A big transformation is happening in the global generic pharmaceutical industry. As a result, stocks of most major drug companies have done badly in the past one year.

Kiran Mazumdar-Shaw said Biocon delivered a strong revenue growth of 35 per cent this quarter, driven by robust performance across our biologics, small molecules and research services segments.

Kiran Mazumdar-Shaw is the only self-made women -- with the total wealth of Rs 24,790 crore - who could make it to the top 100. On the third spot is Indu Jain of Bennett Coleman and Co Group, whose total wealth is estimated to be around Rs 26,240 crore.

At 10:24 am, the Sensex was trading 320 points higher at 37, 305 level and the Nifty stood at 11,247, up 80 points. The BSE metal index rose to a record level of 12,497 points, up 219 points.

The stock of bio-pharmaceutical firm hit 695 level in early trade rising 6.25% on the BSE.

Business in Bengaluru has much at stake in the state elections for despite its revenues and branding, India's Silicon Valley is far from a happy land.

Reports of good voter turnout from Bengaluru in the early hours is a positive sign for democracy, said several corporate leaders from India's Silicon Valley.

While Biocon's Q4 results show margins below expectations, the market is more focused on the company's progress on the biosimilar front.

Shaw said that Infosys is entering a new phase under new leadership and there is strong focus on new growth areas.

The recent announcement in Mumbai about establishing Krea University inAndhra Pradesh has greater significance than just another liberal artsand sciences institution coming up in India.

After making record highs in January 2018, the stock markets have entered a bear phase after Union Budget 2018.

The Union Budget needed to be prudent and forward-looking rather than populist and that is exactly what Finance Minister Arun Jaitley has achieved through some very smart schemes announced in the areas of healthcare, Science & Technology (S&T), agriculture and rural infrastructure.

The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies.

While the Sensex closed 111 points lower to 36,050, Nifty closed 16 points lower at 11,069 level. ICICI Bank (1.60%), Coal India (1.56%) and Kotak Mahindra Bank (0.99%) were the top gainers on Sensex.