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Bernstein backs Zydus, Lupin and Sun Pharma on innovation shift
Nandan Kulkarni, Director–India Healthcare & Senior Research Analyst at Bernstein, sees strong opportunities in CDMOs, specialty therapies, biosimilars and licensing deals. While favouring Zydus, Lupin and Sun Pharma, he remains cautious on Biocon and Mankind Pharma, and argues that India's shift from generics to innovation could drive the next phase of growth for the pharma industry.
Grasim announces ₹3,094-cr investment for lyocell capacity expansion in Karnataka plant
The expansion will add 110,000 TPA capacity at Harihar; total cellulosic staple fibre capacity slated to exceed one million tonnes annually by 2030. Grasim Industries, a Aditya Birla Group company, shares closed at ₹3,060.30 on the NSE on June 8, down 0.89%, or ₹27.40.
Sun Pharma, Ozempic Defy Slowdown In India's Weight-Loss Market
The slowdown is largely attributed to a natural cooling after the rapid patient onboarding seen in April. With a significant portion of early adopters already initiated on therapy, repeat purchases are now emerging as the primary growth driver for the category.
Gold slumps most in two months as jobs fuel Fed rate-hike bets
Bullion declined as much as 3.4% as bond yields and the dollar climbed after the latest US data showed job growth topped all forecasts in May. The strength in the labour market keeps the door open for Fed officials to hike rates as Middle East tensions fuel higher energy prices.
Silver Slumps Nearly 7% To Below $70/Ounce; Gold Tumbles 5% On Fed Pivot Jitters; Check MCX Rates
The sudden decline comes after job growth in America exceeded all expectations with nonfarm payrolls increasing to 172,000 and the unemployment rate holding steady at 4.3%.
US Jobs Growth In May Smashes Forecast; Gold Slumps On Fed Rate Hike Bets
Spot gold fell2.4%% to $4,367.77an ounce as of10:11 a.m.in New York. Silver dropped6.0%to $69.41an ounce.
ICICI Prudential AMC caps gold ETF subscriptions amid demand surge
The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 million) in the ETF until further notice
Nippon India MF Restricts Large Investments In Gold ETF, Savings Fund As Top AMCs Curb Inflows
Nippon India MF joins top fund houses in curbing large gold ETF inflows, citing concerns over fresh unit creation and gold imports.
ICICI Prudential MF Limits Big-Ticket Gold ETF Investments After HDFC MF
ICICI Prudential MF has restricted Gold ETF investments of Rs 25 crore and above from June 5.
HDFC MF, ICICI Pru MF cap large-ticket inflows in gold ETFs, but it won't hurt retail investors
HDFC MF's move alone is unlikely to significantly alter industry flows unless other large gold ETF players follow suit
Gold outlook remains bearish; yellow metal may fall towards $4,099: Analyst
Gold ETF flows remain uninspiring, as investors continue to be deterred by elevated volatility and the prospect of higher interest rates
Gold falls nearly 1%, silver tumbles over 2% in futures trade
Gold and silver prices fall on MCX as investors await US jobs data, easing West Asia tensions and strong ETF inflows shape outlook for bullion and India imports.