Sales of Indian pharma companies to rise: Fitch Ratings
Sales of Indian pharma companies to rise: Fitch Ratings

Sales of Indian pharma companies to rise: Fitch Ratings

Amir Shaikh Article rating: 4.7

Fitch Ratings, in its recently released report, said that the sales of Indian pharmaceutical companies will rise after a gradual easing of the Coronavirus pandemic-related lockdown measures that caused disruptions across most markets in the first quarter of FY21

NMDC declines 9 per cent post demerger announcement
NMDC declines 9 per cent post demerger announcement

NMDC declines 9 per cent post demerger announcement

Pratik Shastri Article rating: 4.6

On the operational front, the sales volume declined 28 per cent on a YoY basis to 6.28 million tonnes in the first quarter of FY21. The resultant decline in the operating profit was 60 per cent over the same period last year to Rs 750 crore.

Biocon Biologics & Mylan launches Semglee in US for diabetes patients
Biocon Biologics & Mylan launches Semglee in US for diabetes patients

Biocon Biologics & Mylan launches Semglee in US for diabetes patients

Amir Shaikh Article rating: 5.0

Biocon's subsidiary Biocon Biologics India Ltd, a fully-integrated pure-play biosimilars company and Mylan announced the launch of Semglee (insulin glargine injection) in the US to expand access for diabetes patients

Parag Milk Foods Limited launches premium ghee brand
Parag Milk Foods Limited launches premium ghee brand

Parag Milk Foods Limited launches premium ghee brand

Rishikesh Gaikwad Article rating: 2.8

Parag Milk Foods Limited, a dairy FMCG company, launched Pride of Cows ‘single-origin ghee’ on Monday. Famous for brands like ‘Gowardhan’, ‘Go’, ‘Pride of Cows’, and ‘Avvatar’, the single-origin ghee is procured from Pride of Cows milk, the first-of-its-kind farm-to-home milk.

Reliance Infrastructure makes another loan default
Reliance Infrastructure makes another loan default

Reliance Infrastructure makes another loan default

Amir Shaikh Article rating: 4.9

Anil Ambani-led Reliance Infrastructure informed the bourses on Monday that it has defaulted on the repayment of a loan. The company's stock has deteriorated almost 95 in the last couple of years. The company in its latest quarterly filing has said that it has nearly Rs 60,000 crore of receivables pending

GAIL eyes expansion in petrochemicals, speciality chemicals & renewables
GAIL eyes expansion in petrochemicals, speciality chemicals & renewables

GAIL eyes expansion in petrochemicals, speciality chemicals & renewables

Nidhi Jani Article rating: 3.9

The nation's largest gas marketer and shipper has adopted a revised strategic plan identifying priority business initiatives. This strategic plan will help the company to address its challenges in the changing industry scenarios and provide new areas for growth with geographic expansion.

Ind-Ra believes rural economy revival may not offset urban demand
Ind-Ra believes rural economy revival may not offset urban demand

Ind-Ra believes rural economy revival may not offset urban demand

Amir Shaikh Article rating: 4.9

In the recently released report, India Ratings & Research (Ind-Ra) has expressed that despite the share of agriculture in India's gross value, which is 17 per cent, the rural demand at best can extend support to consumption demand but cannot be a substitute for urban demand

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