Face NPPA fine for overcharging on anti-asthma drug
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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.
Kerry is scheduled to head to India later this month for the fourth annual US-India Strategic Dialogue.
Drug maker Cipla always fought a lone battle to make drugs affordable in India.
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.
Abbott India outperformed the Indian pharmaceutical market (IPM) with a year-on-year (YoY) growth of 23 per cent in February. The domestic market grew at a robust 20 per cent on a low base, primarily led by volume growth and price hikes. Abbott continued to outperform the sector in the anti-diabetic space with a growth of 20 per cent and key brands such as Thyronorm (hypothyroidism), biliary agent Udiliv, insulin Ryzodeg posted robust growth.
"..I m resigning as a president of AAP Punjab...but my fight against drug mafia and all kind of corruption in Punjab will continue as an "Aam Aadmi" of Punjab (sic)," Bhagwant Mann said in a tweet.
The consignment was imported by a trading company registered in Vijaywada in Andhra Pradesh.
Delhi Chief Minister and AAP National Convener Arvind Kejriwal unveiled the party's manifesto for the youth. The party, which is aiming to capture power in the state, will come out with separate manifestos for different sections of society.
The OTT glass is full again. Here's all the exciting new fare to watch over the week. Sukanya Verma offers a peek.
India said on Tuesday it was investigating US policies supporting solar panel makers, the latest move in an escalating row over renewable energy that has worsened already strained ties between the two countries.
The stock of Divis Laboratories is up 10 per cent over the last couple of trading sessions on expectations that the worst is behind and the company could see a sequential growth in the March quarter of the 2022-23 financial year (Q4FY23). The stock witnessed the highest downgrades among Nifty50 index stocks with earnings cuts over a third after the Q3FY23 results. The company had posted a 32 per cent drop in revenues over the year ago quarter in Q3FY23 and 8 per cent sequentially, which was sharply lower than Street expectations.
Torrent to buy Ranbaxy's anti-bacterial generic
Reflecting an improvement in economic ties with the US, the bilateral trade has increased to $48.71 billion during April-December of this fiscal, Parliament was informed on Friday.
While an official in the Commerce Department indicated a trade war was in the offing, till now the government has been in wait-and-watch mode.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Terrorism, trade and South China Sea dispute are expected to dominate discussions at the 13th ASEAN-India Summit likely to begin later today with Prime Minister Narendra Modi and other Southeast Asian leaders reviewing the Association of Southeast Asian Nations-India cooperation and charting out its future direction.
The intention of the government is to cap prices of drugs that are essential and which the public widely uses.
At the Leo fete, Vijay had this also to tell his fans: 'I know you all are in my heart. But today, I also know that I am also in the hearts of all of you...' A typical politician's line, did you say, asks N Sathiya Moorthy.
Cross-LoC trade between two sides of Kashmir could not resume on Thursday as no Pakistani truck arrived at the crossing point from Pakistan-occupied-Kashmir.
Aispuro, the American-born wife of the fugitive drug lord Joaqun 'El Chapo' Guzman is a former beauty queen who married the billionaire cartel boss as a teen.
The NCB also found some documents and some material, suspected to be drugs, after an over six-hour-long search onboard the ship, the official said, without divulging any further details.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
His tweet pressing the Charanjit Singh Channi-led government to change the director general of police and state's advocate general appears to indicate that he continues to remain unhappy over certain key appointments.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Thackeray, whose Maha Vikas Aghadi government fell after a rebellion in June last year by his cabinet colleague Eknath Shinde, who went on to become CM, also warned he would extract revenge for his ouster.
Besides Aryan Khan, the arrested accused are identified as Munmun Dhamecha, Arbaaz Merchant, Ismeet Singh, Mohak Jaswal, Gomit Chopra, Nupur Sarika, and Vikrant Chhokar.
In his second term in office, UP Chief Minister Yogi Adityanath has retained 34 portfolios.
The company said the drug will be made available across India through the group's strong distribution chain reaching out to government and private hospitals treating COVID-19 patients.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
"I challenge Majithia to arrest me in six months as they are in power. Else, I will arrest him after six months," the AAP national convenor said.
Custodian banks are selling dollars for their foreign fund clients.
Among other stocks, IT firm Mphasis today reported a 15.30% increase in consolidated net profit at Rs 184.72 crore for the quarter ended September 30, 2015.
Taking part in the first meeting of Foreign Ministers of the neighbouring countries on Afghanistan, Foreign Minister Wang Yi said China will provide Afghanistan with 200 million yuan ($31 million) worth of grains, winter supplies, vaccines and medicines as per its requirements, official media in Beijing reported.
Indian officials say Kashmiri militant groups may soon have enough funds from narcotics to operate independently of their former patron, Pakistan.
The Arvind Kejriwal-led AAP is trying to make inroads into BJP-ruled Gujarat where the assembly polls are due later this year.
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
Unveiling his party's "Punjab model" ahead of assembly polls, Aam Aadmi Party's national convener Arvind Kejriwal on Wednesday promised justice in sacrilege cases, jobs to youth, corruption-free governance, and asserted that people want to bring his party to power to break the friendly "partnership" between the Badals and the Congress.
