Natco Pharma shares jump 5% as company files for generic cancer drug approval with USFDA

Natco Pharma shares jump 5% as company files for generic cancer drug approval with USFDA

Shares of Natco Pharma jumped nearly 5% to Rs 1,569 in Friday’s intraday trade on BSE after the firm submitted a product application with the US health regulator for a generic product indicated for the treatment of metastatic non-small cell lung cancer. The company has submitted an abbreviated new drug application (ANDA) containing a paragraph … Read more

MNCs: Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

MNCs: Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more

market capitalisation: RIL m-cap crosses Rs 20 lakh crore, company world’s 48th most valuable

market capitalisation: RIL m-cap crosses Rs 20 lakh crore, company world’s 48th most valuable

Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more