The WHO prequalification of the product, developed by Incepta with support from the Children’s Investment Fund Foundation (CIFF) and the Gates Foundation, breaks the single-source supply chain for DMPA-SC, enabling health systems to procure the drug at more affordable prices.
A bench comprising Justice PS Narasimha and Justice Atul S Chandurkar declined to interfere with the Delhi High Court's order, observing that it was only an interim order.
Under the multi-year agreement, Biocon Biologics will manufacture and supply insulin glargine to Civica, which will commercialize the product under its own label.
Shares of Zee Entertainment Enterprises dropped to an intraday low of Rs 105.1 per share on the NSE, down 3.85 percent.
Asian Paints shares rose nearly 6 percent intraday, emerging as the top gainer on the Nifty 50 index.
At least eight of the 40 brokerages tracking Axis Bank raised their price targets following the results.
Shares of defence firms rose on reports that the government is likely to make additional fund allocations for the defence sector.
Nifty Realty index rose over 3 percent, recovering from the previous day’s losses, as investors cheered comments from Fed Chair Jerome Powell indicating possible monetary easing.
LG Electronics India shares started trading at Rs 1,715, surging 50.43 percent from the issue price on the BSE.
As demand for quality specialist care grows in underserved urban clusters, the hospital chain plans increase the bed count from 1,061 to 2,500, CEO Ankit Thakker tells Moneycontrol
The upcoming week features key Q2 earnings from major Indian companies and important macro data like India’s inflation and WPI manufacturing figures. Also, a look at global data from the US, UK, and Euro area which can likely influence markets
Equity shares to be issued by TML Commercial Vehicles Ltd (TMLCV) will be listed on both the BSE and NSE.
Tata Communications rose over 14 percent to an intraday high of Rs 1,938.90 apiece on the NSE.
Shares of Spicejet Ltd touched an intraday high of Rs 35.59 per share on the BSE, rising 7.56 percent.
The court dismissed Roche’s plea for an injunction, citing public interest and the need for affordable access to the drug, which currently retails at over ₹600,000 per bottle under Roche’s brand name Evrysdi.
Analysts expect company to report 1.3% YoY growth in revenue and 6% YoY growth in profit
Shares of Brightcom Group gained 15.79 percent to hit an intraday high of Rs 15.11 on the NSE. The stock opened with a gain of 7.28 percent, recovering after three sessions of decline.
'Whenever the pharma industry is under pressure, those are better times for us,' says CEO Manish Gupta
The country’s largest software exporter, led by CEO K Krithivasan, will announce its second-quarter results after market hours.
Brokerage firm Investec maintained its sell rating on the stock with a target price of Rs 4,050 per share.
Nifty Metal was among the top sectoral losers, declining more than 1 percent amid profit taking in Tata Steel, Steel Authority of India, National Aluminium Company among others.
Kotak Mahindra Bank and HDFC Bank reported loan disbursal growth of 15% and 10%, respectively, for the September quarter.
Alternative investments offer new ways to grow wealth and reduce risk in a changing economic landscape.
Analysts said the Reserve Bank of India’s recent policy initiatives to boost credit growth supported sentiment in the banking space.
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