Oct 6, 2021By: Rounak Jain
The rally in crude oil prices continues and that may be good for the state-owned explorer, which gained nearly 11 percent on Tuesday.
The budget is likely to break-even before December, chairman Ajay Singh told Bloomberg. He also plans to expand the airline’s fleet by 30-40 passenger planes and 10-15 cargo jets.
Its assets under management grew nearly 22 percent to ₹1,66,900 crore in the September quarter, while deposits grew nearly 33 percent to ₹28,700 crore, year-on-year.
The maker of Parachute, Saffola and Livon expects modest profit growth in the quarter as edible oil profits get capped high input cost but the smaller but high-margin premium hair oil segment sees over 10 percent volume growth.
Terminated its Master Franchise agreement entered with the US-based convenience store chain 7-Eleven, citing inability to make the payment of franchise fee.
Recalled two medications used for pain relief and muscle relaxation, according to a US FDA enforcement report cited quality control issues.
Recalled a medicine in the US, used in the treatment of breast cancer after a US FDA report highlighted the “lack of assurance of sterility”.
Aditya Birla Sun Life AMC to debut on the stock exchanges today. Its IPO had received 5.25 times subscription.
Revealed that it expects “high single-digit” growth rate in sales in the September quarter, but stated that margins might contract due to an increase in input costs.
Reliance Mutual Fund acquired 2 million shares from the open market at ₹204.95 per rights share.
Closed its qualified institutional placement of equity shares and raised ₹400 crore by issuing 1.63 crore shares at ₹244 per share to 20 buyers.