Shares of Ranbaxy Laboratories on Thursday fell 7.67 per cent on the Bombay Stock Exchange to Rs 552.25 at close, after top investment banks like JP Morgan and CLSA said the out-of-court settlement with Pfizer over cholesterol pill Lipitor announced on Wednesday would delay the launch of the drug in the US by well over a year.
FIIs pump in $1.4 billion in March, after pulling out $2.9 billion in Jan-Feb.
While Vodafone will hold 45.1% of the shares in the new entity, to be renamed at a later stage, Kumar Mangalam Birla and other promoters of Idea group will hold 26%. Vodafone India will also transfer 4.9% of its shareholding to Idea's promoters for a cash consideration of Rs 38.74 lakh crores.
Transcript of the weekly market chat with Pranav Sanghavi.
The IT industry has grown spectacularly in the past decade -- at least the export segment. The industry is at that critical inflection point where its multiplicative impact will start becoming visible and tangible.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Rising rupee and wage inflation may hit topline by four per cent.
With inflation down, the government's twin deficits are largely under control.
Check out some of the stocks that will react on the basis of their numbers in the near term.
The Hinduja group controlled, IndusInd Bank, plans to raise around Rs 140 crore (Rs 1.4 billion) through global depository receipts by March-end.
Rising oil prices, sharp slowdown in mutual fund inflows and steep valuations remain the key risks for Indian investors going ahead.
Jim Walker of CLSA believes that the sub-prime mortgage markets will impact the US credit system. In his view, global equity markets will factor in more risks.
The price of gold in India seems to have bottomed out.
PharmEasy, 1mg and Netmeds believe that their disruptive capabilities will power their brands despite the recent court ruling. The Drug Controller General of India recently directed all state FDAs to stop the online sale of medicines as per a Delhi high court order of last year.
The study predicts that the Sensex companies are expected to show marginal 6 per cent growth in profit, while the growth for the oil companies is likely to be higher at 23.4 per cent.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
Analysts are eyeing bigger launches that will positively impact company's fortunes.
Given the relevance of bank deposits for Indian savers, whether the regulator would permit linking savings interest rate to a repo-like structure needs to be seen, as a move of this nature could increase volatility in savings also.
Mutual funds have invested nearly Rs 94,500 crore in equities thus far in CY17, compared to Rs 32,000 crore in the year ago period, at a time when foreign investors have turned net sellers of India since August.
Asian firms with better corporate governance practices outperformed domestic equity market benchmarks by an average of 35 percentage points in the past five years, a report by CLSA Emerging Markets said on Monday.
The surge in oil prices has also affected the rupee, which hit a 6-week low of 70.25 on Friday against the dollar.
Actis has sold off its five per cent stake in UTI Bank to foreign institutional investors for Rs 130 per share.
Around 250 financial market players will participate in a closed door meeting with Narendra Modi on February 27.
The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
Analysts expect RIL to report consolidated revenue of Rs 1.40 trillion and 10 analysts expect RIL's net income to be Rs 9,629 crore
With GST, demonetisaton and the banking sector reset, investment banker Christopher Wood expects PM to focus on generating jobs ahead of the 2019 election.
The 'Indian story' will be badly damaged if the Modi government is not re-elected, argues investment banker Christopher Wood.
In markets such as Mumbai, prices have gone beyond Rs 1.5 cr to Rs 2 cr which is beyond reach of most of the salaried class
Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
Anglo-Dutch parent's stake in Indian subsidiary rises from 52.5% to 67.3%.
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
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