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Apollo Hospitals Enterprise Ltd. confirmed on Friday, August 22, that promoter and Managing Director Suneeta Reddy was the seller in the large block trade executed earlier in the day. According to the exchange filing, Reddy sold 18.97 lakh shares — representing 1.3% of her total holding — at ₹7,850 per share, generating ₹1,489 crore through the deal. The block transaction involved 1.32% of Apollo Hospitals’ total equity. The company stated that the funds raised will be used to significantly reduce the pledged shares held by the promoter group, bringing them down from 13.1% to just 2%. As a result of…

ICICI Bank has reported a significant expansion of its social and environmental initiatives, impacting 1.89 crore lives during FY24-25, according to its Environmental, Social, and Governance (ESG) Report. The Bank allocated ₹801 crore towards Corporate Social Responsibility (CSR) in FY25, marking a 54% increase from ₹519 crore in the previous year. Women’s empowerment remained a core focus, with 10 lakh women supported through Self-Help Groups (SHGs), raising the total beneficiaries to 1.1 crore. Skill development, agriculture, and micro-enterprise programmes benefitted over 91 lakh people, boosting rural livelihoods. In healthcare, ICICI Bank partnered with 550 hospitals to facilitate treatment for 4…

TVS Motor Company on Thursday launched the TVS King Kargo HD EV, a three-wheeler designed to meet the fast-changing demands of urban and semi-urban logistics. The company also unveiled the CNG variant, which is slated for launch before the end of 2025. The new electric cargo vehicle brings in several segment-first features, including LED head and tail lamps for enhanced visibility, a spacious cabin with rolling windows, stylish door trims for better ventilation, and a dedicated Power Gear Mode for superior torque under heavy loads. It is also India’s first Bluetooth-enabled cargo three-wheeler, powered by TVS SmartXonnect™ offering 26 smart…

The Godrej Industries Group (GIG) hosted the second edition of the National Chemistry Day Summit, reaffirming its focus on innovation, sustainability, and competitiveness in India’s chemical sector. Organized jointly by Godrej Industries (Chemicals) and Astec Life Sciences, the summit brought together industry leaders, academics, and researchers to shape the future of Indian chemistry. Themed “Driving Innovation and Growth in India’s Chemical Industry”, discussions centered on research and development, digitalisation, and future-ready talent as core enablers for global success. Burjis Godrej, Executive Director of Godrej Agrovet and Managing Director of Astec Life Sciences, along with Nadir Godrej, Chairperson of GIG, underscored…

External Affairs Minister Dr. S. Jaishankar’s visit to Russia has underscored India’s strategic push to diversify trade and reinforce its long-standing partnership with Moscow. Arriving on August 19, Jaishankar engaged with leading Russian scholars and think-tank representatives, exchanging perspectives on global geopolitics and bilateral cooperation. On August 20, he co-chaired the 26th session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC). Highlighting the surge in bilateral trade from USD 13 billion in 2021 to USD 68 billion in 2024–25, he cautioned against the nine-fold trade imbalance. He called for measurable targets, mid-term reviews, closer…