Buzzing stocks: Infosys, Biocon, Royal Orchids, PVP Ventures, Rajesh Power, Spandana Sphoorty

Infosys has incorporated a step-down wholly-owned subsidiary IInfosys Australia Technology Services Pty Ltd  in Australia. The newly incorporated entity’s 100% shareholding is held by Singapore Pte. Ltd, a wholly owned subsidiary of Infosys Limited. The board of Biocon has approved raising up to Rs 4,500 crore through issue of securities. The company’s board has approved to raise…

Health regulatory authorities urged to investigate allegations of unethical clinical trials reported from Gujarat

According to an interim report filed by an investigation committee constituted by Municipal Commissioner of Ahmedabad, around 58 national and international pharmaceutical companies have conducted clinical trials With the shadow of alleged unethical clinical trials falling on doctors and pharmaceutical companies, the Swasthya Adhikar Manch (SAM) has written to the Union Health Secretary and the…

US listing, among options as Vedanta Resources eye $1-b fundraise for Zambian mine development 

Discussions are in early stages, and no timeline has been finalised | Photo Credit: DANISH SIDDIQUI Mining mogul Anil Agarwal’s Vedanta Resources could look at a possible US public listing for its Zambian unit, Konkola Copper Mines (KCM), among “other financing options”, as it looks to raise approximately $1 billion for mine development.  Talks are…