Sun Pharmaceutical Industries has entered an agreement with Taro Pharmaceutical to acquire the balance 21.52 per cent stake in the Israel-based company for a cash consideration of $43 per share amounting to $347.73 million (Rs 2,982 crore).

Sun already owns a controlling stake of 78.48 per cent in the company. The new transaction is expected to complete by 2024-25.

DMI Group, a pan-India financial services platform, on Wednesday night, said it has acquired the beleaguered ‘buy now pay later’ (BNPL) ZestMoney (Zest) platform. DMI, which has raised over $1.5 billion of equity investment and is supported by global institutional investors and international banks, didn’t reveal the value of the transaction.

This development comes more than a month after Bengaluru-based ZestMoney, shut down amid an unsuccessful attempt to revive its business under new management and regulatory uncertainty.

Asian Paints saw its net profit rise 35 per cent in the December quarter. The country’s largest paint maker saw its profits rise to Rs 1,448 crore and its decorative paints business volumes stood at 12 per cent.

During the quarter, the company’s net sales stood at Rs 9,103 crore and was up at 5.4 per cent due to a moderation in demand in the later half of the quarter, the company said.

The price of 24-carat gold fell Rs 380 in early trade on Thursday, with ten grams of the precious metal selling at Rs 62,950, according to the GoodReturns website. The price of silver declined Rs 600, with one kilogram of the precious metal selling at Rs 75,900.

The price of 22-carat gold slipped Rs 350, with the yellow metal selling at Rs 57,700.

A Maine judge on Wednesday paused an election official's decision on former President Donald Trump's ballot status to allow time for the US Supreme Court to rule on a similar case in Colorado.

Trump's lawyers appealed in state court when Secretary of State Shenna Bellows removed the Republican front-runner from the presidential primary ballot but then asked the judge to pause proceedings to allow the US Supreme Court to rule on the Colorado case, which could render the lawsuit moot.

In a setback to Zee, the Supreme Court on Tuesday upheld a Delhi High Court order by referring a dispute between Essel Group entity Siti Network and Aditya Birla Finance to arbitration.

The 150-crore loan dispute involves Essel Group of Companies, Zee Entertainment Enterprises, Siti Networks Ltd, and Aditya Birla Finance. The court said all parties involved should raise their arguments before a sole arbitrator appointed by the Delhi High Court.

The Adani Group, one of the world’s largest infrastructure conglomerates, and the Telangana government on Wednesday signed four agreements committing investments worth more than Rs 12,400 crore in the state.

The memoranda of understanding were signed at the World Economic Forum in Davos in the presence of Telangana Chief Minister Revanth Reddy and Gautam Adani, chairman of the Adani Group.

Google announced a strategic move to optimise its global ad team by eliminating "a few hundred" positions, primarily from its "large customer" sales team, according to media reports. The layoffs signify the company's move towards leveraging artificial intelligence to enhance efficiency and creativity while providing better support for small and medium-sized businesses advertising on Google's platform.

According to one report by India Today, around 1,000 employees have reportedly received pink slips in this fresh round of layoffs.

The Securities and Exchange Board of India (Sebi) has levied a fine of Rs 10 lakh on Abhijit Pawar for contravening insider trading regulations in the context of Magma Fincorp, now known as Poonawalla Fincorp Ltd. Pawar, who is the nephew of Nationalist Congress Party (NCP) Chief Sharad Pawar, has been directed to settle the penalty within 45 days.

Sebi received an alert about potential insider trading involving certain entities in Magma's stock in February 2021.

BSNL will officially launch 4G services in the next three to four months or after reaching 20,000 base transceiver stations (BTS), BSNL CMD Pravin Kumar Purwar said on Tuesday. A BTS is a fixed radio transceiver in any mobile network, most often in the form of a tower.

Speaking at the sidelines of an industry conclave here, Purwar said the state-run telco has already installed 3,000 BTS across five circles in North India - Punjab, Haryana, Himachal Pradesh, Uttarakhand, and Uttar Pradesh West.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.