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HDFC Life Insurance will raise ₹1,500 crore through non-convertible debentures (NCDs) after its board approved the plan on Friday. The insurer will issue ₹1,000 crore in NCDs, with an option to raise an additional ₹500 crore via a greenshoe option, all on a private placement basis. The NCDs, carrying a coupon rate of 8.05% and a 10-year term, are set for allotment on October 9. Company's capital raising committee (CRC) met on Friday to finalise commercial terms for the fundraising under this first tranche, the company said in a stock exchange announcement. In a previous board meeting in July, the insurer had authorised raising ₹2,000 crore through NCDs in one or more tranches.

UBS prefers Sun Pharma and Cipla among Indian drugmakers and expects the stocks to return 26% and 23%, respectively, over Friday’s closing. Ascribing sell ratings to Lupin, Dr Reddy’s Laboratories, Zydus Lifesciences and Aurobindo Pharma, the brokerage said the US generic market has been declining and the pace could worsen.

Domestic benchmark index NSE Nifty ended 37.1 points down at 26178.95, while the BSE Sensex closed 264.27 points down at 85571.85.

Paliperidone extended-release tablets indicated for the treatment of schizophrenia. The approval by the US Food & Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) Paliperidone extended-release tablets of strengths 1.5 mg, 3 mg, 6 mg, and 9 mg, Alembic Pharmaceuticals said in a regulatory filing. The approved ANDA is therapeutically equivalent to the Reference Listed Drug product (RLD), Invega extended-release tablets, 1.5 mg, 3 mg, 6 mg, and 9 mg, of Janssen Pharmaceuticals, Inc, it added. Paliperidone extended-release tablets are an atypical antipsychotic agent indicated for the treatment of schizophrenia and it is also indicated for the treatment of schizoaffective disorder as monotherapy and as an adjunct to mood stabilisers and/or antidepressants.

The NSE Nifty index ended the session 37.1 points down at 26178.95, while BSE Sensex fell 264.27 points to 85571.85.

The NSE Nifty index closed 37.1 points down at 26178.95, while BSE Sensex ended down 264.27 points at 85571.85.

liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday. «We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity. Something which has broad-based sanctions, we are not touching it,» Jain told reporters. The Arctic LNG 2 project by Russia's Novatek is subject to Western sanctions over Russia's war with Ukraine. The United States has also imposed sanctions on hundreds of entities and individuals for supporting Russia's war effort including companies supporting the development of Arctic LNG 2 project and its shipment of LNG.

Meta AI personal assistant, which has 400 million users globally, Meta Platforms global chief product officer Chris Cox told ET. “It’s clear that India is a nation that celebrates technology and moves to the front,” Cox said in an interview. “We see a lot of startups, businesses like banks, insurance companies, doctors, researchers and developers building AI applications on top of Llama.” While aiming to build AI compute capacity, India should also invest in building the right infrastructure needed to support it, such as clean energy, said Cox, 42, who joined Facebook in 2005 as one of the first 15 engineers at the company and became chief product officer in 2014.

CBI has registered a case of alleged Rs 525-crore bank loan fraud against the promoters and directors of travel company Cox and Kings on the complaint of Yes Bank, officials said on Thursday. The CBI has taken over the investigation from the Mumbai Police that was probing the matter against the travel company, its promoters/directors Ajay Ajit Peter Kerkar and Usha Kerkar, CFO Anil Khandelwal and directors Mahalinga Narayanan and Pesi Patel. The central probe agency has registered the case on a reference from the Maharashtra government routed through the Centre against all individuals under IPC sections related to cheating, forgery and criminal misconduct in addition to provisions of the Prevention of Corruption Act.

Zetwerk Manufacturing on Thursday said it has received a solar module supply order from state-owned NTPC for its Gujarat project. The order is for the manufacturing and supply of 1,515 MWp (megawatt peak) of (Approved List of Models and Manufacturers) ALMM-compliant 'Made in India' solar PV modules, including mandatory spares, for the 1,200 MW Khavda Solar project, the company said in a statement.

