New Delhi, July 25 (IANS) The phased tariff plan announced by the US administration on imported generic medicines is expected to have a limited impact on the credit profiles of Indian pharmaceutical companies over the next two financial years, a report said on Saturday.As per analysis of Infomerics Ratings, the US — one of the largest markets for Indian drugmakers — imported pharmaceutical products worth $9.47 billion from India in FY26, accounting for nearly 30 per cent of the country’s overa…
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Mumbai, July 22 (IANS) India’s pharmaceutical sector dipped notably on Wednesday after US President Donald Trump outlined a phased tariff plan on imported generic medicines, fuelling concerns over the long‑term outlook for drugmakers that rely heavily on US sales.The Nifty Pharma index fell nearly 2 per cent in early trade, making it the worst‑performing sectoral index on the National Stock Exchange in early trade.The Nifty Pharma index fell 1.85 per cent to 25,610 against Nifty, down 169 …
Mumbai, July 21 (IANS) Indian equity markets opened on a flat note on Tuesday as investors remained cautious amid ongoing geopolitical tensions in the Middle East, despite a decline in crude oil prices.Sensex opened 58.89 points or 0.08 per cent lower at 77,649.63, while Nifty fell 22.45 points or 0.09 per cent to 24,216.05.Sectorally, IT, cement and metal stocks bucked the weak broader trend. Nifty IT rose 0.46 per cent, while Nifty Cement and Nifty Metal indices gained 0.51 per cent and 0.33 p…
Dehradun, June 19 (IANS) In a major crackdown on fake and illegal drug manufacturing and trade, the Uttarakhand Special Task Force (STF) on Sunday busted a major syndicate manufacturing counterfeit allopathic medicines in the industrial area of Udham Singh Nagar’s Bazpur.The STF sleuths, in coordination with the Drug Administration Department, raided ‘Kovil Biotech’ on Sunday and confiscated a large stock of medicines being illicitly manufactured under the brand names of reputed companie…
Mumbai, July 17 (IANS) Domestic equity markets traded higher in the morning session on Friday, with benchmark indices gaining around half a per cent each despite weak global cues, led by buying in IT and auto stocks.In early trade, Sensex climbed 363 points or 0.47 per cent to 77,550, while Nifty advanced 100 points or 0.43 per cent to 24,176.Sectorally, IT stocks led the gains, with the Nifty IT index surging nearly 2 per cent, followed by Nifty Auto, which rose 0.83 per cent, and Nifty Private…
Mumbai, May 21 (IANS) Indian equity markets traded higher on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict.In the morning trade, Sensex jumped as much as 0.83 per cent or 627 points to hit an intraday high of 75,945, while Nifty traded 0.84 per cent or 200 points higher at 23,859.On the sectoral front, realty stocks led the gains, with the Nifty Realty index rising 1.5 per cent. Nifty Cement advanced 1 per …
Mumbai, May 7 (IANS) The Indian equity markets traded higher on Thursday in morning trade amid hopes of the US-Iran peace deal.Sensex climbed as much as 0.48 per cent, or 380 points, to hit an intraday high of 78,339.24 in early trade, while Nifty traded at 24,423.35, up 0.37 per cent or 92 points.Meanwhile, from the Nifty pack, Tata Consumer, Power Grid, Hindustan Unilever, TCS, HDFC Bank, Titan, NTPC, and Sun Pharma were among the top losers.Sectoral indices — Nifty Realty, Nifty FMCG, Nifty …
Boston, May 1 (IANS) India’s emergence as a global pharmaceutical powerhouse is entering a new phase, driven by innovation, vaccine leadership and expanding clinical capabilities, according to Dr Elias Zerhouni, former Director of the US National Institutes of Health (NIH).Zerhouni said the India-US relationship in healthcare and biotechnology has steadily strengthened over the years, moving beyond manufacturing to innovation-led collaboration.“There’s a tremendous amount of exchanges and …
Mumbai, April 27 (IANS) Indian equity benchmarks closed near the day’s high on improved investor sentiment after India-New Zealand FTA finalised in the national capital.The agreement which sealed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.At the closing bell, the Nifty end…
Mumbai, April 27 (IANS) Indian stock markets traded higher in early deals on Monday, with benchmark indices surging about 0.6 per cent each, driven by positive global cues. Sensex traded at 77,121.97, up 0.59 per cent or 457 points in early trade, while Nifty climbed to 24,047, rising 150 points or 0.62 per cent from the previous close, led by buying in realty, pharma, IT, auto, and banking stocks.However, Axis Bank, Shriram Finance, and Bajaj Finance were among the top laggards.Earlier in the s…