Indian benchmark equities hit a fresh all-time high on Friday, driven by IT stocks after heavyweight Tata Consultancy Services (TCS) surpassed revenue estimates for the June quarter.The BSE Sensex was trading over 900 points higher at 80,797. The Nifty50 was up 236 points, surpassing the 24,550 level for the first time. Shares of TCS, India’s …
Sun Pharmaceuticals Ltd., India’s largest drug manufacturer reported US business sales of $476 million for the March quarter. On a year-on-year basis, US formulation sales were up by 10.9%. However, this number was lower than the lowest estimate of analysts projecting US sales for Sun Pharma. Analysts who track Sun Pharma had projected the US …
Drug makers Dr Reddy’s Laboratories, Sun Pharma, and Aurobindo Pharma are recalling products from the US market due to manufacturing issues, according to the latest Enforcement Report by the US Food and Drug Administration (USFDA). Dr Reddy’s Laboratories is recalling nearly 20,000 cartons of a medication used to control blood phenylalanine levels in adults and …
The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
Q3 Result Preview: The favorable trend seen by Indian Pharma companies on earnings growth during the first half of FY24 may continue during the December quarter too. Two key reasons for the same are continued strong performance of Indian companies in the US markets and healthy growth momentum in the domestic arena. The US performance …
12 Dec 2023, 03:11 PM IST Sensex Today Live: Sensex at day’s low, down more than 400 points 12 Dec 2023, 03:00 PM IST Sensex Today Live: SpiceJet board approves fundraising of ₹2,250 cr through issuance of shares, warrants SpiceJet board has approved fundraising of ₹2,250 crore through issuance of shares, and warrants. 12 Dec …
Sensex Today | Share Market Live Updates: Benchmark share indices opened higher on Tuesday tracking global markets. Nifty reclaimed the 21,000 level hit earlier on Monday. They turned flat in trade on caution ahead of crucial CPI and IIP data later today. Asian stock markets saw an uptick in anticipation of important economic data from …
Following are the top ten stocks that are likely to be in news on Tuesday: Infosys: India’s second-largest IT services company on Monday said Nilanjan Roy, its chief financial officer has tendered his resignation. Jayesh Sanghrajka, a member within the company, will be taking over the role. Roy chose to resign to pursue personal ambitions …
Image Source: FILE Market Reverses Opening Gains as Sensex Falls 216 Points Equity benchmark indices witnessed a reversal of early gains and closed lower on Monday. Investors sold off telecom, power, and utility stocks amidst a bearish trend in global markets and profit booking. The 30-share BSE index, after reaching its lifetime high on Friday, …