News Overview

The 100-year-old company is a major player in the domestic soft drinks market.

In a recent meeting with analysts at IIFL Capital Services, management of Altigreen discussed the focus on ownership of key tech (BMS, traction motor, transmission system), developed through extensive customer research and in-house R&D. This should be the moat to offer best value.

The outlook for the overall pharma sector for 2023 remains mixed. US generic market continues to be challenging, with high-single-digits to low-double-digits price erosion across companies. Additionally, with USFDA plant inspections picking up, regulatory risk for export-focused companies has increased, with a spate of warning letters/import alerts across plants. Comparatively, the domestic India Pharma Market (IPM) continues to clock a secular 10-11% growth for the industry.

The average property rate increased 13.9% year on year.

Airtel 5G Plus now works on all Android and Apple supported 5G devices.

The company will list on the stock exchanges NSE and BSE on Thursday, January 12.

The project is a collaboration between NTPC and Gujarat Gas Limited (GGL).

On the upside, heavyweight APL Apollo surges 2% amidst the gloom in the sector at Rs1,123.30 per share.

At Zinc India, mined metal production increased marginally by 1% to 2,54,000 tonnes in the third quarter.

The issue was subscribed just 53% during December 23-27, but the IPO was sailed through after the company reduced its offer-for-sale component.