Tag Archives: 2

Market Live: Sensex gives up gains, Nifty around 11,000; Nifty pharma down 2%

2:55 pm WiFi Budget: Finance Minister Arun Jaitley has allocated Rs 10,000 crores in 2018-19 for phase two of BharatNet, the government’s ambitious scheme to connect the country’s villages with high-speed optical fibre network. Not part of phase I, the government now also aims to install 500,000 WiFi hotspots to provide broadband access to 50 million rural citizens. India Union Budget ... Read More »

With just Rs 2,410 in bank account, country’s poorest CM Manik Sarkar turns even poorer after 4 terms

Tripura Chief Minister Manik Sarkar Tripura Chief Minister Manik Sarkar continues to remain the poorest serving chief minister in the country with a paltry sum of Rs 1520 cash in hand. On Monday, the veteran communist leader made his personal financial details public while filing nomination papers from the Dhanpur constituency for the upcoming assembly polls in the state. As ... Read More »

Zydus Cadila Gets US Regulator’s Nod For Drug, Shares Jump 2%

New Delhi: Zydus Cadila has received approval from the US Food and Drug Administration (USFDA) to market aspirin and extended release dipyridamole capsules, used to prevent excessive blood clotting and reduce the risk of strokes. After the announcement, shares of the company’s listed entity Cadila Healthcare rose by over two per cent to Rs. 510 apiece on the Bombay Stock ... Read More »

Brace for volatility in F&O week; 5 stocks which can give up to 14% return in 2 months

Indian market witnessed a volatility week as benchmark indices closed marginally higher but over their crucial support levels. The Nifty50 closed 0.29 percent higher at 9,915 and the S&P BSE Sensex ended above 32,000 for the week ended 21 July. The Nifty50 index is trading at its all-time high and the recent up move in the index has not been ... Read More »

Market Live: Nifty above 9600, Sensex extends gain; M&M up 2%

11:45 am Management at banks: Banks Board Bureau (BBB) has recommended to the government names of 15 general managers of various public sector banks for appointment as executive directors. Sources said the recommendations were made by BBB Chairman Vinod Rai and other members of the bureau. The list would be sent to the Department of Financial Services to get Appointments Committee ... Read More »

Market Live: Sensex, Nifty extend gains from opening session, HCL Tech down 2%

Moneycontrol News 11:30 am Buzzing Stock: Shares of JHS Svendgaard Labs were higher by 5 percent intraday as investors cheered the conversion of warrants. The company on Tuesday converted 4,40,000 Warrants allotted on January 5, 2016 and January 8, 2016, into equivalent number of Equity Shares of face value of Rs. 10/- each, at an Issue Price of Rs. 11./- ... Read More »

Stocks Fade, But Facebook Soars; Why These 2 Medicals Are Up Big

The stock market was modestly lower heading into Friday’s close, with small caps taking a beating following a heavy slate of earnings reports. The Nasdaq composite fell fractionally as some of its major components such as Amazon.com (AMZN) and Alphabet (GOOGL) enjoyed post-earnings rallies while others fell on disappointing results. Amazon was well off its Friday intraday high, but still above ... Read More »

2008 Ranbaxy stake sale: Singh brothers asked to pay Rs 2,562 cr to Daiichi Sankyo

A Singapore arbitration tribunal has asked former promoters of Ranbaxy Laboratories, Malvinder and Shivinder Mohan Singh, to pay damages of Rs 2,562.78 crore to Daiichi Sankyo for concealing and misrepresenting information during the sale of their stake in 2008 to the Japanese firm. Daiichi Sankyo, which finally exited the company in April 2014 by selling it to Sun Pharmaceutical Industries, ... Read More »