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Delhi-based air freight forwarding and logistics company Skyways Air Services Limited has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).  The IPO, with a face value of ₹10 each, is a mix of a fresh issue of up to 32.92 million equity shares and an offer for sale of up to 13.33 million equity shares by promoters and other selling shareholders. The offer for sale consists of shareholders selling up to 7.12 million equity shares by Yashpal Sharma, up to 2.46 million by Tarun Sharma, up to 1.87 million equity shares by Himanshu Chhabra, and up to 1.87 million equity shares by Rohit Sehgal. The proceeds from its fresh issuance are to the extent of Rs 216.79 crore for repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiary, “Forin Container Line Private Limited”; Rs 130 c...

The  event highlighted the need for early genetic screening to prevent childhood blindness due to glaucoma and premiered the short film 'Ripples of Light' NATIONAL, July 1 st , 2025:  The University of Salford (UK), in collaboration with CSIR-Institute of Genomics and Integrative Biology (CSIR-IGIB) and the Organization for Rare Diseases India (ORDI), hosted a national workshop titled  “Towards Equitable and Early Genetic Care for Glaucoma”  in New Delhi on 30 th  June. Premas Life Sciences and Shroff Eye Hospital were the event partners. The event brought together leading clinicians, scientists, genetic counsellors, policy advocates, non-profit charities and media representatives to spotlight the urgent need for early genetic diagnosis in managing inherited forms of glaucoma in India. The workshop opened with a welcome address by the Director, CSIR-IGIB, highlighting the need for such events and its alignment with IGIB’s mission. The event also featured present...

National,  July 1, 2025  −  Shell Lubricants has successfully completed the acquisition of a 100% equity interest in Raj Petro Specialities Pvt. Ltd. from the Brenntag Group.   The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets.  The transaction strengthens Shell Lubricants’ presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to realise new synergies and economies of scale across the lubricants value chain. “The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, positioning Shell Lubricants for further growth in line with our unwavering focus on performance, discipline, and simplification”, said Jason Wong, Shell’s Executive Vice President for Global Lubricants.

South Asia Growth Invest backed Hero Motors, offering comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level powertrain solutions for both electric as well as non-electric powertrains, has refiled its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,200 crore through an initial public offering (IPO). The IPO with a face value of Rs 10 is a mix of fresh issue of up to Rs 800 Cr and an offer for sale up to Rs 400 Cr by promoters. The OFS includes Rs 390 crore worth shares by O P Munjal Holdings, and Rs 5 crore each by Bhagyoday Investments and Hero Cycles each. Proceeds from the fresh issue of shares will be used to the extent of Rs 285 crore for repayment/prepayment/redemption in full or in part, of certain outstanding borrowings availed by the Company; Rs 237 crore for capital expenditure of the Company through purchase of equipment requi...