In a potential landmark development within the pharmaceutical sector, Hyderabad-based Dr. Reddy's Laboratories is reportedly considering the acquisition of Novartis AG's entire stake in Novartis India. This move comes as the Switzerland-based pharmaceutical giant, Novartis AG, initiates a strategic review of its Indian subsidiary, Novartis India, a listed entity in the country.

The Life Insurance Corporation of India (LIC) has recently garnered attention for its financial activities, as it received a substantial income tax refund of ₹21,740 crore from the Income Tax Department. However, with ₹3,700 crore still pending, the insurer awaits further reimbursements.

In a significant shift, India is gearing up to invite private investments totaling approximately $26 billion into its nuclear energy sector, aiming to bolster its non-carbon emitting energy sources. According to two government sources cited by Reuters, this move marks the first instance of New Delhi actively pursuing private funding for nuclear power, which currently contributes less than 2% to India's total electricity generation.