Fed raises rates by 75 basis points to double down on inflation

Fed raises rates by 75 basis points to double down on inflation

Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation — but risking a sharp blow to the economy. Policy makers, facing the hottest price pressures in 40 years, lifted the target range for the federal […]

Lupin bags USFDA approval for Azilsartan Medoxomil Tablets; stock rises

Lupin bags USFDA approval for Azilsartan Medoxomil Tablets; stock rises

Lupin Limited announced that the United States Food and Drug Administration (FDA) has approved its Abbreviated New Drug Application (ANDA), Azilsartan Medoxomil Tablets, 40 mg, and 80 mg, to market a generic equivalent of Azurity Pharmaceuticals, Inc.’s Edarbi Tablets, 40 mg, and 80 mg. Lupin’s facility in Nagpur, India, will manufacture the product. In the […]

Chitra says phones of staff tapped to check information leaks: Officials

Chitra says phones of staff tapped to check information leaks: Officials

Former National Stock Exchange (NSE) managing director Chitra Ramkrishna has told the Enforcement Directorate (ED) that the monitoring of phones at the bourse was done to ensure there was no leak of critical data, including passwords and reports, to the competitors, people familiar with the development said. ED has, however, countered her claims saying the […]

Rakesh Jhunjhunwala Stock: Brokerage bullish on this Tata Group firm shares despite below estimate Q1 results – here’s why

Rakesh Jhunjhunwala Stock: Brokerage bullish on this Tata Group firm shares despite below estimate Q1 results – here’s why

Rakesh Jhunjhunwala Stock: Despite below estimate first-quarter earnings in fiscal 2022-23, Prabhudas Lilladher, a domestic brokerage firm, is bullish on this Rakesh Jhunjhunwala-backed Tata Group company stock – Rallis India on the back of strong management commentary during the June-end quarter. The management remained hopeful of good monsoons however remained cautious on high channel inventory amid […]

Ajay Bagga is bullish on this sector, here’s why

Ajay Bagga is bullish on this sector, here’s why

“The good news is that legendary investors like Warren Buffett, Howard Marks have started allocation,” says market expert Ajay Bagga. The one thing that changed in the past week was FIIs turning positive on the Indian markets. Do you see this trend to be continuing going forward as well? Are you seeing the dynamics of […]