Biocon Limited’s subsidiary Biocon Biologics India Ltd has received an establishment inspection report (EIR) from USFDA for the pre-approval inspection (PAI) at two of its biologics manufacturing facilities in Bengaluru.

Tata Consultancy Services (TCS) has announced that Israel’s first fully-digital bank has partnered with TCS as the first customer of its banking service bureau, powered by TCS BaNCS.

The range of 8,650-9,390 is a crucial range to keep a watch out and break on the either side of the range, which would lead to a directional move. Stocks in news: Shree Cement, Endurance Technologies, Escorts, Galaxy Surfactants, Navin Fluorine International, Prataap Snacks.

The onslaught by bear that began in the second half of the trading session is likely to continue today as well, since SGX Nifty indicates a negative start for the markets. Global cues are also dreadful on the back of weak US economic data as corporate earnings has been severely impacted by the spread of COVID-19.

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Acrysil Limited has announced that the company has partially resumed operations at its Bhavnagar factory on Wednesday after getting required permission from the authorities.

On Wednesday, Zydus Worldwide DMCC, a wholly-owned subsidiary of Cadila Healthcare Limited, announced that it has received tentative approval from the United States Food and Drug Administration (USFDA) to market Macitentan tablets (US RLD: Opsumit tablets), 10 mg.

The international rating agency, Moody’s Investor Services said that it has placed JSW Steel Limited’s rating under review for downgrade on the back of the company’s severe exposure to the ongoing Coronavirus outbreak and its subsequent fall in steel demand.

The global economy is expected to shrink by 3.0 per cent during 2020 due to Coronavirus-driven collapse of activity. This will mark the steepest downturn since the Great Depression of 1930s as per International Monetary Fund (IMF)

On Wednesday, Sensex closed down by 1.01 per cent, which is 310.21 points to be at 30,379.81 levels. Nifty also fell by 0.76 per cent which is 68.55 points to 8,925.30 levels. The morning session had witnessed Sensex rising over 700 points along with Nifty, gaining by more than 200 points as global peers were positive.