Tue, May 4, 2021 6:11 PM
Serum Institute of India invest £240 Mn in UK to expand vaccine business
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The irony of an AI iPhone is that it could also help one company that Apple is least interested in helping. Investors are increasingly enthusiastic about such a device following Apple’s latest earnings. Those results showed a pronounced weakness in iPhone revenue during the March quarter, but that was already expected, and the company cushioned the news with a generous stock buyback.
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Chemical and textile firm GHCL Ltd on Monday (May 6) reported a 50.16% year-on-year (YoY) drop in net profit at ₹125 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, GHCL Ltd posted a net profit of ₹250.8 crore, the company said in a regulatory filing. The company's revenue from operations dipped 26.5% to ₹823.4 crore against ₹1,119.8 crore.
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India's central bank is stepping in to ease banking system liquidity conditions as a national election which stretches over six weeks is hurting government spending despite strong tax collections. Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls.
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