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Kochi: Private equity fund ChrysCapital has bought a significant minority stake in Curatio Healthcare Pvt. Ltd.
The Nifty50 is likely to open higher on Thursday tracking positive trend seen in other Asian markets. The index closed 95 points lower at 10,154 on Wednesday. (9-0)
The US FDA could re-inspect the three facilities of Ipca Laboratories that are under the regulator’s import alert, in September. In the first half of the next fiscal there could be an inspection but it is difficult to say when the FDA officials will come for an inspection, said a Cogencis report quoting the investor conference call meet. Investors will closely monitor the development, as the resolution at these units would lead to a significant increase in product approvals.
Share price of Fiberweb India and Ipca Laboratories rose 9-16 percent intraday Wednesday on the back of strong December quarter (Q3FY18) results.
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2:01 pm Order Win: State-run power equipment maker BHEL today said it has won a Rs 2,800 crore contract for 660 MW supercritical thermal power project in Maharashtra. (20-0)
Tata Sons, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, sources told Mint. It plans to use the funds partly to subscribe to the forthcoming rights issue of Tata Steel and also repay a part of the outstanding debt of Tata Teleservices (TTSL), which is in the process of merging with Bharti Airtel, sources said. (15-0)
In a BSE filing today, Ipca Laboratories announced: “Acquisition of 100 per cent share capital of Pisgah Labs Inc, a North Carolina Corporation” by Ipca Pharmaceutical Inc, USA and Onyx Scientific Ltd, UK (Onyx) (company’s wholly-owned step-down subsidiary) for $9.65 million free of debt.''
New Delhi: Ipca Laboratories Ltd on Wednesday said that its two subsidiaries have fully acquired US-based Pisgah Labs Inc. for $9.65 million.
Ipca Laboratories today said its two subsidiaries have fully acquired US-based Pisgah Labs Inc for $9.65 million. In a BSE filing Ipca Laboratories announced "acquisition of 100 per cent share capital of Pisgah Labs Inc, a North Carolina Corporation" by Ipca Pharmaceutical Inc, USA and Onyx Scientific Ltd., U.
Ipca Laboratories today said its two subsidiaries have fully acquired US-based Pisgah Labs Inc for USD 9.65 million.
Chennai-based value investor Dolly Khanna made a couple of changes in her portfolio during the December quarter. She reduced stake in 10 companies and increased in three others, which include GNFC, IFB Agro Industries and Rain Industries. Khanna has been investing in the domestic stock market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna. (4-0)
More than seven out of 10 children in the age group of 14-18 years can use a cellphone, but cannot read basic text fluently in their language, says the Annual Status of Education Report (ASER). The report also says that females have reduced access to cellphones. While only 12% males have never used a cellphone, the corresponding number of females is much higher at 22%, it says. (4-0)
Ipca Laboratories shares rallied nearly 4 percent in morning Wednesday on acquisition of US-based pharmaceutical company.