Alembic Pharmaceuticals share price gained on December 3 after the company received the US health regulator's nod for metolazone tablets used to reduce swelling and water retention caused by heart failure or kidney diseases. The company received Food & Drug Administration's final approval for metolazone tablets USP 2.5 mg, 5 mg, and 10 mg, it said in an exchange filing.

Shares of HDFC Bank drifted lower on Thursday after the RBI temporarily barred it from all launches under upcoming Digital 2.0 offering and issuing fresh credit cards in light of incidents of outages in the last two years. The order was issued on Wednesday after the banking regulator took note of recent outages in the bank’s internet banking and payment system on November 21, 2020.

Anil Ambani-backed Reliance Capital freezes on the upper circuit limit during Thursday's trading session as the company receives massive interest for acquisition. At around 12.30 pm, Reliance Capital traded at the upper price band of Rs9.49 per piece higher by 4.98% on Sensex. As many as 8 suitors, including the US-based Oaktree and J C Flower, have expressed their interest to acquire RCL.

The initial public offering of Burger King India, a quick service restaurant chain, was subscribed nearly five times till 12.20pm on Thursday, the second day of bidding. The ₹810 crore IPO has received bids of 364.19 million against 74.49 million shares issued, according to NSE website. The issue subscribed 4.89 times.

In yet another example of thwarting a query under the Right to Information (RTI) Act, the Union Bank of India (UBI) has refused to share information on wilful defaulters. Earlier, UBI, which had written off Rs26,027 crore as bad loans in past years have stalled an RTI query on recoveries and sharing names of big defaulters’ whose bad debt of Rs100 crore and above were written off.

Oil-to-telecom conglomerate Reliance Industries Ltd topped the Fortune 500 list of Indian companies, Fortune India announced on Wednesday. Indian Oil Corporation Ltd (IOC), the nation's biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, it said. The country's largest lender State Bank of India was in the fourth position.

Two Sahara group firms have moved the Supreme Court seeking initiation of contempt proceedings against SEBI alleging that the market regulator's demand of Rs 62,602 crore from them was not only contemptuous but a mischievous attempt to overreach the directions of the apex court.Eaelier SEBI had moved the apex court seeking direction to the firms to pay the amount.

Leading stock exchange BSE on Wednesday said it has completed another round of physical deliveries of gold under the India Good Delivery standard. The exchange executed delivery of gold and silver to the tune of Rs 1 crore in the 'options in goods' framework, marking the sixth consecutive month of delivery at its designated vault in Ahmedabad, Gujarat, BSE said in a statement.

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Lenders to Dewan Housing Finance Corp Ltd have moved the Mumbai bench of National Company Law Tribunal (NCLT) to initiate personal insolvency proceedings against the erstwhile promoters Kapil and Dheeraj Wadhwan, according to a person aware of the matter. DHFL owes ₹87,031 crore from financial creditors, including ₹39,000 crore from banks.

Merck & Co. said it sold its stake in Moderna Inc., the biotechnology company that’s in the midst of developing a Covid-19 vaccine. The shares of both companies rose. Merck sold its direct equity investment in Moderna during the first half of the fourth quarter, according to a statement from the U.S. drugmaker on Wednesday. No terms of the sale of the holdings were given.

Mumbai: Tata Sons Pvt Ltd, promoter of Tata Chemicals bought 1.81 million shares or 0.71% for ₹76 crore in an open market transaction on Wednesday. According to the bulk deal data on NSE, Tata Sons acquired 18,07,245 shares of Tata Chemicals for ₹420.92 apiece totalling to ₹76.07 crore. According to the latest shareholding pattern, Tata Sons held 29.39% in Tata Chemicals.

Apollo Hospitals on Wednesday said its board has approved the proposal to seek shareholders' nod for raising up to ₹1,500 cr by way of postal ballot. The board has also approved to constitute a Fund Raising Committee for this. The committee would be entrusted with powers on behalf of the board to implement and administer all aspects related to the capital raising exercise, it added.

State-run Punjab National Bank (PNB) has completed IT integration of all branches of erstwhile Oriental Bank of Commerce (OBC) with itself, the bank said in a release on December 2. All customers of erstwhile OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking, the bank said.

Reliance Jio on Wednesday said it has led a Series-A funding round in augmented reality mobile gaming company Krikey. The company did not disclose the financial details of the investment. With this round, the total funding in Krikey reached USD 22 million. The firm also launched a new augmented reality game in India 'Yaatra', in which Jio users will get exclusive access to 3D-avataar features.