It been more than two months since the country started grappling with the second wave of coronavirus (COVID) and when every institution was overwhelmed by the pressure of rising new cases.
UPL glows on strong Q4 results
May 15, 2021
Analysts expect firm to grow in current environment
The stock of UPL Limited, formerly United Phosphorus Ltd, zoomed 10.5 per cent in intra-day trade on Friday after the company came out with a strong set of Q4 numbers. Following the stellar show, analyst turned more bullish on the NIfty-50 index stock by raising price targets.
Foreign brokerage CLSA, which raised the price target to ₹900 (from earlier 740) said UPL beat FY21 revenue/EBIDTA growth guidance but missed debt-reduction guidance by ₹700 crore. “FY22 was guided for 7-10 per cent revenue growth and 12-15 per cent EBIDTA growth YoY, better than our expectations”.
In the aftermath of a late night blast and fire at UPL-5 unit leading to two deaths and 20 being injured as well as five persons missing, the Gujarat government on Tuesday issued a closure notice to UPL Ltd s agrochemical plant at Jhagadia near Bharuch. The state s labour and employment department on Tuesday issued the closure notice to UPL Ltd (erstwhile United Phosphorus Ltd) after a blast and major fire. The fire had erupted after a blast in the factory in the early hours of Tuesday. Around 20 persons are injured apart from two fatalities and five labourers missing, according to local reports. Injured laborers were sent to Surat and Vadodara Hospitals.
Padma Awardee Sridhar Vembu Bucks The Trend, Helps Craft World Class Software From Indiaâs Rural Reaches  Â
by Anand Parthasarathy - Jan 27, 2021 03:12 PM
Sridhar Vembu (Twitter)
Snapshot
Zoho tapped into the latent talent of rural and agricultural area as Vembu believed that talent in India is not the exclusive preserve of metros.
The only technocrat to be honoured in this yearâs Padma awards is Sridhar Vembu, founder and chief executive officer of the Chennai-headquartered Zoho Corporation, whose office productivity tools are taking on global brands like Salesforce and Microsoft in their own markets.
Vembuâs Padma Shri Award is a recognition, at last, of the quiet contribution that his company, almost a quarter century old, has made, to create a truly Indian brand in the fiercely competitive global market in office productivity software.