Thursday, December 26, 2024 | 12:04 PM ISTEN Hindi

Sensex falls 149 pts; SmallCap index sheds 2% amid tepid global cues

Closing Bell: Hindalco, UPL, Sun Pharma, Adani Ports, Divis Labs, and TCS were the top drags, down up to 3.45 per cent

SI Reporter New Delhi

Photo credit: Kamlesh Pednekar

8:56 AM

NEWS ALERT :: Binnopharm Group enters into agreement to acquire two anti-bacterial brands from Dr Reddy’s

>> Through its affiliate Joint Stock Company, Alium, Binnopharm Group will acquire the two anti-bacterial brands Ciprolet® and Levolet® in Russia, Belarus and Uzbekistan to strengthen its antibiotic portfolio

>> For Dr. Reddy's, this divestment of brands from its non-core areas will allow the company to focus its resources and capabilities on its key therapy spaces of gastroenterology, pain management, cold and flu, allergy, oncology, neurology, paediatrics and women’s health as the Russia and CIS region continues to be a strong performer for the company.

Source: BSE filing

8:54 AM

NEWS ALERT :: Strides Pharma gets US FDA approval for Amantadine Hydrochloride Softgel Capsules

>> Strides Pharma Science Limited's step-down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, has received approval for Amantadine Hydrochloride Softgel Capsules USP,100 mg from the USFDA

>> The company also has approval for Amantadine Hydrochloride tablets and the combined market size of Tablets and Capsules together is approximately US$ 21 Mn as per IQVIA MAT December 2021 data.

8:49 AM

NSE in firefighting mode to minimise reputational harm after Sebi's order

According to sources, the exchange’s management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. READ MORE

8:46 AM

In focus :: Biden and Putin agree to meet 'in principle' over Ukraine as tensions grow

The office of French President Emmanuel Macron said in a statement on Monday he had pitched both leaders on a summit over "security and strategic stability in Europe." The White House said in a statement that Biden had accepted the meeting "in principle" but only "if an invasion hasn't happened." "We are always ready for diplomacy," White House Press Secretary Jen Psaki said. READ MORE

8:40 AM

Top stocks to track today

Sterlite Technologies: The digital networks integrator expects about 20 per cent growth in business across key markets of the US, Europe and India in FY23 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal said.

Puravankara: The company's sales bookings rose 17 per cent YoY to Rs 666 crore in the quarter ended December 2021 on the back of higher volumes as well as per square feet price realisation. The company sold 690 units in the quarter under review as against 661 units in the corresponding period of the previous year. READ MORE