Centre to Buy 1 Crore Shots of Zydus Cadila's Covid-19 Vaccine – Top Indian Market News
Written by Cherian Varghese Posted on November 8, 2021 November 8, 2021 Less than 0 min read
Centre to buy 1 crore shots of Zydus Cadila's Covid-19 vaccine
The Central government has placed a purchase order of 1 crore doses of Zydus Cadila's three-dose Covid vaccine ZyCoV-D at Rs 265 per dose. The needle-free vaccine will cost Rs 93 per dose (excluding GST). The complete dose of the vaccine will cost Rs 1,128. ZyCoV-D was approved by India's drug regulator in August 2021 for emergency use in adults and children aged 12 years and above.
Britannia Industries Q2 Results: Net profit falls 23% YoY to Rs 384 crore
Britannia Industries Ltd reported a 23% YoY decline in consolidated net profit to Rs 384.22 crore for the quarter ended September (Q2 FY22). Its revenue from operations rose 5.5% YoY to Rs 3,607.4 crore during the same period. The FMCG company's raw material cost stood at Rs 1,914.7 crore in Q2, an increase of 8% YoY. Britannia said it is witnessing unprecedented inflation in market prices of key ingredients such as palm oil, industrial fuel, and packaging material.
JBM Auto secures order for 200 low-floor electric buses from Delhi govt
JBM Auto Limited has received an order for 200 electric buses from Delhi Transport Corporation (DTC). The order has been placed under the central government's FAME II electric vehicle policy. The company will supply, operate and maintain 200 air-conditioned fully built low-floor electric buses of 12-meter length. Gurgaon-based JBM Auto is a leading manufacturer of key auto systems, electric vehicles, and buses.
Sobha Q2 Results: Net profit jumps 198% YoY to Rs 48 crore
Sobha Ltd reported a 198% YoY jump in consolidated net profit to Rs 48.3 crore for the quarter ended September (Q2 FY22). Net profit jumped 347% compared to the previous quarter. Its total income rose 52% YoY to Rs 832.3 crore during the same period. The realty firm's board has approved the issue of unlisted, secured, non-convertible debentures (NCDs) worth up to Rs 140 crore on a private placement basis.
L&T's construction arm secures orders worth up to Rs 2,500 crore
Larsen & Toubro's (L&T) construction arm has secured significant orders (in the range of Rs 1,000-2,500 crore) from the metal industry and Defence Research & Development Organisation (DRDO). The order from DRDO consists of constructing a flight control system facility at Aeronautical Development Establishment, Bengaluru. L&T has also received an engineering, procurement, and construction (EPC) order for a 12 million ton per annum (MTPA) dry circuit system for a screening plant (SP-III) from NMDC Limited in Chhattisgarh.
Shyam Metalics Q2 Results: Net profit jumps 159% YoY to Rs 414 crore
Shyam Metalics & Energy Ltd (SMEL) reported a 159.22% YoY jump in consolidated net profit to Rs 414.18 crore for the quarter ended September (Q2 FY22). Net profit fell 9% compared to the previous quarter. Its revenue from operations rose 87% YoY to Rs 2,494.34 crore during the same period. EBITDA stood at Rs 689 crore in Q2, an increase of 96% YoY. SMEL is a leading integrated metal producing company in India.
Exchanges to launch T+1 settlement cycle from Feb 25
The National Stock Exchange (NSE) and other Market Infrastructure Institutions (MIIs) are bracing to launch T+1 trading settlement cycle from February 25, 2022. All listed stocks across stock exchanges (BSE, NSE & MSEI) will be ranked in descending order based on daily market capitalization averaged for the month of October 2021.
Currently, if an investor buys or sells a stock on Monday, they receive the money or shares on Wednesday (T+2 working days). With T+1 settlement, the transfer will be completed on Tuesday itself. You can learn more about T+1 settlement cycle here.
Balrampur Chini Mills Q2 Results: Net profit rises 6% YoY to Rs 83 crore
Balrampur Chini Mills Ltd reported a 6.1% YoY increase in consolidated net profit to Rs 83.1 crore for the quarter ended September (Q2 FY22). Its revenue from operations fell 5.9% YoY to Rs 1,213.8 crore during the same period. EBITDA stood at Rs 134.8 crore in Q2, an increase of 5.6% YoY.
