News Overview

The company also secured a letter of award (LoA) from the Himachal Pradesh State Electricity Board for infrastructure development in both the North and South zones, with project costs of ₹409.65 Crore and ₹888.56 Crore, respectively, to be completed within 24 months.

While growth in passives remained steady, the love for alpha funds was quite evident.

Adani clarified that the group has no interest in bidding for AAI’s residual shares in Delhi, Bengaluru, and Hyderabad airports.

HG Infra Engineering also secured a contract for the construction of a 4-lane elevated corridor at Kalimandir-Dimna Chowk-Baliguma (Jamshedpur) section of NH-33 (New NH-18, from km 241.940 to km 251.961) under NH(O) on Engineering, Procurement and Construction (EPC) mode in Jharkhand.

The month of February 2024 saw record SIP inflows despite it being a shorter month.

Against its annual contracted value of USD50m supplies for Librela, Syngene has supplied USD94m worth of Librela to Zoetis over the past 13 months, which likely implies that Librela supplies to Zoetis will continue to taper off in CY24 and will present a tough base for Syngene going ahead. Syngene shipped just USD2m worth of Librela in Feb’24 vs USD21/13m in Dec’23/Jan’24 respectively.

In a press release, the company stated that the merger would establish a cohesive and sizable entity, endowed with enhanced financial strength and flexibility, providing direct access to capital. This strategic move is expected to empower the company to optimize the utilization and allocation of capital, thereby maximizing its potential to capitalize on opportunities.

Atish Majumdar, Senior President of Sales and Marketing at Mankind Pharma, stated that the dual mechanism of action and user-friendly design of Symbicort, housed in a single inhaler, has the potential to significantly assist patients in handling these conditions and enhancing their quality of life. The extensive outreach efforts of our field forces aim to enhance accessibility in both urban and rural markets.

According to the filing, Power Grid would own 74% of the joint venture, with RRVPNL owning 26%.

These transactions are frequently carried out below the going rate in the market. The transaction's specifics could yet alter, according to Bloomberg, and depending on the state of the market, the offering's launch could extend into next week.