Global leading research pharma company Glenmark Pharmaceuticals mentioned in a company statement, “Results from the Phase 3 trial showed numerical improvements for the primary efficacy endpoint with 28.6 per cent faster viral clearance in the overall population as measured by the median time until cessation of oral shedding of virus in the Favipiravir treatment arm compared to those in the control arm.”
The Favipiravir treatment arm over the control arm revealed efficacy and benefit, a study highlighted.
On Thursday, the company announced top-line results from a Phase 3 clinical trial in mild to moderate COVID-19 patients, conducted across seven clinical sites in India.
Along with its efficacy, the safety and supportive care of Favipiravir compared to standard supportive care alone (control arm), in mild to moderate patients, randomized within a 48-hour window in RT-PCR COVID-19 positive cases, was also evaluated. The open-label randomized, multicenter clinical trial was conducted in a total of 150 patients.
The Favipiravir arm treatment observed faster clinical cure and viral clearance among patients than the routine care group randomization.
At least 40 per cent faster achievement of ‘clinical cure’ defined as the physician’s assessment of normalization of clinical signs – temperature, oxygen saturation, respiratory rate and cough with Favipiravir treatment saw quicker outcomes, The reduction in median time to clinical cure in the Favipiravir treatment arm (three days), compared to the control arm (five days) was statistically significant.
Glenmark Pharmaceuticals rose as much as 4.06% on Thursday after the company announced top-line results from phase 3 clinical trial of Favipiravir in patients with COVID-19 symptoms. At 1:08 pm, shares of Glenmark Pharmaceuticals were trading at Rs 421.95 apiece on BSE, up 2% from its previous close, while the benchmark Sensex advanced 0.5% to 38,061.27 points.
Glenmark has received manufacturing and marketing approval from India’s drug regulator for FabiFlu, making it the first approved oral medication in India for the treatment of mild to moderate COVID-19 patients.
Hindustan Aeronautics Shares Soar 6% on Inking Contracts with MoD

Shares of Hindustan Aeronautics (HAL) saw a 6% boost on 1 April after the Ministry of Defense awarded the company contracts totalling Rs 62,700 crore.
Earlier on 28 March, the business and the Ministry of Defense signed two contracts totalling Rs 62,700 crore for the acquisition of 156 Prachand light combat helicopters (LCH), training, and other related equipment.
The Indian Air Force (IAF) would acquire 66 LCHs under the first agreement, while the Indian Army would receive 90 LCHs under the second.
The Ministry of Defence has also entered into an agreement with Metrea Management for the wet lease of a flight refueling aircraft, aimed at facilitating air-to-air refueling training for pilots of the Indian Air Force and Indian Navy.
Dr D K Sunil, CMD, HAL, said, “This achievement was despite the shortfall in deliveries of LCA and ALH. The deliveries of LCA were affected due to non-availability of engines. The ALH delivery schedule too got hit due to the accident in January 2025 and subsequent grounding of the Fleet. However, the deliveries of other products and services were accelerated which helped us to maintain the top line.”
At 12:36 am, the shares of Hindustan Aeronautics were trading 2.81% higher at Rs 4,295 on NSE.
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Top 10 Traders In India: Know The Richest Traders With Their Wealth

