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☆ Indian shares set for muted opening; TCS, Cipla in focus
▼ + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.

Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru

Torrent is hoping to secure roughly $3 billion to $4 billion in financing for the bid for its much bigger rival, they said. Blackstone (BX.N) is also interested in bidding for Cipla, sources have also said. Apollo is "quite bullish on their Asia strategy, and India in particular...both Cipla and Torrent have strong balance sheets," the person said. Apollo and Torrent, which has yet to confirm its interest in Cipla, did not immediately respond to a request for comment. Foreign banks, including Morgan Stanley (MS.N) and Barclays (BARC.L), are also in talks with Torrent to extend loans and arrange financing for the deal, sources have said.

Persons: Danish Siddiqui, Bernstein, Blackstone, Morgan Stanley, Abbott, Sriram, Aditya Kalra, Edwina Gibbs Organizations: REUTERS, Danish, pharma, Pharmaceutical, Apollo Global Management, Capital Partners, Bain Capital, Blackstone, Mumbai International, JSW, Barclays, Pfizer, Thomson Locations: Cipla, Mumbai, India, MUMBAI, DELHI, Asia

☆ Global Regulation of Essential Medicines Is a Dangerous Mess - The New York Times
▼ + stars: | 2023-09-11 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +3 min

has not released more recent numbers, and there is limited data on exactly how much of this comes from India. The global drug supply system is a vast and complex network. As of 2021, India manufactured 62 percent of the raw materials for drugs, known as active pharmaceutical ingredients. in 2001 set up a groundbreaking program to monitor safety and quality, called the Prequalification of Medicines Program or P.Q.P., which set global standards for H.I.V. The program is one of those unsung policies that keep the global health structure ticking.

Persons: —, Cipla Organizations: World Health Organization, Medicines Program Locations: India, China, United States, Europe, Sri Lanka, Gambia, Africa —, Saharan Africa, Indian

☆ Blackstone to submit bid for stake in India's Cipla- report
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

Employees and security staff work at the reception area of Cipla at its headquarters in Mumbai, India June 17, 2015. REUTERS/Danish Siddiqui/FILE PHOTOAug 4 (Reuters) - U.S. based private equity fund Blackstone (BX.N) will submit a bid next week to acquire a 33.47% stake in Indian drugmaker Cipla (CIPL.NS), the Economic Times reported on Friday, citing people in the know. Reporting by Manvi Pant in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Manvi, Savio D'Souza Organizations: REUTERS, Danish, Blackstone, Economic Times, Thomson Locations: Cipla, Mumbai, India, Manvi Pant, Bengaluru

☆ India's Glenmark Pharma reports lower Q4 profit as domestic sales weaken
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, May 19 (Reuters) - India's Glenmark Pharmaceuticals Ltd (GLEN.NS) reported a 12.3% decline in fourth-quarter profit on Friday, hurt by higher input costs and lower demand in its domestic drugs business. Consolidated profit before exceptional items and tax fell to 3.09 billion rupees ($37.78 million) for the three months ended March 31, from 3.52 billion rupees a year earlier, the cetirizine maker said in a stock exchange filing. Glenmark, which caters to the therapeutic areas such as diabetes, cardiovascular and oral contraceptives, reported a 11.5% rise in quarterly net sales. Input costs for the quarter rose 11% to 8.77 billion rupees from a year earlier. Glenmark Pharma shares had climbed 9.6% in the March quarter, comfortably outperforming the Nifty Pharma index (.NIPHARM) that fell 4.6%.

☆ GSK licenses companies to make cheap copies of HIV prevention drug
▼ + stars: | 2023-03-30 | by ( Maggie Fick | ) www.reuters.com time to read: +2 min

LONDON, March 30 (Reuters) - British drugmaker GSK (GSK.L) has signed deals with three companies allowing them to make inexpensive generic versions of its long-acting HIV preventive medicine for use in lower-income countries, where the majority of new HIV cases occur. The injected drug cabotegravir was approved by regulators in the United States in late 2021. Last July, GSK announced a program with the United Nations-backed healthcare organisation, the Medicines Patent Pool, aiming to get poor countries access to new HIV therapies far earlier than they did for previous HIV medicines. GSK said last year the new program could result in the generic form of its injection being available in lower-income countries beginning in 2026. The generic copies will be supplied in 90 countries, subject to regulatory approvals there, the statement said.

