Sekhmet Pharmaventures has joined the race to acquire BSE-listed Glenmark Life Sciences (GLS) as promoter Glenn Saldanha is looking to reduce the company's debt load, The Economic Times (ET) reported on Monday. Ahmedabad-based Nirma Group is already in the fray. Glenmark Pharmaceuticals Ltd owns an 82.8 per cent stake in GLS.

Backed by private equity firms PAG, CX Partners, and Samara Capital, Sekhmet is a firm which specialises in active pharma ingredients (API). ChrysCapital, another India-focused private equity firm is also eyeing the chance to team up with limited partners GIC of Singapore and Canada’s CDPQ, the report said.

JSW Cement, a part of the $22 billion JSW Group, on Monday announced the signing of a Sustainability Linked Loan (SLL) agreement to raise Rs 400 crore ($50 million) from BNP Paribas Singapore. This is JSW Cement's second green debt capital raised within one year taking its SLL-based green funding to Rs 800 crore ($100 million).

In October last year, the company had signed another SLL agreement of Rs 400 crore with Japan's Mitsubishi UFJ Financial Group (MUFG).

Commercial real estate company Colliers today announced the appointment of Ramaiy Kapoor as the managing director for Data Center for its India business. This comes at a time when the company has been increasing its focus on the data centre business in the country.

Kapoor has joined Collies from CapitaLand, where he was heading the investment and commercials division for their India Data Center business.

Shares of PTC Industries (PTC) were locked in the upper circuit of 20 per cent, hitting a 52-week high of Rs 3,672.80 on the BSE on Monday at 09:53 am, on healthy outlook. In the past three weeks, the stock has zoomed 56 per cent after the company reported stellar financial results for the quarter ended March 2023 (Q4FY23).

PTC is one of the world's leading suppliers of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial.

Bank of Baroda (BoB) has so far either deposited or exchanged Rs 10,000 crore worth of Rs 2,000 notes, an official told Business standard.

The senior official said that his bank had received around Rs 9,000 crore worth of Rs 2,000 currency notes as deposits, while notes worth Rs 1,000 crore were exchanged through the branch network.

Air India and IndiGo have added flights to Leh and Srinagar to fill up the capacity gap caused by grounding of Go First.

While Air India has increased its frequency with additional flights from Delhi to Leh, Srinagar and Pune till June 30, IndiGo is operating extra flights from Mumbai to Leh, Srinagar and Dehradun in June and July.

Shares of Hindustan Aeronautics (HAL) rose 3 per cent to hit a new high of Rs 3,630 on the BSE in Friday’s intra-day trade after the company said it will consider a stock split. The board of directors of the state-owned defence company will meet on June 27 to mull the proposal of stock split of equity shares of face value of Rs 10 each.

“The meeting of the board of directors of the company is scheduled on Tuesday, the June 27, 2023, to consider, inter-alia, a proposal of sub-division of equity shares of the Company,” HAL said in an exchange filing.

Cyclone Biparjoy is set to intensify in the next 36 hours and will be heading north-northwestwards in the next two days, the India Meteorological Department (IMD) said in a tweet on Friday.

The very severe cyclonic storm was located over the east-central Arabian Sea located 840-kilometer west-southwest of Goa and 870 km west-southwest of Mumbai at 11:30 pm on June 8, the IMD said.

The Reserve Bank of India (RBI) is targeting one million users of the central bank-backed digital currency (CBDC) by June-end, deputy governor T Rabi Shankar said on Thursday in a press conference after the monetary policy announcement.

Sankar said the RBI does not have a date in mind on when to go live with CBDC beyond the present pilot project and pointed to the "gradual and calibrated" change which focuses on internalising learnings as the usage grows.

Gangster Sanjeev Jeeva's alleged killer Vijay went to Nepal days before the audacious court murder. He reportedly told the police that he had been in touch with a mafia. The man had shown him the photograph of Jeeva and promised to pay Rs 20 lakh for his murder. He gave him Rs 5000 and a revolver to shoot him dead.

Shooter Vijay had met slain gangster Atiq Ahmed's friend Ashraf in Nepal. According to Amar Ujala, Ashraf told Vijay to murder Jeeva for Rs 20 lakh.

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.