Profit for the corresponding quarter of the previous financial year stood at Rs 1,444 crore.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about HUL clears proposal to form a new 100% subsidiary
Hul
Hindustan Unilever shares climb 3% after board approves formation of a new subsidiary
Shares of the company traded 1.57 percent up at Rs 2,250.90 on BSE around 10:30 hours.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Hindustan Unilever shares climb 3% after board approves formation of a new subsidiary
HDFC Life, Bandhan Bank, Info Edge shares gain 4% on inclusion in derivatives segment
HDFC Life Insurance Company was up 3.25 percent at Rs 579.05, Bandhan Bank up 1.7 percent at Rs 415.50 and Info Edge India up 1.07 percent at Rs 2,740.90 on the BSE at 1025 hours IST.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about HDFC Life, Bandhan Bank, Info Edge shares gain 4% on inclusion in derivatives segment
Emkay Global upgrades Havells to buy; share price up 3%
Key risks would be delayed macro recovery, sustained weak performance in the core business, longer-than-expected time for market share rebound in Fans, lack of acceptance of new product launches, continued market share loss in Lloyd, adverse commodity prices, and prolonged disruption due to Covid-19 in China, it added. … [Read more...] about Emkay Global upgrades Havells to buy; share price up 3%
Biocon shares decline 6% after USFDA observations for Bengaluru unit
The five observations are:The cleaning validation protocols are not adequately performed;The company failed to adequately investigate non-conformances;Equipment used in production operations are not adequately qualified;The company failed to fulfill responsibilities of the quality control unit;The company failed to adequately handle, store & document material movement & status.Last week, the USFDA also conducted a pre-approval inspection (PAI) of Biocon's subsidiary, Biocon Sdn. Bhd's Insulins manufacturing facility based in Malaysia, for Insulin Glargine, during February 10-21 and issued a Form 483 with three observations. … [Read more...] about Biocon shares decline 6% after USFDA observations for Bengaluru unit
