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#BQOpinion We are falling into the quicksand of a 1970s-style statism, warns @Raghav_Bahl as he warily awaits 2017.https://t.co/iAGzR8EVxL
— BloombergQuint (@BloombergQuint) December 29, 2016
Shares of the drug maker extended gains for a third day, although off the day’s high. The company announced it received a tentative approval for its Balasalazide Disodium Tablets from the U.S. Food and Drug Administration (FDA).
The approval will help the company to market the drug, which is a generic version of Salix Pharmaceuticals Inc’s Giazo Tablets. The medication is used by men to treat a certain bowel disease (ulcerative colitis).
Giazo tablets had U.S. sales of $0.79 million, according to IMS September 2016 data.
With the 50-day period for depositing of demonetised notes expiring tomorrow, Prime Minister Narendra Modi is set to address the nation before the dawn of the New Year.
However, it was not clear as to whether he would address the nation on Friday or Saturday.
In his address, the Prime Minister may speak about the roadmap post the demonetisation period especially on the steps likely to be taken to ease cash flow that has been a major problem ever since demonetisation took place.
He may also speak on the steps to deal with the problems the economy faces after the demonetisation was announced on November 8.
We are confident that over the next 2-3 years, the company will demonstrate increase in operating margins combined with a double-digit growth.”Rajesh Mehta, chairman, Rajesh Exports in press release.
Zydus Cadila acquires six brands from global pharma major MSD and its subsidiaries.https://t.co/lqJB8c7Btf pic.twitter.com/xoBlOtApgE
— BloombergQuint (@BloombergQuint) December 29, 2016
JMC Projects rallies after securing orders worth over Rs 1,457 crore.https://t.co/y73jJyu9qz pic.twitter.com/YIcKKquI4j
— BloombergQuint (@BloombergQuint) December 29, 2016
After yesterday's weakness, the rupee staged a mild recovery of 8 paise to 68.16 against the dollar at the forex market following fresh selling of the U.S. currency by banks and exporters.
Forex dealers said dollar's weakness against some currencies overseas and a better trend in early trade at the domestic equity market supported the local currency.
The rupee had lost 18 paise to close at a 4-week low of 68.24 in yesterday's trade on month-end dollar demand from importers coupled with sustained foreign capital outflows.
PTI
Movers & Shakers: IRB Infra, Sun Pharma, Reliance Industries And Many More
#ChartOfTheDay by @AgamVakil | Nifty’s moving averages poised for a ‘death cross’. pic.twitter.com/6fYiC4QhQM
— BloombergQuint (@BloombergQuint) December 28, 2016
External audit by Deloitte India says that NSE’s systems are prone to manipulation, reports @sajeetkm.https://t.co/DxXz7G0bXC
— BloombergQuint (@BloombergQuint) December 28, 2016
Did you know the new RBI Deputy Governor is also a lyricist and composerhttps://t.co/1fuqre3cU6 pic.twitter.com/lXxCoj8ykO
— BloombergQuint (@BloombergQuint) December 28, 2016
World’s most popular oil-tracking exchange traded fund missed out on 2016’s big crude rally, reports @danmurtaugh.https://t.co/9BnyYqPeOK pic.twitter.com/vBu5LvyKyF
— BloombergQuint (@BloombergQuint) December 28, 2016
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