Sunday, December 10, 2023

Zydus Lifesciences inks licensing pact with Daewoong Pharmaceutical

Zydus Lifesciences inks licensing pact with Daewoong Pharmaceutical Zydus Worldwide DMCC, a wholly-owned subsidiary, and Daewoong Pharmaceutical Co Ltd have entered into an exclusive licensing agreement to co-develop and commercialise Leuprolide Acetate for depot suspension in six dosage strengths for the US market, Zydus Lifesciences said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/rucI6iB

Nifty at 21k – time to buy more or book the gains?

Nifty at 21k – time to buy more or book the gains? We expect calendar 2024 to be an eventful but volatile year, that should give investors ample opportunity to buy the lows

from Moneycontrol Business News https://www.moneycontrol.com/news/business/nifty-at-21k-–-time-to-buy-more-or-bookgains_17365401.html

Thursday, December 7, 2023

Adani Green lays out initial plan for repaying $750 million bond

Adani Green lays out initial plan for repaying $750 million bond Adani Green Energy Ltd., part of billionaire Gautam Adani’s empire, will redeem the notes in full by the due date, it said in a filing to the Singapore stock exchange. It said the bond’s underwriters will provide a funding letter for $675 million. The filing also lists $75.47 million in restricted reserves.

from Moneycontrol Business News https://ift.tt/vjXrp3c

Tata plans new iPhone factory to hasten Apple’s India expansion

Tata plans new iPhone factory to hasten Apple’s India expansion Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/tata-plans-new-iphone-factory-to-hasten-apple’s-india-expansion_17363271.html

Wednesday, December 6, 2023

Constitutional or not, wealth taxes are bad economics

Constitutional or not, wealth taxes are bad economics Subjecting companies to an annual tax on their value would create an incentive to keep companies private, because the firm#39;s value will be easier to manipulate. A tax on unrealised gains would probably lead to wealthy people keeping most of their wealth in privately owned assets. This reduces transparency and deprives others the chance to invest in growing companies

from Moneycontrol Business News https://ift.tt/B45oXsj

Adani group’s $79 billion rally makes a winner of GQG’s Rajiv Jain

Adani group’s $79 billion rally makes a winner of GQG’s Rajiv Jain The sharp rebound in listed stocks of Indian billionaire Gautam Adani has proved to be a windfall for the emerging-market investor, just nine months after his firm GQG Partners Inc. bought into the Indian conglomerate.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/adani-group’s-3679-billion-rally-makeswinnergqg’s-rajiv-jain_17362311.html

Tuesday, December 5, 2023

Apple asks component suppliers to source iPhone 16 batteries from India

Apple asks component suppliers to source iPhone 16 batteries from India Apple has informed component suppliers of its preference to source batteries for the forthcoming iPhone 16 from Indian factories.

from Moneycontrol Business News https://ift.tt/KoYHF5W

The murky uses of India’s private credit funds

The murky uses of India’s private credit funds Alternative funds will continue to be the fastest-growing segment of India’s investment landscape. This growth was made possible by light-touch regulation: As conduits of foreign capital into the country, the industry has enjoyed a lot of latitude. But now that the local saver is getting entangled, expect an end to private funds’ freewheeling ways

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-murky-usesindia’s-private-credit-funds_17361191.html

Monday, December 4, 2023

US examined Hindenburg allegations before giving loan to Adani

US examined Hindenburg allegations before giving loan to Adani Allegations in a scathing report by US-based Hindenburg Research, which erased around $100 billion from the Adani Group’s market value earlier this year, were front and center as the International Development Finance Corp., or DFC, conducted a due diligence investigation of the conglomerate, an official from the US agency told Bloomberg.

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Adani’s clean power arm to invest $22 billion towards 2030 goal

Adani’s clean power arm to invest $22 billion towards 2030 goal Focusing on the Indian market before exploring foreign expansion is both in the “national interest and economic interest” for the company, Chief Executive Officer Amit Singh told Bloomberg Television at the United Nations COP28 climate summit in Dubai on Monday.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/adani’s-clean-power-arm-to-invest-3622-billion-towards-2030-goal_17359401.html

Sunday, December 3, 2023

BlackRock stake in Suzlon Energy crosses 5% level

BlackRock stake in Suzlon Energy crosses 5% level "The aggregate holdings of BlackRock, Inc. (on behalf of discretionary management clients) in Suzlon Energy Limited has moved above 5 per cent," a regulatory filing has said.

from Moneycontrol Business News https://ift.tt/tJZOjdH

LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...