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New Delhi: Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in JB Chemicals and Pharmaceuticals in a Rs19,500-crore deal.After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in JB Chemicals and Pharmaceuticals in a Rs19,500-crore deal. "The proposed combination relates to acquisition of shareholding by the acquirer (Torrent Pharmaceuticals Ltd) in the target (JB Chemicals & Pharmaceuticals Ltd) and the subsequent amalgamation of the target with the acquirer," according to a notice filed with the Competition Commission of India (CCI). Torrent Pharmaceuticals is the flagship company of the Torrent group and is engaged in the business of manufacturing and sale of pharmaceutical formulations (FDFs) across therapeutic segments.
Hyderabad: A devastating explosion at a chemical manufacturing unit in Pashamylaram industrial area in Sangareddy district, claimed 15 lives and left 34 workers injured. The tragic incident occurred on Monday at Sigachi Industries Pvt Ltd which manufactures microcrystalline cellulose (MCC) powder used in pharmaceutical, food and other industries. Eyewitnesses said there was a loud explosion, shaking nearby areas and sending thick black smoke into the sky. The factory was soon engulfed in flames, triggering panic among employees and nearby residents. The incident occurred around 9 am on Monday ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. JP Nadda held discussions on Sunday with the Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Al Kh ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will lead a high-level investors' roadshow in Hyderabad on December 19 as part of the state government's push to attract fresh investments and position Odisha as a preferred industrial destination. The roadshow, to be held over two days, will focus on promoting investment opportunities in key sectors including automotive components, IT and electronics system design and manufacturing (ESDM), chemicals, green energy, pharmaceuticals and medical devices. Industries Minister Sampad Chandra Swain and senior state officials will accompany the Ch ...Read More >
New Delhi [India], August 14 (ANI): India's overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry.The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion.On the other hand, imports of the country grew at a faster pace, reaching USD 79.99 billion compared with USD 75.41 billion ...Read More >
CHENNAI: The Tamil Nadu government has cancelled the manufacturing licences of Sresan Pharmaceuticals, the Kancheepuram-based firm that produced the toxic batch of Coldrif cough syrups linked to the deaths of 14 children in Madhya Pradesh. Of the children who died, 11 were from Parasia sub-division, two from Chhindwara city and one from Chaurai tehsil. On Sunday, the Parasia police arrested a government doctor for alleged negligence and registered a case against Sresan Pharmaceuticals, officials said. State Minister for Health and Family Welfare Ma Subramanian said the State Drug Control dep ...Read More >
RIYADH: Indian companies and business groups are stepping up efforts to tap into Saudi Arabia's growing petrochemical sector, with a focus on refining complexes, technology partnerships, and joint ventures, according to an official at the Indian Embassy in Riyadh. The move underscores the expanding economic cooperation between the two nations, with chemicals and petrochemicals forming a key pillar of bilateral trade. The partnership was further reinforced during a recent high-level meeting aimed at boosting investment and technological exchange, Al-Eqtisadiah reported. Saudi Arabia's emergen ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500 crore deal to become India's second most-valued pharma company. Torrent will acquire 46.39 per cent stake from the promoters for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (about Rs 719 crore). Post this, it would make an open offer for buying 26 per cent from open market, as per listing norms, at a price of Rs 1,639.18 per ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
New Delhi [India], August 14 (ANI): India overall trade deficit (merchandise and services combined) widened to USD 11.72 billion in July 2025, up from USD 10.10 billion in the same month last year, driven by a sharper rise in imports than exports, according to the data released by the Commerce & Industry Ministry. The data shows that the overall exports stood at USD 68.25 billion in July 2025, marking a growth from the same month of the previous year at USD 65.31 billion. On the other hand, imports of the country grew at a faster pace, reaching USD 79.99 billion compared with USD 75.41 billi ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the Rs 19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of ...Read More >
New Delhi, July 14 (SocialNews.XYZ) Highlighting strong economic ties between India and Saudi Arabia, the visit by Union Health and Chemicals and Fertilisers Minister, JP Nadda, to Dammam and Riyadh focused on enhancing bilateral cooperation in the chemicals and fertilisers sector, according to an official statement. Nadda led a high-level delegation for the two-day official visit over the weekend. The minister held discussions with the Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al Khorayef, in Riyadh on mechanisms to strengthen partnership in fertilisers, petrochemi ...Read More >
A-1 Limited informs the stock exchanges that it has entered a new long-term supply agreement for concentrated nitric acid. The tri-partite deal involves Gujarat Narmada Valley Fertilizers & Chemicals Limited, Solar Industries India Limited with its group companies, and A-1 Limited. The committed quantity is 10,000 metric tonnes. Supplies are scheduled between November 2025 and March 2026. Under this supply structure, Gujarat Narmada Valley Fertilizers & Chemicals Limited will produce and sell co ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500 crore deal to become India's second most-valued pharma company. Torrent will acquire 46.39 per cent stake from the promoters for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (about Rs 719 crore). Also Read | Indian Railways to Now Prepare Reservation Charts 8 Hours Before Train Departure Instead of Current Practice of 4 Hours ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (totaling Rs 719 crore). Post this, it would make an open offer for buying 26 per ...Read More >
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Bengaluru Crime: A woman's body, believed to be between 30 and 35 years old, was found stuffed inside a sack and dumped in a garbage truck in Bengaluru early Thursday. The identity of the woman is yet to be confirmed. Police said the sack was discovered by BBMP sanitation workers who immediately alerted the authorities. The body was found with her hands and neck tied, raising strong suspicion of murder. Officials stated that the body had been placed inside a gunny bag before being thrown into the garbage vehicle. Joint Commissioner of Police, C Vamsi Krishna, confirmed that the body has been ...Read More >
