Japanese drugmaker Eisai has launched Leqembi (lecanemab) in India following approval from the Central Drugs Standard Control Organisation (CDSCO), becoming one of the first companies to introduce a disease-modifying therapy for patients with early Alzheimer’s disease in the country.

The therapy is indicated for patients with mild cognitive impairment (MCI) and mild dementia due to Alzheimer’s disease.

Shares of state-owned Life Insurance Corporation of India (LIC) fell sharply on Tuesday after the government launched an offer for sale (OFS) to reduce its stake in the insurer, with the floor price set at a discount to the previous closing price.

The floor price was set at ₹382, a 10.8 per cent discount to Monday’s closing price of ₹428.50 on the National Stock Exchange (NSE).

The toll in Assam's flood rose to 87 with two more fatalities, and nearly 130,000 people were still affected by the deluge even though water was receding from most of the inundated areas across the state, officials said on Tuesday.

However, the India Meteorological Department (IMD) has predicted extremely heavy rain with thunderstorms in Arunachal Pradesh and Meghalaya for the next few days, which could affect several Assam districts bordering the two states.

Larsen & Toubro's (L&T's) offshore hydrocarbon business has secured an order worth more than ₹15,000 crore from ADNOC Offshore for a major project in the West Asia, the company said on Tuesday.

L&T Energy Hydrocarbon Offshore (LTEH Offshore) will execute the project through a consortium arrangement and serve as its lead partner. The project involves developing multiple offshore facilities.

A group of 25 Democratic-ruled states has moved a US court against President Donald Trump's decision to impose tariffs on 60 economies accounting for 99.4 per cent of American imports.

Last month, the US imposed a fresh round of tariffs ranging between 10 per cent and 12.5 per cent on these 60 countries, citing failure on the issue of forced labour, to replace the 10 per cent global levies that expired on July 24.

Bangladesh has sought clarification from India over its position on deposed prime minister Sheikh Hasina's planned press conference in New Delhi on Wednesday, coinciding with the second anniversary of her government's ouster, a minister here said on Monday.

Addressing a media briefing, State Minister for Foreign Affairs Shama Obaed Islam also said that Hasina's public political activities from Indian territory could have a negative impact on bilateral relations between the two countries.

Infrastructure company Technocraft Ventures Ltd on Monday said it will launch its initial public offering (IPO) on August 7 to raise ₹252-crore through a combination of a fresh issue and an offer for sale.

In a statement, the Noida-based company said it has fixed a price band of ₹200-212 per share for its maiden public offering, which will conclude on August 11. Bidding for anchor investors will open for a day on August 6.

The Supreme Court on Monday clarified that the expression "criminal antecedents" in its order on releasing student protesters referred only to those involved in grave and heinous offences, and said states could close or withdraw FIRs against the remaining students in accordance with law.

"Free is the most expensive word in public policy," Chief Economic Advisor (CEA) V Anantha Nageswaran said on Monday, warning that building infrastructure on the promise of below-cost services is a contradiction that ultimately ruins economic balance sheets.

Counting of votes is underway in Bihar's Bankipur constituency, where Jan Suraaj's Prashant Kishor is leading by almost 15,000 votes.

The Bankipur Assembly constituency went to the bypolls on July 30 after sitting MLA Nitin Nabin of the Bharatiya Janata Party (BJP) vacated the seat following his election to the Rajya Sabha.

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