FDA's June 18 alert revealed falsified data by Synapse Labs affecting generics like Umedica's Viagra. Europe had earlier warned. Insurers might change coverage. Both Massoud Motamed and Erin Fox highlight ingredient risks. Due to confidentiality, FDA hasn't disclosed all affected drugs, suspended sales, or done significant public outreach. Identified generics include Lupin's Lipitor and Aurobindo's risendronate.
India pacer Avesh Khan had special praise in store for his fellow spinner Ravi Bishnoi, whose moment of magic in the field became one of the highlights of India's win in the 3rd T20I against Zimbabwe.
Union Minister Hardeep Singh Puri announced India offers an investment opportunity of at least 100 billion by 2030 in energy exploration and production. He highlighted the potential of India's 26 sedimentary basins, stating that despite progress, much of the potential remains untapped. Puri also mentioned that only 10% of India's sedimentary basins are currently under exploration, but this will increase to 16% by 2024.
Glitches on e-filing ITR portal: It's important to keep in mind that if you wait until closer to the deadline to file, you may experience technical difficulties on the e-filing portal and encounter other issues. Therefore, it's advisable to complete your filing well before the due date to avoid potential problems.
The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 235.7.
INLD and BSP, led by Abhay Singh Chautala and Mayawati, have formed an alliance for the Haryana Assembly polls. Seat-sharing talks are ongoing. Chautala lost the Kurukshetra seat. An earlier alliance ended in February 2019 after conflicts led to the formation of JJP by Ajay Singh Chautala and Dushyant. BSP contested nine parliamentary seats. Announcement on July 11.
When multiple mutual fund schemes invest in a specific stock, it typically boosts investor confidence in that stock. As of June 2024, over 100 mutual fund schemes held stakes in 150 stocks.
Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.47 per cent and 19.82 per cent, respectively.
PUMA India has collaborated with IOA as the official footwear partner for the Indian contingent at Paris Olympics 2024. Over 100 athletes to receive specialized products for training and comfort. Campaign 'See the Game Like We Do' celebrates Indian athletes' achievements with impressive outdoor displays.
As of 31-Mar-2024, promoters held 23.41 per cent stake in the company, while FIIs held 53.9 per cent and domestic institutional investors had 10.8 per cent.
A short buildup occurs when there is an increase in open interest and trading volumes alongside a decline in the price of the underlying stock in the Futures and Options segment.
The stock quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.
Raymond's lifestyle business demerger process begins with shareholders receiving new equity shares. The company's stock price rises by nearly 5% on the BSE. Restructuring aims to streamline group structure.
Housing sales in India's top markets dip by 6% in Q2 2024, except for Bengaluru and Delhi-NCR. Anticipation of a pro-investment budget post-election impacts buyer decisions. New supply decreases slightly by 1%. MMR, Pune, and Bengaluru dominate both sales and new launches. Thane West, Panvel, and Dombivali emerge as top localities for sales and launches.
The flood situation in Nagaon, Assam, remains severe with 84 lives lost state-wide. Rita Sahani and many others are displaced, living in makeshift tents on embankments. They face challenges accessing food and work due to ongoing rainfall and flooding. Nearly 14.39 lakh people are affected, with 79,000 in Nagaon alone.
The Delhi High Court set a hearing for September 9 on Chief Minister Arvind Kejriwal's petition challenging summonses from the Enforcement Directorate in a money laundering case. The court granted the CM four more weeks to respond. Kejriwal's counsel requested additional time citing changes in circumstances and lack of a proper legal interview. The petition questions the constitutional validity of certain provisions of the Prevention of Money Laundering Act, alleging bias in the electoral process.
A total of 18,004 shares changed hands on the counter till time (IST).
Rajesh Gupta, founder of Recyclekaro, discusses India's reliance on imported battery cells for EVs due to a lack of domestic mineral reserves. Recyclekaro focuses on recycling retired batteries to extract critical metals like cobalt and lithium, supporting India's decarbonisation goals. Gupta hopes the Budget 2024 will include subsidies for the sale of recycled materials to boost sustainability efforts in the sector.
So, more medium term, that is how we think about it and it does provide some kind of a support, say for example, this year in the first four-five months we saw foreign outflows, but yet the market has continued to see a nice move up.
China's central bank unveiled a new cash management tool through temporary bond repo agreements and reverse repos, expanding its monetary policy framework. Market participants see these as crucial steps by the People's Bank of China (PBOC). The move aims to establish a new interest rate benchmark and manage risks amid a bond rally and yuan weakness.
The Nifty Top 10 Equal Weight Index is a new addition by NSE, tracking the top 10 stocks from Nifty 50 with equal weights. While it may be a benchmark for asset managers, retail investors may find better diversification with existing options.
India is home to a number of holy pilgrimages. Many among these are situated in the high and rugged terrains of mountains. Here is a list.
A total of 4,356 shares changed hands on the counter till 11:57AM (IST).
The flood situation in Assam remains critical with over 14 lakh people affected across 25 districts. Relief efforts ongoing in 365 camps as essential supplies are distributed. Infrastructure damage reported in multiple districts. Rivers like Brahmaputra and Barak flowing above danger levels, posing risks. Livestock also impacted by the floods.
