News Overview

EBIDTA at Rs123 crore; up 22% yoy, EBIDTA Margin at 25% in FY22.

IRB Infrastructure Developers has received Appointed Date from the Competent Authority for Project of Rehabilitation and Upgradation to Four Lane configuration & Strengthening of Punjab/HP Border to Mo from Km 11.000 to Km 42.000 (Design Length 28.700 KM) of NH-20 (New NH154) of Pathankot-Mandi Section in the state of Himachal Pradesh on Hybrid Annuity Mode (HAM) (PackageIA) (Project). Accordingly, the SPV would commence construction on […]

Glenmark Pharmaceuticals Inc., USA (Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for Abiraterone Acetate Tablets USP, 500 mg, the generic version of Zytiga?1 Tablets, 500 mg, of Janssen Biotech Inc. According to IQVIATM sales data for the 12 month period ending March 2022, the Zytiga? Tablets, 500 mg market achieved annual sales of approximately $260.2 million. Glenmarks […]

In B Group

The US stock market finished volatile session in negative territory on Thursday, 19 May 2022, in a continuing selloff driven by investor fears that the economy could be pitched into a recession amid backdrop of rising prices and tightening monetary policy. Major US indices dropped more than 3.5% on Wednesday, buffeted by worries about rising prices cutting into profit margins following disappointing results from retail […]

HPCL: The company reported consolidated net profit of Rs 2018.45 crore in Q4 FY22 as compared to net profit of Rs 3060.70 crore in Q4 FY21. Total income rose to Rs 106533.84 crore from Rs 85754.76 crore. Godrej Consumer Products: The company reported consolidated net profit of Rs 363.24 crore in Q4 FY22 as compared to net profit of Rs 365.84 crore in Q4 FY21. […]

Reported sales nil

WBMS data showed that global copper market recorded a deficit of 189 kt in January to March 2022 which follows a deficit of 473 kt in the whole of 2021. Reported stocks (including LME off warrant stocks) at the end of March 2022 were 94.5 kt higher than at the end of December 2021. Net deliveries into Shanghai warehouses were 63.9 kt and Comex stocks […]

Gold soared on choppy moves in the equities and a more than 1% drop in the US dollar index. Following the sell-off seen in the previous session, stocks saw substantial volatility during trading on Thursday. The major averages showed wild swings over the course of the session before closing in negative territory. COMEX Gold moved up near $1840 per ounce following this. Powered by Commodity […]

SGX Nifty starts the day on the rise