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Jio Platforms is preparing for its Initial Public Offering. The company is expected to file its Draft Red Herring Prospectus soon. This offering could become India’s largest ever. Existing foreign investors are planning to sell a portion of their stakes. The stock market listing is anticipated in the first half of 2026.
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French bank Societe Generale has acquired shares worth Rs 76 crore in Sammaan Capital. This comes as Abu Dhabi’s International Holding Company plans a controlling stake acquisition. In a separate transaction, investor Mukul Agrawal sold shares valued at Rs 8 crore in Siyaram Recycling Industries. Sammaan Capital’s stock has shown strong performance over the past year.
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Corcept Therapeutics shares surged after the FDA approved its drug, Lifyorli, for a tough ovarian cancer. This new therapy, combined with chemotherapy, showed a significant survival benefit in trials. The approval, coming early, offers hope for patients whose cancer no longer responds to standard treatments, though some patient groups are excluded.
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Sebi Chairman Tuhin Kanta Pandey on Wednesday termed fake applications a “serious threat” and urged technology firms like Google and Meta to work with financial regulators for investor protection.
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Securities and Exchange Board of India launched a Verified App Label initiative with Google to help investors identify genuine trading apps. The move aims to curb digital fraud as retail participation rises, while strengthening trust and promoting safer investment practices.
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