Welcure Drugs Ltd. has unveiled plans for a share split alongside a bonus share issuance, marking a strategic move to improve liquidity and broaden shareholder participation. The company’s board approved a stock split and declared bonus shares to existing investors, aiming to make its shares more affordable and attractive in the secondary market. These corporate actions reflect Welcure Drugs’ commitment to optimizing capital structure while rewarding shareholders.

Larsen & Toubro (L&T), India’s leading engineering and construction conglomerate, has clinched a monumental Rs. 15,000 crore contract from Adani Power. This agreement marks a significant milestone in L&T’s order book, reinforcing its stronghold in the power infrastructure sector. The contract encompasses comprehensive engineering, procurement, and construction (EPC) services, aimed at boosting capacity and efficiency at Adani Power’s thermal power projects.

TVS Supply Chain Solutions Ltd. reported a consolidated net profit of Rs. 71.16 crore for the first quarter ended June 30, marking a robust turnaround from the previous year’s loss. The growth was supported by healthy revenue generation, operational efficiency, and disciplined cost management. The company’s consolidated income climbed to Rs. 2,797.98 crore from Rs. 2,582.19 crore a year earlier, driven by steady demand across sectors and strategic global partnerships.

The Punjab government’s recent Bill Settlement Scheme has led to the recovery of Rs. 9.07 crore in penalties from power consumers across the state. The initiative, aimed at regularizing pending dues and promoting timely payments, witnessed a strong response from domestic, commercial, and industrial users. The scheme offered concessions to defaulters willing to clear outstanding amounts, thereby reducing the burden of prolonged litigations and revenue losses.

ICICI Bank’s recent decision to raise its minimum average balance requirement has sparked widespread discontent among customers, consumer rights groups, and financial commentators. Critics argue the hike disproportionately affects low-income account holders and undermines financial inclusion efforts, while the bank maintains that the change is necessary to offset rising operational costs.

Global management consulting and professional services firm ZS has opened a new office in Hyderabad, strengthening its presence in India and expanding its global delivery capabilities. The new facility aims to cater to the growing demand for advanced analytics, technology, and consulting services from clients across industries. Positioned as a hub for innovation and collaboration, the Hyderabad office will house cross-functional teams working on healthcare, life sciences, and technology-led business transformation projects.

Varmora Granito Ltd., a leading player in the ceramic and vitrified tiles industry, has filed draft documents with the market regulator to launch an initial public offering (IPO) worth Rs. 400 crore. The proposed public issue comprises a fresh issue of shares, aimed at funding the company’s capital expenditure, working capital needs, and general corporate purposes. Known for its strong domestic footprint and growing global presence, Varmora is positioning itself to capitalize on India’s rising demand for construction and home improvement products.

Congress leader Priyanka Gandhi Vadra has sharply criticized the Indian government for maintaining silence amid the escalating humanitarian crisis in Palestine, particularly in Gaza, where recent military operations by Israel have resulted in widespread destruction and civilian casualties. She condemned the loss of innocent lives and urged India to take a clear moral and diplomatic stance, consistent with the nation’s historical support for Palestinian rights.

Pakistan has formally urged India to resume the full and unhindered implementation of the Indus Waters Treaty (IWT), a landmark water-sharing agreement brokered in 1960 under World Bank auspices. The treaty, which governs the allocation of the Indus River system between the two nations, has long served as a stabilizing framework despite periods of political tension. Pakistan’s latest call comes amid concerns that recent disputes and procedural delays could undermine the spirit of cooperation the accord was designed to foster.

The Punjab government has officially withdrawn its controversial land pooling policy following vigorous protests by farmers across the state. The policy, aimed at consolidating agricultural land to foster urban development, faced intense opposition from the farming community, which argued it threatened their livelihoods and land ownership rights. The government's decision to retract the policy marks a significant political and social development, underscoring the growing influence of farmer movements in shaping policy discourse.