Share Market News as per IIFL Today

Vivimed Labs received an export order for the 

supply of 'Favulous' tablets 200 mg (Favipiravir) 

that is used for the treatment of mild to 

moderate cases of COVID-19.

 Birlasoft appointed Chandrasekar Thyagarajan 

as Chief Financial Officer.

 HDFC has launched QIP issue at a floor price of 

Rs1,838.94/share

 Xchanging Solutions to meet on Aug.13 to 

consider delisting offer.

 Inox Leisure Board has approved the enabling 

resolution for fund raising up to Rs250cr 

through the issuance of equity shares/other 

securities.

 National Fertilizers Q1FY21 sales up 20% at 

18.79 lakh MT,Urea sales up 17% at 15.87 lakh 

MT.

 VIP Industries Board approved issue of NCDs 

worth Rs50cr on a private placement basis.

 Cera Sanitaryware to discontinue its business 

operations of its Dubai arm.

 Alkem Laboratories has launched Favipiravir 

under the brand name “Alfluenza”.

 Apollo Tyres Board approved issue of NCDs 

worth Rs1,000cr to issue convertible preference 

shares up to Rs540cr to Emerald Sage 

Investment.

 Adani Gas CEO Suresh Manglani said that the 

Total-Adani Gas venture will apply for India’s 

fuel retail licensing in company’s conference 

call.

 GOCL Corporation Board approved to seek 

shareholders nod for raising of further capital/ 

resources in the form of debt, convertible debt 

or equity by way of various means such as 

QIPs, issue of ADRs/GDRs, etc up to $150 

million.

 RBI has given in-principle approval to South 

Indian Bank for setting up of a wholly owned 

non-financial arm for undertaking activities 

permitted by RBI.

 India Ratings and Research has upgraded 

Eveready Industries’ long term credit ratings to 

‘IND BB+’ from ‘IND BB’.

 InterGlobe Aviation to consider raising funds on 

Aug.10

 ZydusCadila to commence phase II clinical trials 

of COVID-19 vaccine from August 6.

 Vodafone Idea pays Rs1,200cr dues towards 

license and spectrum says report.

 RCom insolvency case adjourned to Aug 19.

Economy Snippets:

 RBI monetary policy: Reserve Bank may cut 

interest rates by 25 bps; focus likely to be on 

transmission. (FE)

 Service sector falls sharply in July: No real sign 

of economic recovery; job cuts at record high. 

(FE)

 Scrutiny of income tax returns reduced to 0.25 

pc in assessment year 2018-19: FinMin

 Services activity contraction weakens in July but 

downturn not slowing: IHS Markit

 Diversification in supply chains will be key in 

post-COVID order: Hardeep Singh Puri.