Good morning!
Here are the top stories to start your day.
For more updates on F&O. Click here.
⭐ Sun Pharma completes acquisition
Sun Pharma has completed the acquisition of US-based Concert Pharmaceuticals. In January 2023, the company inked a pact to acquire Concert for $576 million, which makes drugs to treat alopecia areata conditions. Sun Pharma management says the acquisition will expand the company's global reach and commercial capabilities.
⭐ IGL signs JV to set up smart meter plant
Indraprastha Gas has announced a joint venture with Genesis Gas Solutions to set up a smart meter manufacturing plant. The integrated plant will manufacture diaphragm gas meters with an installed capacity of one million meters. The plant will incur a capital expenditure of ₹110 crore.
⭐NBCC wins multiple orders
Construction firm NBCC (India) has secured multiple projects in different states. The total cost of the projects is ₹541 crore. It includes the construction of a hospital in Himachal Pradesh, developing a new industrial estate in J&K and construction of Indian Oil campus in Bhubaneswar.
Global markets (at 8:00 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.71% |
| Nikkei 225 (Japan) | ▲ 0.22% |
| Hang Seng (Hong Kong) | ▼ 2.29% |
| SSE Composite (China) | ▼ 0.32% |
| Dow Jones (US) (March 07) | ▼ 1.72% |
| NYSE (US) (March 07) | ▼ 1.75% |
| Nasdaq (US) (March 07) | ▼ 1.25% |
| S&P 500 (US) (March 07) | ▼ 1.53% |
Fact of the day
Jubilant Foodworks, operator of Domino's Pizza, has introduced 20 minutes delivery service
Source: Business Standard