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New Delhi, Jul 1 (PTI) Shares of pharmaceuticals firm Sigachi Industries Ltd fell nearly 6 per cent on Tuesday, extending their previous day's decline, after an explosion at its manufacturing facility in Telangana killed several people. The stock plunged 5.57 per cent to settle at Rs 46.07 on the BSE. During the day, it dropped 8.36 per cent to Rs 44.71. Also Read | Who Is PVN Madhav? Here's Everything You Need To Know About the Newly Appointed Andhra Pradesh BJP President. At the NSE, it fel ...Read More >
New Delhi, Jul 1 (PTI) Shares of pharmaceuticals firm Sigachi Industries Ltd fell nearly 6 per cent on Tuesday, extending their previous day's decline, after an explosion at its manufacturing facility in Telangana killed several people. The stock plunged 5.57 per cent to settle at Rs 46.07 on the BSE. During the day, it dropped 8.36 per cent to Rs 44.71. At the NSE, it fell by 5.76 per cent to end at Rs 45.95. Shares of Sigachi Industries Ltd had tanked over 11.50 per cent on Monday also. Th ...Read More >
NEW DELHI: The Nifty Pharma index closed on a positive note on Tuesday. Shares of Laurus Labs Ltd.(up 2.93 per cent), Gland Pharma Ltd.(up 2.43 per cent), Biocon Ltd.(up 1.92 per cent), Zydus Lifesciences Ltd.(up 1.27 per cent) and Lupin Ltd.(up 1.19 per cent) ended the day as top gainers in the pack. On the other hand, Abbott India Ltd.(down 2.82 per cent), Ajanta Pharma Ltd.(down 2.78 per cent), J B Chemicals & Pharmaceuticals Ltd.(down 2.01 per cent), Alkem Laboratories Ltd.(down 1.83 per c ...Read More >
HYDERABAD, India -- The death toll from Monday's massive explosion and fire at a pharmaceutical factory in India's southern state of Telangana has risen to at least 36 while about three dozen were left injured, authorities said Tuesday. The fire department recovered the charred bodies of 34 workers from the accident site in an industrial area about 50 kilometers (31 miles) from the state capital Hyderabad, the state's fire services director G.V. Narayana Rao told The Associated Press. Two othe ...Read More >
The explosion in the Microcrystalline Cellulose (MCC) drying unit also left more than 30 workers injured. The condition of some of them is stated to be critical. The death toll in the explosion in a pharmaceutical unit at Pashamylaram near Hyderabad mounted to 36 on Tuesday. With some of the injured succumbing at hospitals and rescue workers recovering more bodies from debris, the death toll rose sharply since Monday. The toll in the worst industrial disaster in Telangana may go up further as ...Read More >
HYDERABAD, India (AP) - The death toll from Monday's massive explosion and fire at a pharmaceutical factory in India´s southern state of Telangana has risen to at least 36 while about three dozen were left injured, authorities said Tuesday. The fire department recovered the charred bodies of 34 workers from the accident site in an industrial area about 50 kilometers (31 miles) from the state capital Hyderabad, the state´s fire services director G.V. Narayana Rao told The Associated Press. Two ...Read More >
Hyderabad: The death toll in the explosion at the Sigachi Industries' pharma plant in Pashamylaram on Monday has risen to 35, officials said on Tuesday. The death toll in the worst industrial disaster in Telangana may go up further. The explosion in the Microcrystalline Cellulose (MCC) drying unit also left 34 workers injured. The condition of 11 of them is stated to be critical. The majority of the victims were migrant workers from states like Bihar, Uttar Pradesh and Odisha. According to off ...Read More >
Hyderabad, July 1 (SocialNews.XYZ) The death toll in the explosion in a pharmaceutical unit at Pashamylaram near Hyderabad mounted to 36 on Tuesday. With some of the injured succumbing at hospitals and rescue workers recovering more bodies from debris, the death toll rose sharply since Monday. The toll in the worst industrial disaster in Telangana may go up further as the rescue workers continued searches for the bodies in the debris of a three-storey building which collapsed under the impact ...Read More >
Stocktwits - The death toll in the explosion at the Sigachi Industries (NSE:SIGC)' pharma plant in Pashamylaram, Telangana, rose to 34. "Several bodies have been found under the debris while removing it. As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment. The last leg of the rescue operation is still going on," district Superintendent of Police Paritosh Pankaj told PTI. Health Minister Damodara Raja Narasimha told the media that ar ...Read More >
