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American inventor Elisha Graves Otis built the first safety elevator in 1952. In the 1870s, Otis entered Europe. Its elevators were installed at the Kremlin, Balmoral Castle, the Hungarian Royal Palace and the Eiffel Tower. In the early 1900s, the Buckingham and the Mysore Palaces were also home to Otis elevators
Pharmaceutical stocks this week snapped their four week of gains on weaker Q1 results due to destocking of channel on account of GST rollout and US pricing pressures. The news highlights in the sector include first quarter results of Dr.Reddy's, GSK, Glenmark and Biocon.
GlaxoSmithKline Pharmaceuticals, the Indian unit of British drug giant GSK Tuesday said it expected to close the sale of its 60-acre land parcel in Thane, Maharashtra by the end of December.
Mumbai: GlaxoSmithKline Pharmaceuticals Ltd plans to introduce more vaccines and respiratory products in India over the next few years, managing director A. Vaidheesh said on Tuesday.
De-stocking by distributors led to 14 per cent drop in sales and 64 per cent decline in net profit for Glaxo SmithKline Pharmaceuticals in first quarter of FY18.
GlaxoSmithKline Pharmaceuticals on Tuesday reported 63.44 per cent decline in standalone net profit to Rs 26.42 crore for the first quarter ended June 30, mainly on account of trade destocking due to transition into GST. The company had posted a net profit of Rs 72.27 crore for the same period of the previous fiscal, GlaxoSmithKline Pharmaceuticals said in a BSE filing.
GlaxoSmithKline Pharmaceuticals today reported 63.44 per cent decline in standalone net profit to Rs 26.42 crore for the first quarter ended June 30, mainly on account of trade destocking due to transition into GST.
Key benchmark indices finished last trading day of the week with small losses in a quiet session of trade. The barometer index, the S&P BSE Sensex, fell 16.63 points or 0.05% to settle at 32,020.75. The Nifty index fell 5.35 points or 0.05% to settle at 9,886.35. The Sensex settled above the psychological 32,000 level after alternately swinging above and below that level during the day.
Key benchmark indices provisionally settled with small losses in a quiet session of trade. The barometer index, the S&P BSE Sensex, fell 16.63 points or 0.05% at 32,020.75, as per the provisional closing data. The Nifty index fell 5.35 points or 0.05% at 9,886.35, as per the provisional closing data. The Sensex provisionally settled above the psychological 32,000 level after alternately swinging above and below that level during the day.
Ten pharma stocks fell by 0.07% to 11.22% at 14:00 IST on BSE after a media report indicated likely new US order to lower drug costs in the US.
Key benchmark indices extended gains and hit fresh intraday high in mid-afternoon trade. At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 62.26 points or 0.2% at 31,165.75. The Nifty 50 index was up 5.90 points or 0.06% at 9,612.80. Index heavyweights Reliance Industries, ICICI Bank and L&T led the upmove on the domestic bourses. IT stocks fell. Most pharma shares also declined.
Key benchmark indices were range bound in afternoon trade. At 13:19 IST, the barometer index, the S&P BSE Sensex rose 34.93 points or 0.11% at 31,194.33. The Nifty 50 index advanced 10.30 points or 0.11% at 9,634.85.
Key benchmark indices were range bound in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex was up 48.99 points or 0.16% at 31,158.27. The Nifty 50 index rose 11.50 points or 0.12% at 9,616.40. Hopes of timely arrival of monsoon rains aided small gains on the bourses.
Key benchmark indices were hovering in positive terrain in morning trade. At 10:21 IST, the barometer index, the S&P BSE Sensex, was up 119.53 points or 0.39% at 30,484.78. The Nifty 50 index was up 25 point, or 0.27% at 9,411.15.
Your local pharmacy may soon run dry of medicines as uncertainties cropping up over implementation of Goods and Services Tax (GST) are forcing stockists and trade channels to reduce stocks in trade, reports Times of India.