As per the USFDA, Form 483 is issued to firm management at the conclusion of an inspection when investigators have observed any conditions that in their judgment may constitute violations of the Food Drug and Cosmetic Act and related Acts. … [Read more...] about Dr Reddy’s gets 2 observations from USFDA for formulation plant
Federal aviation administration
US stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week.The S&P 500 traded in its tightest range of the year, in and out of slight losses, while the CBOE Volatility index was on track to close at its lowest in more than a week.Shares of Mobileye jumped nearly 30 percent to a high of USD 61.51 after chipmaker Intel agreed to buy the driverless technology maker for USD 15.3 billion. Mobileye closed up 28.2 percent at USD60.62 and Intel fell 2.1 percent to USD 35.16.Investors looked ahead to the Fed's two-day meeting that starts on Tuesday. Traders saw a 94 percent chance that the US central bank will lift interest rates by 25 basis points on Wednesday."Other than the Fed on Wednesday, I don’t see anything going on to make any (investment) decisions on," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont."Intel buying … [Read more...] about Wall Street drifts with eyes on Fed; Intel drops
At CMP of Rs. 1,434 (Face value: Re. 1), the stock trades at a P/E of 67x on FY18 EPS which is at premium to its peers in the sector. Overall the rally in FMCG stocks is owing to a rush by investors to grab a piece of India's consumer demand story which has rerated the valuation of FMCG companies to the highest in nearly three decades. … [Read more...] about Eye on RBI policy meet this week; bet on these 2 Nifty stocks for better returns
One of the main reasons that India has become an IT hub is that of access to low-cost skilled manpower. It is a labour arbitrage game. Any increase in labour costs, in a scenario where the market is shrinking, will only result in the company shifting its base to some other state or country. … [Read more...] about Did Karnataka govt shoot itself in the leg by clearing the IT union?
EURUSD remained appreciated by 1.09 percent whereas EURINR depreciated by 0.78 percent. The German Business Climate Survey for February showed that the index bounced to 96.1 from 95.2 amid a bounce in the assessment and expectations. The German Federal Statistical Office confirmed 2019 Q4 GDP at 0.0%, confirming economic weakness in the Union. The EU released February Consumer Confidence, which came in better than expected at -6.1 from -6.6 previously. … [Read more...] about EURINR is expected to sideways: Angel Broking