Telangana Chemical Factory Blast: According to officials, 27 workers were still missing. ShowQuick Read Summary is AI-generated, newsroom-reviewed Number of deaths in Hyderabad pharma unit blast rises to 32Explosion occurred in Microcrystalline Cellulose drying unit at Sigachi Industries factory27 workers remain missing, feared trapped under debris after building collapse Did our AI summary help? Let us know. Hyderabad: The number of deaths in the explosion in a pharmaceutical unit at Pas ...Read More >
Hyderabad, July 1 (SocialNews.XYZ) The death toll in the explosion in a pharmaceutical unit at Pashamylaram near Hyderabad rose sharply to 32 on Tuesday, with about 15 injured succumbing at hospitals overnight. The death toll in the worst industrial disaster in Telangana may go up further as the rescue workers continued searching for the bodies in the debris of a three-storey building, which collapsed under the impact of the blast. A massive explosion had rocked Sigachi Industries Limited's ph ...Read More >
Hyderabad (Telangana) [India], July 1 (ANI): Jiangsu Recbio Technology Company Limited (02179.HK), announced that they have entered into a licensing cooperation agreement, and have commenced the technology transfer of their Recombinant 9-valent HPV (HPV9) vaccine, REC603, to Biological E. Limited (BE), a leading Indian vaccine and pharmaceutical company. Recbio will provide BE with Drug Substance (DS) and transfer technology to formulate, fill, and package vaccines. It will also include technolo ...Read More >
Sangareddy (Telangana): The death toll in an explosion on Monday at the Sigachi Industries' pharma plant in Telangana's Sangareddy district rose to 34, officials said. About 90 people were working in the plant when the blast took place, reportedly due to a suspected chemical reaction, which also triggered a fire, Health Minister Damodara Raja Narasimha told reporters. A day later, a police official said that the toll has risen to 34. The explosion was so powerful that some of the workers were ...Read More >
Sangareddy (Telangana), Jul 1 (PTI) The toll in the explosion at the Sigachi Industries' pharma plant in Pashamylaram has rose to 34, a senior police official said on Tuesday. "Several bodies have been found under the debris while removing it. As many as 31 bodies have been extricated from the debris while three died in hospital while undergoing treatment. The last leg of the rescue operation is still going on," district Superintendent of Police Paritosh Pankaj told PTI. Chief Minister A Revan ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
New Delhi: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India's fifth-largest pharmaceutical company (up from seventh), capturing a 4.6% share (up from 3.6%) of the Rs 2.3 lakh crore organised retail market. Significantly, the deal propels Torrent to become the number one player in the over Rs 30,000 crore cardiac therapy market (moving annual total or 12-month period ended May 25), overtaking the leader Sun Pharma, from an existing 7% to ...Read More >
The Punjab Vigilance Bureau (VB) on June 25 arrested Majithia in a disproportionate assets case allegedly involving laundering of ₹540 crore of "drug money". Majithia, who is the brother-in-law of SAD president Sukhbir Singh Badal, is learnt to have been taken to Mashobra in Himachal Pradesh for verification of property allegedly linked to his family. Though Majithia does not own any property in Himachal, his wife Ganieve Kaur Majithia, an Akali MLA, owns a residential property in the hill sta ...Read More >
NEW DELHI: Following the acquisition of JB Chemicals & Pharmaceuticals (JB Chem), Torrent Pharma is set to become India's fifth-largest pharmaceutical company, capturing a 4.6% share of the Rs 2.3 lakh crore organised retail market.The acquisition boosts Torrent Pharma's rank from 7th to 5th place, increasing its market share from 3.6% to 4.6%, according to data gathered by TOI from market intelligence firm Pharmarack.Sun Pharma leads the highly fragmented pharma market with sales of over Rs 19, ...Read More >
Sangareddy (Telangana), Jun 30 (PTI) At least 12 people died and 34 persons were injured in a pharma plant explosion in this district on Monday, Telangana Minister Damodara Raja Narasimha said. "As many as 12 people died and 34 people are under treatment. We are hopeful that there would be no more (deaths)," the health minister told reporters. Labour Minister G Vivek Venkatswamy said: "Eight people died in the morning. Now, four bodies were found." Both the ministers visited the site. The exp ...Read More >
