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BSE Sensex sheds 103 pts on profit booking; Fed meet eyed
Jun 18, 2013 at 20:22 | Source: DomainB
Equity benchmarks shed more than 0.5 percent Tuesday amid volatility on profit booking and further depreciation in rupee. Investors seemed anxious ahead of the two-day Federal Reserve's policy meeting that will begin tonight. BSE Sensex fell by 102....
BSE Sensex gains nearly 150 points; M&M surges
Jun 18, 2013 at 02:00 | Source: FirstPost
MUMBAI (Reuters) - The BSE Sensex rose for a second straight session on Monday, as Mahindra & Mahindra rallied after it sealed a share-swapping deal with Spain's CIE Automotive, while lenders gained on value-buying even after the RBI kept rates o...
USFDA gives Orchid Chemplant clean chit
Jun 18, 2013 at 01:07 | Source: The Hindu BusinessLine
Chennai, June 17: Orchid Chemicals and Pharmaceuticals Ltd has informed the BSE that its oral formulations facility at Irungattukottai near Chennai was “successfully” inspected and accepted by the USFDA “without any observations.&#...
Sensex shrugs off RBI policy; rallies 148 ahead of Fed meet
Jun 17, 2013 at 23:27 | Source: DomainB
Equity benchmarks gained momentum in late trade Monday ahead Federal Reserve's meeting, ignoring RBI's status quo credit policy . BSE Sensex rose 147.94 points or 0.77 percent to close at 19325.87, and NSE Nifty gained 43.10 points or 0.74 percent a...
Orchid to seal deal with Hospira by month-end, says CMD
Jun 08, 2013 at 13:32 | Source: The Hindu BusinessLine
Chennai, June 7: Last year was a tough one for Orchid Chemicals and Pharmaceuticals. Apart from a huge debt and lower earnings, Orchid’s deal with Hospira (the company sold its penem and penicillin business to the American pharma major for $20...
Finance ministry asked not to clear pharma FDI proposals
Jun 03, 2013 at 08:51 | Source: Economic Times
NEW DELHI: The commerce ministry's nodal agency for foreign direct investment policy has sent a formal communication to the finance ministry asking it not to clear FDI proposals in pharmaceutical sector after the Foreign Investment Promotion Board b...
FDA raises concerns at Hospira facility in Tamil Nadu
May 31, 2013 at 05:00 | Source: FirstPost
REUTERS - Hospira Inc(HSP.N) said it received a warning letter from the U.S. Food and Drug Administration raising concerns about contamination of drugs manufactured at its facility in India.The letter followed an October inspection of the facility in...
FDI in pharma has resulted more in mergers and buys, says panel
May 21, 2013 at 21:07 | Source: The Hindu BusinessLine
New Delhi, May 21: The Commerce Standing Committee of Parliament has expressed concern at the way the foreign direct investment (FDI) in pharmaceutical sector operates. Asking the Government to regulate brownfield FDI in the pharma sector, the commi...
DIPP wants relook of FDI policy in pharma at PM level
May 19, 2013 at 14:52 | Source: The Hindu BusinessLine
New Delhi, May 19: With no let up in multinationals seeking nod to acquire stake in Indian pharma firms despite government putting norms to check it, DIPP has raised concerns stating the FDI policy in the sector needs a relook again at the Prime Min...
Orchid Chemicals posts Rs 132-cr loss in Q4
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
Chennai, May 16: Orchid Chemicals Pharmaceuticals has posted a loss of Rs 132.27 crore for the fourth quarter of 2012-13, compared to a net profit of Rs 20.55 crore during the previous corresponding quarter. Revenue for the quarter dipped 45 per cen...
BSE Sensex closes slightly up; bulls pause for a breather
May 17, 2013 at 13:47 | Source: DomainB
Shares crawled higher Thursday, as investors trade cautiously with benchmark indices quoting at their highest levels in nearly two-and-a-half years. Buyers shifted attention to mid-cap shares, as these are now beginning to look attractive relative t...
‘Stop “mass approval” for FDI in Indian drug companies’
May 13, 2013 at 22:21 | Source: The Hindu BusinessLine
New Delhi, May 13: Unhappy with the “mass approval” given by the Foreign Investment Promotion Board (FIPB) for foreign investments in existing Indian pharmaceutical companies, the Department of Industrial Policy and Promotion has decided...
FDI in pharma sector faces fresh headwinds with DIPP
May 13, 2013 at 05:40 | Source: Economic Times
NEW DELHI: Foreign direct investment in the pharmaceutical sector faces fresh headwinds with the department of industrial policy and promotion (DIPP) seeking a review of the policy barely months after it was cleared at the intervention of the prime ...
Orchid Chem out-licenses molecule to German firm
Apr 19, 2013 at 10:25 | Source: DNA India
Orchid Chemicals and Pharmaceuticals Ltd has entered into a strategic partnership with Germany-based Allecra Therapeutics Inc for developing its new antibiotic molecule for multi-drug resistant bacterial infections, the Indian drug maker said. Orchi...
Orchid Chemicals inks antibiotics development pact with Europe's Allecra Therapeutics
Apr 18, 2013 at 19:37 | Source: DomainB
Orchid Chemicals Pharmaceuticals today entered into a strategic pact with European biopharmaceutical company Allecra Therapeutics to develop novel antibiotics to combat multi-drug resistant bacterial infections. Allecra was formed in 2013 in France ...
Sensex extends losing streak; bears target midcaps
Mar 22, 2013 at 23:32 | Source: DomainB
Key indices fell sixth day in a row Friday, shedding roughly 4 percent on a week-on-week. The mood in global markets has become edgy after the developments in Cyprus earlier this week, and back home foreign fund flows have slowed down considerably t...
Roaring close: Sensex soars 270 pts, Nifty shy of 5950
Mar 09, 2013 at 00:47 | Source: DomainB
As the market closed for the week, investors returned home with big gains on Friday. It was a massive rally on the Dalal Street with a steady swift upmove. The Sensex soared 269.69 points or 1.39% at 19683.23 while the Nifty closed at 5945.70 up 82....
Sensex closes up 160 pts, Nifty surges 2.9% in 3 days
Mar 07, 2013 at 22:42 | Source: DomainB
The market began to surge only at the last trading hour of the day. The ferocious pullback was supported by fresh buying seen in some stocks. The Sensex surged 160.93 points to close at 19413.54 while the Nifty ended at 5863.30, up 44.70 points. The...
Mainstay gone, strides in for a rough ride
Mar 07, 2013 at 10:07 | Source: Economic Times
The sale of its sterile injectables business to US-based Mylan for close to Rs9,000 crore is no doubt a booster for Bangalore-based drug maker Strides Arcolab. Then, it also raises questions about the potential use of the sale proceeds and the strate...
Sensex under pressure; mid-caps, small-caps bleed
Mar 04, 2013 at 15:57 | Source: Economic Times
MUMBAI: The Sensex was on Monday witnessing profit booking, in line with other Asian peers, as risk-off trade was back in the market. However, sell-off continued in the broader markets and both midcap and small cap stocks extended losses. The BSE Sm...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
