Business
Harper Questionable With Adductor Injury for Spurs-Thunder Game 3
SAN ANTONIO — San Antonio Spurs guard Dylan Harper is listed as questionable for Game 3 of the 2026 Western Conference Finals against the Oklahoma City Thunder due to right adductor soreness.
Harper suffered the injury in the third quarter of Game 2 on May 20, 2026, at Paycom Center in Oklahoma City. He recorded 12 points, two rebounds and three assists in 25 minutes before exiting and not returning in the Thunder’s 122-113 victory that tied the best-of-seven series at 1-1.
The 20-year-old rookie tried to return after treatment in the locker room but was held out by Spurs staff. He had started in place of De’Aaron Fox, who missed Game 2 with a right ankle sprain.
Harper was named to the All-Rookie First Team after the regular season. In Game 1, a double-overtime Spurs win, he posted 24 points, 11 rebounds, six assists and seven steals.
Injury Report for Game 3
The NBA’s official injury report for May 21 listed Harper as questionable with right adductor soreness. De’Aaron Fox remained questionable with a right ankle sprain.
For the Thunder, Jalen Williams was questionable with a right hamstring strain. Thomas Sorber was ruled out with right ACL recovery.
Spurs coach Mitch Johnson did not provide a definitive update on Harper’s status immediately after Game 2. Sources indicated Harper would undergo further evaluation, including a potential MRI.
Game 3 is scheduled for Friday, May 23, 2026, at Frost Bank Center in San Antonio. If both Harper and Fox are unavailable, Harrison Barnes and Jordan McLaughlin could see expanded roles in the backcourt.
Context of Harper’s Season
The former Rutgers standout was selected No. 2 overall in the 2025 NBA Draft. He stepped into a larger role during the playoffs with Fox sidelined. His performance in Game 1 drew attention across the league for his speed, athleticism and defensive impact.
Harper averaged 14.6 points, 5.6 rebounds and 2.5 assists per game during the regular season. In the Western Conference Finals, his availability has become a central storyline as the Spurs face the defending champion Thunder.
The Spurs entered the series without Fox, who re-aggravated his ankle injury. Harper started both games in his absence. The team lost Game 2 after leading earlier in the contest.
Thunder’s Position
Oklahoma City tied the series with a strong second-half performance in Game 2. Jalen Williams exited early in that game with his own hamstring issue but remains questionable for Game 3.
The Thunder, as the top seed, have home-court advantage but split the first two games on their floor. Shai Gilgeous-Alexander and the Thunder’s defense have been key factors.
Broader Spurs Injury Situation
The Spurs have dealt with multiple injuries throughout the 2026 postseason. Fox has not appeared in the Western Conference Finals. His status for Game 3 will be monitored closely alongside Harper’s.
If both guards are out, the Spurs will rely more heavily on Victor Wembanyama in the frontcourt and other bench players. The team has emphasized depth in recent seasons under its current management.
Achilles and lower leg injuries have been a league-wide topic in 2026, with several high-profile players affected during the playoffs. Recovery timelines for adductor strains typically range from days to weeks depending on severity.
Series Outlook
The Western Conference Finals feature two young, talented rosters. The Spurs pushed the series to a split in Oklahoma City, showing resilience despite the absences. Home-court advantage shifts to San Antonio for Games 3 and 4.
Further updates on Harper and Fox are expected closer to tip-off on Friday. The Spurs have not provided additional details beyond the official injury report as of May 22.
Harper’s development has been a bright spot for San Antonio. His ability to impact both ends of the floor as a rookie has drawn comparisons from analysts. The team will assess his condition daily as it prepares for a pivotal home game.
The Thunder lead the league in defensive rating during the regular season and have maintained that intensity in the playoffs. San Antonio’s offense has shown flashes but has been hampered by turnovers and injuries.
As the series progresses, medical updates and player availability will likely dictate the outcome. Both teams continue preparations with Game 3 approaching.
This article is based on official NBA injury reports, team announcements and game summaries available through May 22, 2026.
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Fox News contributor Deroy Murdock and Heritage Foundation chief economist EJ Antoni break down New York City Mayor Zohran Mamdani’s ‘Tax the Rich’ plan and more on ‘The Bottom Line.’
JPMorgan Chase Chairman and CEO Jamie Dimon put New York City’s new progressive mayor, Zohran Mamdani, on notice, telling the self-described ideologue that city governance is about lower crime and economic survival, not empty “morality” slogans.
