Ranbaxy suspends shipments from 2 plants; shares down over 2%

Shares of Ranbaxy Ltd on Tuesday fell over 2 per cent on the bourses after the company said it has suspended shipments of all pharmaceutical ingredients from its Tonsa and Dewas plants. "This......

Pharma stocks could rise another 15-20%

The pharmaceutical sector has been one of the highest sectoral gainers in recent weeks, with six of the top 10 stocks by market capitalisation touching their all-time highs in July. Expectations......

Ranbaxy stock nosedives 20% on USFDA restrictions

Shares of Ranbaxy Laboratories on Friday slumped as much as 20 per cent in the morning trade after the USFDA prohibited the company from producing and distributing drugs for the American market......

'Sad to see a good CEO like Sikka step down'

'The move is a succession plan where Sikka comes on the board as vice chairman.' Former Nasscom chairman BVR Mohan Reddy said on Friday that it was very "sad" to see a "good CEO" like Vishal Sikka......