Zydus Lifesciences extends Sterling Biotech API business acquisition deadline to Sept 30

Shares of Zydus Lifesciences Ltd ended at ₹1,121.45, up by ₹1.81, or 19.95%, on the BSE.

Shares of Zydus Lifesciences Ltd ended at ₹1,121.45, up by ₹1.81, or 19.95%, on the BSE.

Shares of Axis Bank Ltd ended at ₹1,357.70, down by ₹1.37, or 18.85%, on the BSE.

Shares of Sterling and Wilson Renewable Energy Ltd ended at ₹244.25, down by ₹2.25, or 0.91%, on the BSE

The bank initiated coverage of the energy infrastructure stock with a buy rating. Its price target of $36 implies an upside of 39.4% from Friday’s close.

Shares of Jagsonpal Pharmaceuticals Ltd ended at ₹230.80, down by ₹8.05, or 3.61%, on the BSE.

Gold and silver prices fall on MCX as easing US Iran tensions, firm dollar and expectations of higher Federal Reserve rates weigh on precious metals.

BPCL has signed an agreement to acquire a 40% stake in the Tiki Tar-Shell India joint venture for ₹85 crore, expanding its presence in the bitumen and infrastructure materials business.

The Sensex fell 372 points to close at 76,728, while the Nifty declined 110 points to end at 23,946, slipping below the 23,950 mark. The Nifty Bank index underperformed, dropping 450 points to 57,727, while the Nifty Midcap index lost…

IIFCL plans a $1 billion 15 year foreign loan under 7%, seeks a 400 million dollar 20 year ADB loan, and may issue a $100 million bond by year-end.
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems’ acquisition benefits may take up to…