Business News

Reva Diamonds raises Rs 171 crore from 16 anchor investors, Rs 380-crore IPO to open for public on February 24

PNGS Reva Diamond Jewellery IPO | The company has finalised allocation of 44.19 lakh equity shares to anchor investors at the upper price band.

Manilam Industries India IPO fully subscribed on day 2, offer closes on February 24

Manilam Industries IPO | The Uttar Pradesh-based company is raising nearly Rs 40 crore via initial public offering of 57.9 lakh shares at the upper end of price band of Rs 65-69 per share.

Accord Transformer, Mobilise App Lab IPOs see healthy subscription on day 1 but Kiaasa Retail offer undersubscribed

Accord Transformer, Mobilise App Lab, and Kiaasa Retail IPOs will remain open for subscription till February 25.

Biocon ramps up biosimilar push, eyes global semaglutide rollout as capex eases

As Shreehas Tambe readies to take charge of the unified Biocon Group following the integration of Biocon Biologics, the company is entering what he calls a “capacity‑rich, demand‑heavy” phase—one where margins improve as capital and R&D intensity taper off.

Torrent Group enters diagnostics segment with India’s largest reference lab in Navi Mumbai

The 100,000‑sq‑ft lab spans 15 diagnostic disciplines and more than 3,500 test modalities, handling everything from molecular diagnostics and genomics to digital pathology, microbiology and transplant‑related testing.

Moneycontrol Pro Panorama | Tariff defanged

In this edition of Moneycontrol Pro Panorama: US tariff ruling heightens global trade uncertainty, flash PMIs signal caution for investors, China-Pakistan ties exaggerated yet caution warranted, tariffs don't disappear they evolve, and more