Biocon Ltd has successfully raised ₹4,500 crore through a Qualified Institutional Placement (QIP), a strategic move aimed at retiring structured debt and accelerating new product launches, according to CEO and MD Siddharth Mittal. Financial Restructuring to Boost Margins The QIP proceeds will be used to repay approximately $550 million in structured obligations, stemming from Biocon’s…
In a major turnaround, Vedanta Resources Ltd has reported a robust profit of $1,617 million for the fiscal year ending March 2025, reversing a $400 million loss from the previous year. The London-based natural resources conglomerate attributed the strong performance to favorable commodity prices, higher premiums, and operational efficiencies. Revenue Growth and Strategic Vision The…
In a remarkable underdog story, India’s Team MGD1 clinched the 2025 FIDE World Rapid Team Chess Championship in London, with the spotlight firmly on Atharvaa P Tayade, a 24-year-old MBA student from IIM-Calcutta and a self-described “recreational” chess player. Tayade’s stunning performance—11 wins in 12 rounds—played a pivotal role in India’s historic triumph, making him…
Renowned interventional cardiologist Dr. Sanjay Bhojraj, with over two decades of experience treating heart disease, has gone viral for sharing a list of 10 common foods he refuses to buy or eat—despite their popularity in health-conscious households. His insights, based on years of clinical experience and patient outcomes, are sparking widespread conversation about hidden dietary…
Renowned cardiothoracic surgeon and public health advocate Dr Sriraam Nene has shared a set of practical, science-backed strategies to help people manage and prevent knee pain—an increasingly common issue among both older adults and younger individuals with sedentary lifestyles. In a recent social media post, Dr Nene emphasized the importance of proactive joint care, stating,…
India’s men’s hockey team is undergoing a critical phase of introspection and recalibration after a disappointing finish in the 2025 FIH Pro League. Despite flashes of brilliance from forwards and penalty corner specialists, the team’s inability to hold leads in the dying minutes has exposed a glaring weakness: defensive lapses under pressure. A Campaign of…
In a dramatic conclusion to Group B at the FIFA Club World Cup 2025, Brazilian side Botafogo secured a place in the Round of 16 despite a narrow 1-0 defeat to Atletico Madrid at the Rose Bowl in Pasadena, California. The result saw Atletico Madrid eliminated from the tournament due to an inferior goal difference,…
In a landmark move for India’s sustainable finance landscape, engineering and infrastructure giant Larsen & Toubro (L&T) has successfully listed the country’s first ESG (Environmental, Social, and Governance) bonds on the National Stock Exchange (NSE), raising ₹500 crore through non-convertible debentures (NCDs). A Milestone in Green Financing The bonds were issued under the Securities and…
Former India cricketer and commentator Sanjay Manjrekar has strongly criticized the growing narrative of uncertainty surrounding Indian Test cricket in the post-Virat Kohli era. His remarks came after KL Rahul and Rishabh Pant delivered commanding centuries in the second innings of the Headingley Test against England, helping India set a formidable 371-run target. Rahul-Pant Partnership…
Karnataka Chief Minister Siddaramaiah is set to request a special central grant of ₹50,000 crore for the comprehensive development of Bengaluru, citing the city’s overburdened infrastructure and the growing pressure from a large migrant population. The proposal will be formally submitted during his meeting with Union Finance Minister Nirmala Sitharaman in New Delhi. Why the…
