Hospital stocks came under pressure after the Supreme Court raised concerns over steep mark-ups on medicines sold through corporate hospitals.
Coca-Cola Co. plans to submit a draft prospectus by December for the anticipated IPO of Hindustan Coca-Cola Beverages Pvt. This offering, projected to garner about $1 billion, is expected to attract existing investors. With a valuation close to $10 billion, the deal highlights India's thriving investment landscape. The company has teamed up with various banks to streamline the process, riding the wave of recent IPO successes in the region.
El Nino conditions have strengthened further, raising concerns over India's monsoon rainfall, even as a positive Indian Ocean Dipole (IOD) may partly offset its impact, according to an ICICI Bank report.
Mamta Ben, a spirited woman from Surat, India, made a bold move to Canada nearly forty years ago. Now, she proudly maneuvers vans and large trucks on the bustling Canadian highways. Her remarkable journey caught the attention of Anupam Kher during an encounter, leading him to share her motivational tale. With a warm 'Jai Hind,' she reaffirms her bond with India and dedicates three months annually to her homeland.
Opposition leaders from the INDIA bloc will march to the Election Commission on October 6 to raise concerns. They aim to discuss the revision of electoral rolls amid accusations of government misrepresentation. Congress president Mallikarjun Kharge emphasized the need for transparency in the electoral process during their meeting. All participants agreed on the importance of maintaining voter integrity and transparency.
The Supreme Court has said that it would permit the controlled use of firecrackers for Diwali celebrations this year. The court proposed specific time limits to prevent environmental damage and protect vulnerable groups. It also considered suggestions about allowing joint firecrackers with restrictions.
MRPL shares fell over 5% after an explosion was reported at its Mangaluru refinery, with thick smoke seen emerging from the facility. Fire brigades and ambulances rushed to the site, while the cause remained unknown.
Sharad Purnima 2026 will be observed onOctober 25, Sunday. Check the Purnima tithi timings, Nishita Kaal, shubh muhurat, religious significance, Lakshmi Puja rituals and the tradition of preparing kheer on this full moon night.
While the Nifty 50 fell nearly 5% in three months, several small-cap stocks bucked the trend. Fourteen Nifty Smallcap 500 stocks rallied 50-105%, led by Raymond and Welspun Corp.
South Korea’s central bank sold a net $9.612 billion in foreign currency during the second quarter to support the weakening won, marking its seventh consecutive quarter of intervention. The won fell 2.1% against the dollar during the period, pressured by a stronger U.S. currency and global market volatility, raising inflation concerns.
On Wednesday, a significant explosion occurred at the Mangalore Refinery and Petrochemicals Ltd in Jokatte. Residents from nearby areas reported tremors and shaking of their houses after the incident. A loud noise and large plume of black smoke were visible from distant locations as well. Fire tenders from multiple locations have responded to control the fire at the refinery site.
