Oct 6, 2021
By: Rounak JainThe rally in crude oil prices continues and that may be good for the state-owned explorer, which gained nearly 11 percent on Tuesday.
Credit: ONGC
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.
Credit: BCCL
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.
Credit: Unsplash
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.
Credit: Marico
Terminated its Master Franchise agreement entered with the US-based convenience store chain 7-Eleven, citing inability to make the payment of franchise fee.
Credit: BCCL
Recalled two medications used for pain relief and muscle relaxation, according to a US FDA enforcement report cited quality control issues.
Credit: Glenmark-Pharma
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”.
Credit: Aurobindo-Pharma
Aditya Birla Sun Life AMC to debut on the stock exchanges today. Its IPO had received 5.25 times subscription.
Credit: Flickr
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.
Credit: Godrej-Consumer-Products
Reliance Mutual Fund acquired 2 million shares from the open market at ₹204.95 per rights share.
Credit: BCCL
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.
Credit: Phillips-Carbon-Black