Thursday, August 13
Silver crossed the ₹3 lakh per kg mark for the first time on Monday in the backdrop of the Trump administration's sudden move to slap tariffs on some European countries, seen as a geopolitical leverage to pressure them over selling Greenland to the US government.Supply-side concerns, weakening of the dollar and robust industrial and investment demand propelled demand for the metal, considered a safe haven asset.Brokerages advised investors to take a staggered approach with some caution towards silver as the precious metal is facing intense volatility.The view however remains bullish and any dip should be used as an accumulation zone, said Manav Modi, commodity analyst at Motilal Oswal Financial Services.According to Avinash Gupta, vice-chairman of All India Gem & Jewellery Domestic C
Mumbai: Sun Pharmaceutical Industries Ltd, India’s largest drugmaker by market cap and revenue, is evaluating the acquisition of US-based Organon, a specialist in women’s health with an expanding presence in the fast-emerging biosimilars space, people familiar with the development told ET. This comes nearly a decade after Sun acquired Ranbaxy.The transaction, likely to come with a $10 billion price tag inclusive of debt, will arguably be the most audacious takeover bid by Sun’s billionaire founder Dilip Shanghvi, 70, known for his astute deal making. A successful transaction will also make it the largest cross-border acquisition in the Indian pharmaceutical space and give Sun significant heft in the US. One of the persons cited said a deal would be “transformative” for Sun.Sun’
