Glenmark Pharmaceuticals’ shares surged following its subsidiary’s $700 million upfront payment from AbbVie for an exclusive licensing agreement concerning IGI’s lead drug candidate, ISB 2001. The deal grants AbbVie rights in key markets, while Glenmark retains commercialization in emerging regions.Read More
SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.Read More
Dev Accelerator is launching its Initial Public Offering on September 10. The IPO aims to raise Rs 143.35 crore. There is strong investor interest, with shares trading at a premium in the grey market. The company plans to use the funds for expansion and debt repayment. Listing is expected on September 17 on BSE and NSE.Read More
“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.Read More
Nasdaq has filed with the SEC to pioneer tokenised securities trading in the U.S., aiming to integrate blockchain-based settlement while maintaining traditional investor protections.Read More
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