Nitric Oxide Nasal Spray (NONS) trial shows significant efficacy in #COVID treatment. #Glenmark & Sanotize announce phase 3 clinical trial result of #NONS
Patients receiving NONS had significant reduction in viral load within 24 hrs.
Here’s more#COVID19 pic.twitter.com/1u7N2xxbgx
— CNBC-TV18 (@CNBCTV18Live) July 13, 2022
LIC’s IPO anchor investors haven’t given up on insurer despite heavy losses
Shares of the insurance giant have seen their value shrink 24 percent since their listing on the stock exchanges on May 17
Market update at 1 PM: Sensex is down 189.87 points or 0.35% at 53696.74, and the Nifty shed 46.10 points or 0.29% at 16012.20.
#China Trade Data | June imports up 1% YoY vs estimate of 4% rise, exports up 17.9% YoY vs estimate of 12.5% rise pic.twitter.com/ZFsNUBnI5f
— CNBC-TV18 (@CNBCTV18Live) July 13, 2022
Nomura lowers India 2023 growth forecast by 70 basis points to 4.7%
“We see rising medium-term growth headwinds from higher inflation, monetary policy tightening, dormant private capex growth and, most importantly, global growth slowdown.”
Bharat Forge incorporates Kalyani Lightweighting as subsidiary for aluminium business
Market update at 12 PM: Sensex is up 72.90 points or 0.14% at 53959.51, and the Nifty added 25.70 points or 0.16% at 16084.
Citi says all key indicators of Core CPI continue to suggest persistent inflationary pressure. It retains FY23 average CPI at 6.9%, expects Q4 CPI to average 6% pic.twitter.com/uQWIuvfkQP
— CNBC-TV18 (@CNBCTV18Live) July 13, 2022
Bajaj Healthcare announces entry into opium-processing business:
Bajaj Healthcare Limited (BHL) has been awarded tenders for the highly regulated opiate processing business by the Centre, the pharma company said on July 13, announcing its entry into the sector as the government seeks to boost the yield of alkaloids used in various drugs.
Bajaj Healthcare Limited has been awarded two tenders for manufacturing of “concentrated poppy straw (CPS)”, alkaloids and active pharmaceutical ingredients (APIs) from unlanced poppy capsules along with straw through CPS and opium gum from the government.
BHL said in an exchange filing that it was the first private player in the country to be awarded a tender for opiate processing, a highly regulated and government-owned business.
Market alert: Signature Global (India) files DRHP with SEBI for Rs 1,000 crore IPO with up to Rs 750 crore fresh issue and Rs 250 crore OFS.
HCL Technologies on July 12 reported a 2.11 percent growth in its consolidated profit after tax (PAT) at Rs 3,281 crore, compared to Rs 3,213 crore reported a year ago. Sequentially, the profit declined by 8.83 percent from Rs 3,599 crore in the March quarter.
