The rupee weakened 0.26 per cent against the US dollar in July, remaining largely stable, even as bouts of volatility prompted the Reserve Bank of India (RBI) to intervene. On the last trading day of the month, the rupee closed almost flat at 82.25 a dollar, as compared to 82.26 on Friday. Rupee… Continue reading Rupee continues to remain stable in July, ends flat at 82.25 a dollar
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Nirma emerges as frontrunner for Glenmark’s API arm as bid deadline ends
Detergent chemical major, Nirma Group, is leading the race to acquire Glenmark Life Sciences (GLS), according to a report by The Economic Times (ET). Glenmark Pharmaceuticals Ltd owns an 82.8 per cent stake in GLS, which is a leading active pharmaceutical ingredient (API) platform. ET quoted sources as saying that the conglomerate emerged… Continue reading Nirma emerges as frontrunner for Glenmark’s API arm as bid deadline ends