Aurobindo Pharma Ltd. has received final approval from the US Food and Drug Administration (USFDA) for Glycerol Phenylbutyrate Oral Liquid, 1.1 grams per mL, the company announced on Friday, April 17. The approved product is bioequivalent and therapeutically equivalent to the reference listed drug, Ravicti Oral Liquid, of Horizon Therapeutics U.S. Holding LLC. The company…
Sanjeev Prasad, Managing Director and Co-Head at Kotak Institutional Equities, believes the Indian equity market may be holding steady for now, but the outlook is increasingly tied to global factors—especially oil prices and geopolitical tensions. He sees the current situation as manageable, but only if disruptions remain short-lived. A prolonged conflict, particularly one that keeps…
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, highlighted mixed sector trends, with caution on discretionary and select stocks, while maintaining a positive stance on insurance, mining and industrial segments. He sees earnings visibility improving in select pockets, supported by demand trends, policy tailwinds and sector-specific drivers across commodities, energy and…
Citi study finds a 5% allocation split between gold and bitcoin boosts portfolio efficiency versus a traditional 60/40 mix, with bitcoin outperforming gold recently. A mix of both gold and bitcoin increased the efficiency of a bond-and-equity portfolio over the last 10 years, according to a study by Citi. Continue Reading with CNBC-TV18 Access Membership…
Shares of Bharat Wire Ropes Ltd. have surged as much as 15% on Friday, April 17, marking their biggest single-day gain in six months. The stock had closed in a 20% upper circuit back on October 27, 2025. The stock has also surged on very strong volumes with nearly 50 lakh shares changing hands in…
NBCC (India) Ltd. on Friday, April 17, said it has emerged as the highest bidder for the purchase of a commercial tower at Bharat Business Park in Sarojini Nagar, New Delhi. The company participated in an e-auction held on April 16, 2026, following approval from its board to bid for the asset. The proposed acquisition…
Shares of Gujarat Gas Ltd. gained as much as 8% on Friday, April 17, after brokerage firm Nomura upgraded the stock to ‘Buy’ from its earlier rating of ‘Reduce’. Nomura has assigned a price target of ₹390 per share on the stock, implying an upside of around 16% from the previous closing levels. The upgrade…
Shares of Apollo Micro Systems Ltd. surged more than 13% on Friday, April 17, after the company received a licence from the Government of India to manufacture a range of defence weapon systems and ammunition, the company said in a filing, The licence, issued by the Department for Promotion of Industry and Internal Trade (DPIIT)…
Shares of CRISIL Ltd. gained up to 5% on Friday, April 17, after the company reported a strong set of Q1CY26 results on a year-on-year basis. Revenue rose 30% YoY, while operating profit increased 37% and net profit climbed 46% at the consolidated level. The research business, which contributes nearly 70% of total revenue, grew…
HDFC Bank Ltd. reported its fourth quarter earnings on Saturday, April 18. Its net profit increased 9.1% to ₹19,221 crore from ₹17,616 crore in the year-ago period. It was also above Street estimates of ₹19,024.8 crore. The lender’s net interest income (NII) came in at ₹33,281.5 crore for the fourth quarter compared to the CNBC-TV18…
