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FDC at 52-wk high as Goa plant gets GMP certificate from UK drug regulator

FDC at 52-wk high as Goa plant gets GMP certificate from UK drug regulator

Shares of FDC hit a 52-week high of Rs 222 on the BSE after rallying 5 per cent in intra-day trade on Friday in an otherwise range-bound market after the drug company received good manufacturing practice (GMP) certificate from UK drug regulator for its Goa plant. The stock surpassed its previous high of Rs 220, recorded on May 27, 2019.

The Company has received GMP certificate and it continues with its approved status from UK MHRA (Medicines and Healthcare Products Regulatory Agency), for two of its Oral solid Dosage form facilities situated at L-56/57 and L-121 in Verna, Goa, FDC said in an exchange filing.

Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

The pace of year on year growth in commercial bank credit more than halved to 7.1 per cent at end fortnight (December 20, 2019) from 15.11 per cent a year ago, data released by the Reserve Bank of India revealed.

Between December 6 and December 20, lenders disbursed Rs 12,519 crore, taking outstanding of scheduled commercial Rs 99.47 trillion, according to Reserve Bank of India data.

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

Shares of information technology (I-T) companies surged on Friday, buoyed by a fall in Indian Rupee against the US dollar after a key Iranian and Iraqi military personnel were killed by a US airstrike that sent the oil prices soaring.

Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed early on Friday in an air strike on their convoy at Baghdad airport, Reuters reported.

Amit Shah says protests against CAA political, blames Congress leaders

Amit Shah says protests against CAA political, blames Congress leaders

Home Minister Amit Shah said on Thursday the protests against the Citizenship Amendment Act (CAA) are "mostly political" and insisted that no Indian will lose her nationality because of the legislation.

Shah also challenged Congress leaders Rahul Gandhi and Priyanka Gandhi to show one clause in the CAA under which anyone is going to lose Indian citizenship.

Amazon threatened to fire climate activists, says employee group

Amazon threatened to fire climate activists, says employee group

A group of Amazon.com employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs.

Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they were in violation of the company’s policies on workers speaking to the press and on social media.

Realty company Peninsula Land defaults on repayment of loan from SBI

Realty company Peninsula Land defaults on repayment of loan from SBI

Peninsula Land Ltd, a real estate company promoted by Ashok Piramal Group, has defaulted on repayment of a loan from the State Bank of India (SBI).

The default of Rs 2.35 crore happened on November 30, 2019 on term loan of Rs 177.7 crore. The default is on payment of interest and principal component of the loan. The rate of interest is 9.95 per cent, according to company's filing with exchanges.

Royal Enfield sales down 13% at 50,416 units in December; exports down 14%

Royal Enfield sales down 13% at 50,416 units in December; exports down 14%

Niche bike maker Royal Enfield on Thursday reported 13 per cent decline in total sales at 50,416 units in December.

The company had registered total sales of 58,278 units in the same month a year ago, Royal Enfield said in a statement.

Domestic sales in December were at 48,489 units as against 56,026 units in the year-ago month, down 13 per cent, it added.

Apollo Hospitals up 5% as IRDA approves stake sale in Apollo Munich to HDFC

Apollo Hospitals up 5% as IRDA approves stake sale in Apollo Munich to HDFC

Shares of Apollo Hospitals Enterprise jumped 5.2 per cent to Rs 1,501.5 per share on the BSE on Thursday after the company said Insurance Regulatory and Development Authority of India (IRDAl) has approved HDFC's bid to acquire 51.2 per cent stake in Apollo Munich Health Insurance Company (AMHI). Competition Commission of India (CCI), and Reserve Bank of India (RBI) have already approved the deal.

Bajaj Auto total sales dips 3% to 336,055 units in Dec 2019; exports up 13%

Bajaj Auto total sales dips 3% to 336,055 units in Dec 2019; exports up 13%

Bajaj Auto on Thursday reported a 3 per cent decline in total sales at 3,36,055 units in December 2019.

The firm had sold a total of 3,46,199 units in December 2018, Bajaj Auto said in a statement.

Total domestic sales were down 15 per cent at 1,53,163 units as compared to 1,80,351 units in the year-ago month, it added.

Tata Sons move SC, challenges NCLAT order restoring Mistry as chairman

Tata Sons move SC, challenges NCLAT order restoring Mistry as chairman

Tata Sons on Thursday moved the Supreme Court challenging the December 18 decision of the NCLAT restoring Cyrus Mistry as the executive chairman of the group.

The Tata Group sought stay of the verdict by which the National Company Law Appellate Tribunal (NCLAT) ruled as "illegal" the appointment of N Chandrasekaran as head of the holding company of over $110 billion salt-to-software conglomerate.

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