DCM Shriram to invest over Rs 350 crore on expansion of sugar business
DCM Shriram Ltd has announced an investment of over Rs 350 crore to expand the capacity of its sugar mills. The company approved three investment proposals for its sugar business to capitalise on the increase in sugarcane availability in its catchment area. These investments will help enhance production capacity for refined sugar production and build flexibility of feedstock for its distilleries.
Paytm IPO subscribed 18% on first day of bidding
The Rs 18,300 crore initial public offering (IPO) of One97 Communications Ltd (Paytm) was subscribed 18% on the first day of bidding. The IPO has received bids for 88.23 lakh equity shares against the issue size of 4.83 crore shares. Retail investors have subscribed 78% against their reserved portion. Non Institutional investors (NIIs) and Qualified Institutional Buyers (QIBs) have subscribed 2% and 6%, respectively, against their reserved portions.
To learn more about the IPO, click here.
balrampur chini britannia industries dcm shriram jbm auto larsen & toubro Shyam Metalics sobha T+1 settlement system Zydus Cadila
Adani Green Energy's Unit Wins 300-MW Wind Power Project – Top Indian Market News
Adani Green Energy's unit wins 300 MW wind power project Adani Green Energy Ltd (AGEL) said its subsidiary, Adani Renewable Energy Holding Fifteen Ltd (AREHFL), has received the Letter of Award (LoA) to set up a 300 megawatt (MW) wind power project. The fixed tariff for this project capacity is Rs 2.77 per kilowatt-hour (kWh) […]
Written by Cherian Varghese March 22, 2021 March 22, 2021
PVR Reports Net Loss of Rs 289 crore in Q4 – Top Indian Market News
PVR Q4 Results: Net loss at Rs 289 crore PVR Limited reported a consolidated net loss of Rs 289.12 crore for the quarter ended March (Q4 FY21). It had posted a net loss of Rs 74.49 crore in the corresponding quarter last year (Q4 FY20). The multiplex operator's total income declined by 60.2% YoY (or […]
Infosys' net profit rises 20.5% YoY- Top Indian Market News
Infosys' net profit rises 20.5% year-on-year Infosys Limited has reported a 20.5% year-on-year (YoY) rise in net profit at Rs 4,845 crore, for the quarter ended September 30 (Q2). The company has declared an interim dividend of Rs 12 per share. Infosys also announced that it will roll out salary increases and promotions across all […]
Bond Yields cause Chaos in Global Markets – Top 10 Global News
1. U.S. Stocks Slide With Futures; Yields Drop Stocks fell with American equity futures as investors await key U.S. jobs data at the end of a week in which fears of a growth break-out sparked volatility across markets. Treasuries rose and the dollar advanced. Europe's Stoxx 600 index opened more than 1% lower, with every […]
Written by Jaseel Muhammed March 5, 2021 March 5, 2021
Tesla to Make Cars in Bangalore – Top 10 Global News
1. Stocks Extend Gains; Oil Climbs on Cold Snap Global stocks rallied as investors took comfort in the vaccine rollout while freezing temperatures in Texas roiled energy markets. The FTSE 100 Index jumped 2% and the pound strengthened after the U.K. recorded 15 million vaccinations against coronavirus. Japan's Nikkei 225 Stock Average topped 30,000 yen […]
Written by Jaseel Muhammed February 15, 2021 February 15, 2021
Bajaj Auto posts 53% YoY fall in profits as COVID-19 hits all sources of revenue
Bajaj Auto(NSE:BAJAJ-AUTO) posted a 53% Year-on-Year(YoY) decline in net profits on Wednesday. Profits fell to Rs 528.04 crore for the quarter ended June as compared to Rs 1,125.67 crore in the corresponding quarter last year. The results fell in line with market expectations. The nationwide lockdown and subsequent disruption of sales channels were expected to […]
Written by Ajay Ajith July 22, 2020 July 23, 2020
BSE Launches options on goods contracts like Gold Mini and Silver Kg
India's Oldest Stock Exchange, The Bombay Stock Exchange has launched options on goods contract on its platform from today. The two contracts launched are gold mini (100 gram) and silver kilo. These contracts were launched by S K Mohanty, whole-time member of markets regulator SEBI, who emphasised that this is the right time for the […]
ZEEL, Sony Sign Definitive Merger Agreement – Top Indian Market News
ZEEL, Sony sign definitive merger agreement Sony Pictures Networks India Pvt Ltd (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) have signed definitive agreements to merge the two firms and combine their linear networks, digital assets, and program libraries. SPNI will hold a majority stake of 50.86% in the merged entity. The promoters of ZEEL will […]