Tag: market

Citroen plans to launch C3 Aircross SUV in Indian market by October

French automotive brand Citroen is all set to launch its C3 Aircross Sport Utility Vehicle (SUV) in the Indian market by October. The company is also set to come up with a new vehicle on the C-cubed platform by early next year. It is betting big on exports from India to markets like South Africa,… Continue reading Citroen plans to launch C3 Aircross SUV in Indian market by October

Market trading sideways as altcoins under selling pressure

The cryptocurrency market traded sideways in the last week as investors await clarity on regulations in the US. Several altcoins, including XRP and Dogecoin, saw profit booking but major tokens like Bitcoin and Ethereum remained flat. According to CoinMarketCap, Bitcoin on Friday was trading at $29,146, down nearly 0.5 per cent in the… Continue reading Market trading sideways as altcoins under selling pressure

Market regulator Sebi cancels registration of MMTC as broker in NSEL case

Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal “paired contracts” in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or… Continue reading Market regulator Sebi cancels registration of MMTC as broker in NSEL case

KSB zooms 19% in a weak market on healthy June quarter performance

Shares of KSB hit a new high of Rs 2,730.70, zooming 19 per cent on the BSE in Thursday’s intra-day trade, in an otherwise weak market, after the company reported healthy performance in June quarter (Q2FY24). In the past three weeks, the stock has rallied 35 per cent. Today, the stock surpassed its previous high… Continue reading KSB zooms 19% in a weak market on healthy June quarter performance

Wells Fargo to tap corporate bond market despite US credit downgrade

By Allison Nicole Smith A handful of borrowers, including Wells Fargo & Co., are looking to raise fresh debt in the US investment-grade bond market, signaling that issuers are undaunted after Fitch Ratings stripped the nation of its top-tier rating on Tuesday.   The operating arm of the bank — Wells… Continue reading Wells Fargo to tap corporate bond market despite US credit downgrade

Lupin gets USFDA approval to market generic skin treatment medication

Lupin on Wednesday said its American subsidiary has received an approval from the US health regulator to market a generic product used for treatment of skin issues. New Jersey-based Novel Laboratories Inc has received the approval from the US Food and Drug Administration (USFDA) for Fluocinolone Acetonide Topical Oil, Lupin said in a… Continue reading Lupin gets USFDA approval to market generic skin treatment medication

Bharti Airtel to target SMBs market with Airtel IQ messaging platform

Telecom operator Bharti Airtel is looking to garner a major share in enterprise communication services segment of small and medium businesses with its new Airtel IQ Reach platform, a senior company official said on Tuesday. Airtel’s communications platform as a service (CPaas) Airtel IQ Reach will enable small and medium businesses to engage… Continue reading Bharti Airtel to target SMBs market with Airtel IQ messaging platform

Glenmark Pharmaceuticals gets USFDA nod to market generic diabetes drug

Glenmark Pharmaceuticals on Tuesday said it has received approval from the US health regulator to market a generic diabetes drug in the American market. The company has received final approval from the US Food & Drug Administration (US FDA) for Saxagliptin Tablets (2.5 mg and 5 mg), the generic version of AstraZeneca’s Onglyza1… Continue reading Glenmark Pharmaceuticals gets USFDA nod to market generic diabetes drug