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The ministry of corporate affairs on Wednesday proposed that the adjudicating authority must admit an application filed by a financial creditor, provided it was established that a default was committed and that the other procedural requirement was fulfilled. It has not defined the "other procedural requirement" in the recommendations.

Bidders will have to increase their bids by ₹10 crore in each round with the lowest bids getting eliminated, people familiar with the process said.

Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib - an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult patients with moderate to severe alopecia areata in its THRIVE-AA Phase 3 clinical program and two open label, long-term extension studies are ongoing in North America and Europe.

The move is part of an ambitious strategy by the leader in the electric passenger vehicle market to raise significant funds, both via external and internal sources, to support its growth plans through product innovations, especially of EV platform, top executives close to the development said.

Global Health, incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 11970.43 Crore) operating in General sector.

Hindustan Zinc delivered best-ever 9 months refined metal on the back of the highest ever mined metal. In FY22, we reached the one million tonne mined metal landmark, and this year with the current run-rate, we are confident of achieving the one million tonne refined metal mark and are fully geared to deliver another stellar annual performance," said Arun Misra, CEO, Hindustan Zinc

The Dow Jones Industrial Average fell 125.61 points, or 0.38%, at the open to 33,171.35

Total income of the Jaipur-based company rose 36 per cent to Rs 2,413 crore, driven by a full 41 per cent jump in net interest income at Rs 1,153 crore. The key profitability metric net interest margin which is the difference between the cost of deposit and loan pricing, at 6.2 per cent.

But what we need to really look at from now on is that at such high valuations one has to really look at what is the trend in terms of volume growth because you know after a point of time when you have gained a lot of market share you become a proxy to the industry and hence your growth starts to taper off.

Happiest Minds’ year-to-date revenue growth and EBITDA continue to be industry-leading and well above the guidance we have given for the year. Accolades that we received for our governance and disclosure practices coupled with our results make the quarter results that much more pleasant,” said Venkatraman, MD & CFO, Happiest Minds.