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Aurobindo Pharma dips 5% on weak operational performance in June quarter

Aurobindo Pharma dips 5% on weak operational performance in June quarter

Shares of Aurobindo Pharma dipped 5 per cent at Rs 781 on the BSE in the intra-day trade on Friday after the company reported a disappointing operational performance in June 2021 quarter (Q1FY22), amid decline across US market & antiretroviral (ARVs).

In Q1FY22, the company’s profit after tax (PAT) was down 1.7 per cent year on year (YoY) and 4 per cent quarter on quarter (QoQ) at Rs 770 crore.

AGR dues: Voda Idea cites previous SC orders, urges it to re-hear petition

AGR dues: Voda Idea cites previous SC orders, urges it to re-hear petition

Vodafone Idea (Vi) has cited earlier Supreme Court (SC) judgments in its petition, urging the apex court to set aside its order of July 23 and re-hear the company's plea for rectification of error in the adju­sted gross revenue (AGR). Vi urged the SC to allow the Department of Telecommu­nications (DoT) to recalculate the AGR dues.

Vi's counsel Mukul Rohatgi has requested the SC to take cognisance of the matter and give the company another hearing.

WhatsApp to allow chat history transfer between Apple iOS, Google Android

WhatsApp to allow chat history transfer between Apple iOS, Google Android

Facebook-owned WhatsApp on Wednesday announced a new feature that will allow users to take their WhatsApp chat history with them when they change mobile operating systems.

The company said it will be introducing the ability to move the entire WhatsApp chat history -- including voice notes, photos and conversations -- seamlessly and securely if users choose to switch mobile operating systems.

Congress says Twitter has locked its account; company defends decision

Congress says Twitter has locked its account; company defends decision

The Congress party said on Thursday Twitter has locked its account in response to a post it made on August 8, prompting the social media company to say its rules forbid the identity of a rape victim to be revealed.

The Congress used its Instagram account to share a screenshot of its locked Twitter account. Modi ji, just how afraid are you? Reminder: The Congress party fought for our nation's independence, equipped only with truth, non-violence & the will of the people.

ISRO’s EOS-03 satellite launch on GSLV-F10 rocket fails 350 seconds after launch due to performance anomaly

ISRO’s EOS-03 satellite launch on GSLV-F10 rocket fails 350 seconds after launch due to performance anomaly

The Indian Space Research Organisation (ISRO)’s highly-anticipated launch of Earth observation satellite -3 or GISAT-1 failed after the rocket entered the lower reaches of space (an altitude of 139kms), after a flight of nearly 340 seconds (5mins 40 seconds). The first two stages of the rocket (that give initial thrust for lift-off and later carry the 52-meter tall vehicle to space) performed as expected. However, shortly after the rocket switched over to its final stage - the Cryogenic engine (that burns liquid hydrogen and oxygen), there was a marked deviation in its planned flight path. A typical rocket consists of two or more stages, each of which would have its own engines (either single or grouped in a cluster). Simply put, a rocket is a combination of multiple engines(stages) that are vertically stacked.

Covid-19: 41,195 new infections, active cases increase to 387,987

Covid-19: 41,195 new infections, active cases increase to 387,987

India logged 41,195 new coronavirus infections in a day taking the total tally of COVID-19 cases to 3,20,77,706, while the active cases increased to 3,87,987, according to the Union Health Ministry data updated on Thursday.

The death toll climbed to 4,29,669 with 490 fresh fatalities, the data updated at 8 am showed.

Yes Bank hits 52-week low in firm market, down 33% thus far in 2021

Yes Bank hits 52-week low in firm market, down 33% thus far in 2021

Shares of Yes Bank hit a 52-week low of Rs 11.89, down 1 per cent on the BSE in intra-day trade on Thursday in an otherwise firm market. The stock of the private sector lender was trading at its lowest level since August 3, 2020. Thus far in the calendar year 2021, the market price of Yes Bank has slipped 33 per cent, compared to a 14.6 per cent rally in the S&P BSE Sensex. It had hit a 52-week high of Rs 20.83 on December 11, 2020.

After a heavy loss in the January-March quarter of the financial year 2020-21 (Q4FY21), Yes Bank returned to profitability in the April-June quarter of the financial year 2021-22 (Q1FY22) with a profit of Rs 210 crore, mainly led by higher other income and lower provisions.

Indoco Remedies zooms 20%, hits record high on strong Q1 results

Indoco Remedies zooms 20%, hits record high on strong Q1 results

Shares of Indoco Remedies hit a record high of Rs 529.70 after they zoomed 20 per cent on the BSE in the intra-day trade on Thursday. The company reported a strong 40.2 per cent year on year (YoY) and 26.7 per cent quarter on quarter (QoQ) growth in revenue at Rs 386.8 crore for the quarter ended June 2021 (Q1FY22) on Wednesday on the back of a healthy growth in domestic markets due to traction for Covid portfolio during pandemic’s second wave.

The stock of the pharmaceutical company surpassed its previous high of Rs 495 touched on July 2, 2021.

Bata India jumps 5%, hits 52-week high on narrowing net loss in Q1

Bata India jumps 5%, hits 52-week high on narrowing net loss in Q1

Shares of Bata India soared 5 per cent to its fresh 52-week high of Rs 1754.80 on the BSE in intra-day session on Thursday following the footwear maker's June quarter results. Bata India on Wednesday, post-market hours, reported a narrowing of loss to Rs 69.5 crore in the April-June quarter (Q1) compared with Rs 101 crore net loss in the corresponding quarter last year.

The firm’s operating revenue grew 98 per cent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year-ago period.

Brookfield buys 30 acre land near Mumbai for Rs 600 cr to build data centre

Brookfield buys 30 acre land near Mumbai for Rs 600 cr to build data centre

In one of the biggest land deals in the country in the last couple of years, Canada's Brookfield has bought a 30 acre land parcel in Navi Mumbai, a satellite town of Mumbai, for Rs 600 crore from K Raheja Corp, sources said.

Brookfield plans to build a data centre on the plot.

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