Shares of select pharmaceutical companies rallied up to 8 per cent on the BSE in Monday’s intra-day trade after several companies signed voluntary license for Pfizer Inc's Covid-19 oral treatment– nirmatrelvir.

Nirmatrelvir in combination with ritonavir co-pack has received emergency use/conditional authorization for Covid-19 treatment in certain populations by the US FDA and the UK Medicines and Healthcare products Regulatory Agency (UK MHRA and nearly 50 other countries).

The government has filed updated draft papers with market regulator Sebi for an initial public offer of LIC, incorporating December quarter financials of the insurance behemoth, an official said on Monday.

In the run-up to the mega IPO, on February 13, the government had filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September. The DRHP got Sebi approval early this month.

Strides Pharma Science on Monday said it has inked a sub-license agreement with Medicines Patent Pool to commercialise a generic version of Pfizer's COVID-19 oral treatment drug in 95 low and middle-income markets.

The Pfizer product has been authorised as a COVID-19 oral therapy for emergency use in the US and other countries for high-risk adults and pediatric patients.

After the Income tax department recently raided a proptech startup based in Pune and Thane and found alleged tax evasion to the tune of Rs 224 crore, reports suggest it is Infra.Market, one of India's fastest growing unicorns.

According to multiple reports, the details point to B2B e-commerce marketplace Infra.Market, backed by Tiger Global, Accel and Nexus and valued at $2.5 billion.

Shares of Dodla Dairy surged 19 per cent to Rs 548 on the BSE in Monday's intra-day trade after the company announced acquisition of dairy products company Sri Krishna Milks Private Limited (SKMPL) for a cash consideration of Rs 50 crore.

"The company has executed a Business Transfer Agreement with Sri Krishna Milks Private Limited (SKMPL) for acquisition of Business as a 'going concern' and on a slump Purchase basis for consideration of Rs 50 crore," Dodla Dairy said in an exchange filing on Saturday, March 19, 2022.

L&T Technology Services (LTTS) aims to achieve carbon and water neutrality by 2030 and has unveiled its first sustainability report, the company said on Monday.

The report, conforming to the Global Reporting Initiative (GRI), presents LTTS' sustainability efforts across its key elements for fiscal 2020-21.

After over four months of uncertainty, troubled microfinance institution (MFI) Spandana Sphoorty Financial (SSFL) is looking for stability and growth with full-time chief executive officer (CEO) and chief financial officer (CFO) coming on board over the weekend.

The MFI, backed by private equity fund Kedaara Capital, experienced a jolt in November 2021 after Padmaja Reddy, founder and managing director (MD), quit abruptly.

The West Texas Intermediate (WTI) for April delivery added 1.72 US dollars, or 1.7 per cent, to settle at 104.70 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery increased 1.29 dollars, or 1.2 per cent, to close at 107.93 dollars a barrel on the London ICE Futures Exchange, as traders weighed supply risks.

"The news from Russia and Ukraine with respect to the peace talks no longer sounded nearly as optimistic as it did before, which has doubtless prompted the market to reassess the situation," Carsten Fritsch, energy analyst at Commerzbank Research, said Friday in a note.

The Court of Arbitration for Sport (CAS) on Friday rejected the request filed by the Football Union of Russia (FUR) to stay, for the duration of the CAS proceedings, the execution of the FIFA Council's decision to suspend all Russian teams and clubs from participation in its competitions until further notice.

Accordingly, the Challenged Decision remains in force and all Russian teams and clubs continue to be suspended from participation in FIFA competitions.

Congress leader Rahul Gandhi on Saturday cautioned that inflation will rise further and urged the government to act now to protect the people of the country.

Asserting that inflation is a tax on all Indians, Gandhi said record price rise had crushed the poor and the middle class even before the Russia-Ukraine war began.

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