The Indian stock market is one of the most popular and rapidly growing stock markets in the world. In this growing market some players took the plunge and created handsome wealth to become the best traders in India. Over the years trading is considered risky, but these big traders managed to implement good strategies to generate consistent profit.
You might have seen them on television or read about these famous traders in the newspaper. Based on their investment journey and net worth we tried to curate the list of biggest traders in India.
List of Top 10 Richest Trader in India
Sr No | Top Traders in India | Net Worth |
1 | Radhakrishnan Damani | $15.7 B |
2 | Azim Premji | $12.2 B |
3 | Rakesh Jhunjhunwala | $5.8 B |
4 | Raamdeo Agarwal | $1.6 B |
5 | Ashish Dhawan | $800 M |
6 | Ashish Kochali | $400 M |
7 | Nemish Shah | $330 M |
8 | Sunil Singhania | $250 M |
9 | Mukul Agarwal | $240 M |
10 | Anil Kumar Goel | $230 M |
1. Radhakrishnan Damani
Radhakrishnan born in Mumbai in 1954, founder of D-Mart and also owns Bright Star Investment Ltd. He made major profits during the 1990 scam done by Harshad Mehta by short selling strategy.
While his exact investment portfolio isn’t always public, DMart went public in 2017 and has been a major success story.
2. Azim Premji:
Premji was born in Mumbai in 1945. He is the founder of famous software company Wipro Ltd in 1980.Azim Premji is a recipient of several awards, including the Padma Bhushan, one of India’s highest civilian awards. He founded the Azim Premji Foundation in 2001, and the foundation has since provided education to millions of children in India.
Major investments made by Premji are in Wipro, Balrampur Chini Mills, Tube Investments, Ambuja Cements and many other companies.
3. Rakesh Jhunjhunwala
Often referred to as the “Big Bull” of India, he was a legendary investor and trader with a massive portfolio. He was known for his long-term investments and deep understanding of the market. Sadly, he passed away in 2022.
Rakesh is the founder of Rare Enterprise along with his wife Rekha Jhunjhunwala, He is also a founding member of Akasa Airlines. He major investments include Titan, Crisil, Tata Motors etc
4. Raamdeo Agarwal
The co-founder of Motilal Oswal, offers a wide range of products and services, including brokerage, investment banking, and asset management.
Some of his notable and past investments include Hero Honda, Infosys & Eicher Motors.
5. Ashish Dhawan
A 55 years old philanthropist is a CEo and Co founder of Convergence Foundation, chairperson and founder of Central Square Foundation also founder of India’s leading private equity funds, Chrysalis Capital in Delhi.
Dhawan’s prime investments include Infosys, Mahindra & Mahindra financial services, IDFC, Quess Corp, AGI Green Pac and some other renown sectors of India
6. Ashish Kochali
Often referred to as “Big Whale” among the traders in India. He is the founder of the famous entertainment company “Hungama Digital”.
Some of the vital investments made by Kochali to boost his portfolio are Jyoti Structure, Beta Drugs Ltd, BEW Engineering, Du Global and many other companies. Ashish Kochali’s portfolio is diversified in sectors like pharma, technology & manufacturing.
7. Nemish Shah
Shah is one of the most active traders and investors in India. He is the co-founder of ENAM Holdings, an investment house. ENAM Holdings is the same company which took Infosys public in 1993.
Top Companies invested by Nemish Shah are EID Parry(India) Ltd, Zodiac Clothing Company Ltd, Bannari Amman Sugar Ltd. Nemish strategy is mostly focused on long term growth and value.
8. Sunil Singhania
The founder of Abakkus Asset Manager and top notch investor and best trader to make this list. Sunil has a total net worth of $250 M. Sunil is focused on midcap and small stocks across the sectors like engineering , metals, infrastructure & cements.
Sunil’s holdings include Rajshree Polypack, Carysil, Anup Engineering, Mastek, IIFL Securities, DCM Shriram etc
9. Mukul Agarwal
Mukul Agarwal is an ace investor and founder & CEO of Agarwal Corporate. He entered the stock market in late 1990’s and became a renowned trader in India.
His portfolio mainly reflects companies like Apollo Pipes, Birla Soft, Ajmera Realty, Kirloskar Ferrous Industries, Bella Casa Fashion and many other companies of various sectors.
10. Anil Kumar Goel
Known as “Sugar Baron” among the traders in Dalal street. Anil Kumar Goel entered the market in 1992, today is one of the known investors and traders in the Indian market with a total net worth of 2228₹ cr.
Anil Kumar Goel has invested in more than 80 companies. Some companies are Karnataka Bank Ltd, Uttam Sugar Mills, Crayons Advertising Ltd etc.
Nifty Media Rises 3% as PVR, TV Today, and Network18 Lead Gains

