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Themis Medicare consolidated net profit rises 10 58% in the March 2021 quarter
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In India, Drugs for COVID Are Being Tested, Approved in Ways That Should Worry Us 25/05/2021
Representative photo: analuisa gamboa/Unsplash
Mumbai: Since the start of the COVID-19 pandemic last year, researchers around the world have evaluated scores of drugs and therapeutic techniques for the disease. Even according to the Clinical Trial Registry of India (CTRI), researchers in the country are testing everything from inhaled camphor and ajwain to Viagra.
This may be desperation, given the brutality of India’s second COVID-19 outbreak. It is also worthwhile in more ways than one to repurpose existing drugs to treat COVID-19.
However, in most cases, a substantial profit motive isn’t too far away. Together with India’s opaque drug regulation apparatus and its propensity to approve substances on little to no evidence – especially during the pandemic itself – these clinical trials warrant a closer look.
MFs make fresh buys into 6 gold ETFs and 4 stocks, exit 29 scrips in November
The asset management companies also made fresh entry into four stocks Gland Pharma, Kirloskar Industries, Marksans Pharma and Shreno in November. Sunil Shankar Matkar December 17, 2020 / 10:05 AM IST
Equity mutual funds witnessed the highest ever monthly outflow in November at Rs 12,971 crore, the fifth straight month of withdrawals. The total outflow in the last five months stands at Rs 22,910 crore as investors booked profits with the market at record highs. The strong performance of the equity markets in November seems to have encouraged more investors to book profits and move to short-term investments. We still believe that there is a significant amount of money that can come back to the market in the event of any correction. The medium to long-term potential of the equity markets remains strong, G Pradeepkumar, CEO at Union AMC told Moneycontrol.
NEW DELHI: Nifty touched its all-time high on Wednesday forming a Hanging man pattern on the daily chart. Amit Trivedi of Yes Securities says that the appearance of such a pattern at current levels could attract some profit taking. However, follow-up action needs to be closely watched.
According to Ashis Biswas, Head of Technical, CapitalVia Global Research, the market s short-term technical condition shows an upward shift in the prevailing market range, and it is likely to range between 13,550 and 13,780. Indian market is effortlessly rallying to record highs on a daily basis, tracking firm global markets. Increasing prospects of the US stimulus measures, hopes of an effective vaccine and a conclusive Fed meeting to announce a positive policy are lifting market sentiments across the globe. In the domestic market, all sectors witnessed good momentum with realty leading the rally in hopes of a revival in demand, said Vinod Nair, Head of Research at Geojit Financial Services.
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