Drug major Lupin has received a warning letter from the US health regulator for its Somerset, New Jersey facility. The US FDA had inspected the site from September 10, 2020 to November 5, 2020. Nithya Balasubramanian, Director at Sanford Bernstein expressed her disappointment at this.

Sanford Bernstein has an outperform rating on Dr Reddys Laboratories (DRL). Nithya Balasubramanian, Director at Sanford Bernstein, believes that the Sputnik V COVID-19 vaccine could be EPS dilutive for Dr Reddy’s as of now.

E-commerce majors Amazon and Flipkart are under the competition watchdog's lens. The Competition Commission of India (CCI) plans to expedite a probe into the allegations of anti-competitive behaviour against the two firms. The antitrust probe had begun last year after complaints alleging that the two companies promoted select sellers on their platforms and provided deep discounts that stifled competition.

Parikshit Luthra reports that Butschek was previously given an extension till June 30 after Marc Llistosella declined to join as MD citing personal reasons.