Balmer Lawrie & Company consolidated net profit rises 59 65% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: One-third of BSE500 stocks, including Reliance Industries, Maruti Suzuki, SBI, Hero MotoCorp and Bajaj Finance, are now in bear market, as suggested by over 20 per cent fall from 52-week highs amid fears over the second wave of Covid cases.
But with the government announcing the next phase of vaccination, offering Rs 4,500 crore credit to vaccine makers Serum and Bharat Biotech, and also allowing 50 per cent vaccine supplies to the open market, among other measures, things look set to change.
There are reports that Prime Minister Narendra Modi will be meeting vaccine manufacturers on Tuesday at 6 pm wherein the Department of Biotechnology (DBT) will make a presentation and also coordinate with all the participants. All these developments should soothe investors nerves over the likely impact of Covid 2.0 on India Inc balance sheets.
With effect from 20 January 2021 Balmer Lawrie & Company announced the cessation of directorship of Vijay Sharma (DIN 08045837) as Non-executive Government Nominee Director of the Company with effect from 20 January 2021. Further, Kushagra Mittal (DIN: 09026246) has been appointed as a Non-Executive, Additional Director in the designation of Government Nominee Director of the Company with effect from 20 January, 2021 for a period of three years on coterminus basis, or until further orders, whichever is earlier.
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