Tue, Nov 19, 2024 3:58 PM
Stock market crash: Nifty 50 nosedives 10% from the record high
A Flip by Shubhangi Gupta
Typically, the best cure for high prices is simply higher prices, a lesson gold is learning the hard way. Since the prospect of a second Donald Trump presidency became a reality, the shiny pet rock has been hit by a double whammy. A decline of $220 per troy ounce, or 8%, since the end of October may seem minor in the context of it still being up more than 25% this year.
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Strides Pharma has announced the approval from National Company Law Tribunal (NCLT) for OneSource - India's first specialty pharma CDMO - bringing together its specialized businesses, the company said on November 19.This integration is backed by an equity commitment of Rs 801 crore ($95 million) from a clutch of investors, valuing the company at a pre-money equity valuation of $1.65 billion.
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PGIM India Mutual Fund has launched the PGIM India Healthcare Fund, an open-ended equity scheme focused on the dynamic and growing healthcare and pharmaceutical sectors. The fund, benchmarked against the BSE Healthcare TRI, offers investors the chance to benefit from India’s burgeoning healthcare industry. The NFO is open for subscription from November 19, 2024, to December 03, 2024.
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