Mankind Pharma will buy the domestic formulations business of Panacea Biotec Pharma, a subsidiary of Panacea Biotec. The total consideration for the purchase will be around Rs.1,872 crore. Panacea Biotech is best known as the manufacturer of Sputnik-

The world’s largest online market place, Amazon, now plans to initiate criminal court proceedings against Future Retail for selling portions of its assets to Reliance group when the matter was still awaiting final court orders. Over the last few da

The ownership of UPL (formerly United Phosphorus Ltd) has always been a controversial issue with the Shroff family members continuously fighting among themselves. UPL has been in the news in the last few days and has been attracting a lot of buying i

The war between Russia and Ukraine is just one part of the story. The bigger challenge is that now the US and EU have imposed sanctions on Russia and there is also a virtual blockade of the Black Sea. As a result, exports to Ukraine and even imports

Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes.

Before we look at the current open offer made by the Burman family to the shareholders of Eveready, there is a little bit of history to delve into. Back in 2020, one of the group companies of the Khaitan group, McNally Bharat Engineering had gotten d

For a long time, Vodafone India has been sorely in need of capital buffers to spruce up its balance sheet. Now the board approval for the fund raising is in place. The board of Vodafone Idea has approved the proposal to raise funds up to Rs.14,500 cr

As Brent prices touched $117/bbl on Thursday, the million dollar question was whether the price of crude would touch $147 (the previous peak in 2008) first or would it scale back to $100/bbl. Both the possibilities but experts feel that the next few

It was another robust month of Feb-22 for merchandise exports (physical goods). The Commerce Ministry released preliminary data on the first working day of each month pertaining to the previous month. This comes much ahead of the actual trade data th

One of the world’s largest commodity groups and a leading diversified metals and mining conglomerate in India, Vedanta Ltd, has just declared its third interim dividend for the financial year FY22. The spike in dividend per share resulted in the pr

In the US, the FED follows a typical data path. First, the FOMC meet makes the rate announcement and discloses liquidity path. Secondly, the publication of the minutes follow after 21 days. After around one week, the FED chairperson testifi

In a move that was rather surprising, yet expected, Madhabi Puri Buch was appointed the chairperson of SEBI for a period of 3 years. She takes charge of the new role on 02nd March. One of the most respected financial industry veterans, Madhabi Puri B