Solar Pharma: Robust Q1 present, settlement of antitrust case pleases traders A robust Q1, 2021-22 (Apr-Jun 2021) efficiency noticed the share worth of Solar Pharma soar by 10 per cent in a single session. The pharma main had terrific year-on-year (YoY) outcomes, boosted by the low base of Q1, 2020-21. But it surely additionally had a reasonably good quarter-on-quarter (QoQ) efficiency versus Jan-Mar 2021 (This autumn, 2020-21). The consolidated outcomes noticed operational revenues climbing to Rs 9,719 crore versus Rs 7,585 crore YoY and versus Rs 8,522 crore QoQ. Gross sales grew by double-digits YoY in all of its main markets. Learn extra
EVs to account for 25% of Tata Motors’ PV gross sales: N Chandrasekaran
Electrical automobiles (EVs) may represent about 25 per cent of the overall passenger automobile gross sales at Tata Motors “within the medium to long run”, mentioned the corporate on Friday, because it seeks to journey the electrification pattern within the nation.
The auto main will announce its fundraising plans to assist the EV enterprise, N Chandrasekaran, chairman, Tata Motors, informed shareholders on the firm’s 76th annual basic assembly.
At current, EVs account for two per cent of the corporate’s passenger automobile (PV) gross sales. Learn extra
Mastercard submits new audit to India after ban over information dealing with
Mastercard has submitted a brand new audit report back to India’s central financial institution, it informed Reuters, because it seeks to overturn a ban on card issuance linked to considerations over the U. S. big’s dealing with of knowledge processed overseas. The Reserve Financial institution of India (RBI) on July 14 despatched panic-waves by Indian banking companions by saying a ban, efficient from July 22, to forestall the U. S. big from issuing new playing cards. It cited non-compliance with 2018 guidelines that required it to retailer funds information solely in India. Learn extra
Jhunjhunwala’s new airline might give Boeing an opportunity to regain misplaced floor
Indian billionaire Rakesh Jhunjhunwala’s plan to launch an extremely low-cost airline may give planemaker Boeing an opportunity to regain misplaced floor in India after the autumn of considered one of its greatest prospects, Jet Airways, two years in the past, trade executives say.
Jhunjhunwala, often known as India’s Warren Buffett for his profitable inventory investments, plans to workforce up with former CEOs of IndiGo, the nation’s greatest provider, and Jet Airways to faucet into demand for home air journey. Learn extra
India, China to carry twelfth spherical of military-level talks on Saturday
India and China will maintain the twelfth spherical of Corps Commander-level talks at Moldo on the Chinese language aspect of the Line of Precise Management (LAC) on Saturday to iron out an settlement for the subsequent section of disengagement in Japanese Ladakh.
The most recent spherical of talks will happen after a spot of three months. Indian army delegates will meet their counterparts to debate disengagement of troops on the friction areas such because the Sizzling Springs, Gogra and the Depsang plains unfold over 900 sq km land. Learn extra