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Marksans Pharma Shares Surge 9% on US FDA Approval of Pain Relief Tablet

Marksans Pharma Shares Surge 9% on US FDA Approval of Pain Relief Tablet

12 July 2023

Marksans Pharma Ltd (NSE: MARKSANS; BSE:524404) announced that it has received final approval from the US Food and Drug Administration (“FDA”) for its Abbreviated New Drug Application (“ANDA”) for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg, over the counter (“OTC”) bioequivalent of Advil Dual Action Tablets 250 mg/125 mg.  The Acetaminophen and Ibuprofen Tablets, 250 …

Avalon Technologies: Remarkable 58% returns from flat listing

Avalon Technologies: Remarkable 58% returns from flat listing

12 July 2023

Business Overview  Avalon Technologies Limited is an Indian company that specializes in electronic manufacturing services (EMS). They offer a comprehensive range of services, from printed circuit board (PCB) design and assembly to complete box-build solutions. Their customer base consists of global original equipment manufacturers (OEMs) located in countries such as the United States, China, Netherlands, …

GST Council Levied 28% GST on Online Gaming & Casinos

GST Council Levied 28% GST on Online Gaming & Casinos

12 July 2023

The Goods and Services Tax Council decided to levy 28% GST on online gaming, horse racing, and casinos at full value, Union Finance Minister Nirmala Sitharaman said after the conclusion of the council’s 50th meet on Tuesday.  Simultaneously, there has been a decision to lower the tax rate for uncooked/unfried snack pellets, cancer medicine, and …

These three stocks created a new 52-week high today, July 11, 2023

These three stocks created a new 52-week high today, July 11, 2023

11 July 2023

After achieving a significant milestone by reaching the 19,500 mark, the broader Nifty50 index encountered a hurdle. On July 6, the Nifty50 index achieved a new all-time high of 19,512.20. However, on the subsequent day, it surpassed that record and reached an even higher level of 19,523.60. Since then, the Nifty50 has been trading within …

Gujarat Pipavav Port shares jump on handling more containers Cargo

Gujarat Pipavav Port shares jump on handling more containers Cargo

11 July 2023

Gujarat Pipavav Port share surges on reporting 6.42% growth in container cargo handling in Q1FY24.The company handle record 199 thousand TEUs Containers Cargo in first quarter of FY24 as compared to 187 thousand TEUs Containers handled in Q1FY23. The company has also handled Dry Bulk Cargo of 0.67 million metric tons declined from 0.93 million …

DCB Bank jumps on entering into partnership with Max Life Insurance Company

DCB Bank jumps on entering into partnership with Max Life Insurance Company

11 July 2023

At 2:30 pm, the shares of DCB Bank were trading at Rs 127.60, up by 2.00% from its previous closing of Rs 125.10 on the BSE.  DCB Bank has entered into partnership with Max Life Insurance Company. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the …

Cyient DLM continues its upward surge; jumps 25% since listing!

Cyient DLM continues its upward surge; jumps 25% since listing!

11 July 2023

Cyient DLM, established in June 1993, is a trusted partner and supplier of electronic and mechanical manufacturing systems to major players across various industries. They offer Design Led Manufacturing (DLM) solutions, taking responsibility for design, manufacturing, testing, and certification support. Their focus is on ensuring that customers’ products meet rigorous standards in terms of reliability, …

IFGL Refractories jumps 10%; here’s why!

IFGL Refractories jumps 10%; here’s why!

11 July 2023

The bulls on the D-Street were charging with unyielding vigour, propelling both key benchmark indices to new heights. With the Nifty soaring above the 19,500 mark and the Sensex breaching the 65,800 mark, the market was abuzz with excitement. The enthusiasm extended beyond the major indices, as all sectoral indices experienced a surge, led by …

Sanghvi Movers wins Rs 150 cr order in renewables Energy Sector

Sanghvi Movers wins Rs 150 cr order in renewables Energy Sector

11 July 2023

Sanghvi Movers Ltd, a crane rental firm, has received work orders worth Rs 150 crore from prominent Independent Power Producers (IPPs) in the renewable energy industry. The firm will provide crane rental services as well as related services such as WTG surface logistics, inter-carting, WTG installation and pre-commissioning, wind farm development, and storage yard. Crane …

Foxconn withdraws from USD 19.5 billion joint venture with Vedanta

Foxconn withdraws from USD 19.5 billion joint venture with Vedanta

11 July 2023

On July 10 Foxconn, the prominent Taiwanese electronics manufacturing company, announced its decision to withdraw from a joint-venture project with Vedanta, a company involved in semiconductor manufacturing.  India’s Vedanta Shares fell over 2% today, that is the day after Taiwan’s Foxconn said it withdrew from a USD 19.5 billion semiconductor joint venture with the metals-to-oil …

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