NEW DELHI: The Nifty Pharma index closed on a positive note on Monday. Shares of Natco Pharma Ltd.(up 4.78 per cent), Ipca Laboratories Ltd.(up 4.37 per cent), Laurus Labs Ltd.(up 3.29 per cent), Gland Pharma Ltd.(up 2.94 per cent) and Glenmark Pharmaceuticals Ltd.(up 2.49 per cent) ended the day as top gainers in the pack. On the other hand, J B Chemicals & Pharmaceuticals Ltd.(down 6.78 per cent), Dr. Reddy's Laboratories Ltd.(down 1.37 per cent), Sun Pharmaceutical Industries Ltd.(down 0.71 ...Read More >
Sangareddy (Telangana), Jun 30 (PTI) Eight people were killed and 26 others injured in an explosion triggered by a suspected chemical reaction in a pharma plant in this district on Monday, officials said. The explosion took place at a reactor in the plant of Sigachi pharma company in the Pashamylaram industrial estate due to the suspected chemical reaction where fire also broke out. Prime Minister Narendra Modi condoled the deaths. Inspector General of Police (Multizone) V Satyanarayana said: ...Read More >
Hyderabad: International Asteroid Day (IAD) is observed on June 30 every year to raise public awareness of asteroids and the importance of defending Earth against potential threats from the asteroid belts. This day has been sanctioned by the United Nations. Asteroids are small, rocky objects that orbit the sun. Even though these rocky remnants are the leftovers from the formation of our solar system that occurred about 4.6 billion years ago, they still orbit around the sun like planets. There a ...Read More >
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the ₹19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about ₹11,917 crore. It would additionally b ...Read More >
Sangareddy (Telangana), Jun 30 (PTI) As many as eight were killed and several others suffered injuries in a suspected explosion in a pharma plant in this district on Monday, officials said. Several workers are feared trapped at the accident site in the Sigachi pharma company at the Pashamylaram industrial estate and efforts were on to rescue them, they said. "We have recovered six bodies from the accident site, and two died in the hospital," a fire department official told PTI. The injured pe ...Read More >
New Delhi, Jun 30 (PTI) Shares of J B Chemicals and Pharmaceuticals tumbled over 7 per cent on Monday after Torrent Pharma announced the acquisition of majority stake in the firm in a Rs 19,500-crore deal. The stock tanked 6.88 per cent to Rs 1,675.45 on the BSE. At the NSE, the stock dropped 7.12 per cent to Rs 1,673. However, shares of Torrent Pharma climbed 3.89 per cent to Rs 3,474.60 on the BSE. Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemical ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Monday expressed anguish over the explosion at Sigachi Pharma Company in the Pashamylaram industrial estate and directed officials to take all steps to save the trapped workers and provide them advanced medical care. Several workers are feared trapped at the accident site in the pharma company and efforts were on to rescue them, official sources said. The injured people were shifted to hospitals and their condition was not known immediately, as the ...Read More >
Sangareddy (Telangana), Jun 30 (PTI) At least two persons were killed and about 14 others suffered injuries in a suspected explosion in a pharma plant in this district on Monday, police said. Several workers are feared trapped at the accident site in the Sigachi pharma company at the Pashamylaram industrial estate and efforts were on to rescue them, official sources said. The injured people were shifted to hospitals and their condition was not known immediately, as the rescue operation was sti ...Read More >
New Delhi: Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per sh ...Read More >
THIRUVANANTHAPURAM: The Kerala Cancer Conclave 2025, organised by the Association of Medical and Pediatric Oncologists of Kerala (AMPOK), concluded in Thiruvananthapuram on Sunday. The two-day event brought together over 200 experts from India and abroad for a series of high-impact discussions on pressing issues in oncology. The conclave featured eight key sessions addressing the growing cancer burden in the state, with a focus on emerging trends, future strategies, and barriers to optimal car ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs ...Read More >
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