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PRE MARKET
Gift Nifty indicates a flat to negative start for the broader index in India, with a loss of 10.5 points or 0.04 percent. The Nifty futures were trading around the 25,181 level.
Wall Street ended lower on Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, which amplified the uncertainty surrounding U.S. trade policy.
The S&P 500 declined 0.33% to end the session at 6,259.75 points. The Nasdaq dropped 0.22% to 20,585.53 points, while the Dow Jones Industrial Average fell 0.63% to 44,371.51 points.
Asian indices were trading mostly higher in the early trade on Monday, with the Shanghai Composite, Straits Times up 0.4 percent each.
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RITES
The company has received an order worth Rs 46.82 crore in Karnataka. The order involves the construction and renovation of Government First Grade Colleges at various locations in Karnataka under the PM USHA Scheme.
Wockhardt
The pharmaceutical company is undertaking a significant strategic realignment of its US business in line with its long-term vision to build a differentiated, innovation-driven pharmaceutical enterprise. As part of this transition, the company has decided to exit the US generic pharmaceutical segment, paving the way for a deeper focus and increased investment in its advanced product portfolio.
Gland Pharma
The company’s Pashamylaram facility has received a certificate of Good Manufacturing Practices (GMP) compliance from the Danish Medicines Agency for marketing aseptically prepared powder for injection, infusion, and inhalation.
Indegene
The life sciences commercialisation company has launched NEXT Medical Writing Automation, an advanced platform that combines deep medical writing expertise with generative AI (GenAI) to accelerate the creation of high-quality, compliant documents across clinical development, regulatory submissions, and beyond.
VIP Industries
The promoters of VIP Industries have agreed to sell a 32% stake in the company to a new group of buyers, who will also launch a mandatory open offer for an additional 26% stake.
Source – Moneycontrol