The Nifty Pharma index declined 3.5% on Thursday, April 2, tracking a sharp sell-off in frontline stocks. Shares of Sun Pharmaceutical Industries fell 6% following reports that the Trump administration may impose tariffs on drugmakers. Other pharma stocks also traded lower in tandem with India’s largest drugmaker. A Bloomberg report indicated that the Trump administration…
Markets regulator SEBI on Wednesday deferred the implementation of guidelines permitting mutual funds to undertake intraday borrowing from financial institutions, including banks, to July 15. The framework was earlier slated to come into effect from April 1. ”In order to address the operational challenges raised by asset management companies with respect to intraday borrowings by…
THIRUVALLA: PM Narendra Modi said at an NDA election rally on Saturday that Lok Sabha seats would not be reduced in the southern states, which have successfully controlled their populations, and that the total number of seats would increase to benefit states across the country.“There are rumours being spread that seats will be reduced in…
Janhvi Kapoor recently spoke about her first encounter with deepfakes, revealing how she once found her morphed images circulating online as a teenager. The actor admitted that while she initially tried to normalise the experience, it continues to trouble her even today. Janhvi Kapoor recently spoke about her first encounter with deepfakes, revealing how she…
To cushion the domestic industry from global supply disruptions, India has granted full customs duty exemption on select critical petrochemical products until June 30, 2026, citing the ongoing conflict in West Asia and its impact on supply chains. The decision, notified by the Finance Ministry, aims to ensure the continued availability of key petrochemical inputs,…
Asset allocation, rather than chasing complex financial products, remains the cornerstone of long-term wealth creation, top fund managers told CNBC-TV18, highlighting a shift in investor behaviour towards discipline and simplicity. A Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC said the industry has evolved from explaining products to focusing on portfolio strategy,…
MADURAI: As the election season gathers momentum, a few villages in south Tamil Nadu have been holding out against political messaging. Othaveedu in Madurai is one such village where political advertisements, banners, flags, posters, or messages of any kind are barred.Politicians enter the village and campaign for votes, but that’s about it. Villagers do not…
A Turning Point USA reporter said she was shocked after seeing a sign inside a Hindu temple in North Texas offering blessings for “job visas.”Savanah Hernandez posted on X that she had visited the Karya Siddhi Hanuman temple in Frisco, a suburb of Dallas-Fort Worth, as part of a video documenting cultural and demographic changes…
Shares of Larsen and Toubro Ltd. (L&T) have entered “bear market territory” in technical terms, as the stock is down more than 20% from its 52-week high. L&T shares declined nearly 4% on Thursday, April 2. The stock has declined for three out of the last four trading sessions. It has also dropped 14.3% in…
The massive drop could present an entry point for many traders who felt they missed on gold’s exuberant rally last year. Gold could continue to be volatile after its brief decent into a bear market, but it could also present a buying opportunity at this point. Continue Reading with CNBC-TV18 Access Membership Priority Access and…
