The stock is up by 65 per cent from its 52-week low of Rs 32.51 per share. TCM Ltd, a company with experience in marketing chemicals and laboratory equipment, has entered into a Memorandum of Understanding (MOU) with Biogenix Inc. Pvt Ltd. This MOU allows TCM to leverage Biogenix's expertise in manufacturing reagents used in diagnostic laboratories.
Open FlipThe number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market.Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 222,000 for the week ended May 11, the Labor Department said on Thursday. Economists polled by Reuters had forecast 220,000 claims in the latest week.
Open FlipNew Zealand's Kiwi Property said on Thursday it has agreed to a conditional sale of its commercial tower Vero Centre in Auckland to a Hong Kong-based conglomerate for NZ$458 million ($280.30 million). Vero Centre, a flagship office asset in the company's portfolio, is being sold at a discount of 1.9% to its last year's September valuation.
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