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India's domestic air passenger traffic rose 3 percent (MoM)
Airline-wise market share in May:
Source: DGCA
Bharatiya Janata Party withdrew support from alliance with PDP government in Jammu & Kashmir.
BJP says:
India will soon achieve fiscal deficit target of 3 percent of Gross Domestic Product, Subhash Chandra Garg, economic affairs secretary said while talking to media persons in New Delhi.
Key highlights:
Shares of the Ahmedabad-based drugmaker rose as much as 2 percent to Rs 408.40 after Zydus Cadila received U.S. drug regulator's tetative approval for Tadalafil Tablets.
U.S. FDA has granted tentative approval to Zydu Cadila to market Tadalafil tablets. The drug is used to treat erectile dysfunction and symptoms of benign prostatic hypertrophy (enlarged prostate), Cadila Healthcare said in an exchange filing.
Shares of oil marketing companies were trading lower after Indian Oil cut petrol price by 8 paise per litre.
Buyers and sellers were not immediately known
Source: Bloomberg
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Shares of the Bengaluru-based drugmaker rose as much as 3.5 percent to Rs 419.75 after it received U.S. drug regulator’s approval for Ketoconazole Tablets.
Strides Pharma Global Pte. Ltd. has received final approval for Ketoconazole Tablets USP, 200 mg from the U.S. FDA, Strides Shasun said in an exchange filing.
Ketoconazole Tablets is a generic version of Nizoral Tablets, 200 mg, of Janssen Pharmaceuticals and is used to treat serious fungal infections in the body, the filing added.
Rural market has been stronger than urban market for Maruti Suzuki, RC Bhargava, chairman of Maruti Suzuki told BloombergQuint in an interview.
Key highlights of the conversation:
Shares of the Noida-based cable and broadband service provider fell as much as 4.4 percent to Rs 14.20 after its promoter Digital Satellite Media and Broadband sold 0.8 percent stake in the company.
Digital Satellite Media and Broadband sold 70.58 lakh shares at Rs 14.5 each while JSGG Infra Developers LLP bought 70.58 lakh shares, according to information available on stock exchanges.
Shares of the country's second largest private sector lender fell as much as 1.35 percent to Rs 289.05.
The bank's board has made changes to its top management and appointed ICICI Pru Life's Sandeep Bakshi as COO while its Managing Director and Chief Executive Officer Chanda Kochhar will go on leave till an independent probe into allegations of impropriety against her is completed.
Shares of the Hyderabad-based power infrastructure service company erased losses and rose as much as 2.65 percent to Rs 965.
The company has received work orders worth Rs 500 crore, Power Mech Projects said in an exchange filing.
Shares of the Mumbai-based glass products maker surged as much as 20 percent, the most in over 21 months, to Rs 1,064.15 after its board approved bonus issue of shares.
The board of directors approved bonus issue of shares in ratio of 3:1 that is its sharesholders will be issued three equity shares for every equity one share held, Borosil Glass Works said in an exchange filing.
The bonus shares are expected to be credited to shareholders' accounts by August 10.
Shares of the Goa-based chemical maker fell as much as 2.72 percent to Rs 654.80 after operations at its Paradeep facility were temporarily halted due to labour issues.
The stock has so far this year fallen 25 percent.
Shares of the Mumbai-based drugmaker rose as much as 3 percent to Rs 599.40 after the U.S. drug regulator approved its manufacturing facility in Monroe, North Carolina.
U.S. Food & Drug Administration provided its first supplemental Abbreviated New Drug Application (sANDA) approval for the company’s manufacturing facility in Monroe, North Carolina, the company said in an exchange filing.
The approval covers Atovaquone and Proguanil Hydrochloride Tablets, 250 MG/100 MG and 62.5 MG/25 MG, a generic version of GlaxoSmithKline’s Malarone, the exchange filing added.
Rally in midcap stocks has been put on hold by issue of auditors resigning from some companies, Jinesh Gopani of Axis Mutual Fund told BloombergQuint in an interview.
Key highlights of the conversation:
Saswata Guha of Fitch ratings told BloombergQuint in an interview that appointing Sandeep Bakshi as the COO of ICICI Bank is a positive move.
Key highlights of the conversation:
(As reported on June 18)
Siti Networks
CIL Nova Petrochemicals
Promoter and investor looking to divest 15% stake valuing Varroc Engineering at more than Rs 13,000 crore.https://t.co/dH159JPFL7 pic.twitter.com/yuNEOR9z9E
— BloombergQuint (@BloombergQuint) June 19, 2018
Petrol prices cut by 8 paise; Diesel prices remain unchanged for second consecutive day ⛽️https://t.co/dH159JPFL7 pic.twitter.com/LHqjkr8Lb6
— BloombergQuint (@BloombergQuint) June 19, 2018
Chanda Kochhar will go on leave till an independent probe into allegations of impropriety against her is completed.https://t.co/7HnHcPMbkh pic.twitter.com/dE5FGcFTEW
— BloombergQuint (@BloombergQuint) June 19, 2018
Donald Trump targets $200 billion in Chinese imports as spat grows.https://t.co/lGT4KnM2ni pic.twitter.com/hKqk6joPr4
— BloombergQuint (@BloombergQuint) June 19, 2018
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