The Sebi on Tuesday clarified that Sahara is yet to fully deposit the money ordered by the Supreme Court in August 2012 and that the group has so far given only around Rs 15,000 crore while the total amount due to be deposited is Rs 25,781 crore.

Quoting Sebi's FY21 annual report, a media report said the regulator had paid back only Rs 129 crore to bondholders and that it was maintaining an escrow account with over Rs 23,000 crore.

Sun Pharma on Tuesday said its subsidiary has received emergency use authorisation (EUA) from the Drugs Controller General of India (DCGI) to manufacture and market a generic version of MSD and Ridgeback's antiviral drug molnupiravir under the brand name Molxvir in India.

Earlier this year, the Mumbai-based drug major had signed a non-exclusive voluntary licensing agreement with MSD to manufacture and supply a generic version of molnupiravir in over 100 low and middle-income countries (LMICs) including India.

The Enforcement Directorate (ED) on Tuesday said it has seized shares worth Rs 293.91 crore of former Tamil Nadu Mercantile Bank Limited Chairman Nesamanimaran Muthu in connection with a probe against him linked to alleged contravention of the FEMA law.

The seized assets are in the form of shareholdings of Muthu alias MGM Maran in four Indian companies: Southern Agrifurane Industries Private Limited, Anand Transport Private Limited, MGM Entertainment Private Limited and MGM Diamond Beach Resorts Private Limited.

Cigarettes-to-hotel conglomerate ITC Ltd has commissioned its first offsite solar plant at Dindigul in Tamil Nadu. Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.

The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million units of renewable energy annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in Tamil Nadu.

Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs).

Addressing the 54th convocation ceremony of IIT Kanpur, the Prime Minister said, "In this 75th year of independence, we have over 75 unicorns, over 50,000 start-ups. Of these, 10,000 have come only in the last 6 months.

Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece.

The company's board has approved buyback of up to 11,20,000 fully paid-up shares of face value of Rs 2 each at a price of Rs 2,550 per share payable in cash, Ajanta Pharma said in a regulatory filing.

Tata Consultancy Services (TCS) and Bharti Airtel Limited (Airtel) on Tuesday announced the successful testing of TCS’ neural manufacturing solutions suite on Airtel’s ultra-fast 5G network.

Following the allocation of 5G trial spectrum by the Department of Telecommunications, TCS and Airtel partnered to test use cases from TCS’ neural manufacturing suite of solutions.

Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to sources.

Both the companies are currently running the trials in Airtel's 5G lab at Manesar, Haryana.

BOC Aviation Limited has delivered the last of eight Airbus A320NEO aircraft to InterGlobe Aviation Ltd (IndiGo) under a purchase-and-leaseback agreement signed earlier this year.

The aircraft is powered by CFM Leap engines, according to a statement.

The price of 10 gram of gold decreased by Rs 70 on Tuesday, with 24-carat gold trading at Rs 48,240 and 22-carat at Rs 47,240.

The price of 1 kg of silver remained unchanged on Tuesday with the precious metal selling at Rs 62,300.

In Delhi, the price of 24-carat gold stands at Rs 51,900, while in Mumbai it is at Rs 48,240, according to the Goodreturns website.

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