Sapphire Intrex Ltd, the promoter entity of Radico Khaitan informed the bourses after the market hours on Tuesday that it has repaid the entire loan taken against the pledged shares

Kirloskar Ferrous Industries informed the bourses during the weekend that its board of directors at a meeting held on September 12, 2020, has granted in-principle approval for the acquisition of movable & immovable assets relating to the pig iron plant of VSL Steels for a cash consideration of not exceeding Rs 135 crore, payable in installments

Indoco Remedies informed the bourses today that it has received approval for its ANDA for Apixaban tablets 2.5 mg & 5 mg. The products are therapeutically equivalent to the reference listed drug ‘Eliquis’ of Bristol-Myers Squibb (BMS)

Ramco Cements informed the bourses during the weekend that it has commissioned a 9 MW waste heat recovery power generating plant at Jayanthipuram (Andhra Pradesh) in September 2020

Ratnamani Metals & Tubes surges on the bourses by nearly 7 per cent after the company announced on Friday post-market hours that it has bagged a domestic order worth Rs 90 crore in the carbon steel division of the company for the supply of coated CS pipes for oil & gas sector

Rating agency CRISIL in its latest report has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal 2020-21 (FY21) to (-) 9 per cent as against its earlier estimate of (-) 5 per cent projected in May, as Coronavirus infections are yet to peak

Fitch Ratings in its latest report has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal year (FY21) to -10.5 per cent from -5 per cent estimated earlier

The company's board of directors in a meeting held on September 7, 2020, has approved the raising of funds by the issuance and allotment of equity shares for up to an aggregate amount of up to Rs 350 crore

Dr Reddy informed the bourses on Monday that it has launched Fulvestrant injection, 250 mg/5 ml (50 mg/ml) per single-dose syringe, a therapeutic equivalent generic version of Faslodex (fulvestrant) injection, 250 mg/5 ml (50 mg/ml), approved by United States Food & Drug Administration (USFDA)

Cosmo Films informed the bourses on Tuesday that its board of directors has approved resuming further investment into the new line for specialised BOPET films at Aurangabad (Maharashtra), which was on hold since November 2018

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

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

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

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

Ramco Systems informed the bourses on Tuesday that it has entered into a multi-million dollar agreement with leading utilities and infrastructure group with diversified businesses in Malaysia

CRISIL expects India’s retail food inflation, which is measured through consumer price index (CPI), to cool down in the second half of the ongoing fiscal year on account of the effect of the high base of the previous year, along with a bumper Rabi harvest and a good prospect of Kharif harvest

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), DesOwen Lotion, 0.05 per cent of Galderma Laboratories LP. Desonide Lotion is low to medium potency corticosteroids indicated for the relief of inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

Granules India informed the bourses on Saturday that United States Food & Drug Administration (USFDA) has approved the abbreviated new drug application (ANDA) filed by its wholly-owned foreign subsidiary, Granules Pharmaceuticals, Inc (GPI) for Ramelteon tablets, 8 mg

Global rating agency in its latest report stated that in order to restore loss-absorbing buffers due to the COVID-19 hit, India’s state-run banks may need Rs 1.90 to 2.10 lakh crore of external capital over the next two years

PNB Housing Finance informed the bourses that its board of directors at its meeting held on August 19, 2020, have approved the fundraising plan through equity capital aggregating up to Rs 1,800 crore through preferential issue or rights issue

Man Industries informed the bourses on Wednesday that it has secured new export orders of nearly Rs 405 crore. With this, the company’s overall outstanding order book is now nearly Rs 1,800 crore, which is to be executed in the current financial year

Indiabulls Real Estate (IBREL) on Tuesday informed the bourses that it has signed definitive merger documentation with Embassy Group. The merged entity will be called Embassy Developments Ltd and would be co-headquartered in Mumbai and Bengaluru

Along with the entire world, India Inc too started its first quarter of FY21 amid COVID-19 pandemic, which led to severe disruption on both, the demand and supply side. Now the earning season of the first quarter is on the verge of end and it's an open secret that many industries were hit badly due to the COVID-19 pandemic

