UPL

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Cadila Healthcare Q2 Results: Net profit jumps over six-fold YoY to Rs 3,002 crore Cadila Healthcare Ltd reported a 534.2% YoY jump in consolidated net profit to Rs 3,002.3 crore for the quarter ended September (Q2 FY22). Net profit jumped 411.29% compared to the previous quarter. Adjusted for exceptional items and one-off gain on the […]
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Adani Ports gets approval to acquire 10.4% stake in Gangavaram Port Adani Ports and Special Economic Zone Ltd (APSEZ) has received approval from the Andhra Pradesh government to acquire a 10.4% stake in Gangavaram Port. The consideration to be paid for the acquisition is Rs 644.78 crore. The transaction is expected to be completed within […]
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Reliance to spin-off Oil-to-Chemicals segment with $25 billion loan Reliance Industries Ltd (RIL) announced that it has initiated the process of carving out its Oil-to-Chemicals (O2C) business into an independent subsidiary. RIL will retain 100% management control in the subsidiary. It has also extended an interest-bearing loan of $25 billion (~Rs 1.81 lakh crore) to […]
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Whistleblower accuses UPL promoters of financial fraud According to a report by ET Prime, a whistleblower has alleged that UPL’s promoters have siphoned off money. The whistleblower stated that UPL entered into rent deals with a shell company, which was owned by its employees. The report also states that the company paid crores in rent […]

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