Sun Pharmaceutical Industries Limited, in collaboration with Israel-based Moebius Medical Limited, has announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation (FTD) for MM-II, a novel treatment targeting osteoarthritis knee pain. MM-II is formulated using large liposomes of DPPC and DMPC, which have shown potential in addressing the unmet medical …
The Insurance Regulatory and Development Authority of India (IRDAI) has instructed insurance companies to upgrade their IT systems to work with Digilocker, making it easier for policyholders to use the service. In its new Master Circular on Policyholder Protection, under the Irdai Regulations 2024, the regulator combined 30 previous circulars into one document. This circular …
The microfinance sector is expected to experience a gradual stabilisation towards the end of the third quarter, with a noticeable improvement anticipated from the fourth quarter onwards. This optimistic outlook is contingent upon the effective implementation of guardrails by lenders, as projected by a prominent stock broking firm. Despite this forecast, the sector continues to …
On September 5, 2024, EKI Energy Services Ltd unveiled EKI Academy, a new educational initiative designed to train individuals and organisations in environmental services. The Academy aims to cultivate a new generation of climate advocates through a comprehensive curriculum covering key areas such as GHG footprint accounting, carbon offset project development, and ESG and sustainability …
India’s growth in 2024 and beyond will be strongly driven by major advancements in key sectors, with infrastructure development playing a crucial role. Infrastructure is essential for India to become a US $26 trillion economy. The government has demonstrated its commitment to future infrastructure through several recent initiatives. The US $1.3 trillion national master plan, …
Cement is crucial in shaping the infrastructure, from towering skyscrapers and sprawling residential communities to essential roadways and bridges. The market size of India’s cement industry reached 3.96 billion tonnes in 2023 and is likely to touch 5.99 billion tonnes by 2032, reflecting a CAGR of 4.7% during 2024-32. Investing in cement stocks showcases a …
Tata Motors is set to strengthen its position in the SUV market with the introduction of its new mid-size SUV coupe, the Curvv, priced starting at ₹9.99 lakh. The Mumbai-based automaker, which unveiled the electric version of the Curvv in August, is entering a segment currently led by South Korean and Japanese brands. The Curvv …
DSP Mutual Fund is set to launch a unique passive fund or ETF that will equally invest in the top 10 companies of the Nifty 50 index. This move comes at a time when investor interest is shifting towards mid and small-cap stocks, leaving large-cap companies relatively undervalued. The proposed fund will focus on heavyweight …
On August 12, benchmark indices Nifty and Sensex ended nearly unchanged, erasing all of their earlier gains. Nifty 50 and Sensex were down 0.08% at the close, closing at 24,347 and 79,648, respectively. Top Gainers and Losers Now, speaking of sectors, all sectors appeared in the green, with Nifty Realty, Nifty Consumer Durables, Nifty Metal, …
On August 05, 2024, the benchmark indices Nifty 50 was down 2.68% to close at 24,055.60, and Sensex was down 2.74% to close at 78,759.40. Top Gainers and Losers On the sectoral front, Nifty Metal, Nifty Media, Nifty Realty, Nifty Auto, Nifty Oil and Gas, and Nifty IT were declining. The top gainers were Hindustan …
