Wockhardt, in a release issued to the National Stock Exchange on Tuesday, has announced the acquisition of CP Pharmaceuticals (Holdings) along with its subsidiaries.
Tuesday's opening bell at the New York Stock Exchange will not only kick off a day of trade on Wall Street, it may also herald the end of an era at Manchester United, who are rumoured to be on the brink of announcing manager Alex Ferguson's retirement.
Following the market buzz, the stock opened the day on a bullish note and further jumped 6.13 per cent to Rs 590 on the Bombay Stock Exchange.
"We are now looking at a new fund under the gold category, which will enable small investors to subscribe to the units from the offices of UTI, without even having a demat account," said sources at UTI Mutual Fund. "With the equity markets rising by almost 30 per cent between mid-March and April, investors are no longer interested in gold ETFs. Also most Indians prefer holding physical gold, rather than gold ETFs," said a broker.
Biden stressed over "not fighting a third World War in Ukraine" but avowed sending an "unmistakable message that we will defend every inch of NATO territory".
India's top oil and gas producer ONGC on Friday reported a tripling of net profit in the June quarter as it earned record prices before the government slapped a tax on windfall profits arising from a global rally in energy rates. Oil and Natural Gas Corporation's (ONGC) standalone net profit at Rs 15,205.85 crore, or Rs 12.09 per share, in April-June, compared to Rs 4,334.75 crore, or Rs 3.45 a share, in the same period a year back, according to a stock exchange filing by the company. Sequentially, the profit was higher than the Rs 8,859.54 crore net profit of January-March.
Index heavyweights were the top losers along with bank shares.
Last month, the US Food and Drugs Administration had placed Wockhardt's facilities in Waluj near Aurangabad on import alert, barring supply of various products from these facilities to the US.
United States' biggest electronic stock exchange Nasdaq will help companies listed on it to enter the Indian bourses by issuing Indian Depository Receipts.
The board of directors of textile company S Kumars Nationwide will meet on November 9 to consider a proposal to acquire a home textiles company in the United States.
Dr Reddy's Laboratories on Wednesday said it has acquired GlaxoSmithKline's US penicillin manufacturing facility and the rights to the Augmentin and Amoxil brands in the United States for an undisclosed sum.
Asian shares ended higher after a string of positive US economic data.
The airline, part of Vijay Mallya-led UB Group, has been grounded since October 2012, after being bogged down by huge and mounting losses.
The new Diageo management had asked Vijay Mallya to step down.
Coal India, which is likely to hit the capital markets in October, "will be in the list of Fortune 500 the day it is listed on the stock exchange," the head of a government panel on public sector units said on Monday.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
China now world's second largest share market, India is 7th
When mutual funds change their unit values, investors think there is a real change. In reality, it is not.
Istanbul club Galatasaray have agreed with Shanghai Shenhua to sign striker Didier Drogba, the club said in a statement to the Istanbul Stock Exchange on Monday.
There is an unprecedented sense of jubilation among investors, as they expect a big thrust on the reforms front.
Infosys Technologies is now compliant with Section 404 of the United States' Sarbanes Oxley Act of 2002 (SOX Act) well ahead of the mandatory deadline of March 31, 2007.
Maruti Udyog on Wednesday reported a 7.1 per cent increase in domestic sales in January at 48,526 units.
So as we can see, the appreciation of the yen to 112 yens to a dollar, has led to the profit of the carry trade investor coming down drastically to 1.78 per cent.
Superstorm Sandy made landfall along the coast of Southern New Jersey on Tuesday bringing hurricane-force winds and heavy rains to a wide swath of the United States East Coast, officials said. The storm has claimed 11 lives at least.
Sandy is expected to leave a trail of destruction along its path both in terms of human and economic cost.
Wipro's scrip jumped 2.97 per cent to Rs 468.50 on the NSE.
The Supreme Court has agreed to hear on Friday a plea seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire and investigate into the Hindenburg Research report which has made a slew of allegations against the business conglomerate led by industrialist Gautam Adani.
The executive order, which was signed by Trump on Thursday, prohibits certain purchases involving publicly traded securities or any securities that are derivative of or are designed to provide investment exposure to such securities of any Communist Chinese military company.
In November last year, the Wipro board had approved the demerger of the non-IT businesses -- Wipro Consumer Care & Lighting (including furniture business), Wipro Infrastructure Engineering (hydraulics and water businesses) and Medical Diagnostic Product & Services business -- into a privately- held company to be named 'Wipro Enterprises Ltd'.
The Bombay Stock Exchange's benchmark Sensex crashed by 580 points to 15,484 at 1230 hours on Wednesday as operators succumbed to fresh selling pressure amid a rapid pullout of foreign capital as a poor manufacturing outlook for China and weaker-than-expected growth in the United States spurred fresh fears of a global slowdown.
The Prime Minister's Office came out with the denial of the rumour that Dr Singh has offered to resign.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow. This was in comparison to a net outflow of Rs 273 crore registered in the segment in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data with Association of Mutual Funds in India (Amfi) showed.
Reeling under sustained criticism, media baron Rupert Murdoch and his family on Friday went into damage-limitation mode by promising to "apologise" to the nation, and accepted the resignation of former News of the World editor Rebekah Brooks. The Murdochs and their media empire have become the focus of criticism and inquiries in Britain as well as in the United States and Australia, besides taking knocks on the stock exchange for indulging in dubious news gathering practices.
The MCX chief was in the US to clinch a deal with the NYSE that has bought 5 per cent stake in MCX.
Firms with strong cash flows not happy with 25% public shareholding rule.
The strike has been on for four days at the Nashik centre of the business process outsourcing company, which has a headcount of 23,874.
Observing a 'disturbing nexus' between officials of DSQ group, CSE, SCHIL and UTI, the Joint Parliamentary Committee on stock scam on Thursday asked various regulators to expedite probe into the matter that led to a Rs 21.40-crore loss to UTI.
Hindustan Motor's Uttarpara unit in West Bengal which was shut since April 11 due to labour unrest, reopened on Thursday following an agreement between company management and trade unions.
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