Granules India Share Price Gains On U.S. FDA Nod Methylergonovine Pills

Gold Silver Reports (GSR) – Granules India Share Price Gains On U.S. FDA Nod Methylergonovine Pills – Shares of the Hyderabad-based pharma company rose as much as 7.55 percent to Rs 104 after its subsidiary got approval for postpartum hemorrhage drug. Granules Pharmaceuiticals Inc., a wholly owned subsidiary of Granules India, got approval from U.S. drug regulator for its Abbreviated New Drug Applications (ANDA) filed for Methylergonovine 0.2 mg Tablets, Granules India said in an exchange filing.

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Nifty 50 index gained 0.18 percent or 19 points to 10,762

Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.1 percent or 36 points to 35,428 and the NSE Nifty 50 index gained 0.18 percent or 19 points to 10,762. Indian equity benchmarks edged higher led by Infosys, TCS and ITC. However, the gains were capped as HDFC, Reliance Industries and Yes Bank came under selling pressure.                       

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Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today

Gold Silver Reports (GSR) – Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today — In a dramatic turn of events, the Supreme Court of India, at a middle-of-the-night hearing, refused to stop the Bharatiya Janata Party from taking oath on Thursday morning as the new government in Karnataka. Though it did direct the Attorney General of India, KK Venugopal, to produce the letter written by BJP Karnataka leader BS Yeddyurappa to the state’s governor, by the next hearing on Friday, May 19. The letter states the number of legislative assembly members supporting the BJP. 

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