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Tag: Biocon

  • Electoral bonds: BJP received donations from big corporate groups

    The BJP remained a major beneficiary of electoral bonds purchased by big corporate groups like Vedanta, Bharti Airtel, Muthoot, Baja Auto, Jindal group and TVS Motor, according to an analysis of data released by the Election Commission on Thursday. The Election Commission made public a fresh data set of electoral bonds, including their alphanumeric numbers that can help match their purchasers with the political parties that received the funds.

    Vedanta group gave donations to BJP, Congress, BJD and TMC while Bharti Airtel donated to BJP, RJD, SAD, Congress, and Janata Dal (United).

    Muthoot donated to BJP, NCP Maharahstra Pradesh, Bajaj group to BJP and AAP, Apollo Tires to Congress, Keventers to BJP and Congress. Industrialist Lakshmi Niwas Mittal donated to the BJP, while Biocon chief Kiran Mazumdar Shaw donated to BJP, TMC and Congress.

    Rungta Sons Private Limited donated to Congress, BJP, TMC and Sikkim Krantikari Morcha.

    Pharmaceutical companies Piramal Capital and Sun Pharma donated to the BJP while Torrent Pharmaceutical Limited donated to BJP, AAP and Congress, Natco Pharma gave donations to BJP, TDP, TMC and BRS.

  • Stock Market Today: Indices finish increased for fifth consecutive session, Sensex rises 21 factors

    Share, Stock Market, Sensex, Nifty: The benchmark indices on BSE and National Stock Exchange (NSE) prolonged their positive factors for the fifth consecutive session and ending marginally increased on Tuesday.

    The S&P BSE Sensex rose 20.86 factors (0.04 per cent) to finish at 58,136.36 whereas the NIfty 50 inched 5.40 factors (0.03 per cent) increased to settle at 17,345.45. Both the indices had opened marginally decrease earlier within the day and moved in a slender vary all through the session.

    On the Sensex pack, IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki India, Hindustan Unilever (HUL), State Bank of India (SBI) and Mahindra & Mahindra (M&M) have been the highest gainers of the day whereas Tech Mahindra, Housing Development Finance Corporation (HDFC), Larsen & Toubro (L&T), Tata Steel, HDFC Bank and Bharti Airtel have been the highest laggards.

    Among sectors, the Nifty PSU Bank index rose 2.68 per cent whereas the Nifty FMCG climbed up 0.64 per cent and Nifty Auto inched up 0.54 per cent. On the opposite hand, Nifty Realty fell 1.69 per cent and Nifty IT slipped 0.67 per cent.

    In the broader market, the S&P BSE MidCap index ended at 24,535.78, up 122.33 factors (0.50 per cent) whereas the S&P BSE SmallCap settled at 27,549.73, up 94.35 factors (0.34 per cent). On NSE, the volatility index or India VIX rose 5.97 per cent to 18.53.

    “Global indicators did not favour bulls, with most Asian and western markets trading over concerns of rising geopolitical tension between the US and China. Additionally, economic data point to a decrease in demand, major markets throughout the world are trading with recessionary fears. The domestic market, however, has proven resilient thanks to increased demand in heavyweights and a strengthening Indian rupee underpinned by falling US treasury yields & FIIs buying,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from AP)

    Global shares have been principally decrease Tuesday as an anticipated go to by US House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing.

    European shares principally declined in early buying and selling, after benchmarks completed principally decrease in Asia. France’s CAC 40 slipped 0.5 per cent in early buying and selling to six,406.15, whereas Germany’s DAX misplaced 0.7 per cent to 13,388.26. Britain’s FTSE 100 was little modified, inching up lower than 0.1 per cent to 7,416.42. The future for the S&P 500 misplaced 0.6 per cent whereas that for the Dow industrials misplaced 0.4 per cent.

    In Asian buying and selling, Japan’s benchmark Nikkei 225 declined 1.4 per cent to 27,594.73. South Korea’s Kospi slipped 0.5 per cent to 2,439.62. Hong Kong’s Hang Seng dropped 2.4 per cent to 19,689.21, whereas the Shanghai Composite dove 2.3 per cent to three,186.27.

  • From Axis Bank to Ambuja Cements: Here are prime shares to observe on April 29

    The frontline fairness indices on the BSE and National Stock Exchange (NSE) ended over 1.2 per cent greater on Thursday. The S&P BSE Sensex surged 701.67 factors (1.23 per cent) to finish at 57,521.06 whereas the Nifty 50 rallied 206.65 factors (1.21 per cent) to settle at 17,245.05.

