X

Zydus Lifesciences receives USFDA nod

Good morning!

Here are the top stories to start your day.


For more updates on F&O. Click here.


⭐ Zydus Lifesciences receives USFDA nod

Pharma company has received approval from the USFDA to market generic drugs apixaban and olmesartan medoxomil & hydrochlorothiazide tablets. Both drugs had annual sales of $18,876 million and $41.7 million, respectively in the United States.

⭐ India’s core sector output rises

India’s core industrial output registered a 7.8% growth in January 2023, against a 4% growth during the same period last year. The core sector comprises eight key infrastructure industries, including coal, fertilisers and others. These industries have over 40% weightage in the index of industrial production (IIP).

⭐ SEBI gives go-ahead to three IPOs

As many as three companies have received a go-ahead from market regulator SEBI to raise funds through IPO. Staffing firm FirstMeridian Business Services, gas distributor IRM Energy and textile machinery firm Lohia Corp have received go-ahead to float initial share-sale.


Global markets (at 9:30 AM today)

Indices Today's movement
SGX Nifty 0.42%
Nikkei 225 (Japan) 0.15%
Hang Seng (Hong Kong) 3.37%
SSE Composite (China) 0.89%
Dow Jones (US) (February 28) ▼ 0.71%
NYSE (US) (February 28) ▼ 0.45%
Nasdaq (US) (February 28) ▼ 0.10%
S&P 500 (US) (February 28) ▼ 0.30%

Fact of the day

As per a new industry report, 5G services could contribute $450 billion to India’s GDP by 2040

Source: Business Standard

Categories: Morning Update