The company has received USFDA nod to market Deferasirox tablets (90 mg, 180 mg and 360 mg), which is used for treating high levels of iron in patients, having a certain blood disorder.

However, the drop in exports during the month under review is low as compared to 60.28 per cent fall in April 2020. Trade deficit, gap between imports and exports, narrowed to US$ 3.15 billion in May 2020 from US$ 15.36 billion a year ago.

The IQVIA, a US-based company, which is engaged in serving as the information and database provider of the healthcare industry, stated that Deferasirox Tablets, 180 mg, has an estimated market size of US$ 53 million (Rs 400 crore approximately).

The EduTech subsidiary, Makebot Robotic Solutions Pvt Ltd of GlobalSpace is surfacing as a leader in STEAM education using robotics, artificial intelligence (AI), internet of things (IOT) platforms for all the students across K-12.

Speaking only of US, the revenue contribution stands at approximately 14 per cent and the company delivers seven to eight products to the US markets. This new API launch would be a different opportunity for the company as US is a significant market for Fexofenadine.

The announcement from US Fed to purchase individual corporate debt is likely to boost the sentiment on the Dalal Street. Early trends on SGX Nifty suggests that bulls are likely to hit a double century at the opening bell. At 7:51 am, SGX Nifty was trading up by 1.97 per cent at 9,889.50 levels.

The level of 9,700 and 9,640 is likely to be a strong support zone for the index and on the upside, Friday’ session high of 9,996 is likely to act as a strong barrier on the upside. Stocks in news: SBI Cards and Payment Services Limited, Ind-Swift Laboratories, Wipro.

New Fund Offers (NFOs) that are open for subscription.

JM Financial has issued and allotted Rs 11 crore equity shares with a face value of Re 1 each. The issue price for qualified institutional buyers was Rs 70 each, amounting to Rs 770 crore.

On Monday, Tata Power declared that its renewable energy arm, Tata Power Renewable Energy Limited (TPREL) received a letter of award (LoA) from Gujarat Urja Vikas Nigam Limited (GUVNL) to construct a 120 MW solar project in the state of Gujarat, India.