BSE Midcap and Smallcap indices ended in line with their larger counterparts and closed marginally up 0.2% and 0.4%, each
This is not just a Ranbaxy or Wockhardt problem, says K Satish Reddy
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
The move assumes significance because a go-ahead from the US Food and Drug Administration for the new unit in Visakhapatnam is likely to give a huge boost to the company's revenues in upcoming quarters.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation.
The Singapore subsidiary of the UK-based GlaxoSmithKline plans to buy 24.33 per cent stake or 2.06 crore equity shares in GlaxoSmithKline Pharmaceuticals Ltd through an open offer.
Details on prices sought as 10 generic drugs become up to 83 times costlier in 6 months
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
Experts believe market launches can now happen seamlessly and quickly if FSSAI is removed from the process.
On October 2, a legislature committee wrote letters to the 14 companies, initiating an investigation and seeking details about recent price increases in several generic products available in the American market.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
The latest price revision includes mostly cardiovascular drugs, anti-bacterials, anti-herpes, contraceptives and gastrointestinal medicines
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
Inspections only in domestic authorities' presence, visiting US drug regulator told
Even smaller companies like Torrent Pharma and Alembic file five to 10 ANDAs every year.
The Sensex ended below 28,000 for the second straight day at 27,869.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.