Following a high-stakes face-to-face meeting, the Wall Street titan openly criticized far-left tax talking points like “fair share” and warned that treating wealth creators as political punching bags is actively destroying the city’s talent pool.
“Every city has to compete. And they have to compete at every level – arts, science, schools, that is what it is. I’m not inventing that, he can be an ideologue, he has to compete, too,” Dimon said Thursday in a Bloomberg TV interview.
“And we’ll see: will he learn that he’s got to make this city a place where people want to grow and build and live and have families and work?” he continued. “And he’s gotta compete with Shanghai and Hong Kong and Singapore and Nashville, and people vote with their feet. So it isn’t this morality thing that people talk about. It’s like, are you building a great city with lower crime and stuff like that?”
MAMDANI’S WALL STREET COURTSHIP SPARKS CRITICISM OF ANTI-BILLIONAIRE AGENDA
On Monday, Dimon and Mamdani met in person at the bank’s new headquarters in Manhattan, as the democratic socialist mayor intensifies outreach to Wall Street leaders following backlash over proposals to raise taxes on wealthy New Yorkers.
After meeting in-person on Monday, JPMorgan Chase CEO Jamie Dimon shared some words of wisdom for New York City Mayor Zohran Mamdani. (Getty Images)
The meeting was “constructive and the tone was friendly,” a JPMorgan spokesperson told Reuters. According to City Hall, the pair discussed reducing government waste, cutting red tape tied to development projects and expanding public-private partnerships. JPMorgan said the conversation also focused on New York City’s competitiveness.
“I don’t care what he says. What does he do? I will judge that,” Dimon said. “And so what actually happens, because you can talk about morality and ideology all you want, but if things don’t get better, you didn’t do a good job… And so, hopefully, he’ll learn. I want him to do a good job. I’m not against him.”
United Refining Company Chairman and CEO John Catsimatidis joins ‘Mornings with Maria’ to discuss NYC Mayor Zohran Mamdani’s meeting with the JPMorgan Chase and Goldman Sachs CEOs, the announcement of a second city-run grocery store and more.
The CEO also expanded on Mamdani’s controversial wealth tax proposals: “I don’t think… people making under a certain amount [should] pay taxes at all. I would agree with that, but when they say, ‘fair share,’ what do they mean? They should give a number.”
Dimon added that New York City’s existing tax landscape “already” makes the Big Apple uncompetitive, with just 26,000 JPMorgan employees based there today versus 33,000 in Texas.
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Liz Peek criticizes New York City Mayor Zohran Mamdani’s policy proposals and discusses the future of U.S.-China relations following the Trump-Xi summit on ‘Kudlow.’
“The Dallas mayor calls up all the time saying, ‘What can I do to help you? I have land over here,’ you know, and that is pro-business and pro-people-love-living there,” he said.
“New York’s a wonderful place too, but… [people] think that somehow being anti-business is going to help a city. It’s not.”
FOX Business’ Bradford Betz contributed to this report.
SlateStone Wealth partner Kenny Polcari analyzes the current market pullback, rising inflation and whether investors are growing exhausted with AI stocks on ‘Varney & Co.
Kevin Warsh was sworn in as the new chair of the Federal Reserve by Supreme Court Justice Clarence Thomas in a ceremony at the White House on Friday.
The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever Fed governor having been nominated at the age of 35. Trump nominated Warsh to the role in January, and he was confirmed by the Senate last week on a 54-45 vote.
Warsh steps into the top role at the nation’s central bank at a pivotal time, with inflation rising due to an energy price shock caused by the Iran war and markets viewing the prospect of interest rate cuts as increasingly unlikely in the near term.
Kevin Warsh became the 17th chair of the Federal Reserve on Friday. (Graeme Sloan/Bloomberg via Getty Images)
He replaces former Fed Chair Jerome Powell, whose term as chairman expired earlier this month. Powell has indicated he will continue to serve as a member of the Fed Board of Governors for the foreseeable future, as his term in that capacity runs until January 2028.
Powell has said that he won’t be “shadow Fed chair” and will seek to build consensus with Warsh and the other members of the Federal Open Market Committee, which sets monetary policy, when it’s possible to do so.