Modi's visit to Maharashtra's Pune on Thursday has been cancelled due to heavy rainfall in the region. He was to visit the city to inaugurate the much-anticipated underground Metro corridor linking Civil Court to Swargate. He was also lay foundation stone for the extension of the metro line from Swargate to Katraj. Further, Modi lay the foundation stone for a memorial at Bhide Wada, the historic site where Mahatma Jyotiba Phule and Savitribai Phule established India's first school for girls. This initiative reflects the government's commitment to honoring significant milestones in India's educational history.

Sarva Pitri Amavasya, holds profound religious and spiritual importance in Hinduism. It is considered one of the most sacred days to perform rituals for the peace and salvation of ancestors' souls. While every Amavasya (New Moon day) is dedicated to honoring one's forefathers, the Amavasya during Pitru Paksha holds a special significance. In 2024, Mahalaya Amavasya will be observed on October 2, marking the end of Pitru Paksha.

Modi on Thursday greeted his predecessor and Congress leader Manmohan Singh on his 92nd birthday. In a post on X (formerly Twitter), «Birthday greetings to former PM Dr. Manmohan Singh Ji. I pray that he is blessed with a long and healthy life.» Singh was India's Prime Minister between 2004 and 2014, and was the country's finance minister in the government headed by P V Narasimha Rao during 1991-96.

The NSE Nifty index traded 62.6 points up at 26066.75, while BSE Sensex was up 216.48 points at 85386.35 as of 10:29AM(IST)on September 26.

Hollywood celebrities like John Cena and Judi Dench on Wednesday, betting that its billions of users are eager to embrace artificial intelligence. «I think that voice has the potential to be one of, if not the most frequent ways, that we all interact with AI,» said Meta founder and CEO Mark Zuckerberg at the company's annual product presentation event. «It is just a lot better,» he said.

Donald Trump could land in a major fix now after Iranian hackers breached into secure servers and stole multiple documents that included some of the former President's most embarrassing secrets. This is like a complete onslaught by Iranian hackers on Donald Trump, that is going on for more than 10 days now, with more and more documents starting to get compromised each passing day. The Republican Presidential candidate is now furious at this sudden attack on him and has lashed out in anger.

Former US President Donald Trump’s advisers have already started all sorts of preparations to constitute the executive branch which will be pretty important if Donald Trump ends up winning the US Presidential Elections 2024. Searching for potential job candidates and compiling a dedicated team is going on in full swing, noted NBC News. Also Read :Payback time? Trump's embarrassing documents stolen by Iranian hackers; he cheered when Russia hacked Hillary Clinton's emails

Housing demand, based on online searches, reported a 12.3% sequential rise in the September quarter amid an 8.3% increase in residential prices, according to the latest PropIndex Report by Magicbricks. Drawing on preferences from more than 20 million customers on the Magicbricks platform, the report detailed that cities such as Noida with 16.9% sequential rise, Gurugram with 15.5%, and Greater Noida with 15.1% growth saw the highest increases in residential prices in the country during this period. The report also indicated that demand for 3BHK units continues to dominate, comprising half or more of total demand in most cities, except for Chennai, Navi Mumbai, and Thane, where 2BHK units remain the preferred choice.

Donald Trump and Kamala Harris debated on September 10, polls have indicated that although the vice president appears to have gained a little nationwide advantage over her Republican opponent, their race is still too close to call and well within the margin of error. This is particularly evident when considering the Electoral College. Take a look at the surveys conducted by NBC News and CBS News on Sunday. Despite the fact that their surveys were among Harris' strongest to date, she only leads by 4 and 5 points, respectively. Also Read :Happy National Daughters Day 2024: Date, wishes, Facebook, WhatsApp messages

National Daughters Day 2024 falls on September 25. Some countries also observe National Daughters Day on the fourth Sunday.

Putin says that a nuclear power supporting another country's attack on Russia will be considered a participant in aggression. Speaking during Wednesday's meeting of Russia's Security Council that considered changes in Russia's nuclear doctrine, Putin announced that a revised version of the document says that an attack against Russia by a non-nuclear power with support of a nuclear power will be seen as their "joint attack on the Russian Federation." Putin didn't specify whether Russia could respond to such an attack with nuclear weapons. The change in the doctrine follows Putin's warning to the U.S.