Mon, Oct 7, 2024 4:52 PM
Dow futures slip with stocks in retreat as investors rethink rate-cut bets
A Flip by Avya Verma
On December 30, domestic institutional investors (DIIs) net bought shares worth Rs 2,174 crore crore, while foreign institutional investors (FIIs) net sold shares worth Rs 1,893 crore, provisional data from NSE showed. During the trading session, DIIs bought Rs 41,787 crore and sold shares worth Rs 39,613 crore, and FIIs purchased Rs 15,508 crore in shares.
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The Indian government will launch a new system in January 2025 to track cost overruns in projects, making the process more standardised, with reforms to the Online Computerised Monitoring System and integration with other government initiatives. The move aims to better track outcomes and address cost overruns, which currently stand at nearly 20% of the original cost.
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Pharma major Lupin has acquired Huminsulin brand in India from Eli Lilly, in an effort to enhance its diabetes portfolio, the company said in an exchange filing on December 30.Lupin had been marketing Huminsulin through an existing agreement with Lilly India before proceeding to acquire the brand. The drug is used in the treatment of Type 1 and Type 2 diabetes mellitus.
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