ISRO), evoking awe and winning plaudits from an array of global and local admirers. “India is on the Moon,” said chairman S Somanath to the sound of resounding cheers that erupted at the Mission Operations Complex (MOX) at Isro’s Telemetry Tracking and Command Network (ISTRAC) in Bengaluru. Terming the moment as “unforgettable,” Prime Minister Narendra Modi, who viewed the landing live from Johannesburg, said, “When we see such a history being made before our eyes, life becomes blessed. Such historical events become the eternal consciousness of a nation’s life.” Noting that India will soon launch the Aditya L1 mission, the prime minister said, “Even the Sun is not far away.” Speaking to the reporters after the monumental achievement, the ISRO chief attributed the success of Chandrayaan-3 to project director P Veeramuthuvel and mission directors M Srikanth and Kalpana K, and M Sankaran, director of the UR Rao Satellite Centre in Bengaluru. As soon as the landing was confirmed, MOX erupted in cheers, handshakes, and smiles.

climate change in those hotter years, “you get really intense conditions," White said. The long stretches of warm weather are affecting everything from food production to everyday activities. Farmers in Italy are growing mangoes, bananas and other tropical fruits.

Indian Space Research Organisation (ISRO), has made a significant advancement and marked a turning point in the country's space efforts. This victory has given ISRO officials a newfound drive as they fervently prepare for their next challenging mission, one that intends to investigate the Sun, the fiery core of our solar system. The Aditya-L1 spacecraft, a remarkable venture as India's first space-based solar observatory, currently resides at the Sriharikota rocket port, meticulously undergoing preparations for its impending launch.