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FDC) containing chlorpheniramine maleate IP 2mg with phenylephrine HCL IP 5 mg per ml drops, to include a warning on the label and package insert, cautioning against the use of the combination in children below four years of age. "FDC of Chlorpheniramine Maleate IP 2mg Phenylephrine HCI IP 5mg drop/ml was declared as rational by Prof.

Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock market and U.S. economy, experts said.

allocation in the Union budget is insufficient for India's aspirations to be a global leader, a parliamentary panel has observed, recommending that the budget should be doubled over the coming years. In a report on the functioning of Defence Research and Development Organisation (DRDO), the parliamentary standing committee on defence has said that the current allocation of 5.38% of the budget for research needs to be increased to 8-10%. «Drawing a comparative analysis of the budgetary spending on R&D in India with that of developed countries, the committee takes note that with the current percentage of funding, our country can only aspire to become atmanirbhar and protect ourselves. However, to have aspirations to become a global leader, this percentage will not be sufficient,» the committee has noted. It has also expressed reservations about the existing state of affairs regarding the utilisation of funds for R&D activities in DRDO, without dwelling into details.

World Bank Group has set up a task force to study recommendations of the Independent Expert Group (IEG) on reform of multilateral development banks, set up under India's G20 presidency. This was conveyed by World Bank president Ajay Banga to Union finance minister Nirmala Sitharaman on Wednesday.

Nirmala Sitharaman met World Bank Group president Ajay Banga and discussed recommendations to strengthen Multilateral Development Banks (MDB), the finance ministry said on Wednesday. Finance minister Sitharaman and Banga also discussed the outcomes of the G20 under the Indian presidency and the evolution of the World Bank and its engagement with India in various sectors, besides issues of mutual interest, the finance ministry said on social media platform X.

Greenfield Airport took a step closer to becoming a reality as the Kerala government has issued an order to proceed with the acquisition of 2,570 acres of land in Kottayam district for this ambitious project. The airport is being developed on land in Erumeli South and Manimala villages. State Revenue Minister K Rajan said on Tuesday that the decision to proceed with the land acquisition process was made based on the recommendations of an expert committee that examined the social impact study report.

Considering the upper price band of Rs 660, the stock is likely to get a robust premium of 75% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. «Given the positive secondary market environment and ample liquidity along with strong subscription demand, Inox India is expected to see a solid listing premium over and above 75% gain,» said Prashanth Tapse of Mehta Equities. Also Read: DOMS Industries shares soar nearly 80% over IPO price. Should investors book profits? Despite valuations being fully priced into all near-term growth, analysts believe the solid listing is justified on the back of the company's strategic position in the niche market with global footprint. «With strong fundamentals and a growing market, Inox India has potential for long-term value creation,» said Shivani Nyati of Swastika Investmart. The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers.

₹1,400 apiece on the National Stock Exchange (NSE), a 77% premium over its issue price. It hit an intraday high of ₹1,434.25 before settling at ₹1,326.05, down almost 7% on the NSE. India Shelter listed at ₹620 per share on the NSE, a 25% premium over its issue price.

Also Read: DOMS IPO: Share listing date today. GMP, experts see up to 65% listing gain Overall, the IPO garnered bids for 5,63,65,650 shares on the second day as against the total offering of 79,00,000 shares, resulting in an overall subscription rate of 7.13 times, according to BSE data. Through the issue, the company aims to raise ₹100 crore via the issuance of fresh equity shares.

₹2,241.5 crore, aimed at fortifying the company's financial standing and facilitating investments in growth initiatives. As per the company's regulatory filing today, SpiceJet plans to allocate a total of 31,83,00,000 equity shares at an issue price of ₹50 each to 58 entities.

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Notwithstanding how seamless it might appear, striking the right balance between risk and return is no mean feat. The age-old maxim states: “higher the risk, higher the return". Conversely, lower the risk, smaller the return."

Australia's Home Affairs Department has formalized a fresh approach to student visas, aligning with the government's latest migration strategy. Once the new framework is implemented, student visa applications will be prioritised based on institution. Under the new framework, each CRICOS-registered education provider is assigned an evidence level (1, 2, or 3).

₹151 crore IPO of Motisons Jewellers was opened on Monday (December 18) and is set to conclude today (December 20). The initial two days of bidding witnessed an extraordinary response from investors. On the first day, the IPO was subscribed by an impressive 15.02 times, garnering a stellar response from both retail and non-institutional investors (NIIs).

The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions. According to market analysts, the company's shares are trading at a premium of Rs 145 in the unlisted market.

Also Read- Outlook 2024: How equities, gold and crude oil will perform next year The Petrochemical prices too have remained volatile and unfavorable for petchem producers as concerns on rising supplies from China have dampened prospects. The refining margins too have remained volatile. Overall the key heavyweights such as Reliance Industries have not seen any major uptick in stock prices during 2023 and this also has weighed on Oil & Gas index performance.

hijacked in the Middle Eastern sea with 25 people on board by Houthi rebels. This disruption is significant as approximately 12 percent of global shipping traffic navigates through the Red Sea and the Suez Canal.

Also Read: Outlook 2024: How equities, gold and crude oil will perform next year “Indian economic growth will continue to be led by investments rather than consumption in 2024 indicating growth in industrial, manufacturing, real estate and allied segments. Projected earnings growth for HSIE coverage universe (~215 stocks): 29% and 8% for FY24 & FY25 respectively (Ex-energy 19% and 15% for FY24 & FY25, respectively, as FY23 was an exceptional low base year for energy)," the brokerage firm said in a report.

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