Sanofi’s Q3CY20 revenues de-grew 11.9% YoY to Rs 687 crore mainly due to the full impact of divesture of a few products to Zentiva (Ankaleshwar slump sale) and continued impact of Covid-19 on some therapies. EBITDA margins improved 547 bps YoY to 28.0% due to lower other expenditure, better gross margins. Subsequently, EBITDA grew 9.5% YoY to Rs 192 crore. Reported PAT grew 5% YoY to Rs 133 crore. Delta vis-a-vis EBITDA was due to lower tax rate in Q3CY19. … [Read more...] about Buy Sanofi India; target of Rs 9820: ICICI Direct
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Why China is on a commodity buying spree and how does it benefit India
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Why China is on a commodity buying spree and how does it benefit India
Does Walmart have an Amazon Prime Day-style event? Yes, and so do Target and Best Buy this year
One of the biggest online retail sales of the year kicks off tomorrow. Amazon’s Prime Day 2020 launches on Tuesday, October 13, and runs until Wednesday, October 14. Needless to say, Amazon’s annual Prime Day sale is a massive event for the company, with hundreds of thousands of items heavily discounted. … [Read more...] about Does Walmart have an Amazon Prime Day-style event? Yes, and so do Target and Best Buy this year
This 14-year-old scientist has an award-winning idea to beat COVID-19
Anika Chebrolu, 14, of Frisco, Texas, has won this year’s 3M Young Scientist Challenge for her work finding a molecule that can selectively bind to the virus’s spike protein, according to the contest organizers. The eight grader used in-silico methodology for drug discovery to do it. … [Read more...] about This 14-year-old scientist has an award-winning idea to beat COVID-19
16 years later, we failed to take Oprah’s “You get a car!” moment to heart
By the premiere of the 19th season of The Oprah Winfrey Show in 2004, the host had given away a vast array of goods and services. It had become increasingly difficult to up the ante. Fortunately, according to the Making Oprah podcast, Winfrey’s best friend, Gayle King, was seated next to an executive from Pontiac on an airplane one day, and left with an offer to give away 25 cars on the show. Such an extravagant gesture was already certain to generate more attention than the average Favorite Things giveaway—but it wasn’t quite enough. Winfrey’s producers kept wooing and prodding the Pontiac people until they agreed to provide $8 million worth of sedans—enough to motorize every member of the audience. … [Read more...] about 16 years later, we failed to take Oprah’s “You get a car!” moment to heart