    Going forward, listed here are the highest shares to observe on Friday, April 29, 2022:

    Axis Bank

    Private sector lender Axis Bank on Thursday reported a 49.77 per cent leap in its consolidated web revenue for the March quarter to Rs 4,434 crore on a consolidated foundation, helped by a steep discount in cash put aside for dangerous money owed.

    On a standalone foundation, the third-largest non-public sector lender reported a 54 per cent leap in its post-tax web at Rs 4,118 crore. For the fiscal 12 months 2021-22, it reported a 98 per cent leap in its post-tax revenue at Rs 13,025 crore.

    For the reporting quarter, its core web curiosity revenue grew 17 per cent to Rs 8,819 crore, on a 15 per cent development in advances and a marginal narrowing within the web curiosity margin at 3.49 per cent. The different revenue grew 19 per cent to Rs 4,223 crore, helped by a robust push from retail merchandise charges.

    Motilal Oswal Financial Services

    Brokerage agency Motilal Oswal Financial Services on Thursday reported a 35 per cent fall in web revenue at Rs 300 crore within the three months to March, regardless that its income grew by 21 per cent to Rs 1,100 crore. The firm had posted a web revenue of Rs 461 crore within the year-ago interval.

    For the total 12 months, the corporate reported a 33 per cent uptick in income at Rs 4,051 crore and earned a web revenue of Rs 1,310 crore, which is a development of 4 per cent.

    Biocon

    Biocon on Thursday reported a 4 per cent decline in consolidated web revenue to Rs 283.9 crore within the fourth quarter ended on March 31, 2022. The firm, which posted a consolidated web revenue of Rs 296.4 crore in the identical quarter earlier fiscal, has appointed former HSBC India Chairperson Naina Lal Kidwai as an unbiased director, Biocon mentioned in a regulatory submitting.

    Consolidated income from operations within the fourth quarter stood at Rs 2,408.8 crore as in opposition to Rs 1,842.1 crore within the year-ago interval, it added.

    IIFL Finance

    IIFL Finance on Thursday reported a 30 per cent development in web revenue to Rs 321 crore for the March quarter, pushed by robust mortgage gross sales and decrease provisioning for impaired belongings.

    For the total 12 months ending March 2022, the corporate booked a Rs 1,188 crore in web revenue, a development of 56 per cent year-on-year, aided by an total asset development of 15 per cent to Rs 51,210 crore regardless of Covid interruptions in the course of the 12 months.

    Shriram Transport Finance

    Non-banking monetary firm (NBFC) Shriram Transport Finance on Thursday reported a 43.87 per cent leap in its standalone revenue after tax at Rs 1,086.13 crore within the quarter ended March 2022, on the again of enchancment within the web curiosity margin and asset high quality.

    The firm had reported a standalone revenue after tax of Rs 754.93 crore in the identical interval of FY21.

    Ambuja Cements

    Ambuja Cements, a part of Swiss constructing materials main Holcim Group, on Thursday reported a 30.26 per cent decline in its consolidated web revenue to Rs 856.46 crore for the primary quarter ended March 2022 on account of rising gas costs. The firm, which follows the January-December monetary 12 months, had clocked a web revenue of Rs 1,228.24 crore a 12 months in the past, Ambuja Cements mentioned in a BSE submitting.

    However, its income from operations elevated by 2.4 per cent to Rs 7,900.04 crore in the course of the January-March quarter in comparison with Rs 7,714.81 crore within the corresponding quarter of the earlier monetary 12 months.

    Vedanta

    Mining main Vedanta on Thursday reported a consolidated revenue after tax of Rs 7,570 crore for the January-March quarter of 2021-22 on the again of upper gross sales quantity, supportive commodity costs and operational efficiencies. The firm had posted a revenue after tax of Rs 5,105 crore within the year-ago interval, Vedanta mentioned in an announcement.

    The distinctive objects at Rs 336 crore in final quarter primarily relate to Rs 2,697 crore acquire from impairment reversal in oil and gasoline, which was partially offset by exploration price written off in Cairn.

    The firm’s income from operations within the interval below assessment rose to Rs 39,342 crore from Rs 27,874 crore a 12 months in the past. Its bills stood at Rs 29,901 crore within the quarter in opposition to Rs 22,549 crore within the year-ago interval.

    -with PTI inputs