Cipla Ltd's promoters, Samina Hamied and Rumana Hamied, are set to sell shares worth Rs 2,000 crore through a block deal, as reported on November 29. They plan to divest 1.72% of their stake, with a floor price of Rs 1,442 per share, reflecting a 6% discount to the current market price. Kotak Securities is expected to facilitate the transaction.
JPMorgan has identified its top biotech stock picks for 2025, anticipating a rebound in the sector. This comes as the biotech industry looks to recover and capitalize on new opportunities in the coming year. Investors are keenly watching these selections for potential growth.
UBS anticipates elevated slippages for Micro Finance companies due to a significant rise in overdues, with Portfolio at Risk for zero days increasing by 130 basis points to 17.5% in October. The firm notes that while recent floods may have impacted collection efficiency, the overall delinquency trend suggests ongoing over-leverage issues. UBS maintains a "neutral" rating on several banks with substantial MFI exposure, as tighter disbursement norms are expected to reduce liquidity for weaker borrowers and exacerbate delinquencies in the latter half of the financial year.
13:45 29.11.2024
UBS Group AG has informed National Grid that its holdings in the company have fallen below 5%, which exempts it from further reporting obligations. This development may impact investor perceptions and market dynamics surrounding National Grid shares. Such changes are significant for those monitoring stock trends and corporate ownership.
13:44 29.11.2024
Aster DM Healthcare and Quality Care India have merged to create one of India's top three hospital chains, enhancing their combined capacity to over 10,150 beds. The new entity, with joint control held by Aster promoters and Blackstone, aims to set new standards in patient care and clinical outcomes. Dr. Azad Moopen will continue as Executive Chairman, driving growth and innovation in the healthcare sector.
Stock futures rose Friday, capping a strong month for equities, with the Dow gaining 1% this week and over 7% in November, its best month since last year. Chip stocks surged following reports of potential new U.S. restrictions on semiconductor sales to China, while gold and silver prices faced significant monthly declines. Trading is expected to be light ahead of the Thanksgiving holiday.
China may respond to new US trade threats by targeting American firms and strengthening ties with India and Africa. Experts suggest that traditional trade wars and reciprocal measures are insufficient to resolve the growing complexities in China-US relations.
China's healthcare sector faces heightened scrutiny against anti-competitive behaviors and corruption, with strict regulations and compliance measures mandated for foreign investors. The two-invoice system aims to streamline drug distribution and reduce corruption, while medical advertising is subject to rigorous compliance standards. Companies must adapt their strategies and operations to navigate this complex landscape effectively.
Arabica futures are poised for their largest monthly increase since 2014, driven by global supply concerns that have pushed prices to near-record highs. This month alone, prices have surged approximately 32%, contributing to a staggering 70% rise over the year.
The Vietnam Mergers and Acquisitions Forum 2024, held on November 27, focused on revitalizing the M&A market amid economic recovery. Key discussions included strategies for successful transactions, emerging opportunities in sectors like real estate and technology, and the impact of government policies on investment flows. The event also honored outstanding M&A consultants and released the "Vietnam M&A Market Overview 2024," highlighting trends and experiences in the industry.
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