Hindustan Aeronautics Ltd (HAL) is likely to be included in the MSCI Standard Index, when the index provider will review the constituents once again in May 2023, according to Nuvama Institutional Equities. The brokerage said, based on its calculations and understanding of methodology, HAL holds a high chance to get included in the May 2023 … Read more
Kotak Special Situations Fund, managed by Kotak Investment Advisors, on Wednesday announced an investment of Rs 1,070 crore in Biocon. The proceeds will be used to finance Biocon Biologics’ acquisition of the biosimilars business of its partner Viatris to create a global vertically integrated biosimilars player. With the current investment in Biocon, the Kotak Special … Read more
MSCI Inc will announce the results of the quarterly review of its global standard indices later Thursday. The proposed changes will come into effect as of the close of February 28. Dalal Street will have its eyes glued to it given that several foreign investors use the MSCI indices as a gauge to invest in … Read more
Indian market closed in the red on Wednesday amid muted global cues and F&O expiry. The S&P BSE Sensex fell more than 700 points while the Nifty50 failed to hold on to 17900 levels. Sectorally, selling was seen in utilities, power, banks, telecom, and the public sector. Stocks that were in focus include names like … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more
New Delhi: ‘s founder Falguni Nayar has pipped Kiran Mazumdar to become the richest self-made Indian, according to IIFL Wealth Hurun India Rich List 2022 released on Wednesday. The 59-year-old Nayar raced passed ‘s Shaw (68) after the successful listing of FSN E-Commerce Ventures, the parent company of omnichannel Nykaa. Nayar is also the richest … Read more
It intends to work with citizens, especially those who work in the health system apart from the Indian government. In what is arguably a first-of-its-kind exercise, a new initiative that aims to lay out the roadmap to achieving universal health coverage for the people of India was digitally launched on Friday, December 11th. Called the … Read more
Our US partners are also very keen to start a trial of the psoriasis drug on severe Covid-19 patients in the US, says Chairperson & MD, Biocon. Last weekend you had a news flow which you shared with your shareholders and more importantly with all the consumers that there is a drug which was used … Read more