News Overview

According to the company's exchange statement, the order is projected to be implemented in about three years, with a total cost of ₹543 Crore.

AstraZeneca's revenue for the nine months ending December 31, 2023, increased by over 28% year on year to ₹939 Crore. Innovative compounds such as Tagrisso (osimertinib) for lung cancer, Lynparza (olaparib) for ovarian cancer, Imfinzi (durvalumab), Fasenra (benralizumab) for asthma, and Calquence (acalabrutinib) for lymphoma drove growth.

Sun Pharmaceutical Industries Inc is recalling 47,520 bottles (40mg) and 7,488 bottles (80 mg) of the drug owing to deviations from Current Good Manufacturing Practice requirements (CGMP), the company noted. The USFDA reported microbial contamination in standing water within the duct of the manufacturing equipment," the regulatory body highlighted.

Ashish Sehgal, the company's chief growth officer for ad revenue, will report directly to Goenka following Rahul Johri's resignation as revenue and monetisation vertical head. In keeping with the new lateral structure, Sehgal will now collaborate closely with Goenka to optimise value for advertising. All other Johri reportees will report to Goenka's office.

The stocks affected by the F&O ban are Manappuram Finance, Mahanagar Gas, SAIL, Tata Chemicals, and ZEEL.

According to figures released last Friday, non-farm payrolls climbed by 275,000 jobs last month, exceeding economists' projections of 200,000 job increases.

China last week announced a 5% annual economic growth target for 2024, which many observers deemed ambitious in the absence of significant additional stimulus.

As the outcomes of this year's annual "shunto" wage discussions are expected on Wednesday, an increasing number of BOJ officials are warming to the idea of terminating negative rates at their meeting on March 18–19, sources told Reuters. This is in anticipation of large pay increases from Japan's largest companies.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes. These influences lead to varying fuel rates across different states in the country.

The IPO, featuring a price band of ₹680-715 per share, is set to open for subscription on March 14, with anchor bidding slated to commence a day earlier on March 13. The subscription window will close on March 18, followed by the basis of allotment on March 19 and the credit of equity shares to dematerialized accounts on March 20. The stock is anticipated to debut on exchanges on March 21.