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Strides Pharma Science’s step-down subsidiary Strides Pharma Canada has entered into an arrangement to acquire 80 per cent stake in Pharmapar Inc., a Canada-based specialised generics front-end company. Canada is a new market for the company and one of top 10 global pharmaceutical markets.

Auto Industry in 2018 has gone through a bumpy ride due to various reasons such as higher ownership cost of vehicle owing to an increase in insurance cost and higher fuel prices. Also, on the demand front, the industry witnessed a setback and even in festive seasons, auto sales were muted as automakers failed to lure customers with heavy discounts.

Global investment firm Oaktree Capital purchased loans from DHFL’s wholesale portfolio on a true sale basis. The transaction is in accordance with RBI’s Securitization Guidelines.

Following stocks are close to their 52-week low as at 2.57 p.m. on January 29, 2019.

The markets on January 29, 2019 opened gap down. BSE Sensex is trading at 35,469.83, down by 186.87 points and the Nifty is trading at 10,609.45, down by 52.10 points.