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Aurobindo Pharma share worth jumps 6% on USFDA nod for antidepressant

Aurobindo said this was the first ANDA to be approved out of APL Healthcare formulation facility in Hyderabad. Q. The Drug controller general of India has allowed restricted use of Kaletra the combination of medications lopinavir and ritonavir, for treating those affected by novel coronavirus after the Indian Council of Medical Research (ICMR) sought an…

India February IIP rises to 4.5%

New Delhi: India’s factory output grew 4.5% in February from a revised 2.1% in the preceding month, before the government imposed a nationwide lockdown in March. The Index of Industrial Production in February 2019 was at 0.2%. The cumulative growth for the period April-February 2019-20 over the corresponding period of the previous year stands at…

Winners & Losers: 10 shares that moved essentially the most on April 9

Auto Index surged over 10 percent followed by metal, pharma and infra. BSE Midcap and Smallcap indices rose over 3 percent each. 1/11 Here are 10 stocks that gained the most on April 9 2/11 Mahindra and Mahindra | Share price surged 17 percent after CRISIL reaffirmed its rating. M&M in its BSE filing on…

Crude oil futures achieve 6.23% on hopes of a manufacturing reduce

Crude oil futures rose to Rs 2,012 per barrel on April 9 as participants increased their long positions. Oil prices climbed on optimism that world top crude producers would agree for an output cut at a meeting later onApril 9.The US Energy Information Administration (EIA) reported that US crude stock jumped by 15.2 million barrels,…

Petrol, diesel demand slumps 66% in April; ATF down 90%

India’s fuel consumption slumped by over 66% in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand. Petrol and diesel demand is down 66% in April, while aviation turbine fuel (ATF) consumption has collapsed by 90% as most airlines have stopped flying, industry officials said. India had consumed 2.4 million tonnes…

JSPL promoter firms repay Rs 391 crore debt

"These promoter companies have repaid loans of around Rs 391 crore out of total debt amount Rs 747 crore as on December 3, 2019," the official said. Three promoter companies of JSPL have repaid an amount totalling Rs 391 crore to the lenders, said a company official. The companies are Opelina Sustainable Services Ltd, OPJ…

Coronavirus hangs over the longer term like a ‘spectre’, warns RBI: 10 factors

Coronavirus cases have jumped above 5,700 in India, according to latest data (PTI) 2 min read . Updated: 09 Apr 2020, 02:59 PM IST Edited By Surajit Dasgupta COVID-19 would impact economic activity in India directly due to lockdowns, and through second round effects operating through global trade and growth, the RBI said, without coming…

Jeff Bezos tops Forbes billionaires listing, ex-wife MacKenzie makes debut

Jeff Bezos. | File   | Photo Credit: AFP While 267 people dropped off this year’s list, a record 1,062 individuals have seen a drop in their fortunes, owing to COVID-19 pandemic and its subsequent economic fallouts In COVID-19 times, Amazon Founder and CEO Jeff Bezos has maintained his top slot as worlds richest man…

Mukesh Ambani prime Indian in Forbes world billionaires checklist

New Delhi: Reliance Industries’ Chairman Mukesh Ambani has been ranked 17th in the latest world billionaires list by Forbes with a net worth of $44.3 billion – once again leading the tally from India’s perspective.Mukesh Ambani chairs and runs $88 billion (revenue) oil and gas giant Reliance Industries, among India’s most valuable companies.Reliance Jio has signed…

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Coronavirus vaccines are moving towards clinical trials

New York [USA], April 9 (ANI): Just three months after the outbreak of the coronavirus pandemic, several biotech companies in the United States have ramped up their efforts to fight the disease with accelerated schedules for creating new vaccines and beginning clinical trials for potential treatments.In normal circumstances, vaccine development would take around 10 years.…

India February IIP rises to 4.5%

New Delhi: India’s factory output grew 4.5% in February from a revised 2.1% in the preceding month, before the government imposed a nationwide lockdown in March. The Index of Industrial Production in February 2019 was at 0.2%. The cumulative growth for the period April-February 2019-20 over the corresponding period of the previous year stands at…

Winners & Losers: 10 shares that moved essentially the most on April 9

Auto Index surged over 10 percent followed by metal, pharma and infra. BSE Midcap and Smallcap indices rose over 3 percent each. 1/11 Here are 10 stocks that gained the most on April 9 2/11 Mahindra and Mahindra | Share price surged 17 percent after CRISIL reaffirmed its rating. M&M in its BSE filing on…