Even as most of its large-cap pharmaceutical peers have struggled to stay above water on the returns front, Zydus Lifesciences has been one of the big outperformers within the sector over the past year with a return of over 30 per cent. The gains have come on the back of multiple triggers such as the scaling up of new product launches in the US market, clearance for its Moraiya (Gujarat) facility and steady performance in the domestic market. Though it has been the top pharma gainer in the 2022-23 financial year (FY23), brokerages continue to maintain their 'buy' stance, given the strong visibility in the US market.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
Sebi penalised Shruti Vishal Vora - found guilty of leaking price sensitive information related to financial results of Wipro, Asian Paints and Mindtree, and Parthiv Dalal for similar action in case of Wipro earnings.
The return from the ETF investment will be more than the 8.75 per cent the EPFO offers to subscribers now.
Ratan Tata, Chairman Emeritus of the Tata Group, on Sunday said ace investor Rakesh Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness. Jhunjhunwala, often referred to as 'India's Warren Buffett', passed away here Sunday morning due to a cardiac arrest. He was 62. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata conglomerate.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
The Reserve Bank's of India's (RBI's) decision to increase the key short-term interest rates by 25 basis points has been termed as in-line with the street expectations by marketmen.
Kriti Sanon takes a leaf out of Ayushmann Khurrana's diary and hosts a Diwali party of her own!
One special screening isn't enough for Alia Bhatt's debut production Darlings, so the star organised another one for her friends from the industry.
Many Bollywood couples celebrated their first Karva Chauth this year.
Fund managers and analysts believe a lot would depend on the outcome of the Reserve Bank of India's rate-setting meeting on 3rd May.
Varun Dhawan and Natasha Dalal will wed at The Mansion House in Alibaug.
The accused told about their dilemma during their interrogation with the Delhi Police, however, the police say that there is a contradiction in their statements, so every angle is being investigated closely.
Kartik's enjoying Europe... Mouni beats the mid-week blues... Ananya has something to share...
Glimpses of the celebrations as the BSE Sensex on Friday crossed the 60,000 mark for the first time.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
Inflation data, both at domestic and global level, interest rate scenario in the US, geopolitical situation and general elections in 2024 are some of the major factors that would influence trading in the equity market this financial year, analysts said. Besides, foreign fund trading activity and global trends will also dictate terms in the equity market going ahead. Equity markets across the globe faced major challenges in FY23 due to concerns over high inflation, which resulted in increase in interest rates around the world, lowering investor sentiment, experts added.
The Stars emerge and Rediff.com's Contributing Photographer Pradeep Bandekar is there!
Rediff.com Contributing Photographer Pradeep Bandekar sighted these stars on Monday.
Investors want lower securities tax, tax breaks on equity investments.
While many are sweating in the current environment, Rakesh Jhunjhunwala's portfolio has done well and seen new additions.
Singh's family members, who have been staying with a relative since her death, were informed about the theft by their neighbours on Monday morning, they said.
The hour-long episodes lurch from adrenaline-pumping to yawn-inducing, observes Deepa Gahlot.
'The idea is to chart your own path, live your life authentically, not be scared to ask questions and not be scared to demand to sit at the table.' 'They may not let you sit today, but they will, if you keep demanding it.'
Oil, banks eneded the day in green while few in auto sector lost heavily.
The announcement made by Sebi chairman M Damodaran that new rules on Offshore Derivatives Instruments such as PNs have come into effect in-line with the proposals made last week has put to rest all the confusion over the whole issue and normalcy is set to return to the bourses, a broker said.
Varun Dhawan posted pictures from his haldi ceremony held over the weekend.
Virat Kohli and Anushka Sharma, who are holidaying in Gstaad, bumped into Varun Dhawan and girlfriend Natasha Dalal.
Markets crashed due to domestic worries; bluechip stocks tanked too.
'Varun looks like a regal prince in our bespoke white sherwani.'
IT company Wipro on Friday posted a 4 per cent rise in consolidated profit at Rs 3,092.5 crore in the fourth quarter ended March 2022. The company had registered a profit of Rs 2,974.1 crore in the same period a year ago. "We have had an outstanding year, finishing with USD 10.4 billion in revenues, and an industry-leading growth of 27 per cent Year-on-Year (Y-o-Y).
The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities, as the benchmark Sensex settled above 63,000-level for the first time ever. The 30-share BSE barometer climbed 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, the benchmark jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak. Extending its winning momentum to seventh day, the Sensex has rallied 1,954.81 points or 3.19 per cent during this time.
Former World No 1 Deepika Kumari, who was making a comeback after her maternity break, on Monday failed to make the Indian team for the Asian Games, World Cup and World Championships slated later this year.
Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.
India's largest listed pharmaceutical (pharma) company - Sun Pharmaceutical Industries (Sun Pharma) - is expected to maintain its outperformance vis--vis the sector's, as its multiple bets on specialty products, improving product mix, recent acquisitions, and branded business are finding favour with brokerages. While it has gained 7 per cent over the past year, the Nifty Pharma Index is down 13.6 per cent. Its outperformance over two years has been fairly evident, with the market leader gaining 66 per cent to Nifty Pharma's minus 1.4 per cent.
A glimpse of all the celebs who attended the wedding.
After sharing pictures from the haldi ceremony, Varun Dhawan has posted pictures from the mehendi ceremony.
