News Overview

SVA India has entered into ECB Agreement with Brightmax Singapore for availing a Loan upto USD 10,00,000 to be utilized for, refinancing of rupee loans. The date of disbursement of ECB proceeds would be before 31 December 2022. Powered by Capital Market – Live News

At meeting held on 26 November 2022

Max Financial Services announced that Insurance Regulatory and Development Authority of India (IRDAI) vide its letter dated 25 November 2022 accorded its approval to the Company for acquisition of residual 5.17% stake held by Mitsui Sumitomo Company (MSI) in Max Life @ Rs. 85/- per share. On acquisition of the aforesaid 5.17% stake in Max Life, the shareholding held by the Company in Max Life […]

At meeting held on 01 December 2022

Broad strength in dollar overseas is expected to add pressure on the Indian rupee in opening trades on Monday. The greenback gained appeal as safe haven currency as protests against COVID restrictions in China stoked uncertainty and dented sentiment. Against a basket of currencies, the U.S. dollar index was down 0.08% at 106.25, but off its recent three-month low of 105.30. On Friday, rupee settled […]

Zydus Lifesciences U.S. subsidiary Zydus Pharmaceuticals (USA) Inc. has received tentative approval from the United States Food and Drug Administration (USFDA) to market Levothyroxine Sodium for injection, 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial (USRLD: Levothyroxine Sodium injection manufactured by Fresenius Kabi USA, LLC). Levothyroxine Sodium injection is indicated for the treatment of myxedema coma. Levothyroxine Sodium injection had annual sales of USD 45.2 mn […]

Copper prices dropped nearly 2% in early Asia on Monday tracking a firm dollar amid unrest over zero-covid policy and renewed COVID-19 lockdowns in China. China is facing a wave of civil disobedience over its strict zero-COVID policy, with demonstrators and police clashing in several major cities amid growing public discontent over lockdown measures. This also dented Chinas appetite for commodity imports, hurting copper prices. […]

Gold drifted lower as dollar demand as safe haven rose amid civil disobedience in China over its strict zero-COVID policy, with demonstrators and police clashing in several major cities amid growing public discontent over lockdown measures. Against a basket of currencies, the U.S. dollar index was down 0.36% at 106.30, but off its recent three-month low of 105.30. COMEX gold is currently lower by 0.26% […]

Foreign investors may again provide buying support today

Crude oil prices tumbled to its lowest level in 11 months on Monday amid rising COVID cases in China and ensuing lockdowns that escalated worries of increased economic disruptions in the worlds largest crude importer. China witnessed a record number of coronavirus cases for the third consecutive day on Saturday, with infections surpassing 35,000 despite large-scale lockdowns under the stringent Zero-Covid policy, triggering rare protests […]