India Ratings & Research (Ind-Ra) in its latest report has said that the demand for domestic coal is likely to be subdued in the second quarter of the fiscal year 2020-21

One of the leading diagnostics company, Metropolis Healthcare, reported its first-quarter result of FY21 on Tuesday. Owing to the nationwide lockdown, its consolidated net sales in Q1FY21 dipped nearly 30 per cent YoY to Rs 143 crore

Federation of Automobile Dealers Associations (FADA) in its latest data has shown that the passenger vehicle (PV) retail sales declined by 25.19 per cent to 1,57,373 units in July 2020 as compared to the sales of 2,10,377 units in July 2019 as Coronavirus pandemic continued to impact vehicle offtake

Dr Reddy's Laboratories informed the bourses that along with its US subsidiary, it has launched Ciprofloxacin 0.3 per cent and Dexamethasone 0.1 per cent Otic Suspension, USP, a therapeutic equivalent generic version of Ciprodex

CRISIL in its latest report has stated that Reserve Bank of India’s (RBI) decision to enable lenders to permit a one-time restructuring of loans is likely to ease the liquidity pressure on companies amid the COVID-19 pandemic

The company will receive a gross value of nearly US$ 420.66 million from the divestment of US subsidiary as against the total investments made by the company in a US subsidiary of US$ 68.67 million

The company also reported its first-quarter result of FY21 on Tuesday where it recorded revenue of Rs 32.24 crore as against Rs 35.87 crore in Q1FY20. It posted PAT of Rs 8.63 crore in the quarter as against Rs 10.04 crore in Q1FY20

JSPL’s consolidated steel sales during July 2020 soared 25 per cent to 7,62,000 tonnes from 6,11,000 tonnes sales in the same period last year

With these orders, the company’s order book as on June 2020, stood at 759 KMT valued at almost Rs 6,200 crore. These order books translate into book-to-bill of 0.62x on TTM revenue, giving healthy revenue visibility in the near term

Generally, the promoters or promoter groups are the ones who have major control over the company and may also hold senior executive positions. As a result, they are in a better position to understand the company’s day-to-day performance and future outlook

Polycab India is planning to expand its presence in the international markets, where dependence on Chinese imports is higher. The company is targeting markets like the US, Australia, Europe, and Africa, among others

CRISIL on Wednesday released a report on the assets under management (AUM) of non-banking financial companies (NBFCs), in which, it expects the AUM of these NBFCs to dip 1-3 per cent in FY21E

The rating agency, ICRA, in its latest report, has stated that the fertiliser companies are likely to register healthy profitability in the current fiscal year on the back of robust fertiliser off-take by the farmers in Q1FY21 as well as healthy growth across segments

Fragrance manufacturer, S H Kelkar informed the bourses on Tuesday, that it has completed the acquisition of Creative Flavours & Fragrances (CFF) by acquiring an additional 49 per cent stake in the company for Euros 16 million

Tata Steel informed the bourses on Tuesday that it has flagged-off the first raw material consignment of ferrous scrap on July 24 for trials at its steel recycling plant that is being set up in Rohtak (Haryana). The said plant has 0.5 MTPA scrap processing capacity, which is expected to commence soon

Coal India’s coal allocation under special forward e-auction for the power sector declined 28.7 per cent to 4.74 million tonnes (MT) in the first quarter of the ongoing fiscal (Q1FY21)

INEOS Styrolution India informed the bourses on Friday that its promoter INEOS Styrolution APAC Pte. Ltd has decided to reject the discovered price of Rs 1,100 per equity share.

