On September 12, 2014 11:06 (IST)
According to reports, the drugmaker's US subsidiary Taro has recalled a blood clot drug because it reportedly did not meet US Food and Drug Administration standards.
On September 11, 2014 11:10 (IST)
The move was likely triggered by increased drug recalls from the Halol plant, analysts say. Other analysts said an inspection was due because the US regulator had last visited the Halol plant in September 2012.
On August 21, 2014 14:12 (IST)
Pharma shares which were the market leader on Wednesday witness some profit booking today. The pharma sub-index of National Stock Exchange was down 0.7 per cent. Dr. Reddy's Lab fell 1.86 per cent whereas Lupin and Sun Pharma were down around 1 per c...
On August 20, 2014 14:24 (IST)
Ranbaxy Laboratories was up 4 per cent, while Sun Pharmaceutical Industries gained 4.2 per cent after marking an all-time high of Rs 839.
On August 20, 2014 12:27 (IST)
Shares in Dena bank and Oriental Bank of Commerce (OBC) fell as low as 5 per cent on reports that Mumbai-based branches of these banks have misappropriated funds to the tune of Rs. 436 crore.
On August 12, 2014 08:58 (IST)
The Nifty is likely to open higher on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors remained net sellers of Indian equities to the tune of Rs 163 crore whereas domestic investors bought shares worth Rs 234 crore...
On June 27, 2014 18:26 (IST)
Broader gains were however capped as Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the US economy, which pushed bonds higher.
On June 24, 2014 09:22 (IST)
The Nifty opened higher on Tuesday. Foreign investors sold Indian equities worth Rs 214 crore on Monday, while domestic investors bought shares worth Rs 117 crore. The Nifty fell for a fourth straight session on Monday, marking its lowest close in 2-...
On May 26, 2014 10:38 (IST)
The Andhra Pradesh High Court last month ordered an "interim status quo" on the deal, pending a decision on a petition for a probe into alleged insider trading. The petition was filed in late April by two individuals who requested that the court ask ...
On May 05, 2014 18:30 (IST)
Sun Pharma said it had "no access to non-public information of Ranbaxy" when its unit Silverstreet bought shares in Ranbaxy.
On April 30, 2014 10:16 (IST)
Ranbaxy shares fell as much as 3.7 per cent in early trade on Wednesday, while shares in Sun Pharma fell as much as 2.7 per cent on the back of the decision from Andhra Pradesh High Court to maintain interim status quo on the Sun Pharma-Ranbaxy merge...
On April 29, 2014 17:14 (IST)
The petitioners alleged that there was heavy trading of Ranbaxy stock before the merger with Sun Pharma was announced on April 6, and requested the court to direct the SEBI to investigate the insider trading of Ranbaxy shares and take appropriate act...
On April 29, 2014 10:28 (IST)
Although Nomura says Ranbaxy shares look expensive on valuation, it notes the stock should now move in tandem with Sun Pharma, hence the steep increase in its target price.
On April 28, 2014 13:35 (IST)
Phrama stocks were the big gainers today. On the Nifty, Cipla rose as much as 3 per cent, while Dr Reddy's traded 1.6 per cent higher. Sun Pharma shares advanced 1.6 per cent and Lupin rose 1.4 per cent.
On April 22, 2014 12:51 (IST)
Mid-size pharma stocks have seen buying interest since the $3.2 billion Sun Pharma-Ranbaxy deal announced earlier this month.
On April 09, 2014 16:55 (IST)
Ranbaxy shares had surged 24 percent in the three trading sessions leading up to the announcement on Monday that Sun Pharmaceutical had agreed to buy it for $3.2 billion.
On April 09, 2014 14:04 (IST)
Ranbaxy shares surged 24 per cent in the three trading sessions leading up to the announcement on Monday that Sun Pharmaceutical had agreed to buy Ranbaxy for $3.2 billion.
On April 08, 2014 11:16 (IST)
In a big ticket acquisition, Sun Pharma yesterday announced that it will acquire Ranbaxy in a $4 billion all-stock deal. The combined entity of Sun-Pharma and Ranbaxy will become the largest drug company in India and one of the largest speciality gen...
On April 07, 2014 12:56 (IST)
Shares in Ranbaxy, however, dropped as much as 5.5 per cent on profit taking. Ranbaxy shares have gained 26 per cent over the last week as compared to a 0.12 per cent drop in the BSE Sensex. Ranbaxy shareholders will receive 0.8 share of Sun Pharma f...