Kevin Warsh is succeeding Jerome Powell as head of the Federal Reserve. (Kevin Lamarque/Reuters)
WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?
Warsh’s nomination faced a delay in the Senate as Sen. Thom Tillis, R-N.C., held up the nomination over his concerns about the Justice Department’s investigation into Powell’s testimony about the Fed’s costly renovation project and the implications for central bank independence – as it occurred against the backdrop of Trump urging Powell to cut interest rates and threatening to fire him.
Tillis dropped his hold after U.S. Attorney for the District of Columbia Jeanine Pirro closed her office’s investigation, with the Fed’s inspector general, Michael Horowitz, taking it over. That allowed his nomination to proceed from the Senate Banking Committee to the Senate floor.
Senate Banking Committee Chairman Tim Scott, R-S.C., whose panel held Warsh’s confirmation hearing, said in a statement that the new Fed chair is a “serious, experienced leader” who will “help restore trust in the Fed, protect its independence, and keep it focused on stable prices and maximum employment.”
Warsh’s nomination was delayed by the Justice Department’s investigation into outgoing Chair Jerome Powell. (Elizabeth Frantz/Reuters)
President Trump said during the ceremony that “I want Kevin to be totally independent. I want him to be independent and just do a great job. Don’t look at me, don’t look at anybody. Just do your own thing and do a great job, okay?”
The president added that he thinks Warsh will “safeguard the Fed’s integrity” and will be a leader whom other Fed policymakers listen to and collaborate with.
“Thankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, that’s a good thing. We don’t have to go crazy, just let it boom,” Trump said. “We want it to be like nobody has ever had before, because we do have some debt we’d like to take care of, and the way you do that is through growth.”
“We want to stop inflation, but we don’t want to stop greatness,” the president said. “And you know as we discussed, economic growth doesn’t mean inflation… you don’t have to stop the world because you’re doing well.”
FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL’S CHAIRMANSHIP NEARS END
Kevin Warsh took the oath of office from Supreme Court Justice Clarence Thomas. (Al Drago/Bloomberg via Getty Images)
After his oath of office was administered by Supreme Court Justice Clarence Thomas, Warsh said he was grateful for the opportunity to step into the role “at a time of great consequence” and that it’s the “honor of a lifetime to be called back into public service.”
Warsh said that he intends to “fill the role of chairman with energy and purpose” as former Fed Chair Alan Greenspan did, acknowledging his predecessor recently marked his 100th birthday and that he was thinking about him as someone whose example he wishes to follow.
“Our mandate at the Fed is to promote price stability and maximum employment. When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay higher,” Warsh said. “America can be more prosperous, and no less important, America’s place in the world more secure.”
“To fulfill this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes both, escaping static frameworks and models, and upholding clear standards of integrity and performance.”
Warsh and Trump shake hands during his swearing-in ceremony at the White House. (Anna Moneymaker/Getty Images)
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“Today marks a return to an institution that I do in fact cherish. It was nearly a generation ago, at another time of great consequence, that I with some outstanding public servants at the Fed, both here in Washington and at the Reserve banks,” Warsh continued.
“My goal now is to create an environment in which the best people can do their life’s best work, and to face every challenge in the spirit of common purpose and devotion to the national interest. In a word, to excellence. These duties are now mine, Mr. President, because of the trust you have placed in me, I accept them with gratitude and will strive every day to serve our fellow citizens well,” Warsh said.
Form 144 INTERFACE INC For: 22 May
Company further developing supply chain, expanding continued US growth.
The regulator named Hemant Gupta, Rohan Gupta, Aniket Gupta, Sharon Gupta, Leana Gupta, Rajani Gupta and Purvangi Gupta in the matter. Sebi said its surveillance systems observed that certain X accounts were publishing posts which were in the nature of influencing public to invest in various scrips, especially stocks listed on SME platforms. The market regulator began examining the matter after noticing unusual trading patterns linked to the social media activity.
According to the order, Sebi conducted search and seizure operations between January 21 and January 24, 2026 after obtaining court approval. During the operation, electronic devices were seized and statements were recorded. The regulator examined trading activity between December 2023 and January 2026.
Sebi alleged that the group accumulated shares before posting recommendations on social media platforms and later sold those holdings after prices rose following retail investor participation. “The Noticees used social media platforms for disseminating stock recommendations and simultaneously traded in those securities for generating profits,” the order said. The regulator said the group largely focused on low-liquidity stocks where social media activity could sharply influence price movement and trading volumes.
