News Overview

Cipla's total research and development expenditure for the quarter reached ₹385 Crore, representing 5.5% of total sales and reflecting a 2% increase year-on-year.

The contract involves implementing and supporting Ireland's new auto-enrollment retirement savings scheme, 'My Future Fund.'

The business reported a 13% growth in India revenues to ₹1,632 Crore, driven by outperformance in focus therapies.

Honeywell International's Indian subsidiary reported a 7.3% decrease in revenue from operations, reaching ₹1,024 Crore.

Dividend income increased marginally in the second quarter to ₹7.28 Crore from ₹5.66 Crore in the previous year's quarter.

Revenue from operations increased by 7.6% to ₹2,664 Crore, from ₹2,476 Crore in the same quarter last year.

Prestige Estate Projects has bought an estimated 17.45 acres of property in Whitefield, Bengaluru. The projected acquisition cost is ₹462 Crore.

Separately, Welspun Enterprises announced the hiring of Abhishek Chaudhary as CEO, beginning November 4, 2024.

NSE regularly updates the F&O ban list daily, based on securities crossing the MWPL threshold.

The euro rose slightly by 0.06% to $1.0824 ahead of GDP readings in Europe, which may influence the European Central Bank’s upcoming rate decision.