Elliot Alderson, a French hacker says Koo is leaking users' personal data
Thu, Feb 11, 2021 1:04 PM

Elliot Alderson, a French hacker says Koo is leaking users' personal data

A French hacker, with the pseudonym Elliot Alderson, stated micro-blogging platform Koo is leaking the personal data of its users. Alderson said the app is leaking users' information such as email, date of birth, name, marital status, and gender. On February 10, Alderson said several Twitter users had asked him to test Koo. Several Union ministers recently shifted to the app.

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11% increase in passenger vehicle sales in India in January: SIAM
Thu, Feb 11, 2021 12:47 PM

11% increase in passenger vehicle sales in India in January: SIAM

Passenger vehicle sales in India rose by 11.14% to 2,76,554 units in January, auto industry body SIAM says. The figure stood at 2,48,840 units a year back. According to the SIAM, two-wheeler dispatches to dealers rose 6.63% to 14,29,928 units from 13,41,005 units in the last one year. Motorcycle sales increased 5.1% to 9,16,365 units as against 8,71,886 in January 2020.

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Hindalco climbs a fresh 52-week high after Q3 PAT jumps 76% YoY
Thu, Feb 11, 2021 12:40 PM

Hindalco climbs a fresh 52-week high after Q3 PAT jumps 76% YoY

Hindalco Industries touched a new 52-week high of Rs 294.50 on February 11, a day after the Aditya Birla group company announced a 76.2% YoY jump in December quarter standalone net profit to Rs 340 crore. In the corresponding quarter of the previous financial year, the profit was Rs 193 crore. Standalone revenue in Q3 FY21 stood at Rs 11,351 crore, up 11% YoY from Rs 10,230 crore.

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Suven Pharma Q3 PAT nearly doubles to Rs 113.63 crore
Thu, Feb 11, 2021 12:32 PM

Suven Pharma Q3 PAT nearly doubles to Rs 113.63 crore

Suven Pharma announced 53.84% growth in total revenues for the Q3FY21 on a consolidated basis at Rs274.93cr. The company’s core operation of contract development and manufacturing operations or CDMO saw good traction during the Dec-20 quarter as the global demand for CDMO was up sharply benefiting Suven in top-line growth. The consolidated PAT for the Q3FY21 was up 96.22% at Rs113.63cr.

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Rs200cr raised by Raymond through allotment of NCDs
Thu, Feb 11, 2021 12:10 PM

Rs200cr raised by Raymond through allotment of NCDs

Raymond Limited on Wednesday allotted 2000, 9% secured, listed, rated, Redeemable Non-Convertible Debentures (Series P) of face value Rs10 lakhs each at par, aggregating to Rs200cr on Private Placement basis. “The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited,” the company stated in a regulatory filing on Wednesday.

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Glenmark Pharma seeks USFDA approval for acne treatment drug
Thu, Feb 11, 2021 12:00 PM

Glenmark Pharma seeks USFDA approval for acne treatment drug

Glenmark Pharma on Thursday confirmed the receiving of final approval from the USFDA for Clindamycin Phosphate Gel, used to treat acne. The approved product is a generic version of Cleocin T Gel, 1 per cent, of Pharmacia & Upjohn. Glenmark said its current portfolio consists of 169 products authorised for US marketplace distribution and 42 abbreviated new drug applications are pending approval.

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And the much awaited research feature is live | Update App Right Now
Thu, Feb 11, 2021 11:55 AM

And the much awaited research feature is live | Update App Right Now

And it's done! It's no longer only about news, now investigate any stock using FlipItNews. Get all the important ratios, key metrics, financials of the last 10 years in one place. Check the balance sheet on the go or download annual reports just by a click. Not only that, compare them with industry average & do the fundamental analysis of any stock! Bonus? Contextual Learning on the go as well 😊

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Suprajit Engineering Q3 PAT increases by 65.53% at Rs 51.63 crore
Thu, Feb 11, 2021 11:49 AM

Suprajit Engineering Q3 PAT increases by 65.53% at Rs 51.63 crore

Suprajit Engineering announced 23.04% growth in total revenues for the Q3FY21 on consolidated basis at Rs507.27cr. Suprajit, being in the business of auto components has seen the demand grow robustly with the growth in auto sales, which had a strong quarter in the December quarter with festive demand picking up sharply. The consolidated PAT for the Q3FY21 was up 65.53% at Rs51.63cr.

