New Delhi, March 27 (IANS) Major drug maker Dr. Reddy’s Laboratories on Friday told the Delhi High Court that it will change the brand name of its semaglutide drug from ‘Olymviq’ to ‘Olymra’, a report said on Friday.The company informed the court that it would propose a new brand name following the judge’s observation that the existing name could lead to confusion in a pharmaceutical setting.The dispute comes as India opens up to generic versions of semaglutide following patent expiry, trigg…
Latest BSE News & Updates
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
New Delhi, March 24 (IANS) After Zomato, food delivery platform Swiggy has raised platform fee, increasing it by 17 per cent to Rs 17.58 per order from Rs 14.99 earlier. The revised charges, as per its billing on the app, suggest a hike of around 17 per cent or Rs 2.59, including pre-GST, just days after rival Zomato revised similar category charges.The revised fee is now visible on the Swiggy app, with the company informing users that the increase is aimed at helping it “operate and maintain …
Mumbai, March 24 (IANS) Largest private lender HDFC Bank said its Board has approved the appointment of external law firms, both domestic and international, to review the resignation letter of former part-time Chairman and Independent Director, Atanu Chakraborty, in a move aimed at reinforcing governance standards.The decision was made at a Board meeting on March 23, with the law firms tasked with reviewing the contents of Chakraborty’s resignation and submitting their report within a reasonab…
Mumbai, March 19 (IANS) As the Reserve Bank of India (RBI) approved the appointment of veteran banker Keki Mistry as the interim part-time Chairman of HDFC Bank for a period of three months, effective March 19, the bank held a conference call with analysts. During the interaction, Mistry said he accepted the role as it aligned with his personal values and principles. “At 71, I would not have taken up this responsibility if it did not align with my values and principles,” he said.He added that th…
Mumbai, March 19 (IANS) India’s largest lender HDFC Bank’s equities came under sharp selling pressure globally on Thursday, with its American Depositary Receipts (ADR) plunging 8 per cent to $26.42 from the previous close of $28.71.In the domestic market, shares of the country’s largest private lender were among the top laggards, falling as much as 8.66 per cent to hit an intraday low of Rs 770, compared to the previous close of Rs 843.The decline comes amid a key management development, as HD…
Mumbai, March 17 (IANS) Shares of Infosys came under sharp selling pressure on Tuesday, with the stock hitting an over six-year low during intra-day trade. The stock slipped as much as 3 per cent to Rs 1,215.15 on the BSE, falling below its previous low of Rs 1,215.45 recorded in April 2023. This marks its weakest level since December 2020.The recent fall has been significant. So far in calendar year 2026, Infosys shares have declined around 25 per cent, much steeper than the 11.4 per cent drop …
Mumbai, March 14 (IANS) The Bombay Stock Exchange (BSE) conducted a mock trading session on Saturday across multiple market segments as part of its periodic system testing.The exercise covers the equity, commodity, currency, electronic gold receipt (EGR) and equity derivatives segments. Trading members can log in from 9:15 am to 10:00 am to participate in the mock trading session.The exercise allows them to test systems and connectivity with the exchanges and aims to ensure that its trading syst…
New Delhi, March 13 (IANS) Maruti Suzuki India Limited, a prominent automobile firm, on Friday said that its popular sedan Maruti Suzuki Dzire has crossed the 3 million cumulative sales milestone in India.The company said the Dzire was also the highest-selling car in India in calendar year 2025 and continues to dominate the sedan segment with strong customer acceptance.First introduced in 2008, the Dzire has evolved through four generations and has remained a key product in the company’s portf…
New Delhi, March 13 (IANS) Domestic-listed Real Estate Investment Trust (REIT) market has expanded more than six-fold since FY20 — a pandemic year — growing from Rs 27,100 crore in 2019-20 to Rs 1.72 lakh crore in the first nine months of FY26, a report said on Friday.As per the CBRE report, the sharp growth comes after the listing of the country’s first REIT in FY20 and has been driven by new listings as well as steady unit price appreciation among existing REITs.From the total listed REITs…