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Alembic Pharma gets USFDA nod for Doxycycline Capsules (28-06-2024)
Alembic Pharmaceuticals announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Doxycycline capsules.
Bombay Burmah stock zooms 15% on jump in volume; up 47% in June (28-06-2024)
Bombay Burmah stock update: The stock hit a new high at Rs 2,168 on the BSE in Friday’s intra-day trades.
Allcargo Gati allots 1.67 cr equity shares under QIP issue (28-06-2024)
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Aether Inds zooms after signing strategic supply deal with Baker Hughes (28-06-2024)
Aether Industries surged 4.21% to Rs 932.75 after the company announced the signing of a strategic supply agreement with Baker Hughes for an initial term is 5 years, extendable by 3 additional one year terms and thereafter extendable on yearly basis.
Suncare Traders Ltd leads gainers in ‘B’ group (28-06-2024)
Black Box Ltd, Vardhman Holdings Ltd, DigiSpice Technologies Ltd and Kalyani Investment Company Ltd are among the other gainers in the BSE’s ‘B’ group today, 28 June 2024.
EU Court upholds Rs 126 cr fine imposed on Ipca Labs’ unit; stock jumps 4% (28-06-2024)
The uptick in share price came after the company announced that the EU Court upheld Rs 126 crore fine imposed on Ipca Labs’ unit, Unichem Laboratories
Sebi permits up to 100% NRI contribution for FPIs based out of GIFT IFSC (28-06-2024)
Markets regulator Sebi has allowed up to 100 per cent aggregate contribution by non-resident Indians, Overseas Citizens of India, Resident Indians in the corpus of FPIs that are based out of International Financial Services Centre (IFSC).
The move is expected to enhance investment by Foreign Portfolio Investors (FPIs) in India.
In a circular issued on Thursday, Sebi said it has amended FPI rules to “provide flexibility of having up to 100 per cent aggregate contribution by non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and Resident Indians (RI) Individuals in the corpus of FPIs based in IFSCs in India and regulated by International Financial Services Centres Authority (IFSCA)”.
Over the years, there has been a consistent demand to channel more NRI and OCI investments into the Indian securities markets by enabling greater participation of NRIs and OCIs in FPI corpuses.
In the July 2019 budget speech, Finance Minister Nirmala Sitharaman had also recognized that despit
INR holds on under 83.50 per US dollar on strength in equities (28-06-2024)
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Cholamandalam Financial Holdings Ltd leads gainers in ‘A’ group (28-06-2024)
Bombay Burmah Trading Corporation Ltd, Praj Industries Ltd, 360 ONE WAM Ltd and Dishman Carbogen Amcis Ltd are among the other gainers in the BSE’s ‘A’ group today, 28 June 2024.