News Overview

Aurobindo Pharma announced that the United States Food and Drug Administration (USFDA) has issued Form 483 with 10 observations after the inspection of its unit IX, Gundlamachnoor facility.

Reported sales nil

Sales rise 12.03% to Rs 70.05 crore

Sales decline 42.38% to Rs 80.40 crore

Reported sales nil

Sales reported at Rs 10.27 crore

COMEX Silver futures soared, adding to the recent gains and breaking above $22 per ounce amid firm Indian demand trends and weak US dollar. Indias Silver imports stood at Rs 38119 crore in October 2022, down 28.34% compared to October 2021 and recording a surge of 236% in first seven months of FY23. The shiny metal has moved up in tandem with Gold and Copper […]

Crude oil dropped on demand concerns. The WTI Crude oil futures tanked under $80 per barrel on sustained selling pressure. The Organization of the Petroleum Exporting Countries (OPEC) cut its 2022 global oil demand growth forecast for a fifth time since April, citing mounting economic challenges including high inflation and rising interest rates. Concerns about the demand outlook in China amid restrictive COVID-19 policy also […]

Copper eased amid choppy equities. COMEX Copper futures fell near $3.60 per pound. These are the lowest levels in one week for the metal. The Copper traders also remain worried about the sustained uptick in Chinese Covid cases. China has been reporting 20000+ new COVID-19 infections this week, making traders worried about effective easing of the pandemic linked rules in near term. Chinas economic data […]

Indian Energy Exchange (IEX) announced that its board will consider share buyback on Friday, 25 November 2022.