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Natco Pharma closes QIP at issue price of Rs915, gains 6%

India Infoline News Service / 18:20, Dec 14, 2017

Natco Pharma’s board has approved allocation of 10 mn shares at an issue price of Rs915, which is at a discount of 2.41% to the floor price of Rs937.63.

Stock Market News

Sensex rallies over 200 points; ITC, HDFC Bank lead

India Infoline News Service / 15:18, Dec 14, 2017

Sensex reclaimed at 33,000 level ahead of exit polls after the second phase of Gujarat elections today. The top gainers were ITC, HDFC Bank, RIL, Infosys and Kotak Mahindra Bank.

Economy News

India’s current account deficit more than doubles to $7.2 billion

India Infoline News Service / 11:50, Dec 14, 2017

The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit ($32.8 bn) brought about by a larger increase in merchandise imports relative to exports.

MF News

Investments in mutual funds via SIP continues to rise

India Infoline News Service / 13:17, Dec 12, 2017

Indian mutual fund industry continues to witness enormous inflows via SIP. As per AMFI data, mutual funds have received Rs40,780cr during April 2017- November 2017. The MF industry had added on an average ~9.05 lakh SIP accounts every month during FY2017-18.

Global News

Asian indices end down on US Fed inflation outlook

India Infoline News Service / 16:11, Dec 14, 2017

The Fed raised its benchmark policy rate by 25 basis points late Wednesday and maintained its guidance of three rate hikes in 2018.

M & A News

Eris Lifesciences avails term loan facility of Rs400cr to finance Strides Shasun deal

India Infoline News Service / 09:15, Dec 04, 2017

Eris Lifesciences avails term loan facility of Rs400cr from Axis Bank to finance the acquisition of domestic formulation business containing brands/ trademarks/ assets of Strides Shasun Ltd.

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