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Indian IT and pharma stocks are not benefiting from a weaker rupee as expected. Tariff concerns are overshadowing currency gains. Investors are waiting for clarity on trade deals. Foreign investors have also been selling these stocks. Valuations remain a concern for pharma companies. Demand for IT services shows signs of improvement. Stock selection will be crucial for investors.
The Narcotics Control Bureau (NCB) on Monday said it has secured a “major conviction” in the case of illegal diversion of medical drugs involving a Haryana-based company via Gujarat’s Pipavav Port.According...
In a bid to reclaim market share, India is expanding its pharmaceutical exports to Afghanistan, focusing on providing high-quality medicines and technical support. This follows the closure of trade routes with Pakistan, creating opportunities for Indian generics.
After Dr Reddy’s Laboratories, Indian generic drug maker Natco Pharma has filed a fresh suit before the Delhi High Court seeking revocation of Danish pharma giant Novo Nordisk’s patent over semaglutide, a...
Akums Drugs and Pharmaceuticals Ltd. a listed drug manufacturer, informed the Bombay Stock Exchange that its president of Finance, Rajkumar Bafna, ste...