Media stocks are experiencing a strong rally on 8th October, defying broader market volatility, as PVR Inox, TV Today, and Network18 report impressive gains.
This momentum has pushed the Nifty Media index up over 3%, positioning it as the best-performing sectoral index for the day.
As the Q2 earnings season approaches, investors are shifting their focus to Indian companies’ quarterly performances. While the year-over-year outlook for media players remains subdued, there are hopes for sequential improvement.
For instance, PVR Inox’s stock performance is closely tied to box office collections and upcoming releases. Following a lacklustre in the first half of CY24, box office collections have started to pick up. They are anticipated to improve further in Q3 FY25, raising expectations for a recovery for the multiplex operator.
The recent correction in the sector has allowed investors to buy media stocks at lower prices and more reasonable valuations, leading to increased interest in the sector.
At 3:09 PM, PVR Inox was trading 3.42% higher at Rs 1,601.85, TV Today was trading 1.77% higher at Rs 224.56, and Network18 was trading 2.35% higher at Rs 75.74 on NSE.
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Interarch Building Products Invests Rs 7 Crore to Expand Manufacturing in Gujarat, Shares Rise 2.5%

Shares of Interarch Building Products Ltd. rose by 2.5% to reach a day’s high of Rs 1,445.50 on 30th September, after the company announced it had acquired 51,926 square metres of land in Gujarat to establish a new manufacturing facility. The company has invested Rs 7 crore in the acquisition.
This land acquisition supports Interarch’s long-term goal of expanding its national presence and meeting the rising demand for high-quality pre-engineered buildings across India.
The newly acquired land will boost the company’s usable capacity, allowing Interarch to meet increasing demand more effectively.
It also highlights Interarch’s focus on enhancing supply chain capabilities in Western India, ensuring closer proximity to customers for better service.
Gujarat was chosen strategically as it is emerging as a hub for industries like semiconductors, renewable energy, and data centres.
Interarch has previously completed major projects in Gujarat for clients like Asian Paints, Timken, Asahi Glass, MG Motors, and Micron through Tata Projects Ltd.
MD Arvind Nanda stated that the new land acquisition will enhance production capabilities to meet the growing demand for pre-engineered building solutions in key markets.
At 3:30 PM, the shares of Interarch Building Products closed 1.35% higher at Rs 1,421 on NSE.
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Stocks in Focus: Torrent Power, REC, Reliance Power, and Others

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.16% lower by 40.50 points at 24,422, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.
On Tuesday, 17 September, Domestic benchmark indices S&P BSE Sensex jumped 90.88 points or 0.11%, to end at 83,079.66, while the Nifty50 traded 34.80 points or 0.14% higher and settled at 25,418.55.
Here are some stocks that are likely to remain in focus on 18 September.
Torrent Power: The company has received a letter of Intent from the Maharashtra State Electricity Distribution Co for a 1,500 megawatt (MW) pumped hydro storage.
REC: The company has signed a non-binding financial agreement to increase its renewable loan portfolio to over Rs 3 lakh crore by 2030.
Reliance Power: The company has fulfilled all its obligations as a guarantor for Vidarbha Industries Power and has also resolved all disputes with CFM Asset Reconstruction.
Biocon: The Life Insurance Corporation of India (LIC) has increased its shareholding in the company by acquiring additional 500,200 shares, representing a 0.041% stake in the company, and taking its total shareholding to 5.023%.
Indian Hotels Company: The company has signed a new resort at Barnala in Punjab under the Gateway brand. The new resort will have 100 villas and is spread across 9 acres.
Bandhan Bank: The bank has increased its fixed deposit interest rate to 8.55% on one-year deposits, aiming to attract more depositors in this competitive financial market.
Infosys: The IT major has entered into a long-term agreement with Metro Bank of the UK to improve its IT and support functions.
Utkarsh Small Finance Bank: The company has received approval from the Reserve Bank of India (RBI) for the variable remuneration for the Managing Director & CEO of the company for FY24 along with the fixed remuneration for FY25.
Jupiter Wagons: The company has announced a Rs 2,500 crore capacity expansion plan to construct a new facility in Odisha for producing forged wheelsets. The new facility will increase the company’s production capacity from 20,000 to 100,000 wheelsets per year.
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