☆ Indian shares hit over 1-wk low; Adani group stocks fall
▼ + stars: | 2023-01-25 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

BENGALURU, Jan 25 (Reuters) - Indian stocks hit an over-one-week low in volatile trading on Wednesday, ahead of the monthly expiry of derivatives and the federal budget. The Nifty 50 index (.NSEI) was down 1% at 17,936.25 as of 11:17 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.96% to 60,394.36. Nifty's volatility index (.NIFVIX) climbed as much as 8.5% to 14.815 after hovering around the 14 mark for over a month. Auto stocks (.NIFTYAUTO) shed early gains to trade 0.2% lower, with Maruti Suzuki (MRTI.NS) and Bajaj Auto (BAJA.NS) the only gainers on the index. Maruti was up 0.8% on strong third-quarter earnings, while Bajaj Auto rose 0.3%.

☆ Indian shares open lower on Fed rate hike fears, China COVID-19 woes
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 23 (Reuters) - Indian shares opened lower in broad-based declines on Friday after robust U.S. economic data revived concerns over higher interest rates, while a surge in COVID-19 infections in China also dampened risk appetite. The Nifty 50 index (.NSEI) was down 0.78% at 17,988 as of 9:30 a.m. IST, dropping below the 18,000 mark for the first time since Nov. 10. Reuters GraphicsChina is expecting a peak in COVID-19 infections within a week, a health official said, sparking concerns across the world. The one exception was the pharma index, <.NIPHARM>, which rose 1.36% on news that India is ready to step up exports of fever medicines to China. Asian markets also declined after the slide in U.S. shares, with the MSCI Asia ex Japan (.MIAPJ0000PUS) falling 0.94%.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ Indian shares tipped to open lower on subdued global sentiment
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Francis Mascarenhas/FilesRegister now for FREE unlimited access to Reuters.com RegisterBENGALURU, Sept 23 (Reuters) - Indian shares are expected to open slightly lower on Friday as global risk sentiment remained subdued amid renewed worries over economic growth that was amplified by Russia's threat to use nuclear weapons. The NSE Nifty 50 index (.NSEI) ended 0.5% lower at 17,629.80 on Thursday, while the S&P BSE Sensex (.BSESN) dropped 0.57% to 59,119.72. read more** Tata Steel (TISC.NS) on Thursday approved the amalgamation of Tata Steel Long Products, Tinplate Co, Tata Metaliks, TRF, Indian Steel & Wire Products, Tata Steel Mining with the company. ** Bombay Dyeing And Mfg Co (BDYN.NS) approved raising of funds worth up to 9.40 billion Indian rupees on rights basis. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ ВОЗ запускает кампанию по оказанию помощи людям, пытающимся бросить курить
▼ + stars: | 2020-12-09 | by ( Mld Media Srl | ) noi.md time to read: +4 min

Сегодня ВОЗ запускает годичную глобальную кампанию по проведению Всемирного дня без табака в 2021 году — “Возьмите на себя обязательство бросить курить». Новая акция от ВОЗ Quit Challenge на WhatsApp и публикация “более 100 причин бросить курить» выходят сегодня, чтобы отметить начало кампании, передает spini.org. Пандемия COVID-19 привела к тому, что миллионы потребителей табака заявили, что хотят бросить курить. ВОЗ вместе с партнерами будет создавать и наращивать цифровые сообщества, где люди смогут найти социальную поддержку, необходимую им для того, чтобы бросить курить. *Основными странами проведения кампании являются:Демократическая Республика Тимор-ЛештиФедеративная Демократическая Республика ЭфиопияФедеративная Республика ГерманияФедеративная Республика НигерияФедеративная Республика БразилияИорданское Хашимитское КоролевствоИсламская Республика ИранИсламская Республика ПакистанНародная Республика БангладешКитайская Народная РеспубликаРеспублика ИндияРеспублика ИндонезияРеспублика ФилиппиныРеспублика ПольшаЮжно-Африканская РеспубликаРеспублика СуринамТурецкая РеспубликаРоссийская ФедерацияСоциалистическая Республика ВьетнамМексиканские Соединенные ШтатыСоединенные Штаты АмерикиУкраина

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