An insider said that over the past decade or so Cipla has become immune to the exits of leaders. There have been no directional change in the long-term strategies.
US District Judge Beryl Howell in Minneapolis denied Ranbaxy's request, the court filing showed.
The Sensex opened with a positive gap of 20 points at 10,133.
After exhibiting high volatility in early trades, the Sensex closed with a marginal loss of 22 points at 9,849.
Late selling in the market saw the Sensex close seven points lower at 9,374.
The Sensex opened marginally (six points) higher at 5,657. Weakness in Infosys and Dr.Reddy's in early morning deals pulled down the index to an intra-day low of 5,623.\n\n
Being a successful investor is all about making the most prudent investment decisions, even if they are dull and boring.
The recent recalls come amid increased FDA scrutiny of medicines produced in India.
A key lesson for the pharmaceutical sector in this case is to not downplay the significant impact that regulatory non-compliance can have on operations.
Markets closed in the red on domestic worries.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
The Sensex opened on a positive note at 7,556 and soon gathered momentum to rise above the 7,600-mark.
Indian drugmaker Dr Reddy's Laboratories hopes to launch two-to-three generic products in the United States this year in a bid to increase its share of a lucrative market, its chief executive said.
Indian drugmakers' domestic sales of ready-to-take medicines in January-March could be lower than expected as distributors suspended stocking in anticipation of a new value-added tax system coming into force, analysts and industry members said.\n\n\n\n
Indian equity markets registered their highest single-day percentage gains since early October.
The markets displayed volatility with the Sensex clocking a high of 6,587 and a low of 6,509.
The Sensex rallied to a new high of 10,238, and finally closed with a gain of 56 points at 10,224.
The Sensex touched a new all-time intra-day high at 10,196, and finally closed with a smart gain of 89 points at 10,168.\n
Heavy selling pressure towards the end saw the Sensex slide to a low of 9714, and closed with a loss of 101 points at 9743.
The Sensex, which, scaled to a new lifetime intra-day high of 9994, tumbled into negative zone to touch a low of 9819, and finally closing with a loss of 61 points at 9,859.
After scaling to a new all-time high of 9714, the Sensex finally closed with a gain of 136 points at 9,686.
The Sensex closed with a huge loss of 1.4% (138 points) at 9,445 owing to profit taking.
The Sensex is holding on to its gains on steady gains in techs, PSUs and heavyweights, and is now up 32 points
The Sensex opened with a positive gap of 11 points at 8,084, and dropped to a low of 8,050 in early deals.
The BSE Sensex opened with a positive gap of 10 points at 5,179. Fresh buying in the markets led the index spurt to a high of 5,204. The index is now at 5,195, up 26 points. The Nifty is up 7 points at 1,634.
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
