Japanese drug major Daiichi Sankyo on Saturday deferred its proposed open offer to acquire an additional 20 per cent stake in Ranbaxy Laboratories, citing a delay in approvals from market regulator Securities & Exchange Board of India.
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
The four minority domestic investors of Sony Entertainment Television (SET) India, the Indian arm of the Japanese major, have taken the company to court over disagreements concerning demands on them for more capital.
While Google has market capitalisation of almost $753 billion and Facebook commands one of $515 billion, it is the wealth of user data they have that one fears
Rupee ends day at 61.91 against the US dollar.
The company sold over 21 crore (210 million) shares in Sun Pharma.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
Japanese auto major announced top level management changes in its Indian arm with Sandeep Singh, Deputy Managing Director slated to move for a new role in its Asia Pacific operations.
Daiichi-Sankyo's $5.3 billion acquisition of India's biggest drugmaker will help the Japanese company compete in the US markets with rivals such as Mylan and Israel-based Teva Pharmaceuticals and climb to become the world's 15th largest pharmaceutical company. Thus it is an important move on the part of an original drug research company to attach generic business portfolio," noted Ranjit Shahani, the vice-chairman and managing director of Novartis India.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
Even the persistent rise in equity market failed to restrict the rupee's fall.
While 22 per cent of the promoters' stake in Ranbaxy was sold through an off-market transaction, the remaining came from a preferential share allotment. Daiichi Sankyo had earlier picked up more than 20 per cent of Ranbaxy's shares through an open offer. Ranbaxy Chairman and Managing Director Malvinder Mohan Singh said the remaining 12-13 per cent promoter shareholding will change hands in the coming weeks, thereby taking Daiichi's share in Ranbaxy to over 60 per cent.
The rupee had ended almost flat at 61.41 against the Greenback in the previous session on Wednesday on alternate bouts of buying and selling.
The onshore yuan trading band is tightly controlled.
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
Nissan Motor Company, the Japanese automobile giant, has entered the Indian market with its first offering, the Nissan X-Trail. The SUV has been priced between Rs 19.80 lakh.
Trump abruptly rejected the text of the consensus statement and bitterly insulted Canadian PM Trudeau.
Increased demand for the American unit from importers and banks, affecting the value of the rupee
Fresh selling of dollars by banks and exporters on the back of good foreign capital inflows helped the rupee
The rupee snapped its two-day winning run against the dollar.
Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors, a C K Birla Group company. The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero. The company had earlier considered the option of importing Outlander as a fully-built unit for the Indian market.
High-end mid-sized sedans, comfy SUVs and entry-level luxury models steal their show.
The company, which has been negotiating contract manufacturing deal for its A-Star model with Nissan, also expects to start exports for the Japanese car maker by around February-March next year. The company, which has been negotiating contract manufacturing deal for its A-Star model with Nissan, also expects to start exports for the Japanese car maker by around February-March next year.
The dollar index was down 0.01 per cent at 95.86 against a basket of six currencies in early trade
The rupee is expected to become more jittery and choppy in the near-term
Eighty-eight per cent of Indian consumers are prepared to pay more for goods that are environment friendly against 82 per cent in China and 68 per cent in Japan, according to a study of consumers in India, China and Japan. Findings are part of a 10-market global study by international communication firm Edelman.
The rupee recovered by three paise to close at 67.65 on fresh selling of dollars by banks and exporters amidst a recovery in equities.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
This is the highest closing level since May 11, 2016 when the rupee had finished at 66.56
'In the process, I hope that our Earth will be able to heal some more.'
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
Japanese two-wheeler firm Yamaha today said it will introduce a new version of its super-bike YZF-R1 in the country next year, and a range of other models and variants from its stable to strengthen its position in India.
The rupee ended marginally higher by two paise at 62.24 against the dollar on Wednesday.
Dealers attributed the rupee's fall to fresh demand for the US currency from importers
There could be some significant changes in motorcycles over the next few years says Shobhana Subramanian.
Barcelona have been very active in the transfer market in recent years, completing three of the top six most expensive transfers ever.
Month-end dollar demand affected the rupee