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Singapore Airlines commences flights with fully vaccinated crew
Thu, Feb 11, 2021 11:38 AM

Singapore Airlines commences flights with fully vaccinated crew

Singapore Airlines (SIA) commenced operating flights on Thursday with full sets of crew members vaccinated against COVID-19 as the city-state seeks to rejuvenate its status as an international travel hub. The reputed airline stated pilots and cabin crew on three international flights from Singapore had received both of the required doses of the Pfizer-BioNTech vaccine.

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Procter & Gamble Health Q2 PAT increases by 77.65% at Rs 67.88 crore
Thu, Feb 11, 2021 11:31 AM

Procter & Gamble Health Q2 PAT increases by 77.65% at Rs 67.88 crore

Procter & Gamble Health announced a flat 1.46% growth in total revenues for the Q3FY21 on a consolidated basis at Rs240.22cr. P&G Healthcare was formerly called Merck India and has been delivering consistent growth via affordable vitamins, minerals, and health supplements. The consolidated profit after tax (PAT) for the Dec-20 quarter was up 77.65% at Rs67.88cr.

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Gold trades below Rs 48,000 on February 11
Thu, Feb 11, 2021 11:27 AM

Gold trades below Rs 48,000 on February 11

India Gold MCX April Futures trade lower below Rs 48,000 on February 11 tracking muted trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), April the yellow metal contracts were trading lower by 0.3% at Rs 47,864 for 10 grams at 0920 hours. March silver futures were trading 0.95% lower at Rs 68,271 a kilogram.

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Anand Mahindra makes personal investment in Agnikul Cosmos
Thu, Feb 11, 2021 11:06 AM

Anand Mahindra makes personal investment in Agnikul Cosmos

Anand Mahindra confirmed his investment in IIT Madras-incubated space technology start-up Agnikul Cosmos. "AGNIKUL is a startup that will build launch vehicles to carry micro/nanosatellites to low earth orbit on demand. They recently test-fired a fully 3D printed semi cryo rocket engine at IIT Madras. Terrific champions of the future. I've personally invested in the company," Mahindra tweeted.

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Magma Fincorp hits 52-week high as Rising Sun eyes majority stake
Thu, Feb 11, 2021 10:54 AM

Magma Fincorp hits 52-week high as Rising Sun eyes majority stake

Magma Fincorp touched a 52-week high of Rs 93.40 in the morning session on February 11 on news that Adar Poonawalla-backed Rising Sun Holdings will acquire a majority stake in the company. Rising Sun Holdings is controlled in personal capacity by Serum Institute of India CEO Adar Poonawalla. The deal will be carried out via a preferential issue of Magma Fincorp's equity shares worth Rs 3,456 cr.

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Yes Bank CEO expects ARC biz to operationalize in six months
Thu, Feb 11, 2021 10:48 AM

Yes Bank CEO expects ARC biz to operationalize in six months

Yes Bank was rallying high on the stock market during Thursday's session after the lender's CEO Prashant Kumar stated that he expects the bank's asset reconstruction company (ARC) business to operationalize within 6 six months. Kumar further expressed that many foreign firms have shown interest in the bank's ARC business. In September last year, Yes Bank had applied to the RBI for ARC launch.

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$800 million to be raised by Delhivery through IPO release
Thu, Feb 11, 2021 10:21 AM

$800 million to be raised by Delhivery through IPO release

Delhivery is planning to raise up to $800 million through an initial public offering (IPO) that might value the company at $3.2-4 billion. The supply chain services company is in talks with several banks, such as Kotak Mahindra Capital Company, Morgan Stanley, Citi, ICICI Securities, JP Morgan, and Bank of America. Earlier, in 2019, Delhivery raised $415 million in a Series F funding.

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