According to Sebi findings, the combined gross trade value of the seven entities rose sharply during the examination period. The order noted that total gross trade value increased from Rs 548.62 crore in the earlier period to Rs 1,023.40 crore during the examination period, representing an increase of 86%. Sebi also alleged that the total squared-off profits of the entities rose from Rs 17.06 crore to Rs 58.40 crore during the same period, marking a jump of 242%. The regulator said Rohan Gupta and Sharon Gupta were among the “biggest beneficiaries in value terms”, with combined profits of around Rs 50.03 crore. The order includes multiple examples where trades were allegedly executed before stock recommendations were posted online. Sebi attached detailed trade data, timestamps of social media posts and subsequent price movements in several stocks including SME counters and low-float shares.
The regulator also expressed concern over the growing influence of unregulated stock tips and trading calls distributed through social media platforms. Retail participation in Indian equities has surged sharply over the last few years, leading to increasing regulatory scrutiny around finfluencers, Telegram channels, WhatsApp groups and social media-based stock recommendation ecosystems. The latest order comes amid Sebi broader crackdown on entities allegedly using digital platforms to manipulate stock prices or induce retail participation through misleading recommendations.
Moviegoers watch the film Ne Zha 2 at an IMAX GT Cinema on February 23, 2025 in Guiyang, Guizhou Province of China.
China News Service | China News Service | Getty Images
Wall Street is buzzing following reports that IMAX is exploring a sale.
Shares of the movie theater technology company were up roughly 14% Friday on speculation about potential buyers. A source familiar with the company told CNBC that IMAX has held “preliminary talks” through intermediaries, but no official pitches have been made by the company.
CNBC’s source spoke on the condition of anonymity due to the confidential nature of the discussions. The Wall Street Journal first reported the potential sale process.
While IMAX may not be actively pursuing a sale, CEO Rich Gelfond has left the door open for a possible buyout. In December, he told shareholders during the company’s investor day that IMAX is “an incredibly valuable player, either as a wholly differentiated publicly-traded company or as part of a larger company.”
Wall Street analysts broadly see IMAX as an attractive asset that could draw interest from a variety of businesses, from Hollywood studios and theatrical partners to fellow tech companies. Several analysts wrote that IMAX is currently undervalued.
“IMAX is a rare combination of a globally recognized premium brand, an asset-light licensing model, and a structurally expanding earnings profile,” Wedbush Senior Vice President of Equity Research Alicia Reese wrote in a research note published Friday. “IMAX is trading at a discount to what we believe the business is worth as a standalone entity, let alone as a strategic acquisition target.”
As of midday Friday, IMAX shares were trading at nearly $39 apiece for a market capitalization of roughly $2.1 billion.
“A prospective acquirer would be buying one of the most defensible moats in entertainment for what amounts to a rounding error on the balance sheet of any major studio or technology platform,” Reese wrote.
Who could buy IMAX
Reese suggested that IMAX’s most likely suitors would include private equity, Netflix, Apple and Sony.
Private equity would avoid any potential conflict issues, as there would be no competing interest for screens, she noted.
Netflix, meanwhile, does not rely on theatrical releases as part of its main programing strategy, therefore its conflict of interest would be smaller than traditional Hollywood studios. Additionally, owning IMAX would provide any filmmaker that signed on to work with Netflix the opportunity for premium theatrical runs and could act as a “powerful recruiting tool,” according to Reese.
As for Apple and Sony, both companies have strong technology businesses in addition to theatrical and streaming content. Although, Sony does not have its own streaming platform, while Apple has AppleTV.
“We would be surprised if any of the major Hollywood studios pursued an acquisition of IMAX given the competition with other studios for key IMAX release windows (and the likelihood that a studio would not want to share box office with another studio),” Eric Wold, executive director of equity research at Texas Capital Securities, wrote in a note to investors published Thursday. “By the same token, we do not believe any of the major exhibitor circuits would want another circuit to control the IMAX release slate and also share in its box office revenues.”
The potential buyer pool could be much wider, according to Mike Hickey, a Benchmark equity research analyst.
“We believe the potential buyer universe is unusually broad because IMAX operates less like a traditional theater chain and more like a premium entertainment technology platform,” he wrote in a note published Friday. “Logical strategic candidates include Sony, Apple, Amazon, Disney, Comcast/NBCUniversal, Netflix, Sphere Entertainment, and Cinépolis, alongside sovereign-backed entertainment investors.”
