Scoreboard
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Biocon Ltd has received U.S. FDA approval for its Liraglutide Injection (gSaxenda®), indicated for chronic weight management. The drug, delivered via single-patient-use prefilled pens, is approved as an adjunct to diet and exercise. This milestone strengthens Biocon’s presence in the fast-growing GLP-1 receptor agonist market.
Indian Railway Finance Corporation (IRFC) has announced a floor price of ₹104 per share for its upcoming offer-for-sale (OFS). The move is part of the government’s disinvestment strategy, aimed at raising funds while allowing retail and institutional investors to participate in India’s expanding railway infrastructure financing sector.
5paisa Capital Ltd has announced plans to raise up to ₹4.75 billion through a rights issue of equity shares. The fundraising initiative aims to strengthen the company’s capital base, support expansion in retail broking and financial services, and enhance digital infrastructure for its fast-growing customer base.
Algorhythm Holdings announced that its logistics platform SemiCab has been awarded a pilot program with Coca-Cola India, marking a significant milestone in supply chain innovation. The collaboration will test SemiCab’s AI-driven freight optimization solutions, aiming to enhance efficiency, reduce costs, and improve sustainability in Coca-Cola’s distribution network.
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