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Strides Pharma Secures US FDA Nod for Sevelamer Carbonate Tablets, 800 mg

Strides Pharma Secures US FDA Nod for Sevelamer Carbonate Tablets, 800 mg

10 May 2024

On May 10, 2024, Strides Pharma Science Limited informed the stock exchanges that the company’s step-down wholly owned subsidiary, Strides Pharma Global Pte. Limited, Singapore, got approval for Sevelamer Carbonate Tablets, 800 mg, from the United States Food & Drug Administration (US FDA). The company stated that the product is therapeutically equivalent and bioequivalent to …

Thomas Cook India Introduces TCPay for International Money Transfers

Thomas Cook India Introduces TCPay for International Money Transfers

10 May 2024

On May 10, 2024, Thomas Cook India informed the exchanges about the launch of TCPay, a new digital service that simplifies and streamlines international money transfers. The company stated that the conventional way to send money abroad was regarded as a difficult process that involved visits to branches, cumbersome paperwork, and fixed working hours. Addressing …

Timken India Ltd: Poised for Technical Breakout

Timken India Ltd: Poised for Technical Breakout

10 May 2024

Company Overview Founded on June 15, 1987, Timken India Ltd. is a prominent player in manufacturing, distributing, and selling anti-friction bearings, primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products. Headquartered in Bangalore, India, the company serves a diverse customer base and also provides maintenance contracts and refurbishment services. Market …

Bank of Baroda Q4 Results, NII and Net Profit Beats Street Estimates

Bank of Baroda Q4 Results, NII and Net Profit Beats Street Estimates

10 May 2024

The Public Sector Bank, Bank of Baroda has reported its Q4 FY 2023-24 results today, The Net profit in this quarter rose by 2.3% on a year-on-year basis to Rs.4,886.5 crores as compared to  Rs.4,775.3 crores in Q4 FY 2022-23. Q4 Performance of Bank of Baroda In the fourth quarter of FY24, Bank of Baroda, …

Tata Sons Doubles Royalty Fee From Companies Like TCS, Tata Motors and Tata Steel

Tata Sons Doubles Royalty Fee From Companies Like TCS, Tata Motors and Tata Steel

10 May 2024

Ratan Tata pioneered the concept of a brand subscription scheme in 1996. According to this arrangement, it required Tata-affiliated companies to pay 0.25% of yearly revenue or 5% of pre-tax profit for direct use of the Tata brand, and 0.15% for indirect use. Increase in Royalty Fee Tata Sons, the main holding company of the …

Polycab India Released FY2024 Earnings: Revenue Soars 27%

Polycab India Released FY2024 Earnings: Revenue Soars 27%

10 May 2024

On May 10, 2024, Polycab India Limited (PIL), one of the leading wire and cable manufacturers, released its financial results for the quarter and year ended March 31, 2024 (FY 2024). Quarterly Performance During Q4 FY2024, the company witnessed a 29% YoY revenue growth, which was fueled by strong volume growth in the wires and …

Tata Steel Boosts Stake in ISWP with ₹80 Crore Investment

Tata Steel Boosts Stake in ISWP with ₹80 Crore Investment

10 May 2024

On May 9, 2024, Tata Steel Limited informed the exchanges that the company had acquired 18,73,493 equity shares of ₹10 each at an issue price of ₹427.01 per share of The Indian Steel & Wire Products Limited (ISWP). The Indian Steel & Wire Products Limited is a subsidiary company of Tata Steel. Tata Steel has …

Infosys Teams Up with ABB FIA Formula E Championship for Digital Innovation

Infosys Teams Up with ABB FIA Formula E Championship for Digital Innovation

10 May 2024

On May 9, 2024, Infosys Ltd informed the stock exchanges that they had signed a strategic three-year partnership with the ABB FIA Formula E World Championship as its official Digital Innovation Partner. ABB FIA Formula E World Championship is the global motorsport championship for electric cars. Through this alliance, Infosys will provide in-race analytics, enhance …

Praveg Limited Strengthened Business Operation: Stared Beach Resort in Diu

Praveg Limited Strengthened Business Operation: Stared Beach Resort in Diu

10 May 2024

Praveg Limited, India’s leading eco-conscious luxury resort company, announced the opening of Praveg Beach Resort at Nagoa Beach, Diu. This momentous occasion signifies a significant milestone in Praveg’s unwavering commitment to offering unparalleled experiences in luxury and hospitality. Announced just last October, the project’s swift completion within six months exemplifies Praveg’s dedication and efficiency. The …

These 3 Stocks from BSE 500 Jumped Over 5% Today; Do You Own Any?

These 3 Stocks from BSE 500 Jumped Over 5% Today; Do You Own Any?

10 May 2024

The benchmark index S&P BSE 500 opened today at 32,215.14 and made its day high at 32,357.61, and it is trading in green today, up by over 0.60%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Hindustan Zinc Ltd Shares …

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