Why buy IMAX
Last year, IMAX generated a record $1.28 billion at the global box office, a more than 40% increase over 2024 and 13% higher than its previous record set in 2019.
Wold is projecting revenue of $448 million in 2026, higher than the $396 million the company collected in 2019. Additionally, he expects adjusted profit to reach $197 million, up from $149 million in 2019.
However, while IMAX is outperforming its 2019 metrics, its valuation has not returned to pre-pandemic levels, Wold noted. He reiterated that his price target for the company is $53 a share.
IMAX hit a 52-week high in late February, trading at $43.16 a share, but the stock has retreated following tough first-quarter comparisons to 2025, which included the record-breaking performance of China’s “Ne Zha 2.”
Additionally, the company lost Greta Gerwig’s “Narnia” film from the Thanksgiving holiday following an on-set injury that postponed production, leading to a significant gap in the calendar. IMAX has since replaced the film with David Fincher’s “The Adventures of Cliff Booth,” based on the breakout character from Quentin Tarantino’s “Once Upon a Time in Hollywood.”
The company still has Universal and Christopher Nolan’s “The Odyssey” and Warner Bros.‘ and Denis Villeneuve’s “Dune: Part Three,” due out in July and December, respectively, which are both expect to generate a significant portion of box office sales from IMAX screenings. That’s in addition to Disney’s “Toy Story 5” and “Moana,” alongside Warner Bros.’ “Supergirl,” Lionsgate’s “Hunger Games: Sunrise on the Reaping” and Universal’s “Minions & Monsters.”
“In 2027, the company has at least 10 filmed for IMAX titles, including Narnia and a good mix of core franchises (Star Wars, Superman, Batman) and other films like ‘The Thomas Crown Affair’ and ‘Miami Vice’,” wrote Steve Frankel, senior research analyst for Rosenblatt, in a note published Friday. “Beyond Hollywood, the company’s slate of local language titles continues to expand, including multiple titles Filmed for IMAX and alternative content, like live broadcasts of F1 races, continues to fill in gaps in the schedule.”
IMAX’s “filmed for IMAX” content is accelerating and expected to grow materially through 2028. Moviegoers are drawn to titles that have been filmed on IMAX cameras with the intention of being shown on the larger, more impressive screens. Previous titles include Nolan’s “Oppenheimer,” James Cameron’s and Disney’s Avatar films, as well as entries in the Marvel Cinematic Universe and from DC Studios.
But IMAX is also diversifying beyond the Hollywood landscape. Internationally, it has partnered with China, Japan and South Korea to screen local language content. In doing so, the company had reduced its dependence on any single market or single content source, Reese noted.
The company is also actively expanding. Around 160 to 175 IMAX systems are expected to be installed in 2026, with contracts to build hundreds more already in place, the company told CNBC last year.
“We continue to be believers in the IMAX story,” Frankel wrote. “The combination of the ongoing consumer shift to premium viewing experiences, the company’s growing influence with leading filmmakers and a film slate that has diversified beyond Hollywood tent poles to include local languages and alternative content, sets the stage for strong box office growth and margin expansion.”
Business
Apex Legends Down? Apex Legends Hit by Partial Outage on May 22 2026 Affecting Hundreds of Players
LOS ANGELES — Apex Legends experienced connectivity and login issues for hundreds of players on Friday, May 22, 2026, according to user reports and outage tracking sites.
The account @status_is_down posted on X: “Apex Legends is reportedly down for some gamers currently. Are you one of them?” The post linked to a community discussion thread on designtaxi.com.
Downdetector recorded elevated reports throughout the day, with game launch, server connection and matchmaking issues as the top categories. Reports were moderate compared to major historical outages but impacted players across multiple regions.
EA and Respawn Entertainment had not issued an official statement on the incident as of late afternoon May 22. The companies typically communicate via official social channels and service status pages during disruptions.
Players reported difficulties logging into the game, joining matches or maintaining stable connections. Issues appeared intermittent rather than a full global shutdown, with some users regaining access after waiting periods.
This follows previous technical hiccups for the popular battle royale title, which maintains millions of daily active players across PC, PlayStation and Xbox platforms. Apex Legends Season 23 was active during the reported outage.
