Select auto, pharma stocks in action

Hero MotoCorp said its total two-wheeler sales stood at 334,647 units in March 2020, down 42.43% from 581,279 units in March 2019.

TVS Motor Company on Thursday (2 April 2020) said its total sales fell 55.50% to 144,739 units in March 2020 as against 325,323 units in March 2019. The total sales are down by 42.85% in March 2020 compared with 253,261 units in February 2020.

SML Isuzu on Thursday (1 April) said its total sales slumped 75.6% to 488 units in March 2020 from 2,003 units in March 2019.

Cipla announced the successful completion of Phase-3 clinical end-point study for fluticasone propionate and salmeterol inhalation powder (100/50 mcg).

Aurobindo Pharma on Thursday (2 April) said that it terminated the agreement to buy the US generic oral solids and dermatology businesses from US-based Sandoz Inc.

Cadila Healthcare on Thursday (2 April 2020) said that Zydus Cadila received final approval from the United States Food and Drug Administration (USFDA) to market Lamotrigine extended-release tablets USP in multiple strengths of 25 mg, 50 mg, 100 mg, 200 mg, 250 mg, and 300 mg.

ICICI Bank has announced a reduction in its savings bank account interest rate and term deposits. ICICI Bank has announced a reduction in its savings bank account interest rate with effect from 9 April 2020. For savings account balance below Rs 50 lakh, the interest rate will be reduced to 3.25% per annum (pa) from 3.5% pa and for above Rs 50 lakh it will be reduced to 3.75% pa from 4% pa. ICICI Bank also announced reduction in rates of term deposits of value Rs 2 crore by upto 50 basis points across various tenures effective April 3, 2020.

CreditAccess Grameen has additionally acquired 0.42% of the share capital of Madura Micro Finance (MMFL). Consequent to this, CreditAccess Grameen has acquired 54,72,670 equity shares of Rs. 10 each constituting 76.06% of the share capital of MMFL, a subsidiary of the Company.

Majesco announced that it has completed the acquisition of InsPro Technologies Corporation, a U.S. based software leader in the life and annuity insurance market.

Powered by Capital Market - Live News