Author: Bureau
GIC agrees to form a working group to advance insurance coverage for long-term senior healthcare India’s ageing population is driving growing demand for prolonged rehabilitation, nursing, palliative care, dementia supervision, assisted living and residential care, creating sustained financial requirements for families. The need for a structured financing framework for such care was discussed at the General Insurance Council (GIC) Council Meeting in Mumbai on September 4, 2026. Senior care and insurance experts have called for Long-Term Care (LTC) to be recognised as a distinct, insurable risk, separate from acute hospitalisation. GIC has agreed to form a working group to advance…
Rupeezy, a technology-driven and profitable investment platform, today announced the launch of its Purpose-First Goal-Based Mutual Fund Investing experience, designed to help investors begin their investment journey with financial goals rather than mutual fund categories. Rupeezy’s analysis of over 6,000 investors who researched mutual funds on its platform found that nearly four in five investors who compared three or more funds did not invest, while one in three continued researching for more than a month without making a decision. The new experience addresses this choice overload by starting with an investor’s financial goal. Powered by Rupeezy’s Life Stage Personalisation Engine,…
Molbio Diagnostics Limited (NSE: MOLBIO; BSE: 544866), an innovative point-of-care diagnostics company, announced its financial results for the quarter ended June 30, 2026, following its listing on August 17, 2026. Total Income for Q1 FY27 stood at ₹411.48 crore, compared with ₹100.47 crore in Q1 FY26, driven by continued Truenat test-kit consumption. EBITDA stood at ₹103.68 crore, compared with a loss of ₹14.50 crore in Q1 FY26, with EBITDA margin at 25.20%. PAT stood at ₹52.74 crore against a loss of ₹23.94 crore in Q1 FY26, with PAT margin at 12.82%. Truenat test-kit sales increased to 6.24 million units during…
Investment strengthens presence in high-value pharmaceutical segments while retaining its asset-light operating model HRV Pharma, a global asset-light pharmaceutical platform, today announced strategic investments of approximately ₹150 crore to expand its capabilities in synthetic peptides and high-potency oncology APIs. As part of the expansion, HRV Pharma is investing ₹40–50 crore in a Dedicated Custom Peptide Capacity programme through a strategic capacity underwriting arrangement. The initiative will establish dedicated cGMP peptide manufacturing capacity focused on commercial-stage and new-to-generic synthetic peptides across multiple therapeutic areas. The capacities are expected to be ready within 6–8 months and address a total addressable market of…
Manika Plastech Limited will open its Initial Public Offer (IPO) for subscription on Friday, September 11, 2026. The Price Band has been fixed at ₹40 to ₹43 per Equity Share, with a face value of ₹2 per share. The Anchor Investor bidding will take place on Thursday, September 10, 2026. The IPO will close on Wednesday, September 16, 2026. Investors can bid for a minimum of 348 Equity Shares and in multiples of 348 Equity Shares thereafter. The Offer comprises a fresh issue aggregating up to ₹92.5 crore and an Offer for Sale of up to 7,674,418 Equity Shares. The…
Axis Bank today announced the launch of ARISE Homecoming, a dedicated hiring initiative aimed at connecting globally educated Indian students and early-career professionals with career opportunities in India. The programme is open to Indian students pursuing or recently completing their education at overseas universities, as well as professionals with up to two years of international work experience. Candidates from diverse degrees, disciplines and institutions can apply, with the initiative focused on skills, potential and role fit. With around 12.54 lakh Indian students enrolled in overseas higher education institutions in 2025, ARISE Homecoming seeks to provide this growing pool of globally…
Three years since its opening in March 2023, the Nita Mukesh Ambani Cultural Centre (NMACC) has emerged as a multidisciplinary destination for performing and visual arts, bringing international productions to Indian audiences while providing a platform for Indian artists and stories to reach wider audiences. Over the past three years, NMACC has hosted more than 3,500 shows, welcomed nearly 2.5 million guests and presented over 10,500 artists across music, theatre, dance and visual art in more than 15 languages. Its Grand Theatre has presented acclaimed international productions including The Sound of Music, West Side Story, MAMMA MIA!, The Phantom of…
The Electronics City Industries Association (ELCIA) is set to host the 2026 edition of its flagship ELCIA Tech Summit (ETS) on September 10 at The Oterra, Electronics City, Bengaluru. With the theme “Intellect, Insight & Impact,” the summit will bring together industry leaders, technology experts, innovators and startups for discussions on technologies shaping the future of businesses and industries. Building on previous editions that featured prominent industry voices including Kris Gopalakrishnan, T. V. Mohandas Pai and N. R. Narayana Murthy, ETS 2026 will cover areas including artificial intelligence, robotics, advanced manufacturing, healthcare, quantum computing and the startup ecosystem. The summit…
Rentomojo Limited has announced that its Initial Public Offer (IPO) will open for subscription on Wednesday, September 9, 2026, and close on Friday, September 11, 2026. The Anchor Investor bidding will take place on Tuesday, September 8, 2026. The price band has been fixed at ₹384 to ₹404 per Equity Share, with a face value of ₹1 per share. Investors can bid for a minimum of 37 Equity Shares and in multiples thereof. The Offer comprises a fresh issue of Equity Shares aggregating up to ₹150 crore and an Offer for Sale of up to 27,365,529 Equity Shares. Rentomojo plans…
Partnership to explore dedicated production centre, technology cooperation and potential joint venture Kalyani Strategic Systems Ltd. (KSSL), a wholly owned subsidiary of Bharat Forge Limited, and FN Herstal, a wholly owned subsidiary of FN Browning Group, have signed a Memorandum of Understanding (MoU) to explore local manufacturing and industrial cooperation for India’s defence requirements. The partnership combines KSSL’s engineering and manufacturing capabilities with FN Herstal’s expertise in small arms and integrated weapon systems. Under the MoU, the companies will evaluate establishing a dedicated production centre in India and a potential Strategic Alliance/Joint Venture covering small arms, integrated weapon systems and…