Market Today
Proceeds from this transaction will be used for a combination of philanthropic and investment activities, according to a statement issued by the Shibulal and family members.
2. JioMart Beats Amazon, Big Basket In Daily Orders; Crosses 1 Million Android Downloads
As per the numbers shared by these companies, JioMart is generating 250,000 daily orders, which is more than Amazon’s 150,000 daily orders and Big Basket’s 220,000 daily orders.
3. Reliance Overtakes Exxon to Become World’s No. 2 Energy Company
Reliance’s shares have jumped 43% this year compared with a 39% drop in Exxon’s shares as refiners across the globe struggled with a plunge in fuel demand. Aramco with a market capitalization of $1.76 trillion is the world’s biggest energy company.
4. ICICI Bank Q1 profit jumps 36%; Rs 5,550 crore more set aside for COVID-19 provisions
India's second-largest private sector lender ICICI Bank on July 25 reported Q1 FY21 profit at Rs 2,599.1 crore, a growth of 36.2 percent year-on-year backed by some stake sale in general and life insurance subsidiaries.
5. Yusuf Hamied’s Cipla to launch Ciplenza for COVID treatment
Pharmaceutical firm Cipla is all set to launch Favipiravir, developed by the Council of Scientific and Industrial Research (CSIR) in a cost-effective process, for the treatment of COVID-19 patients, according to an official statement.
No comments: