UBS has a neutral rating on Cipla with the target price cut to Rs 1,400, from Rs 1,750 earlier. Analysts said the company’s growth drivers are intact but supply headwinds weigh on near-term outlook. A healthy product pipeline to drive FY28 earnings for Cipla. However, there is a lack of near-term catalysts. They feel a…
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Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the world’s largest corporate holder of bitcoin, reclaimed its $100 par value during Thursday’s trading session, giving the company the leeway to raise funds to add to its stash of the largest cryptocurrency. The recovery took nine trading days following the March 13 ex-dividend date,…
NEW DELHI: Supreme Court has said that if a private vehicle requisitioned by a district administration meets with an accident, then liability would be fastened on govt and not the insurance company for payment of compensation.A bench of Justices Sanjay Karol and N K Singh said, “Where a vehicle is requisitioned for public functions and…
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