(PTI) -Zydus Lifesciences on Saturday said it has inked a pact with Perfect Day Inc to acquire 50 per cent stake in Sterling Biotech. As part of the deal, Perfect Day Inc, a Temasek portfolio company, will sell its 50 per cent shareholding in Sterling Biotech for an undisclosed amount. Post the transaction, Sterling Biotech …
Indian stock market: The frontline indices—the Sensex and the Nifty 50—marginally lower on Tuesday, July 23. The Indian stock market benchmarks dropped nearly 2 per cent during the session in response to Finance Minister Nirmala Sitharaman’s budget announcement of increases in the Security Transactions Tax (STT), long-term capital gains tax (LTCG), and short-term capital gains …
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 …
NEW DELHI :Zydus Lifesciences Ltd on Tuesday reported 53.2 per cent rise in consolidated net profit at ₹800.7 crore for the second quarter ended September 30, 2023, driven by stable growth across its key businesses. The company had posted a net profit of ₹522.5 crore for the same period last fiscal, Zydus Lifesciences said in …