Cadila Healthcare on Monday has informed the bourses that it has entered into an agreement with Medicure lnc, a cardiovascular pharmaceutical company to sell its right, title and interest in Zypitamagt (Pitavastatin)

As on Q1FY20, the company’s order inflow was at Rs. 1130 crore and total order book was at Rs. 10,173 crore. This translates to book-to-bill of 3.1x giving strong revenue visibility for the next 2-3 years

On Tuesday, Natco Pharma Limited informed the bourses about the successful closure of inspection at its Andhra facility, with the receipt of an Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (USFDA).

The plant will remain shut down for an approximate period of 90 days. This plant is major revenue driver for the company. During fiscal year 2018-19, it contributed nearly Rs. 420.61 crore to the revenue, representing 95 per cent of total revenue.

The public sector lender, Bank of Baroda has announced capital infusion of Rs. 7000 crore by the Government of India.

Overall volumes in futures & options currently stand at 1,48,92,810 contracts with a turnover of Rs. 9,93,216.12 crore.

Overall volumes in futures & options currently stand at 1,48,92,810 contracts with a turnover of Rs. 9,93,216.12 crore.

In the near term the support zone of 11,380-11,410 could decide the fate of the markets. Any close below this support zone and the current corrective phase may extend towards levels of 11,250 where the 200-DMA is placed. Stocks in news: Credit Access Grameen, Motilal Oswal Financial Services, Bandhan Bank, Birla Corporation, NBCC, MBL Infrastructures, Lupin. 

After posting back-to-back losses on Friday and Monday, the market seems to be in a buoyant mood and as per early cues from SGX Nifty, bulls are likely to kick off in the first trading session for the month of October.

Traders remain concerned with report that India had a ‘worrisome’ debt burden of over Rs. 88 lakh crore at the first financial quarter of 2019 with the government apparently having no inkling to deal with the country’s economic slowdown.