Four promoter group entities, including Shirin Hamied, Samina Hamied, Rumana Hamied, and Okasa Pharma are planning to sell around 2.53% stake in pharma major Cipla through block deals on Wednesday, according to reports.The price range of the block is fixed at Rs 1,289-1,357, taking the total deal value to around Rs 2,637 crore.
Open FlipPatanjali Foods Q4 Results: Baba Ramdev-led Patanjali Foods announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Tuesday, May 14, reporting a drop of 22 per cent in standalone net profit at ₹206.32 crore, compared to ₹263.71 crore in the corresponding period last year. Patanjali Foods Q4 Results: Baba Ramdev-led company's net profit dropped 22 per cent in the March quarter.
Open FlipOne of the leading producers of silicon carbide (SiC) power chips, ON Semiconductor (NASDAQ: ON), is in the midst of a slump. The company -- one of the biggest manufacturers of SiC chips along with STMicroelectronics and Wolfspeed -- is forecasting a tumble in revenue through at least the first half of 2024 because of a slowdown in electric vehicle (EV) sales.
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