Gold Silver Reports (GSR) – Galaxy Surfactants Falls Below Issue Price After U.S. FDA Issues Form 483 — The Mumbai-based specialty chemical maker fell as much as 4.2 percent to Rs 1,429 after it received 13 observations from the U.S. drug regulator for two products — Octyl Methoxy Cinnamate and Octocylene manufactured from its facility at Tarapur in Maharashtra and Jhagadia in Gujarat, the company said in an exchange filing.
Neal Bhai
RPG Life Sciences Rallies After Large Block Deal
Gold Silver Reports (GSR) – RPG Life Sciences Rallies After Large Block Deal — Shares of the Mumbai-based drug maker rose as much as 10 percent, the most in over a month, to Rs 436.90 after 71 lakh shares or 42.9 percent equity changed hands in pre-market trade.
PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses
Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.
Paytm Mall Raises Rs 2,900 Crore From SoftBank, Alibaba
Gold Silver Reports (GSR) – Paytm Mall Raises Rs 2,900 Crore From SoftBank, Alibaba — Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at $2 billion.
Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta
Gold Silver Reports (GSR) – Stocks To Watch: Essar Steel, Fortis Healthcare, JSW Steel, Tata Steel, Vedanta — Asian stocks declined as a sell-off in once much-favored U.S. technology shares deepened and volatility soared.
U.S. Sell-Off Hits Asia Stocks
Gold Silver Reports (GSR) – U.S. Sell-Off Hits Asia Stocks — Equities in Japan and South Korea declined, and Australia opened lower after a four-day long weekend. The S&P 500 Index closed below its average price for the past 200 days for the first time since June 2016 with fresh presidential criticism of Amazon.com and retaliatory tariffs from China rattling investors. The Cboe Volatility Index jumped 18 percent.
Google Shakes Up Management at Top of Powerful Search
Gold Silver Reports (GSR) – Google Shakes Up Management at Top of Powerful Search — To run search, Google tapped Ben Gomes, a company veteran and the architect of a series of overhauls this past year to stem misinformation on its platforms. Jeff Dean, a co-founder of the Google Brain research lab, will lead the critical AI division.