News Overview

After a strong FY23 for the base US business driven by market share ramp-up in Lanreotide, analysts at IIFL expect FY24 to be a relatively softer year on an ex-Revlimid basis.

The proceeds from the new equity issuance will be utilized to partially or fully repay debt and for general corporate purposes.

ONGC stated, "We are embracing challenges, protecting interests, & fostering partnerships."

Titan presently holds 71.09% of CaratLane's entire equity share capital on a fully diluted basis.

Analysts at IIFL Capital Services have reiterated ICRA as their top pick, while CARE is the dark horse.

In Q1FY24, bulk chemicals reported weak performance, on the back of steep decline in key product prices. Soda ash was an exemption as global prices stayed firm, while domestic prices were under pressure.

According to a CCI order, the transaction under review involved Axis Bank purchasing a 9.91% share in CSC e-Governance, and it was concluded in November 2020.

Analysts at IIFL Capital Services prefer DLF and Brigade Enterprises in the sector.

While JIO used to enjoy ~35% lower network cost per tower (including RoU depreciation + lease finance cost) vs Bharti three years back, this gap has now narrowed to ~10%.

Petrol and Diesel prices in cities across India on 21-08-2023