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Nestle India hits new high of Rs 20,000; stock up 13% so far in August

Nestle India hits new high of Rs 20,000; stock up 13% so far in August

Shares of Nestle India continued their upward trajectory, hitting a new high and Rs 20,000 mark for the first time on Friday as the stock rose 1 per cent on the National Stock Exchange (NSE) amid expectations of healthy revenue growth. The stock of the packaged foods company surpassed its previous high of Rs 19,641.10 touched on Friday, August 20, 2021.

Thus far in the month of August, Nestle India has rallied 13 per cent, as compared to a 5.6 per cent rise in the Nifty50 index.

Delhi court gives police three weeks to conclude Paytm ownership probe

Delhi court gives police three weeks to conclude Paytm ownership probe

An Indian court on Monday has given police three weeks to conclude an investigation into claims from a former Paytm director who said he co-founded the digital payment platform but did not receive shares owed.

Ashok Kumar Saxena, 71, in legal documents said he invested $27,500 two decades ago in Paytm parent One97 Communications but was never allotted any stock, Reuters reported this month https://reut.rs/3j746WJ.

Zydus Cadila gets USFDA nod for arthritis drug with 180-days exclusivity

Zydus Cadila gets USFDA nod for arthritis drug with 180-days exclusivity

Drug firm Zydus Cadila on Monday said it has received final approval from the US health regulator to market Tofacitinib extended-release tablets, used to treat rheumatoid arthritis, in the American market.

The company said it has received approval from the US Food and Drug Administration (USFDA) for the drug in 11 mg and 22 mg strengths.

'Hundreds' of Taliban fighters heading to Panjshir Valley, the bastion of resistance

'Hundreds' of Taliban fighters heading to Panjshir Valley, the bastion of resistance

The Taliban has said that hundreds of its fighters are heading for the Panjshir Valley, which is currently the center of the resistance in war-ravaged Afghanistan.

Hundreds of mujahideen are heading towards the state of Panjshir to control the province, Sputnik reported citing a news agency.

Global Covid-19 caseload tops 211.7 mn, deaths surged to 4.43 mn

Global Covid-19 caseload tops 211.7 mn, deaths surged to 4.43 mn

The global coronavirus caseload has topped 211.7 million, while the deaths have surged to more than 4.43 million and vaccinations soared to over 4.92 billion, according to the Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload, death toll and vaccination tally stood at 211,798,109, 4,430,661 and 4,922,316,113, respectively.

China reports no new local Covid-19 cases for first time since July

China reports no new local Covid-19 cases for first time since July

China's health authority reported on Monday that there were no new locally transmitted cases of COVID-19 for the first time since July, offering more signs that the current outbreak which began late last month may be tapering off soon.

The latest outbreak was driven mainly by infections first detected among a few airport workers in the eastern city of Nanjing on July 20. Since then, more than 1,200 people in China have been confirmed to be infected.

Manipur CM launches Covid-19 Affected Livelihood Support Scheme

Manipur CM launches Covid-19 Affected Livelihood Support Scheme

Manipur Chief Minister N Biren Singh on Sunday launched COVID-19 Affected Livelihood Support Scheme to provide assistance to those who had been severely affected by the COVID-19 pandemic in the State.

The scheme was launched by Singh at a function held at Imphal yesterday.

Aurobindo Pharma calls off agreement to pick stake in Cronus; stock up 6%

Aurobindo Pharma calls off agreement to pick stake in Cronus; stock up 6%

Shares of Aurobindo Pharma zoomed 6 per cent at Rs 720.60 on the BSE in the intra-day trade on Monday after the company terminated the agreement to acquire 51 per cent ownership in Cronus Pharma.

Aurobindo Pharma, on August 12, 2021, had entered into binding agreements with Cronus Pharma Specialities India Private Limited for acquisition of 51 per cent ownership in Cronus Pharma by subscribing to 95 million equity shares of Rs 10 each at a premium of Rs 34.18 per equity share aggregating to Rs 420 crore.

Paytm, HDFC Bank tie up to develop payment products for new online ventures

Paytm, HDFC Bank tie up to develop payment products for new online ventures

IPO-bound digital payments firm Paytm and India’s largest private sector bank, HDFC Bank, announced a strategic partnership to build comprehensive solutions across payment gateway, point of sale machines and credit products including Paytm Postpaid which is Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay.

The partnership will aim to empower new businesses which have recently ventured online, and enable them to scale up.

Afghanistan: IAF C-130J takes off from Kabul with over 85 Indians

Afghanistan: IAF C-130J takes off from Kabul with over 85 Indians

In an effort to evacuate Indian nationals in Afghanistan after the Taliban took over the capital city Kabul, an Indian Air Force (IAF) C-130J transport aircraft took off from Kabul with over 85 Indians, informed official sources on Saturday.

An Indian Air Force C-130J transport aircraft took off from Kabul with over 85 Indians. The aircraft landed in Tajikistan for refuelling. Indian government officials are helping in evacuation of Indian citizens on the ground in Kabul, sources told ANI.

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