Pre Market Report

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News Shots Manufacturing PMI drops to 10-month low in May with a value of 50.8. PMI is a month-on-month calculation, and a value above 50 represents an expansion when compared to the previous month. Automobile companies posted a sharp fall in sales in May because of the lockdown situation. All auto companies reported a rise […]
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News Shots The Reserve Bank of India has levied a fine of Rs 10 crore on HDFC Bank for irregularities in the bank’s auto loan portfolio. Mahindra & Mahindra to spend Rs 12,000 crore in the next three years to launch new products across commercial and passenger vehicle segments, including electric vehicles. Aiming to strengthen […]
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News Shots Paytm board will meet over a virtual meeting to give their go-ahead for a Rs 21,000 crores initial public offering (IPO), making it the biggest in India’s history. An MOU has been signed between Bharat Biotech International and Gujarat Covid Vaccine Consortium for contract manufacturing the drug substance for Covaxin. GCVC comprises Gujarat […]
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News Shots Tata Consultancy Services partnered with LACChain to develop a blockchain ecosystem in Latin America and the Caribbean. Dyadic International has partnered with Syngene International to develop the Covid-19 vaccine in India. Adani Enterprises incorporated a wholly-owned subsidiary, Mahanadi Mines and Minerals, to own, develop and operate mines of various minerals. Kotak Mahindra Bank […]
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News Shots Sun Pharma Advanced Research reported Dilip Shanghvi has resigned as managing director of the company. He will continue to be associated with the board in his capacity as a non-executive director and Chairman. HDFC will raise up to Rs 7,000 crore by issuing bonds on private placement basis. The base issue size for […]
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News Shots The Russian Direct Investment Fund (RDIF) and drug firm Panacea Biotec announced the launch of production of the Sputnik V Covid-19 vaccine in India.  Bal Pharma launched Favipiravir formulation in the Indian market, under the brand name BALflu. Favipiravir is an emerging anti-viral drug used for patients with mild to moderate Covid-19 infection. […]
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News Shots Dr Reddy’s Laboratories is working on the development of new treatment options for COVID-19 patients which it aims to launch over the next few months while ensuring uninterrupted supplies of its existing range of products. Bharat Parenterals received license and authorisation from Drugs Controller General of India and Central Drugs Standard Control Organisation […]
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News Shots Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group’s retail, logistics and warehousing business in a Rs 24,713 crore deal. The Centre slashed subsidies on sugar exports from […]
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News Shots The union government has decided to increase the fertilizer subsidy outlay for the year by 14,775 crore. Fertilizer stocks are to be watched. State-owned construction firm NBCC has bagged a contract worth about Rs 597 crore in Uttarakhand, for construction and development of infrastructural facilities in the main campus of National Institute of […]

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