According to sources, the government has negotiated the pricing of the vaccine which is "much lower than what the manufacturers had demanded but more than what the government is paying for Covaxin and Covishield".
"The company is looking at formalising a succession plan and a chief executive who will report to Berry, who may take up larger responsibilities," an executive directly aware of the development said on condition of anonymity.
ITC, L&T, Maruti Suzuki, Titan, Adani Enterprises, Adani Ports, SBI Life, Bajaj Auto, IndusInd Bank, United Spirits, PNB, Lupin and Dalmia Bharat are among the companies that will announce their September quarter results today.
A commensurate 30% rise in petro product prices in India would mean petrol prices could be near the Rs 150-per-litre mark and diesel Rs 140/ltr. On Tuesday, the price of petrol in the city was Rs 113.4/ltr while diesel was at Rs 104.4/ltr.
On a standalone basis, the company’s net profit remained flat at Rs 441 crore. During the June quarter, Ambuja reported a consolidated net profit of Rs 1,165.24 crore.
Sanofi India board in its meeting held on July 27 had approved a transaction for slump sale and transfer of its nutraceuticals business to Universal Nutriscience for a consideration of Rs 587 crore.
With increased interest and focus on investments in the ESG space globally, Asset Management Companies (AMCs) in India have also been launching equity schemes in the ESG space under the thematic category.
The company has issued postal ballot notice to seek approval of shareholders on a proposal to issue bonus shares to members, a BSE filing said.
Consolidated net revenue in the second quarter grew by 57 per cent to Rs 454.2 crore as against Rs 289.3 in the year-ago period, Greenlam Industries Ltd said in a regulatory filing.
Total income during the quarter under review increased to Rs 1,504 crore from Rs 1,169 crore in the year-ago period.
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