Equity benchmarks in Japan and South Korea were little changed as trading began, while Australian stocks declined. Futures indicated Hong Kong shares would nudge higher after sliding into a bear market. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.3 percent higher at 11,349.50 as of 7:20 a.m.
Asian stocks were off to a muted start Wednesday as investors assessed how cementing expectations for more Federal Reserve interest-rate increases will affect emerging markets.
✅ Sun Pharma clarified that it’s Mohali facility is undergoing inspection by U.S. FDA. The inspection had started on Sept. 10.
✅ Cipla received approval for its HIV treatment combination medicine ‘TLD’ from the South African Health Products Regulatory Authority. This drug will be manufactured at the companies’ Durban and Uganda plants.
✅ InterGlobe Aviation’s IndiGo has grounded another Airbus A320 neo aircraft due to Pratt and Whitney engine problem. The aircraft was grounded on Monday afternoon after it operated from Nagpur to New Delhi. The sources said oil chips were detected in the engine, a problem responsible for grounding other IndiGo neo aircraft earlier as well, according to a PTI report.
✅ Godrej Agrovet mulls to merge its subsidiary Astec LifeSciences with self on Sept. 14. The company holds a 57.4 percent stake in Astec Lifesciences, as reported to the exchanges.
✅ Wipro appointed as a Europe-based delivery partner for Duck Creek Technologies’ insurance software products. The IT major will offer implementation services and related software and data solutions for the property and casualty insurance products of Duck Creek.
✅ NTPC clarified that it is considering an investment approval for Talcher plant expansion. Details from the meeting to be disclosed are under the stages of finalisation.
✅ Redington (India) to consider share buyback on Sept. 17.
✅ Alembic’s board has given approval for demerging Identified Real Estate Undertaking of the Company into Shreno Limited. The demerger would consist of a premium residential real estate project of Alembic Ltd., interest in real estate business held through investment in Shreno Ltd. and project management consultancy business, services of which are provided by the company to Shreno Ltd.
✅ Narayana Hrudayalaya’s Bangladesh step down subsidiary entered into an agreement with Imperial Hospital Ltd. to operate and manage the latter’s cardiac services department in Bangladesh.
✅ Ajanta Pharma received U.S. FDA nod for Fenofibrate oral capsule.
✅ Reliance Industries’ Reliance Jio and Bharti Airtel received demand notices towards penalties totalling to Rs 34 lakh and Rs 11 lakh respectively from the TRAI for not meeting certain call centre service parameters.
