On July 18, 2024, Dr Reddy’s Laboratories Ltd announced a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited. This agreement allows Dr Reddy’s to market Vonoprazan tablets in India. Vonoprazan is a new, orally active medication that blocks stomach acid and is used to treat conditions like reflux esophagitis and other acid-peptic disorders. Dr …
The mutual fund (MF) industry in India has experienced a phenomenal journey over the past decade. According to the Association of Mutual Funds in India (AMFI), the assets under management (AUM) have witnessed an impressive more than six-fold increase from Rs 9.75 lakh crore in June 2014 to Rs 61.16 lakh crore in June 2024. …
Indian markets witnessed a significant downturn today, with the NSE benchmark Nifty50 index experiencing its steepest single-day drop since the election results. Broader market indices also took a severe hit, with the Nifty Midcap 100 and Smallcap 100 indices falling by 1.84% and 1.57%, respectively. Rallis India Takes a Steep Fall Among the hardest-hit stocks …
Shares of VST Industries Ltd. experienced a significant surge of over 15% on Friday, reaching a fresh 52-week high. This remarkable uptrend occurred despite the broader sell-off in the Indian markets. The primary catalyst behind this surge was the company’s announcement regarding the consideration of issuing bonus shares at its upcoming board meeting. Bonus Shares …
On Friday, Indian markets experienced a notable decline as the Nifty and Sensex fell by 0.61% and 0.44%, respectively. This downturn was primarily driven by a sell-off in the US market. However, certain stocks managed to outperform the broader indices, providing some support and helping to limit the overall decline. Infosys and ITC Standout Performer …
Ircon International Limited (IRCON) began its operations in 1976, initially focusing on railway construction. Over the years, the company has progressively diversified its expertise. Since 1985, IRCON has evolved into an integrated engineering and construction Public Sector Undertaking (PSU), specialising in executing large-scale and technologically complex infrastructure projects across various sectors, including railways, highways, and …
Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. It is one of the top 5 largest IT companies in India. Tech Mahindra Ltd. Announces Subsidiary Merger Tech …
Infosys, India’s second-largest software exporter by revenue, raised its FY25 revenue guidance to 3-4% in constant currency terms, exceeding analysts’ expectations who had expected it to maintain guidance at 1-3% which reflects better IT expenditure by clients. Q1FY25 Performance For the first quarter of FY25, Infosys reported a 7.1% y-o-y increase in net profit, reaching …
Reliance Industries Limited (RIL) is set to announce its Q1FY25 results, and market analysts predict a mixed performance. Despite expected annual revenue growth, sequential declines in operating profit and margins are anticipated due to lower refining margins and a slowdown in the retail business. Analyst Predictions on Segment Performance Oil-to-Chemicals (O2C): The O2C segment is …
Wipro is set to announce its Q1FY25 earnings today, amidst varied expectations from analysts. Some foresee a slight decline due to macroeconomic challenges and sectoral softness, while others anticipate modest growth driven by new deals and operational efficiencies. Profit & Revenue Projections According to approximately nine estimates, Wipro’s consolidated net profit for the quarter ended …