Indian airline, SpiceJet, informed the bourses on Friday that the company has been designated as Indian scheduled carrier to operate on agreed services between India and the UK in accordance with the air services agreement between the Government of India and the Government of the United Kingdom

IHS Markit has released a report, which states that the growth of India’s gross domestic product (GDP) is likely to recover in the second half of 2020.  IHS is of the view that if the impact of the COVID-19 pandemic recedes, India would project a GDP growth of 6.7 per cent in FY22E

BEML Limited informed the bourses on Tuesday that it has secured an order worth Rs 557 crore.  The acquisition wing of Ministry of Defence (MoD) has signed a contract with BEML for the procurement of 1,512 mine plough (MP) for tank T-90 S/SK

Elgi Equipments on Tuesday informed the bourses that it has signed a memorandum of understanding (MoU) with Government of Tamil Nadu on July 20, 2020

India Ratings and Research (Ind-Ra) in its latest report stated that the government's fiscal deficit is estimated to touch 7.6 per cent in FY21, more than double the Budget Estimate (BE), as the nation spends extra to lessen the impact of the COVID-19 pandemic while facing a shortfall in incomes

The domestic rating agency ICRA in its latest report has revised its forecast for the contraction in India’s gross domestic product (GDP) growth to 9.5 per cent in the current fiscal (FY21) from the earlier assessment of 5 per cent

In its latest report, CRISIL Research observes that Indian Airlines may face massive revenue loss due to the ongoing Coronavirus pandemic

India Ratings & Research (Ind-Ra) in its latest report has pointed out that the private sector’s capital expenditure is set to contract by 20-26 per cent in the ongoing financial year, owing to COVID-19 pandemic-led business disruptions

The rating agency Fitch in its latest report said that a near-term recovery for India's non-banking financial institutions is not probable, as the sector continues to wrestle with the fallout of Coronavirus pandemic

Unichem Laboratories informed the bourses on Friday that it has received abbreviated new drug application (ANDA) approval for its Baclofen tablets, USP, 10 mg and 20 mg from United States Food and Drug Administration (USFDA) to market a generic version of Lioresal  (Baclofen)

In April 2020, Reserve Bank of India had declared that it will issue SGB in six tranches. Meanwhile, its series IV had opened on July 6, which is set to end today. The remaining two series will open for subscription from August 3 to 7, 2020 as well as from August 31 to September 4, 2020

CRISIL released a report on Thursday on automotive aftermarket spending. It expects nearly 11 per cent decline in the current financial year on the auto aftermarket spend due to the nationwide lockdown imposed to prevent the spread of COVID-19

With a view to pump up expenditure and improve the investment climate in the country hit by COVID-19 pandemic, the government has asked public sector undertakings (PSUs) to become vehicles of growth and complete 50 per cent of their capital expenditure for FY21E before the end of Q2FY21

India Ratings and Research (Ind-Ra) on Monday released a report in which it expects the top 500 debt-heavy private sector borrowers turning delinquent due to COVID-19, would add nearly Rs 1.67 lakh crore additional debts during FY21-22E

Rating agency ICRA expects non-performing assets (NPAs) of non-banking financial companies (NBFCs) to increase by 5-7 per cent during the fiscal year 2020-21, assuming a slippage of 5-10 per cent of the asset under management (AUM) under the moratorium

The fiscal deficit during the first two months of the current financial year widened to Rs 4.66 lakh crore, which is nearly 58.6 per cent of Budget estimates

Eight core sectors witnessed 23.4 per cent YoY contraction in May 2020, led by the nationwide lockdown to prevent the spread of COVID-19. Among eight core sectors, coal production has 10.33 per cent weight, which dipped 14 per cent YoY in May 2020

Credit rating agency, CRISIL released its forecast on India's tractors on Monday, stating its belief that a good monsoon would act as a cushion for tractor sales amidst the ongoing COVID-19 pandemic

In the view of current and evolving liquidity as well as market conditions, the country’s central bank, Reserve Bank of India (RBI) on Monday has decided to conduct simultaneous purchase and sale of government securities worth Rs 10,000 crore each

Infrastructure developer, PNC Infratech on Thursday, informed the bourses that it has been awarded a project worth Rs 1,412 crore under hybrid annuity model (HAM), which led to nearly 17 per cent surge in the stock price of PNC

