Marksans Pharma arm wins UK nod for high blood pressure drug Moxonidine
Marksans Pharma’s UK subsidiary Relonchem has received marketing authorisation for moxonidine tablets used to treat high blood pressure.
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Gold could reach $4000/oz soon, with $6000/oz possible in two years, says JP Morgan’s Luis Oganes
On goods and services tax (GST) cuts, Jahangir Aziz, Head of Emerging Market Economic Research at JPMorgan, estimated the boost to household income at around 1.15% of GDP.
Cochin Shipyard inks MoU with HD Korea for long-term shipbuilding collaboration
A dedicated block fabrication facility (BFF) is planned at Kochi in around 80 acre, with an annual capacity of 1.2 lakh MT at an investment of ₹3,700 crore to support the same. The initiative is set to generate around 2,000…
India key to Asia-Pacific investment banking growth, says JPMorgan’s Paul Uren
Paul Uren, JPMorgan’s Head of Investment Banking for the Asia Pacific region, noted the rapid expansion of India’s equity markets in recent years, which has made it easier to raise large amounts of capital through IPOs, follow-ons, and block trades.
Crypto market still in early stage, says Sigma Capital’s Vineet Budki
Vineet Budki, Partner and CEO of Sigma Capital urged new investors to spend time learning from founders and industry events. “We are in the 1980s of the Indian stock market, where people clearly don’t understand what a token represents,” he…
Indian Hotels acquires ₹101 crore worth shares in subsidiary ELEL Hotels via rights issue
According to a filing with the stock exchanges, IHCL subscribed to 2,01,659 equity shares of ELEL Hotels, each having a face value of ₹10, at an issue price of ₹5,000 per share. Shares of Indian Hotels Company Ltd ended at…
Nifty ends off day’s lows as banks, metals stage strong comeback
Banking stocks powered the late rebound, with the Nifty Bank rising 225 points to 55,510, led by gains of 2-3% each in IndusInd Bank and Axis Bank. PSU lenders such as State Bank of India, Canara Bank and Union Bank…
JPMorgan sees strong IPO pipeline in India despite high PE and promoter exits
Abhinav Bharti of JPMorgan says India’s IPO market continues to outperform, with returns far higher than the broader secondary market. Despite significant private equity and promoter exits, the capital markets remain robust, supported by strong investor interest and a growing…
GMDC shares hit a record high, on course for their best month in over 15 years
Shares of GMDC have not only hit a record high, but are also on course to extend their year-to-date gains to 100% after Tuesday’s upmove.
Metal stocks are shining and they might sparkle brighter in the weeks ahead
Metal stocks extended gains on Tuesday with JSW Steel hitting a 52-week high, while Hindustan Copper rallied nearly 4% amid improving demand outlook and China-led supply cuts.