Today: PM Modi talks about free vaccination, NCLT Approves Piramal's Resolution Plan, New ITR Filing Website & more
The market closed up today with Nifty touching an all-time high.
Auto sector stocks performed well today. Financials, pharma, metals, and IT sectors performed poorly today while the mid-cap and small-cap stocks did well.
PM Modi in today’s address stated that 75% of the vaccine capacity will be procured by the Central Govt and 25% for private hospitals to procure.
All vaccines will be provided free of cost to all states from June 21.
The NCLT has approved the Piramal Group's resolution plan for DHFL.
Piramal Group has also stated that they have necessary approvals from the RBI and Competition Commission of India (CCI).
The Income Tax Department launched a new website on Monday for filing Income Tax Return.
A few features the new website will have: new payment options like UPI, quicker refunds, immediate processing of ITR among others
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Today: Ultratech Cement Q4, Covaxin being directly supplied to states, & more
The markets gained today for the 4th straight day with stocks from the metal and pharma sectors performing well.
Q4 Results Corner: Ultratech Cement
Net profit = Rs 1,775.23 crores - 45% fall from the same quarter last year.
Dividend of Rs. 37 per share.
Share price fell 1.22% - Rs 6,403.1 per share.
Yes, we know this all too well today but there was a time the general public wasn’t so sure.
Around the 1950s, against the wishes of some companies, new research surfaced - cigarettes are bad.
Cigarette brands were suddenly panicking. How would they sell?
Many big brands back then resorted to measures they hoped would be enough.
Better filters, lesser tobacco content, higher quality paper, and a bunch of other tactics were used. The marketing campaign for them was equally hyped.
But none of these actually proved to make cigarette smoking noticeably safer.