Sterling & Wilson Solar today informed the bourses that Sterling and Wilson Solar Solutions Inc, the company’s US-based subsidiary and its largest solar project in United States of America worth US$ 99 million (~Rs 747 crore) to construct a project of 194 MW

US President on Monday suspended H-1B Visa till the end of this calendar year along with H-2B visas, J visas, L visas and visas for all those accompanying these categories along with

In terms of financial performance, the company expects its revenue (in USD terms) for the current quarter to decline sequentially up to a low double-digit percentage, with a consequent lower EBIT margin as compared to that reported for Q4FY20

India Ratings & Research in its latest report stated that the textile companies are likely to witness a huge fall in their revenue in the first half of 2020-21

Fitch Ratings Inc today has revised its outlook on India's long-term foreign-currency issuer default rating (IDR) to negative from stable and affirmed the rating at 'BBB-'.

In the midst of times where the whole world is struggling to cope with the aftermath of COVID-19 pandemic, there has been a major breakthrough wherein Dexamethasone a generic low cost corticosteroid used to treat auto-immune disorders has been effective in treating COVID-19 patients

HDFC Asset Management Company on Tuesday informed the bourses that one of its promoter-Standard Life Investments Limited proposes to sell up to 60,00,000 equity shares, which represent nearly 2.82 per cent of the total issued and paid-up equity share capital of the company

In order to extend financial support to micro, small and medium enterprises (MSME) in the wake of COVID-19, the government had announced Rs 3 lakh crore under Emergency Credit Line Guarantee Scheme (ECLGS)

The board of directors of Hexaware Technologies convened a meeting today with an aim to take a decision on delisting of its shares. The promoter entity HT Global IT Solutions Holdings Limited had voiced its intention to make a voluntary delisting offer

On Wednesday in line with market expectation Federal Open Market Committee (FOMC) voted unanimously to keep the fed funds rate in a range of zero per cent to 0.25 per cent

In a meeting held on June 09, 2020, the board of directors of Minda Corporation Limited took the decision to file for insolvency of its German subsidiary, Minda KTSN Plastic Solutions GmbH & Co. KG (MKTSN)

World Bank released its global economic outlook stating that the COVID-19 outbreak has put the global economy into severe contraction. It estimates the world economy to contract by almost about 5.2 per cent this year, demonstrating the deepest recession since World War II

According to Bloomberg news, British pharma company AstraZeneca plc has advanced the proposition for a potential merger to an American biopharmaceutical company, Gilead Sciences Inc

We bid goodbye to FY2019-20 during the COVID-19 induced 21-day first nationwide lockdown which started on March 25, halting the economic wheel. Yet, we are aware that such a situation was not only in India, but experienced worldwide due to Coronavirus outbreak.

Aurobindo Pharma announced today that its wholly-owned subsidiary AuroLife Pharma LLC's oral solid manufacturing facility located at Dayton, New Jersey was inspected by United States Food and Drug Administration (USFDA) and thereafter, issued a Form 483 with nine observations

Strides Pharma Science announced today that its wholly owned subsidiary in Singapore, Strides Pharma Global Pte. Limited (SPG), has received USFDA approval for Triamcinolone Acetonide Ointment USP, 0.05 per cent

Biocon made an announcement that U.S. Patent and Trademark Appeal Board (PTAB) has administered in favour of Biocon's partner, Mylan, in inter partes review (IPR) proceedings, regarding all challenged claims of Sanofi's Lantus SoloSTAR device patents

Health care provider, Aster DM Healthcare made an announcement today about the impact the outbreak of COVID-19 has had on its business. It stated that its regular business operations were substantially impacted due to the nationwide lockdown situation

Dilip Buildcon declared today that it has raised Rs 100 crore by the issue of rated, listed, redeemable, senior, secured non-convertible debentures (NCDs)

