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Top stocks in focus: Maruti Suzuki, Britannia, PNB, Ashoka Builcon, AstraZeneca Pharma, BPCL

Maruti Suzuki’s production in January 2021 dropped to 1.60 lakh units from 1.79 lakh units in January 2020. Britannia reported a profit of Rs452.6cr in Q3FY21 against Rs368.9cr in Q3FY20. Revenue rose to Rs3,165.6cr from Rs2,982.7cr yoy. Punjab National Bank reported a profit of Rs506cr in Q3FY21 against Rs621cr in Q2FY21. Revenue fell to Rs8,313cr from Rs8,444.9cr qoq. Ashoka Buildcon reported a consolidated profit of Rs88.4cr in Q3FY21 against Rs32.4cr in Q3FY20, while revenue increased to Rs1,305.5cr from Rs1,280.4cr yoy. AstraZeneca Pharma India Limited has received Import and Market Permission in Form CT-20 from the Drugs Controller General of India for Dapagliflozin Tablets 10mg. The company will announce quarterly earnings today.

Competition Commission approves Indo Gulf Fertilizers-Indorama deal

Indo Gulf Fertilizers is a part of Grasim Industries Ltd. Indorama will acquire the business as a going concern on a slump sale basis, as per a notice filed with the watchdog. Commission approves acquisition of Indo Gulf Fertilizers (fertilizer business division of Grasim Industries Limited) by Indorama India Private Limited, the fair trade regulator said in a tweet. Indorama is engaged in manufacture, trading and sale of fertilisers, primarily, phosphatic fertilisers and speciality plant nutrients. Grasim Industries Ltd is into production of viscose staple fibre, textiles and insulators, among others. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Nanollose and Grasim file joint patent application for high tenacity lyocell : Biofuels Digest

Nanollose and Grasim file joint patent application for high tenacity lyocell : Biofuels Digest
biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.

Australian firm files patent for disruptive new textile

Australian firm files patent for disruptive new textile 15 January 2021 Nanollose Limited, a company listed on the Australian Securities Exchange, has filed a joint patent application for a production process that has the ability to produce an environmentally friendly nullarbor lyocell fibre that uses microbial cellulose instead of tree pulp. It has filed the application with Grasim Industries Ltd, one of the largest Viscose Staple Fibre (VSF) producers globally. The joint patent application is for a reportedly superior and environmentally friendly lyocell, which is finer than silk and significantly stronger than conventional lyocell made from wood pulp. Birla Cellulose, Grasim’s business unit focused on sustainable fibres, is among the largest producers of man-made cellulosic fibres (MMCF), and this, combined with their expertise and capabilities in fibre production, represents a new opportunity for Nanollose to advance the commercialisation of tree-free options.

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