Biocon stock zooms after Silver Leaf Oak buys 10% stake in Syngene for Rs 3...
MThis investment reflects Syngene’s leading position in the contract research and manufacturing space in Asia, acknowledging its comprehensive multidisciplinary capabilities,” Biocon Chairman and Managing Director Kiran Mazumdar-Shaw said in a statement. This transaction is part of the... read more »
UCO Bank examining ways to declare Kingfisher Airlines wilful defaulter
State-run lender UCO Bank is examining its options on how to declare Kingfisher Airlines a willful defaulter, chairman and managing director Arun Kaul said on Friday. “We are examining the possibility,” Kaul said on the sidelines of an event organised by the Confederation of Indian... read more »
Rupee erases all gains, trades flat at 60.84 per dollar
Mumbai: The Indian rupee erased all its gains and remained barely changed from its previous close, tracking the weakness in other Asian currencies on Friday. At 2.19pm, the home currency was trading at 60.84, up 0.01% from Thursday’s close of 60.85, while India’s equity benchmark Sensex index... read more »
Alibaba’s IPO Priced at $68 a Share
Alibaba Group Holding Ltd. ‘s shares priced Thursday at $68 apiece, putting the Chinese company on track for an initial public offering that will raise at least $21.8 billion. The price was at the top of the company’s expected range of $66 to $68, which was increased from an initial $60... read more »
