In 2008, Daiichi Sankyo had bought the entire 34.82 per cent stake in Ranbaxy from its promoters, Malvinder Mohan Singh and family, for $4.2 billion. Currently, Singh is executive chairman of Fortis Healthcare.
The matter is now expected to be raised with the PMO.
Earning woes drag markets lower; TCS, HUL lead fall.
TCS, Infosys and Wipro were down 0.4-2% each. Capital goods majors also ended lower with L&T and BHEL down 1.4-3.9% each.
Zuckerberg leads the pack with a net worth of $47.1 billion.
Investors will maintain a cautious stance.
In March, he had said that China is responsible for the spread of the novel coronavirus and called the COVID-19 as the "Chinese Virus".
The deadly virus, which has killed over 5,000 people globally, has spread to 46 of the 50 US states.
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
Experts question Nestle's silence over Maggi controversy.
With the threat of COVID-19 pandemic continuing to loom over the world, the Ministry of Ayush has come out with a comprehensive document putting forth the concept of 'holistic health'.
Cambridge, Massachusetts-based Moderna's announcement comes just a week after Pfizer and Biontech said their COVID-19 vaccine candidate was found to be more than 90 per cent effective in preventing COVID-19 in participants.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Money managers have turned cautious about the technology space.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
Details on prices sought as 10 generic drugs become up to 83 times costlier in 6 months
Lupin will fund the buy through $100 mn cash reserves and a bridge loan.
US country head, key departmental heads leave; more likely to follow.
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
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.
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.
The test used now, called PCR (or polymerace chain reaction), uses a nasal or throat swab sample and identifies the virus. These tests take at least five hours to give results. The rapid test, on the other hand, uses a blood sample and gives results based on detecting the presence of certain antibodies that react to the coronavirus protein.
Benchmark indices finished higher on hopes of economic reforms
Trump attributed the spike in the confirmed cases of coronavirus to the large-scale testing of the deadly disease.
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%
Addressing a press briefing, health ministry Joint Secretary Lav Agarwal said currently there are no approved therapies for COVID-19 and there is not enough evidence to claim that plasma therapy can be used for treatment of the disease.
Pfizer and BioNTech said they have concluded phase 3 study of their mRNA-based COVID-19 vaccine candidate BNT162b2, meeting all primary efficacy endpoints.
Maggi noodles was recalled in June because some states had found presence of MSG and excessive lead content in the samples.
An overarching law governing public healthcare is a glaring gap in India's fight against the COVID-19 pandemic. In India it is left to individuals to quarantine themselves voluntarily. Moreover, the 123-year old The Epidemic Diseases Act, 1897, governs healthcare emergencies in India.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Samvat 2072: Auto sector could see faster recovery
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.
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.
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
Sensex,Nifty to remain under pressure through the week.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Torrent to buy Ranbaxy's anti-bacterial generic
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