EverBrands India Ltd, which operates Subway restaurants, has filed draft papers with markets regulator Sebi to raise ₹600 crore through an initial public offering.

The IPO is entirely a fresh issue of equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday.

Apraava Energy has acquired Raigad Power Transmission Ltd, a special purpose vehicle (SPV) set up to develop an intrastate transmission project across Pune and Raigad districts in Maharashtra.

The project involves the setting up of 400 circuit kilometres of transmission lines and a pooling station.

An Indian court on Tuesday quashed the food regulator's order to stop Austrian beverage firm Red Bull using the label "energy ​drink" on its cans, saying the decision had been taken ​without allowing the company to explain its position.

The decision will come as a ‌major relief for Red Bull, but also Pepsi, Monster Beverage and billionaire Mukesh Ambani's Reliance, which in private had all criticised India's move.

Tata Trusts on Monday proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) into Tata Sons to avoid the holding company's public listing. The objective is to change the holding company’s business mix so that, according to the Trusts, it would no longer qualify as a non-banking financial company (NBDC) or a core investment company (CIC). The proposal still needs Tata Sons board approval and the Reserve Bank of India's (RBI’s) no-objection.

President Donald Trump announced Essar-backed Mesabi Metallics' $18 billion investment to build a fully integrated American steel company, including what he called the "largest steel plant in American history" in Iowa.

The investment includes a proposed $15 billion steel complex in Iowa and about $3 billion invested in an iron ore mine and pelletizing facility in Minnesota.

The US’s 100 per cent tariff on specified patented pharmaceutical products and their associated ingredients takes effect for more companies on Tuesday, but qualifying speciality medicines from India will be eligible for zero duty.

The US Department of Commerce’s Bureau of Industry and Security (BIS), in a September 23 notice published in the Federal Register, listed India among 20 jurisdictions eligible for zero-tariff treatment.

Sun Pharmaceutical Industries has signed a global licensing deal with US-based LIB Therapeutics for Lerodalcibep, a once-monthly drug used to lower “bad” cholesterol, giving it exclusive rights to commercialise and manufacture the medicine outside the US and China, the company said in an exchange filing on Monday.

The deal gives Sun Pharma access to a $3.7 billion market for PCSK9 inhibitors, a class of cholesterol-lowering medicines.

The Supreme Court on Monday took suo motu cognisance of the gangrape of a minor in a moving bus in Delhi-NCR, observing that such cases underline a systematic failure on the part of law enforcement authorities.

A bench of Justices JB Pardiwala and K Vinod Chandran said one cannot help but draw painful parallels to the Nirbhaya incident of 2012.

Opposition INDIA bloc parties are likely to meet in New Delhi on September 30 to discuss concerns over the Election Commission and the Special Intensive Revision (SIR) of electoral rolls, besides other issues, sources said.

The proposed meeting comes amid increased coordination among opposition parties over the Election Commission following reports of differences within the poll panel over aspects of the SIR exercise.

Indian batting superstar Virat Kohli has said that next year's ODI World Cup is going to be his last for the country and he is going to "leave everything out there" to win the trophy.

The 37-year-old, who now plays only one format, spoke to 'JioStar' ahead of the ODI series against the West Indies starting here on Sunday. The World Cup will be hosted jointly by South Africa, Zimbabwe and Namibia.

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