Lupin gets USFDA nod for generic version of Viagra tablets

Drug firm Lupin on March 25 said it has received approval from the US health regulator to market Sildenafil tablets, used in the treatment of erectile dysfunction, in the American market. The company has received the approval from the US Food and Drug Administration (USFDA) to market its product which is a generic version of […]

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Hero Motocorp touches 52-week low, sheds over 7% in 9 sessions

The Indian indices are under pressure on March 25 with Nifty trading below 11,350, while Sensex plunged over 450 points led by auto, metal, bank and pharma stocks. Hero Motocorp is among the BSE listed stocks that has touched a 52-week low of Rs 2,544.50 on March 25. In the last nine trading sessions, the […]

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Naveen Jindal expects steel demand to pick up on global cues

Jindal Steel and Power (JSPL) Chairman Naveen Jindal expects steel demand to be robust going ahead. “Steel demand is expected to be robust in coming months. Steel prices saw a correction because raw material prices costs were high,” Jindal told reporters. Jindal also said that international prices of steel would determine the outlook for coming […]

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GVK Group co to acquire 12 cr shares in Mumbai airport for Rs 924 cr

GVK Power & Infrastructure Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport (MIAL) for Rs 924 crore from ACSA Global. After completion of this 10 per cent stake buy from ACSA along with the earlier purchase of 13.5 per cent from Bidvest, GVK Group’s shareholding in […]

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Axis Bank: 4 fundamental reasons why this stock hit record high recently

Axis Bank has been moving up this year and on March 20 it hit a record high of Rs 767. The stock has rallied over 23 percent so far in the year, and the trend is likely to continue, suggest experts. HDFC Securities maintained a buy rating on the stock with a 12-month target price […]

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Fitch cuts India GDP growth forecast for FY20 to 6.8%

Fitch Ratings on Friday cut India’s economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. “While we have cut our growth forecasts for the next fiscal year (FY20, ending in March 2020) on […]

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Jubilant Life Sciences falls 6% on reports of employee trust deciding to sell stake

Shares of Jubilant Life Sciences fell 6 percent intraday on March 20 following reports that the employee welfare trust of the pharmaceutical company had decided to sell 2.2 percent stake for about Rs 268 crore through block deals. According to a report in The Times of India, the trust has mandated Citi Global Markets to […]

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Jet Airways plummets 5% after docking of 6 additional aircraft

Shares of beleaguered airline Jet Airways fell 5 percent intraday on March 20 after six aircraft were grounded on March 19. The cash strapped airline has lost 10 aircraft in the last two days taking the total number of attrition to 78 planes. “We now write to inform you that an additional six aircraft (include […]

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DLF gains 3% as co enters into JV to invest Rs 1,900 cr in Gurugram project

DLF gains 3% as co enters into JV to invest Rs 1,900 cr in Gurugram projectshares gained more than 3 percent in the morning trade on March 20 after the company said it has entered into a Joint Venture (JV) with Hines that will invest Rs 1,900 crore to develop 2.9 million square feet of […]

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Coffee Day Enterprises falls 4% on stake sale in Mindtree

Shares of Coffee Day Enterprises shed 4 percent intraday Tuesday after the company decided to sell its stake in Mindtree. Coffee Day Trading, a subsidiary of Coffee Day Enterprises, and VG Siddhartha, promoter of the company along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree to Larsen […]

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