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Strides Shasun Rises On U.S. FDA Nod For HIV Drug

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Gold Silver Reports (GSR) – Strides Shasun Rises On U.S. FDA Nod For HIV Drug — Shares of the Bangalore-based drug maker rose as much as 2.6 percent to Rs 694.35 after it received U.S. drug regulator’s nod for Efavirenz Tablets USP, 600 mg which is used in treatment of HIV-1 for infected adults and adolescents, the company said in an exchange filing.  

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Fortis Healthcare Gains After Yes Bank Acquires Stake

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Gold Silver Reports (GSR) – Fortis Healthcare Gains After Yes Bank Acquires Stake — Shares of the Delhi-based hospital chain operator rose as much as 5.5 percent to Rs 161 after Yes Bank acquired 17.31 percent stake in Fortis Healthcare pursuant to invocation of pledge.  

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Indian Equity Benchmarks Fell Dragged by Banks

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Gold Silver Reports (GSR) – Indian equity benchmarks fell dragged by banks after the Reserve Bank of India decided to discontinue issuance of letters of undertaking (LoU) and letters of comfort (LoC) for trade credit for imports into India.

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