- 12 Dec 1305:47 PMWhile multinational pharmaceutical companies have been laggards on the returns charts over the past few years vis-à-vis large cap Indian peers, they are expected to bridge the gap given regulatory clarity as well as operational gains.10:35 AMCadila Healthcare and Zydus Pharmaceuticals (USA) Inc. have entered into an agreement in principle with Warner Chilcott Company LLC to settle all outstanding patent litigation related to Asacol delayed-release tablets.09:14 AMThe management stated that the industry has witnessed a subdued festive demand (starting from Dhanteras to Diwali) and has declined by 30% on a festive to festive basis.12:48 AMFor the bleeding sugar sector, the recommendations of a financial package and doubling of ethanol blending in petrol to 10 per cent provided some respite.12:45 AMBesides imposing a hefty penalty on Coal India (CIL) for abuse of its monopolistic position, the Competition Commission of India (CCI) has also directed the government-controlled mining giant to “incorporate suitable modifications in the fuel supply12:31 AMGeneral Motorshas navigated a smart route to succession. Dan Akerson, who has run the company since mid-2010, is stepping down in January.12:19 AMOne of the 25 applicants for a new banking licence is Bajaj Finance, the non-banking finance arm of Bajaj Finserv.
- 11 Dec 1304:54 PMImage via ShutterstockNobody seems to like Coal India.10:36 AMSunil Mittal owned Bharti Infratel and Mukesh Ambani controlled Reliance Jio Infocomm have agreed to share telecom infrastructure that includes sharing of inter-and intra-city fibre-optic networks, submarine cable networks, towers and internet broadband10:16 AMThe sugar industry that has been bleeding with losses got some respite with the recommendation of a financial package and doubling the ethanol blending in petrol to 10%.09:55 AMIn little more than a year since its inception, the Union government’s ambitious Financial restructuring Plan (FRP) for the beleaguered power distribution sector is at the cusp of success.08:11 AMGlenmark Pharmaceuticals (Glenmark) has announced a plan to launch Hydrocortisone Butyrate cream in the USA under 180-day exclusivity.04:45 AMExpectation of a higher dividend, attractive valuations and growth prospects on the back of an uptick in the 3G telecom spectrum usage drove the Bharti Infratel stock 14 per cent up over the past week.
- 10 Dec 1310:48 PMThe ITC stock has underperformed both the S&P BSE Sensex and the S&P BSE FMCG (fast-moving consumer goods) index through the past month, as well as the past three months.02:47 PMThe Central Electricity Regulatory Commission on Tuesday stunned the markets with its draft norms on tariffs for the power sector, which will be applicable from FY15 till FY19. These norms seek to tighten operating norms for power producing and01:32 PMNTPC, the largest power generating company in the country slumped over 10% on the bourses after Central Electricity Regulatory Commission (CERC) came out with a new set of draft regulations that plans to fix tariffs for the power sector for the next five11:49 AMThe Central Electricity Regulatory Commission(CERC) on Tuesday announced the draft norms on tariffs for the power sector which will be applicable between FY15 and FY19. Analysts say that these norms significantly tighten operating norms for power08:33 AMTata Motors-owned Jaguar Land Rover (JLR) announced that it would set up its first manufacturing unit in Brazil with an investment of up to GBP 240 mn over FY15-FY20. It will initially employ 400 people and plans an annual production capacity of 24,00008:19 AMWe met up with the senior management of UPL to get an update on the business environment and the outlook, going ahead.08:14 AMGlenmark announced launch of Hydrocortisone Butyrate cream in the US (generic for Locoid Lipocream).