Citi is expected to start bilateral negotiations and announce a formal winner in the next one-two months. None of the bidders have offered stocks, and have submitted all-cash bids. The first two are the most aggressive bidders and are the frontrunners.

The core radio business recorded a strong 50% growth rate, while the solutions business witnessed a 51% jump. With a bounceback in revenues and a cost-control initiative in place, the company also turned Ebitda positive and posted an operating profit of ₹8.9 crore for the quarter ended September.

According to sources, the government has negotiated the pricing of the vaccine which is "much lower than what the manufacturers had demanded but more than what the government is paying for Covaxin and Covishield".

"The company is looking at formalising a succession plan and a chief executive who will report to Berry, who may take up larger responsibilities," an executive directly aware of the development said on condition of anonymity.

ITC, L&T, Maruti Suzuki, Titan, Adani Enterprises, Adani Ports, SBI Life, Bajaj Auto, IndusInd Bank, United Spirits, PNB, Lupin and Dalmia Bharat are among the companies that will announce their September quarter results today.

A commensurate 30% rise in petro product prices in India would mean petrol prices could be near the Rs 150-per-litre mark and diesel Rs 140/ltr. On Tuesday, the price of petrol in the city was Rs 113.4/ltr while diesel was at Rs 104.4/ltr.

On a standalone basis, the company’s net profit remained flat at Rs 441 crore. During the June quarter, Ambuja reported a consolidated net profit of Rs 1,165.24 crore.

Sanofi India board in its meeting held on July 27 had approved a transaction for slump sale and transfer of its nutraceuticals business to Universal Nutriscience for a consideration of Rs 587 crore.

With increased interest and focus on investments in the ESG space globally, Asset Management Companies (AMCs) in India have also been launching equity schemes in the ESG space under the thematic category.

The company has issued postal ballot notice to seek approval of shareholders on a proposal to issue bonus shares to members, a BSE filing said.