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Shares of pharmaceutical companies Sun Pharma, Dr. Reddy’s Laboratories and Divi’s Laboratories closed with gains on Wednesday and ranked amongst the top five gainers on the benchmark NSE Nifty 50 index. This comes a day India’s drug regulator sped up the country’s preparedness to battle the threat of new variants and approved two new vaccines and one drug. Dr Reddy’s stock price soared 1.88% while that of Divi’s Laboratories gained about 2.13% during the day’s Read More

Investments in Indian capital market through participatory notes (P-notes) dropped to Rs 94,826 crore till November-end after hitting 43-month high in the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Securities and Exchange Board of India data, the value of P-note investments Read More

Reliance Industries Ltd’s (RIL) weightage in the benchmark S&P BSE Sensex could be increased by 0.68% by the end of this month, said Abhilash Pagaria of Edelweiss Alternative Research. The Mukesh Ambani’s led oil-to-telecom conglomerate may see as much as $75 million in inflows helped by such a change in its index weightage, Edelweiss added. While RIL’s weightage may be increased, the brokerage firm said that index heavyweights such as Infosys, HDFC Bank, ICICI Bank, Read More

Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and Tier II capital bonds among others up to an amount of Rs 35,000 crore. “We now wish to inform you that the bank proposes to Read More

Reserve Bank of India’s Central Board of Directors today discussed various aspects relating to Central Bank Digital Currency and Private Crypto Currencies. The Central Board of Directors of the Reserve Bank, led by Governor Shatikanta Das, met today in Lucknow to hold the 592nd meeting of the Board. “The Board reviewed the current domestic and global economic situation, evolving challenges and remedial measures,” a statement by the central bank said. “The Board also discussed various Read More