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Image used for representational purpose only. File | Photo Credit: PTI The combined market valuation of six of the top-10 most-valued firms climbed ₹75,256.97 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. Last week, the BSE benchmark declined 338.3 points, or 0.39%. While Reliance Industries, Bharti Airtel, TCS, State…
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The Securities Markets Code (SMC) Bill draws a clear line on Securities and Exchange Board of India (SEBI) enforcement reach by imposing an eight-year statutory limit on inspections and investigations, a move aimed at preventing prolonged regulatory overhang on market participants. However, this eight-year limitation will not apply to cases that have a systemic impact…
Tuhin Kanta Pandey Pandey said SEBI has already set up working groups to suggest measures to deepen the agriculture and commodity derivatives ecosystem. File | Photo Credit: Reuters Markets regulator SEBI is planning to constitute a working group to review the non-agricultural commodity derivatives segment, its chairman Tuhin Kanta Pandey said on Saturday (December 20,…
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File image. | Photo Credit: Reuters Pfizer India and Cipla Limited has announced a partnership where Cipla now has the sole right to market, distribute and sell the cough syrup Corex Dx and Corex LS, the non-steroidal anti-inflammatory drug (NSAID) Dolonex, the proton pump inhibitor (PPI) Neksium and the oral antibiotic Dalacin C in India. Pfizer…
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A Fortis hospital building. Image used for representative purpose only. | Photo Credit: Reuters Fortis Healthcare on Saturday said it has inked a pact to acquire Bengaluru-based People Tree Hospital for ₹430 crore. The company has signed definitive agreements for the acquisition of the 125-bedded hospital in Yeshwanthpur, Bengaluru, by way of a 100% acquisition…
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