Glenmark Pharmaceuticals witnessed a sharp decline in its stock price after the US Food and Drug Administration (FDA) issued a product recall that shook investor confidence. The pharmaceutical major saw its shares tumble by nearly 7% on Wednesday, April 9, following reports of a Class-II recall involving 39 of its drug products shipped to the …
In a surprising turn, shares of Infosys Ltd fell by 1.76% on April 9, closing at ₹1,404.20 on the Bombay Stock Exchange, despite the company announcing a significant extension of its partnership with Allied Irish Banks (AIB). This new deal is aimed at boosting AIB’s digital transformation journey, particularly across its operations in Ireland and …
In a move that could impact daily budgets, Mahanagar Gas Limited (MGL) has increased prices of both piped natural gas (PNG) and compressed natural gas (CNG) in the Mumbai Metropolitan Region. This development has also led to a drop in the MGL share price, which fell by over 5% during Wednesday’s trading session. MGL Hikes Prices …
April 7 witnessed a global market sell-off triggered by escalating trade war tensions. Amidst the chaos, Siemens Limited stood out as one of the most discussed stocks on Dalal Street. While benchmark indices showed signs of panic, Siemens caught the attention of investors due to a major corporate development— demerger. Siemens Energy India Demerger Officially …
The Coal India share price was up 0.78% and was trading at ₹380.45 on Tuesday at 9.32 AM. This comes after a recent Supreme Court ruling granting states the power to tax mineral rights and mineral-bearing lands retrospectively. The company will pay around ₹38,000 crore to state governments. However, it expects to recover nearly 80% of this …
Siemens Energy India, now a separate company from Siemens Ltd, announced its new board of directors on Tuesday. Sunil Mathur will be the chairman of this board. He is the Managing Director and CEO of Siemens. The board meeting on March 25 appointed him. Key Leadership Changes Guilherme Mendonca has taken over as the Managing …
On April 9, 2025, BSE Sensex closed at 73,847.15, down 0.51%, while Nifty50 settled lower at 22,399.15, down 0.61%. Amidst the market pressure, stocks like Blue Jet, Transformers And Rectifiers (India), and Godfrey Phillips hit circuit limits. Here’s the full list of circuit hitters today. Stocks That Hit Lower Circuit on April 9, 2025 Symbol LTP …
NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, has officially announced the incorporation of a new joint venture company named NTPC-MAHAPREIT Green Energy Limited to develop a massive 10 GW Renewable Energy Parks. This entity, incorporated on 8th April 2025, marks a strategic partnership between NGEL and Mahatma Phule Renewable Energy and Infrastructure …
Concord Biotech Limited, a pharmaceutical company headquartered in Gujarat, India, has achieved a significant milestone with its latest announcement. On April 8, 2025, the company disclosed that it has secured final approval from the United States Food and Drug Administration (USFDA) to market Teriflunomide tablets in 7 mg and 14 mg dosages. This approval marks …
In a strategic move to broaden its financial operations, GAIL (India) Limited has incorporated a wholly owned subsidiary—GAIL Global IFSC Limited—within the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), Gujarat. This development aligns with the company’s vision to enhance its global presence and capital management capabilities through structured financial channels …
