The government has appointed merchant bankers for a period of three years for disinvestment of stake in IRCTC through an offer for sale.
Novartis has filed a complaint in the Federal Court in Wilmington, Delaware against Aurobindo Pharma, stating that Aurobindo's proposed generic version of a treatment for dry eye infringes 15 patents for Xiidra, which Novartis acquired in 2019 for $3.4 billion.
Torrent Pharma reported profit at Rs310cr in Q2FY21.
Angel Broking reported profit at Rs74.5cr in Q2FY21.
Finolex Industries reported a higher profit at Rs122.8cr in Q2FY21.
M&M Financial reported a higher profit at Rs303.5cr in Q2FY21.
NTPC will consider share buyback on November 2.
IDBI Bank to consider raising funds via Qualified Institutional Placement on October 29.
Great Eastern Shipping Board approved raising Rs150cr via NCDs.
ICRA downgrades rating on long-term funds of Forbes & Co. to ICRA BB+ from ICRA BBB+ while the outlook has been retained as negative.
NCL Industries Cement production up 65% in the September quarter to 6.14 lakh MT. Cement dispatches up 68% to 6.16 lakh MT.
Coforge Promoter Hulst BV sold 38 lakh shares or 6.27% stake at Rs2,310.56 per share.
Results today: Bharti Airtel, Tata Motors, Amara Raja Batteries, Castrol India, Ceat, ICICI Prudential Life Insurance Company, JM Financial, Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries.