Market leader State Bank of India (SBI) has sanctioned Rs 23,864 crore of loans and disbursed Rs 17,599 crore. It is followed by Punjab National Bank, which has sanctioned Rs 10,348 crore.

After Glenmark, companies like Cipla, Lupin and Sun Pharmaceutical Industries also launched their own variants of Favipiravir tablets. Lupin’s ‘Covihalt’ is priced at Rs 49 per tablet while Sun Pharma’s ‘FluGuard’ is priced as low as Rs 35 per tablet, which is the cheapest in India.

Single-mode optical fibre is imported from various countries including China, Japan, the US and Korea. The major quantity is imported from China. The directorate, in its probe, concluded that the product is being imported to India in such increased quantities that it may threaten the domestic manufacturers.

It pointed out that pharma companies cumulatively witnessed their pre-tax margins rise by 306 bps on an annualised basis and 551 bps sequentially in Q1 due to the strong revenue growth in the active pharmaceutical ingredient (API) business and lower operating expenses.

This move will align the company’s operations as well as capital structure. It will also help in streamlining its financial obligations and will significantly improve credit metrics.

Out of the overall loans set to be restructured, almost 60 per cent of them were inclined to slip into the non-performing assets (NPAs) category if not for the recast move. The restructuring will help banks' bottom-line as the money to be set aside as provisions will be lower.

The company’s current order book stands at Rs 26,115.2 crore, out of which, orders worth Rs 8,910 crore have been received in FY21 and the company further expects to secure orders worth Rs 5,000 crore for the rest of FY21.

 The company had strategically acquired ‘Adda52.com’, India’s largest online poker destination in 2017. With this investment, the company has consolidated its position in India’s gaming industry.

Let’s take a look at the recent order books of the major infrastructure companies which are likely to gain with this infra push. Order book of Larsen & Toubro (L&T) as on June 2020 stood at Rs 3,05,100 crore, NCC as on June 2020 stood at Rs 27,916 crore, Ashoka Buildcon as on June 2020 stood at Rs 8,616.8 crore, NBCC as on March 2020 was nearly Rs 70,000 crore and KNR Constructions as on March 2020 stood at Rs 7,888 crore.

It further showed that, on a YoY basis, non-food bank credit growth stood at 6.7 per cent in June 2020, approximately the same as in May 2020 but lower than June 2019, where it stood at 11.1 per cent. Credit growth to agriculture and allied activities grew by 2.4 per cent in June, compared to higher growth of 8.7 per cent in the corresponding month of 2019.