The Indian stock market has had a difficult few months. The NSE Nifty 50 Index declined for 10 straight days recently—an unusually sustained dip. Policymakers in New Delhi tend to maintain a lordly indifference to turbulence in equities. But, on this occasion, they need to pay closer attention. America’s whipsawing tariff policies might have unsettled…
Sun Pharmaceutical Industries Ltd. has announced the acquisition of Nasdaq-listed Checkpoint Therapeutics, Inc., an immunotherapy and targeted oncology company, in a $355 million cash deal. The acquisition will bolster Sun Pharma’s onco-dermatology portfolio, adding Checkpoint’s recently FDA-approved cancer drug, UNLOXCYT (cosibelimab-ipdl), to its pipeline. The deal, expected to close in the second quarter of the…
Here’s a quick look at stocks likely to be in focus in today’s trade. Tata Consultancy Services IT services company TCS has collaborated with Vantage Towers, Europe’s second-largest telecom tower operator, to introduce a digital service platform. This partnership seeks to optimize service processes for property owners, improve retention, and reinforce telecom site partnerships for…
Here’s a quick look at stocks likely to be in focus in today’s trade. Biocon Biocon Pharma, a subsidiary of the company, has obtained final approval from the US Food and Drug Administration (US FDA) for two of its Abbreviated New Drug Applications (ANDAs) – Lenalidomide capsules and Dasatinib tablets. Lenalidomide is prescribed for adults…
Here’s a quick look at stocks likely to be in focus in today’s trade. IRCTC, IRFC State-owned enterprises Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) were awarded ‘Navratna’ status by the Government of India on Monday, March 3. RBL Bank GST authorities conducted searches at three RBL Bank offices…
A stock market ‘correction’ implies a sobering up of investors after a heady uprun in prices that overshot its rational limits. The slump in Indian indices over the past five months, a long slide unseen since 1996, has not been as deep as what we saw after crashes triggered by the West’s financial crisis of…
Top News 1. India’s GST collections for January 2025 reached ₹1.96 lakh crore, marking a significant 12.3% year-on-year growth compared to January 2024. This surge reflects increased economic activity, improved compliance, and stricter enforcement measures by tax authorities. The robust growth in GST revenue indicates strong consumption trends, business expansion, and higher tax efficiency. The…
Top News 1/India’s Goods and Services Tax (GST) collections for January 2025 reached ₹1.96 lakh crore, marking a significant 12.3% year-on-year growth compared to January 2024. This surge reflects increased economic activity, improved compliance, and stricter enforcement measures by tax authorities. The robust growth in GST revenue indicates strong consumption trends, business expansion, and higher…
Indian stock market: Despite weakness in the Indian stock market, as many as 14 stocks listed on the Bombay Stock Exchange (BSE) hit upper circuit limits in Thursday’s trading session. Zaggle Prepaid Ocean Services, Orient Technologies, Indo Tech Transformers, Madhucon Projects, Avalon Technologies, Veritas India, Meera Industries, Ken Financial Services, Sungold Capital, Jyothi Infraventures, Vega…
India’s stock markets have taken a beating, the BSE Sensex having come down by more than 10,000 points from its peak last September. The broader market has fared worse, as the sharpest slide was in small-cap stocks, less severe in mid-caps and relatively modest among big companies. While weakening market indices disappoint millions of investors,…
