Business news

Biocon claims to take Syngene unit public by selling stake

Biocon claims to take Syngene unit public by selling stake

Bengaluru, Jan 23 (ANI): Biocon Ltd would list its research services business arm Syngene by selling up to 15 percent stake in a public offer, the company said, after reporting third-quarter earnings on Friday (January 23). Biocon had previously said it planned to list Syngene but had not given a timeline. Late on Thursday (January 22), it said its board had approved starting the process of listing and hiring merchant bankers to sell 10-15 percent from Biocon's majority stake in the unit in the public offer. Separately, Biocon agreed with Gilead Sciences Inc to licence its chronic hepatitis-C product range, it said in a statement. Jan 23, 2015
bse-closes-points-272-82-up-on-jan-23

BSE closes points 272.82 up on Jan 23

New Delhi, Jan 23 (ANI): Trading at the Bombay Stock Exchange today closed 272.82 points up to stand at 29,278.84. At the National Stock Exchange the Nifty closed 74.20 points up to stand at 8,835.60. SPARC and MAX were among the top gainers of Group A with an increase of 20.00% and 9.03% along with RTN POWER and ADANI ENTERPRISES LTD. with an increase of 8.79% and 7.92% respectively, while the top losers of Group A include IPCA LAB and POLARIS with a decrease of 8.62% and 6.73% along with SUZLON and PMCFIN with a decrease of 6.35% and 4.91% at the close of the markets. The Auto sector is up 278.97 points at 20,086.19 while the banking sector is up 179.20 points at 22,984.00 and the reality sector is up 23.14 points at 1,671.80. The Indian currency is down 0.22% at Rs 61.56 per dollar. Jan 23, 2015
bse-closes-points-117-16-up-on-jan-22

BSE closes points 117.16 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 117.16 points up to stand at 29,006.02. At the National Stock Exchange the Nifty closed 31.90 points up to stand at 8,761.40. SPARC and GSFC were among the top gainers of Group A with an increase of 17.04% and 12.40% along with INDIA CEMENTS LTD and THERMAX with an increase of 8.78% and 7.37% respectively, while the top losers of Group A include SUZLON and PMCFIN with a decrease of 7.45% and 4.90% along with RASOYPR and SUNTV with a decrease of 4.88% and 4.84% at the close of the markets. The Auto sector is up 140.73 points at 19,807.22 while the banking sector is up 83.64 points at 22,804.80 and the reality sector is up 8.92 points at 1,648.66. The Indian currency is down 0.10% at Rs 61.70 per dollar. Jan 22, 2015
bse-closes-points-104-19-up-on-jan-21

BSE closes points 104.19 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 104.19 points up to stand at 28,888.86. At the National Stock Exchange the Nifty closed 33.90 points up to stand at 8,729.50. JUBILANT and TATA ELXSI LTD. were among the top gainers of Group A with an increase of 9.33% and 8.56% along with MUTHOOT FINANCE LTD. and CORPORATION BANK with an increase of 7.00% and 5.89% respectively, while the top losers of Group A include NATCO PHARMA LTD. and GDL with a decrease of 5.90% and 5.62% along with RALLIS INDIA LTD. and ITC with a decrease of 5.47% and 5.01% at the close of the markets. The Auto sector is up 13.81 points at 19,666.49 while the banking sector is up 87.73 points at 22,721.16 and the reality sector is down 3.64 points at 1,639.74. The Indian currency is down 0.16% at Rs 61.59 per dollar. Jan 21, 2015
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