The Centre on Monday not only raised the price of ethanol produced from C-heavy or C-grade molasses but it also fixed a price for ethanol produced from B-heavy molasses and sugarcane juice for the first time, something which has been a rarity in India until now. So far, in India, ethanol has been produced from C-heavy molasses as production from the other two varieties wasn't remunerative enough in the absence of any stable policy regime. For expert advice click here: CapitalHeight.

    China's Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world's biggest tech float in four years, people close to the transaction said on Friday.Xiaomi priced its share offering at HK$17 per share ($2.17), the bottom of a price range of HK$17 to HK$22, the people said. It is selling about 2.18 billion shares, one of the people said, making the IPO the largest in the technology sector since Alibaba Group Holding Ltd raised $25 billion in New York in 2014.Xiaomi declined to comment on the IPO pricing.

     Indivior Plc said on Friday a US court extended the restraining order blocking Indian pharmaceutical firm Dr Reddy's Laboratories from launching a generic version of the British drugmaker's bestselling opioid addiction treatment in the United States.Dr Reddy's and US-based Mylan NV received approval from the Food and Drug Administration (FDA) earlier this month to launch a generic version of Suboxone Film, which generates 80 per cent of Indivior's revenue, forcing the UK company to file an injunction against the decision.Indivior said its restraining order, issued on June 15, was extended for another 14 days, during which time the US court for the District of New Jersey will consider the application and issue a ruling on the injunction.

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