However, the indices later recovered on management of these companies allaying concerns over their financial position.

Aurobindo Pharma said it has received approval from the South African health authority to market its Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (DLT) tablets,

After rallying for two sessions, the Sensex and Nifty closed over 1% lower on Monday as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency.While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on do...

While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on domestic bourses, brokers said.

The decision was taken after drug makers filed a petition, saying that these drugs were being manufactured since 1988. They cited the SC's earlier relief to 15 manufacturers on the bases of the similar grounds, saying that they should also be exempted from the ban.

In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.The...

As the industry is trying to digest the development, not totally unexpected though, there are fresh concerns on what could come next as the ministry-appointed Prof Kokate Expert committee had discussed banning many more FDC drugs.

India reportedly boasts around 2,000 FDCs, four times more that what's available in the US.

The FDC medicines are two or more drugs contained in a single dosage form. The health ministry says it took the decision to ban these drugs after the Drugs Technical Advisory Board suggested these drugs might pose a risk to human beings.

The Sensex and Nifty closed lower today after the indices came under selling pressure amid lower Asian markets, widening current account deficit and rupee touching fresh all time lows. While the Sensex closed 467 points or 1.22% lower at 37,922, the Nifty fell 151 points or 1.30% to 11,438 level. Top Sensex losers were Sun Pharma (3.72%), M&M (3.44%) and Vedanta (3.44%). Of 30 Sensex stocks, 26 closed in the red. Axis Bank (0.99%) was the top Sensex gainer after the private sector l...

The airline said that the first four freighters are scheduled to be inducted by March 2019.

Brokers said weakness was seen in most Asian markets as investors were cautious amid fears of a possible escalation in the US-China trade conflict.

Sectorally, auto and banking stocks were the top losers with BSE auto index falling 248 points and BSE bankex losing 241 points. On Nifty, top losers were Bajaj Finance, Sun Pharma and Bajaj Finserv.

At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent.

The 131-year-old Sandoz unit was hurt by price pressure in the United States, prompting Novartis Chief Executive Officer Vas Narasimhan to sell the Sandoz unit.

In his petition before the National Company Law Tribunal in New Delhi, Shivinder has leveled the following charges against elder brother Malvinder and former Religare CEO Sunil Godhwani.

With auto sales for August out this week, auto stocks will draw attention at stock exchanges this week. Watch Vikas Jain, Senior Research Analyst, Reliance Securities, explain the share market trends for the next week in this episode of BusinessToday.In's Weekly Market Wrap.

The Sensex closed marginally lower in volatile trade today ahead of the release of April-June quarter GDP data scheduled later in the day. The 30-share Sensex closed 45 points, or 0.12 per cent lower to 38,645 level. It hit intra day high of 38,838 and intra day low of 38,562 level in trade today. It lost 206.53 points in the previous two sessions.The Nifty ended marginally higher by 3 points to 11,680 level. Tata Motors (2.87%), PowerGrid (2.37%) and Sun Pharma (1.99%) were the top S...