Ranbaxy, which is 63.5 per cent-owned by Japan's Daiichi Sankyo Co and gets more than 40 per cent of its sales from the United States, did not immediately respond to a request on Wednesday for comment on the FDA observations.
The percentage of non-standard quality drugs in the state has been in the range of 2-2.5% as compared to an all-India average of 5-6%
Expectations of strong results, consistent performance and investors preference for stocks in the defensive space help the sector outshine broader markets.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Benchmark indices finished higher on hopes of economic reforms
In the last one week several companies have had to face the hurdle of making a distinction between what's essential and what's not. To help them the government has now clarified that grocery would include hygiene products such as hand wash, soaps, disinfectants, body wash, shampoo, surface cleaners, detergents, tissue paper, toothpaste, oral care, sanitary pads, diapers, chargers and battery cells, etc.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Maggi noodles was recalled in June because some states had found presence of MSG and excessive lead content in the samples.
Samvat 2072: Auto sector could see faster recovery
A recent survey revealed that 46 percent of girls and 30 percent of boys in the US, most of who are in their teens smoke to control their weight.
Over 3,66,000 Americans have tested positive for the deadly coronavirus.
Singh brothers might be stopped by 'fit & proper' hurdle due to US drug norm violations; firm says confident of qualifying.
Nestle now has less than two weeks to convince the regulator why product approval for its noodles should not be withdrawn
Torrent to buy Ranbaxy's anti-bacterial generic
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
In the longest losing streak of 2017, the BSE Sensex has lost 1,270 points, or 3.91 per cent. It fell to a three-month low of 31,154.03 on Wednesday.
Sensex,Nifty to remain under pressure through the week.
Nestle refused to regret the mistake in a public statement.
In 2013, Daiichi had launched the arbitration proceedings in Singapore.
Jammu and Kashmir MLA Ramesh Arora wants momos banned, but are they really unhygienic and harmful?
Apart from Maggi noodles, many other products can be tested for health issues.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
The complaint is against Nestle's 'unfair trade practices'.
The winter session of Parliament will commence on November 26.
Analysts say those taking exposure through stocks could look at firms focused on domestic business
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
'Indian doctors have also been wary of patients learning about drugs and brand names.' 'Probably harking back to the Brahmanical tradition of preserving information and knowledge from getting polluted by the lower classes,' says Ambi Parameswaran.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
FIIs are looking at the long-term story and initiatives of Indian pharma companies to transform themselves into global entities.
IT and IT-enabled services will be allowed to operate with essential minimum staff only while the rest would work from home.
Ranbaxy did its maiden public issue in 1973.
From scanning hospital entrants to disinfecting hospital areas and floors, robots are being roped in for tasks considered high-risk, says Peerzada Abrar.
The 30-share Sensex ended down 224 points at 28,442 and the 50-share Nifty ended down 101 points at 8,606.
'... And I don't think it really is that despite a lot going wrong.' 'Naiveté or stupidity or trusting the wrong person, the outcome is the same, which is that the group has gone to trash.' 'I'm not OK with people saying I had a role to play in crooking the system, which is not what I did.'
Have conviction in your bets and use stop-loss as a defence mechanism to curtail losses.
This is perhaps for the first time the CBI raided a serving police chief of a state.
Dr Reddy's gets warning from US health regulator
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