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Pfizer agreed on Monday to combine its off-patent drugs division ,which controls treatments such as the statin Lipitor ,with pharmaceutical company Mylan ,creating a potential powerhouse in the business of medicines without  patent protections.                   The transaction comes as falling prices increase pressure on generic drug makers,a development that has been mostly overlooked in the US as a consumers grapple with the escalating price of branded treatments.The deal also raises questions about whether it will spur other acquisitions in the sector .                Generic drugmakers such as Mylan and Tava have struggled in part because pharmacies and wholesalers have been teaming up, increasing their power to bargain for lower prices .that has forced such companies to consider mergers as a way to regain leverage . ...

The State Bank  of india has lowered the interest rate on fixed deposits across all tenors. The new rates will come into effect from august 1,2019 ,just a few days ahead of the monetary policy meet of the reserve Bank of india .For retail domestic term deposits maturing in 7-45 days,the bank has sharply reduced rates from 5.75 percent to 5 percent .               On deposits maturing in 46 days to 179 days,the bank has reduced the interest rate to 5.75 percent .Earlier it was offering an interest rate 6.25 per cent.               For deposits maturing in 180 days to 210 days,the sbi has cut the interest rates by 10 basic points. the bank will now offer an interest 6.25 per cent.              For short-term deposits ranging from 211 days to less than one year ,the sbi has slashed the intere...

Nifty Gainers/ Losers   Gainers Symbol LTP % chng Volume YESBANK VEDL HINDALCO IBULHSGFIN ZEEL 91.15 167.85 202.70 654.50 363.55 9.49 4.09 3.42 3.08 3.00 20,87,58,719 1,76,54,993 91,47,466 93,90,791 92,32,951 Losers Symbol LTP % chng Volume BAJAJFINSV HDFC KOTAKBANK EICHERMOT HDFCBANK 7,144.90 2,182.30 1,444.90 17,049.00 2,302.80 -5.57 -5.26 -3.60 -3.48 -3.07 6,93,477 30,07,548 34,23,157 2,33,448 55,42,824

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