Biocon Biologics said that it has entered into a long-term commercial collaboration with Eris Lifesciences to expand patient access to its portfolio of Metabolics, Oncology, and Critical Care products in India.Shares of Biocon fell over 4 percent on March 15 after its subsidiary Biocon Biologics' India-branded formulation business was acquired by Eris Lifesciences, a chronic therapy-focused drug f...

Shares of Adani Group companies remained under pressure on Friday as global index provider MSCI reduced the quantum of freely tradable shares in its calculation for some of the firms.The MSCI has changed the foreign inclusion factor in Adani Transmission, Adani Total Gas and Adani Enterprises, which could lead to estimated outflows of $416 million in these companies. The MSCI passive trackers wi...

The rout in Adani Group stocks resumed on Thursday after Wednesday’s rise, as Morgan Stanley Capital International (MSCI) said that some Adani group stocks should no longer be designated as free float after investors raised concerns over the eligibility of the Adani companies for some of its indexes. MSCI announced that any changes to the free float and market capitalisation of Adani Group stock...

Domestic indices were trading in red in the intraday trade on Friday. The BSE Sensex was down 156.68 points or 0.26% at 60,701.75 and NSE Nifty 50 slipped below 18050, trading 61.90 pts or 0.34% down at 18,045.95. All the broader market indices were trading in red with the Nifty 100 falling 0.06%, Nifty Midcap 100 dropping 0.26%, Nifty LargeMidcap down 250 down 0.18% and Nifty Total Market plungin...

2022 has been the “Year of resilience” for India, largely driven by strong domestic consumption, which saw pent-up demand soaring for everything from homes to cars and consumer goods to services such as hospitality, travel, and leisure. Retail Credit has grown almost 20-25% and that has been one of the drivers for economic growth.  So whether it is at an individual level or at an economy lev...