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The Ahmedabad-based drugmaker has also entered into a definitive agreement with Shilpa Medicare Ltd, a contract manufacturing organisation, to produce mutually agreeable doses of ZyCoV-D. It has also entered into an agreement with Enzychem Lifesciences of the Republic of Korea for the manufacturing license and technology transfer for the Plasmid DNA Vaccine, Zydus Cadila noted.

ET NOW quoted sources as saying that the government may look to offload 5 per cent stake initially for Rs 65,000 crore to Rs 75,000 crore, which will meet the revised divestment target of Rs 78,000 crore for FY22. So far, the government has fetched little over Rs 12,000 crore from divestments this fiscal.

The Nifty Pharma index was trading 0.51 per cent up at 13545.75.

JM Financial said it sees potential for ITC to reverse the long period of lacklustre performance. The brokerage believes that the government’s increasingly "logical stance" on tobacco taxation to be one key value driver for the stock going forward.

Adani Ports and Special Economic Zone on Tuesday reported a 6.20 per cent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021.

On the technical charts, the 200-day moving average of the stock stood at Rs 517.72.

All this spending to boost the growth rates, while being inclusive, has not deviated the FM from the path of fiscal prudence.

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 21085.89 Crore) operating in Chemicals sector.

The fresh selloff in the market comes after yield on the 10-year paper rose to a three-year high on Tuesday, hardening a whopping 15 basis points

“I would not worry too much about the fiscal deficit because if the growth rate sustains itself, the deficit will end up coming down.”