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Cipla announced that lnvaGen Pharmaceuticals Inc., wholly owned step-down subsidiary of the Company in USA has entered into a Share Repurchase Agreement on 25 July 2022 with Avenue Therapeutics, Inc. (Avenue) and Fortress Biotech, Inc., for sale of 5,833,333 shares representing 25.93% of equity stake (on a fully diluted basis) held in Avenue for a consideration of USD 3 million and an additional amount upto […]

Consolidated sales increased 22% year over year to Rs35,853 crore during the quarter as a result of excellent infrastructure execution and ongoing growth momentum in the IT&TS portfolio.

24-carat gold is selling for Rs 50,780 per 10 grams, a decrease of Rs 380 from yesterday's early trade.

According to the central bank's annual report, the number of unclaimed deposits in banks has drastically increased to Rs48,262 crore in FY22 from Rs39,264 crore in the previous fiscal.

A report released by the Conference Board showed consumer confidence in the U.S. deteriorated by more than expected in the month of July. Consumer confidence index slid to 95.7 in July from a downwardly revised 98.4 in June. The bigger than expected decrease by the consumer confidence index came as the present situation index slumped to 141.3 in July from 147.2 in June. The report […]

Record date is 05 August 2022

Record date is 04 August 2022

After reporting an unexpected rebound in U.S. new home sales in the previous month, the Commerce Department released a report showing new home sales pullback by more than expected in the month of June. The report said new home sales plunged by 8.1 percent to an annual rate of 590,000 in June after jumping by 6.3 percent to a revised rate of 642,000 in May. […]

The International Monetary Fund (IMF) on Tuesday cut the global growth outlook and warned that the world may soon be on the brink of a recession. Global economic expansion will likely slow to 3.2% this year, slower than the 3.6% forecast by the fund in April, the IMF said. The outlook for India has been revised down by 0.8 percentage point, to 7.4 percent. For […]

The banking regulator emphasized that not only do these policies not provide complete coverage, but they also don't call for regular reviews, as has been seen in several UCBs.