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The rating agency has assigned an ICRA A+ rating to the company’s Tier II Bonds.

Granules India said that Granules Pharmaceuticals, Inc. (GPI), a wholly-owned foreign subsidiary of the company, located in Chantilly, Virginia, USA received an establishment inspection report (EIR) from the US Food and Drug Administration (US FDA).

The company's step-down subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has received a Letter of Award (LOA) dated March 14, 2022 from NHAI.

The rating on short-term debt facilities and the Commercial Paper programme of the company has been reaffirmed at CRISIL Al+.

Instruments with [ICRA]A+ rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations.

Here is the stock market performance at 1:30 PM today.

Chinas industrial production rose by 7.5% on year in January-February 2022 combined, quickening from a 4.3% gain in the prior period, data from the National Bureau of Statistics showed on Tuesday. The latest figure was the fastest pace since June 2021, as the recovery in the economy gained momentum in the first two months of the year, with both manufacturing and mining output accelerating while […]

IPCL and E2S Power will work with major companies in the power and renewable energy sector in India to identify, evaluate and offer optimized integrated thermal energy solutions for existing plants and facilities being phased out.

The benchmark indices hit intraday low during afternoon trade, dragged by metal, oil & gas and IT scrips. The Nifty slipped below 16,700 mark. At 13:30 IST, the barometer index, the S&P BSE Sensex, fell 592.71 points or 1.05% at 55,893.31. The Nifty 50 index lost 180 points or 1.07% at 16,691.30. Reliance Industries (down 2.18%), Infosys (down 2.25%) and HDFC Bank (down 1.17%) dragged […]

Shalini is a Management Graduate from Edinburgh Business School, UK.