Community reactions on X included frustration from players planning gaming sessions. Some users noted similar issues the previous day around the same time.
Others reported eventual success after waiting. Comments indicated that connectivity improved for many throughout the afternoon.
Apex Legends, developed by Respawn Entertainment and published by Electronic Arts, launched in 2019. It has sustained a large player base through regular seasonal updates, new legends, maps and battle pass content.
No specific cause for the May 22 issues was confirmed by EA or Respawn. Common triggers for such outages include server maintenance, technical glitches, high concurrent player loads or third-party network problems.
The game’s competitive scene, including ALGS events, was not immediately impacted. Official tournament servers often operate on separate infrastructure.
Players experiencing issues were advised to try standard troubleshooting: restarting the client, checking internet connections, verifying game files or waiting for resolution.
Apex Legends maintains dedicated service status pages through EA and Respawn. No widespread outage was officially listed, suggesting the problems were regional or resolving gradually.
The incident highlights the reliance of live-service games on stable server infrastructure. With millions of concurrent players during peak hours, even brief disruptions affect thousands worldwide.
EA and Respawn have a history of transparent communication during major outages, often providing estimated resolution times and compensation when appropriate. No such offers had been announced for this event.
Fan discussions continued on Reddit, X and official forums. Users shared error messages and login queues. The hashtag #ApexLegendsDown trended briefly.
As of late afternoon May 22, many players reported that connectivity had improved or fully returned. The situation remained fluid for some users.
Apex Legends continues to receive regular content updates, including new seasons, legends, weapons and limited-time modes. Season 23 was ongoing at the time of the disruption.
The game’s large player community often shares workarounds during outages. Developers encourage reporting technical problems through official support channels.
This partial outage was relatively minor and short-lived. Services appeared to stabilize throughout the afternoon without extended maintenance.
The event underscores ongoing challenges in maintaining global server stability for popular online games. Apex Legends has faced occasional similar issues in the past but generally maintains high uptime.
Players are advised to monitor official status pages for real-time updates. Respawn typically resolves minor connectivity problems quickly through client restarts or backend adjustments.
The May 22 reports represent another instance of intermittent service disruption for the title. The game remains one of the most played battle royale experiences worldwide.
Hyderabad-based Deepa Jewellers plans to raise funds through a combination of fresh issue and offer-for-sale.
The IPO consists of a fresh issue of shares worth up to Rs 250 crore and an offer for sale of up to 1.18 crore shares by promoters Ashish Agarwal and Seema Agarwal.
The company had filed its draft papers with Sebi in December 2025.
Incorporated in 2016, Deepa Jewellers operates as a business-to-business processor and supplier of hallmarked gold jewellery with a strong presence in southern India including Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
The company primarily focuses on processing 22-karat gold jewellery and operates through an outsourced manufacturing model supported by around 40 karigars.
Its product portfolio includes traditional South Indian jewellery categories such as vaddanam, CNC machine-cut bangles, gents kada, vanki, kangan, earrings, mangtika, maatil, braid ornaments and rings.Apart from jewellery processing, the company also undertakes job-work assignments where customers supply raw material and the company delivers finished ornaments.
Deepa Jewellers is also engaged in trading silver ornaments, gold bullion, precious stones and 18-20 karat jewellery products.
According to the company, it had a customer base of 315 clients across 13 states and one union territory as of November 2025, including jewellery retail chains and standalone jewellery stores.
The company’s business model is focused largely on wholesale distribution and processing rather than direct retail operations.
Separately, Cotec Healthcare also received Sebi approval for its IPO.
Cotec Healthcare operates as a contract development and manufacturing organisation, or CDMO, serving pharmaceutical companies across multiple therapeutic segments.
The company manufactures formulations across 24 dosage categories including injectables, tablets, capsules, ointments, syrups and infusions.
Its product portfolio spans therapeutic areas such as anaesthetics, antibiotics, cardiovascular drugs, dermatology, endocrinology, nutrition, supplements and women’s healthcare.
Cotec Healthcare operates a manufacturing facility in Roorkee spread across 21,871 square metres with installed manufacturing capacity of over 4 billion units.
The company serves domestic pharmaceutical companies and also exports products to 14 countries.
According to the company’s disclosures, it served 154 customers in FY25 compared with 177 in FY24 and 122 in FY23.
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