The stock was the worst hit among the blue-chips on both BSE and NSE.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
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.
Low growth visibility and trouble with regulators have resulted in lack of interest from investors
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
The company has received the tentative approval from the US Food & Drug Administration to manufacture and market these combination tablets in strengths of 600mg/300mg/ 300mg, a statement by Aurobindo Pharma said.
Pakistan has kept trade and bus services suspended for a little over 10 days but has not publicly stated its stance.
Chinese President Xi Jinping pledged on Thursday to give Indian companies and products - especially including those made by the pharmaceutical, farming and fuel industries - greater access to Chinese markets.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
Thailand expressed interest in the Indian defence industry and its experience and expertise in the field of defence R&D and production. Modi welcomed Thai investments in India in the potential areas under the 'Make in India' initiative, especially in the manufacturing sector, infrastructure development, tourism and hospitality facilities.
The government can argue the change targets only those residing abroad but the fact remains that it does affect the kin and friends in India of non-residents.
The company's market value rose by Rs 1,684.87 crore.
A Ugandan woman, arrested for allegedly pushing three women from her country into prostitution in New Delhi, was on Friday remanded to a day's police custody by a Delhi court.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
Axis Bank was the top gainer in the Sensex pack, surging over 13 per cent, followed by ICICI Bank, IndusInd Bank, Maruti, TCS, Kotak Bank and Reliance Industries. On the other hand, Nestle India, HUL, Tech Mahindra and Sun Pharma ended in the red. NSE Nifty zoomed 273.95 points, or 3.03 per cent, to finish at 9,266.75.
With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles
Ties between India and the United States have been strained in recent years because of trade policies and patent disputes.
Varsha Bhosle salutes that effervescent icon of Indian cinema, Dev Anand.
According to BSE, the move is part of the 'surveillance review and with a view to ensure market safety and safeguard the interest of investors'.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
As the Omicron strain spreads across the globe and questions on vaccine inequity dominate discussions, scientists are still scrambling to learn more about emerging variants of the deadly virus that has claimed millions of lives and crippled economies.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
TCS is the most valued Indian company.
So far, almost every positive development in terms of the bilateral ties has been overtaken by innate hostility that is often driven by popular sentiments.
On October 2, a legislature committee wrote letters to the 14 companies, initiating an investigation and seeking details about recent price increases in several generic products available in the American market.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
Foreign Secretary Shivshankar Menon had met his Pakistani counterpart Riaz Mohd Khan in Islamabad in March this year.
The PM's visit would signal a strong intent towards making sure India becomes a beneficiary as vaccines become a massively traded commodity in the coming years.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
If the protests have cemented the ties between the peasantry and the traders, the political implications for the BJP might become too serious to be disregarded because its core base was made up of the urban Khatri merchants.
The Jamaat-ud-Dawa not only collected funds for charity and diverted it to the Lashkar-e-Tayiba, but also helped the outfit legitimise money collected through extortion, counterfeiting, smuggling and animal skin trade. Vicky Nanjappa/Rediff.com reports
Shares of Ranbaxy Lab and Sun Pharma on Tuesday gained as much as 4 per cent after the drug-makers got CCI's approval for their long-pending $4-billion merger.
Pellissery's women continue to express the beauty in our common humanity. And often, these women go so far into expressing our hopes, desires, absurdities and follies that they end up acting at variance with the ethical prescriptions of our age. And this, I believe, is precisely why they remain "invisible" to a whole bunch of viewers, says Sreehari Nair.
This acquisition marks Lupin's foray into the Japanese branded market in-line with aspirations to build business globally.
Srinagar-Muzaffarabad bus service suspended over arrest of Pakistani truck driver carrying contraband.
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As per the media report, the US Food and Drug Administration is learnt to have issued a Form 483 to the company's manufacturing facility at Mohali a few months ago after finding deviations from norms during an inspection of the plant.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