After the death of at least 20 children in Madhya Pradesh due to the consumption of contaminated cough syrup, the Central Drugs Standard Control Organisation (CDSCO) on Wednesday issued a strict advisory for drug controllers of all states and Union Territories and instructed them to ensure every batch of raw material and finished formulation is properly tested before use or sale. The advisory, dated October 7, 2025, was sent by Dr Rajeev Singh Raghuvanshi, Drug Controller General of India (DCGI) ...Read More >
NEW DELHI: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India's fifth-largest pharmaceutical company, capturing a 4.6% share of the Rs 2.3 lakh crore organised retail market.The acquisition boosts Torrent Pharma's rank from 7th to 5th place, increasing its market share from 3.6% to 4.6%, according to data gathered by TOI from market intelligence firm Pharmarack.Sun Pharma leads the highly fragmented pharma market with sales of over Rs 19,000 crore and an 8.3% share (Moving Annual Total or 12-month period ended May '25). The Ahmedabad-ba ...Read More >
New Delhi, Aug 1 (PTI) Trades worth nearly Rs 3.21 lakh crore have been conducted through the electronic National Agriculture Market (e-NAM) platform during the last five financial years, the government said on Friday. In a written reply to the Rajya Sabha, Minister of State for Agriculture Ramnath Thakur said, "From 1st April, 2020 to 31st March, 2025, trade worth Rs 3,20,766 crore has been conducted through electronic National Agriculture Market (e-NAM)". The minister was replying to a question by Congress member Randeep Singh Surjewala. "The inter-state trade volume on the e-NAM platform ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, and farmer empowerment. Heritage also unveiled its "Vision 2030" strategy to become India's most admir ...Read More >
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due to India's purchases of Russian oil, was added to Trump's prior 25% tariff on many imports from the South Asian nation. It takes total duties as high as 50% for goods as vari ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. Also Read | Bihar Assembly Elections 2025: Prashant Kishor Slams Nitish Kumar Govt Over Election Commission Claims of Foreign National ...Read More >
New Delhi [India], July 14 (ANI): The Union Minister for Health and Family Welfare and Chemicals and Fertilizers, JP Nadda, visited Dammam and Riyadh from July 11-13. His visit to the Kingdom of Saudi Arabia was focused on enhancing bilateral cooperation with India in the field of Chemicals and fertilisers. He led a high-level delegation that included the Secretary and other senior officials from the Department of Fertilisers and Ministry of External Affairs. JP Nadda held discussions on Sunday with the Saudi Minister of Industry and Mineral Resources, His Excellency Bandar bin Ibrahim Al Kh ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been locked inside the car for several hours. The extreme heat and humidity had made his condition critic ...Read More >
Bhubaneswar: Odisha marked a major milestone in its industrial expansion with the signing of 45 Memoranda of Understanding (MoUs) worth ₹6,263 crore at the Odisha Pharma Summit 2025 in Bhubaneswar on Tuesday. The investment proposals are expected to generate 38,406 employment opportunities across the state, giving a significant boost to the pharmaceutical and medical devices sectors. The MoUs were signed in the presence of Chief Minister Mohan Charan Majhi at a programme held at Hotel Taj Vivanta. Of the total agreements, 32 MoUs were signed in the pharmaceuticals sector, 12 in medical equipm ...Read More >
New Delhi | Mumbai: India and China may commence discussions shortly on a trade package covering supplies of critical rare earth magnets, fertilisers and pharmaceuticals, said people with knowledge of the matter. This would signal a thaw in relations with the neighbour amid heightening tensions with the US and the clamour from Indian industry to expedite imports of essential inputs from China. Consultations between representatives of the two countries are likely to take place later this month, around the time of Prime Minister Narendra Modi's visit for the Shanghai Cooperation Organisation (S ...Read More >
New Delhi: Delhi govt has decided to set up a single-window system at the district level to handle all permissions and no-objection certificates required for holding Ramlila performances across the city. It has also decided to constitute a special committee to resolve any issue regarding the organisation of the events and ensure that the committees do not face any problem in seeking approvals.The decisions were made at a special meeting held at Raj Niwas under the chairmanship of lieutenant governor Vinay Kumar Saxena. Chief minister Rekha Gupta, office bearers of Delhi Ramlila Federation and ...Read More >
A CRISIL Intelligence report indicates that increased US tariffs will significantly impact India's MSME sector, responsible for 45% of exports. Textiles, gems, jewellery, and chemicals are expected to be the hardest hit, with MSMEs holding substantial shares in these sectors. Surat's diamond exports will face challenges, while the steel sector is likely to experience minimal impact. The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise sector ...Read More >
New Delhi [India], September 26 (ANI): European countries are expected to face the most immediate and severe impact from the new U.S. tariffs on imported branded or patented pharmaceutical products, while India may remain less affected for now, according to a press release by the Global Trade Research Initiative (GTRI). On Friday, U.S. President Donald Trump announced that from October 1, a 100 per cent tariff would be imposed on all imported branded or patented pharmaceutical products, unless the manufacturer is already building a drug-making facility in the U.S. The decision is part of the ...Read More >
Bhubaneswar: ASI on Monday completed the ambitious repair and restoration of Jagannath temple's Ratna Bhandar (treasury), paving the way for a much-awaited inventory of the valuables, carried out last in 1978."The extensive repair work, which began on December 17, 2024, required about 333 hours (332 hours and 47 minutes precisely) of labour, spanning 95 days. Our next step is to shift the valuables from the temporary strongrooms to the renovated Ratna Bhandar. Subsequently, inventory of the valuables will be conducted by experts, who will be selected by the govt," said Arabinda Kumar Padhee, c ...Read More >