On Thursday, Directorate General of Foreign Trade (DGFT) declared in a statement that the Government of India has now lifted the restriction on active pharmaceutical ingredient (API) exports of paracetamol with immediate effect

On Wednesday, non-banking finance company (NBFC), Indostar Capital Finance made an announcement of the primary equity funds of Rs 1,225 crore it raised from Brookfield Business Partners L.P. and its institutional partners

The NCDs are proposed to be listed on wholesale debt market (WDM) segment of BSE and NSE. Besides, the interest payable on it is 8.8 per cent per annum

Colgate-Palmolive reported its fourth quarter of FY19 result today. Revenue for the quarter came in at Rs 1,071.26 crore, registering six per cent YoY decline

The company continues to reduce its debt and as on Q4FY20, its consolidated net debt was at Rs 16,860 crore as against Rs 22,111 in the corresponding quarter of the previous year

Larsen & Toubro Infotech (LTI) reported stellar performance amid a challenging time. Its consolidated revenue for the quarter came in at Rs 3,011.9 crore, registering 7.14 per cent QoQ increase. This was primarily driven by growth across all the verticals. BFSI and Manufacturing segment, which are the top two major revenue contributors

Nesco’s consolidated revenue for the fourth quarter of FY20 was up by 25.9 per cent YoY to Rs 117.75 crore. This was primarily due to 86 per cent YoY jump in the IT Park revenue

Laurus Labs today informed the bourses that it has received an approval from USFDA under President’s Emergency Plan for AIDS Relief (PEPFAR) for two abbreviated new drug applications (ANDAs)

PAT for the quarter came in at Rs 58.86 crore, with YoY increase of 114.5 per cent. The company holds a strong cash balance of Rs 764 crore, which is almost 38 per cent of its current market capitalisation.

ensar Technologies reported stellar operational performance in the fourth quarter of the fiscal year 2019-20. Profit after tax surged nearly 74.8 per cent QoQ to Rs 72 crore

PNC Infratech Limited informed the bourses on Wednesday that it has been declared as the L1 (lowest) bidder for NHAI project of 53.95 km long four-laning of Meerut-Nazibabad section of NH-119

Operating profit during the period tanked nearly 50 per cent YoY to Rs 723.4 crore. Operating margin in the quarter deteriorated by almost 280 bps from corresponding quarter of previous year to 4.2 per cent.

Syngene International reported healthy performance in the fourth quarter of FY20. Its revenue for the quarter improved 13 per cent YoY to Rs 627.8 crore from Rs 554.7 crore in Q4FY19. This revenue growth was driven by robust performance in discovery and development services

Sonata Software reported its fourth quarter result of FY20 on Monday. Its consolidated revenue for the quarter came in at Rs 928.68 crore, registering decline of 24.92 per cent QoQ

Zydus Cadila today informed the bourses that it has launched Enzalutamide, a highly effective drug for the treatment of prostate cancer, under the brand name ‘Obnyx’ in India. With this launch, the treatment cost of prostate cancer is likely to be reduced by almost 70 per cent

Dr Reddy today informed the bourses that the company has received an establishment inspection report (EIR) from USFDA for API manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI) facility which was audited as on January 29, 202

Dr Reddy's Laboratories informed the bourses today that its subsidiaries have launched Desmopressin Acetate injection USP, 4 mcg/ml single-dose Ampules, a therapeutic equivalent generic version of DDAVP

Lupin informed the bourses about the positive top-line results from its pivotal Phase 3 clinical trial to assess the efficacy and safety of single-dose Solosec (Secnidazole)

KEC International informed the bourses today that it has resumed operations/dispatches at all its five factories in India in a phased manner

Natco Pharma today announced that it has received a final approval for its first supplemental abbreviated new drug application (ANDA) product from US Food & Drug Administration (USFDA)

The domestic rating agency, CRISIL has slashed India's gross domestic product (GDP) estimates to 1.8 per cent for FY21E while, projecting total losses of Rs 10 lakh crore or Rs 7,000 per person owing to lockdowns to control COVID-19 pandemic