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SpiceJet reports passenger load factor of 93.2% in September

SpiceJet has reported the Passenger Load Factor (PLF) of 93.2% during the month of September 2018. The company had reported Passenger Load Factor of 93.6% during the month of August 2018. The PLF is a key indicator of the company’s performance, as it measures the average percentage of seats filled ... Read More »

BSE to launch weekly F&O contracts on Sensex 50

Bombay Stock Exchange (BSE) is all set to launch weekly futures and options contracts on S&P BSE Sensex 50 index with effect from October 26, 2018.The exchange will introduce 7 weekly futures and options contracts expiring on every Thursday of the week, excluding monthly expiry week. In case Thursday is ... Read More »

JSW Steel acquires 60% stake in DMMPL

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel ... Read More »

Infosys’ arm collaborates with R3 for blockchain solutions

Infosys’ fully owned product subsidiary — Infosys Finacle, part of EdgeVerve Systems and R3 has partnered to collaborate on blockchain solutions. This partnership will enable banks to easily access and deploy Finacle’s blockchain solutions on Corda, R3’s open-source blockchain platform. Finacle will initially have two solutions available on the Corda ... Read More »

Aksh Optifibre commissions FRP manufacturing facilities in China

Aksh Optifibre has successfully commissioned its FRP manufacturing facilities in China. With this, the company is on the verge of completing all its announced capex, except Dubai Optical Fibre plant, which is also due to get completed within the stipulated timeframe. Aksh Optifibre is engaged in the production of a ... Read More »

Bajaj Corp reports 1.85% rise in Q2 net profit

Bajaj Corp has reported results for second quarter ended September 30, 2018. The company has reported 1.85% rise in its net profit at Rs 51.65 crore for the quarter under review as compared to Rs 50.71 crore for the same quarter in the previous year. Total income of the company ... Read More »

Adani Ports reports 39% fall in Q2 consolidated net profit

Adani Ports and Special Economic Zone has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 0.84% in its net profit at Rs 687.56 crore for the quarter under review as compared to Rs 681.85 crore for the same quarter in the ... Read More »

VA Tech Wabag bags EPC order worth Rs 555 crore

VA Tech Wabag has been awarded a first major EPC order worth Qatari Riyal 275 million (Rs 555 crore) from Public Works Authority of Qatar (ASHGHAL). For this Design & Build project, the scope includes the rehabilitation of Doha South Sewage Treatment Works using lamella clarifier, disc filter and aerobic ... Read More »

Sun Pharma comes up with psoriasis treatment drug ‘ILUMYA’ in US

Sun Pharmaceutical Industries has launched its plaque psoriasis treatment drug ‘ILUMYA’ (tildrakizumab-asmn) 100 mg/mL in the United States. ILUMYA is an injectable interleukin-23 (IL-23) inhibitor approved by the USFDA for the treatment of moderate-to-severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy. ILUMYA injections are administered ... Read More »

HDFC Standard Life Insurance reports 20% rise in Q2 net profit

HDFC Standard Life Insurance Company has reported results for second quarter ended September 30, 2018. The company has reported 20.33% rise in its net profit at Rs 286.98 crore for the quarter under review as compared to Rs 238.49 crore for the same quarter in the previous year. However, total ... Read More »

Laurus Labs transfers ownership of HBV ANDA to CASI Pharmaceuticals

Laurus Labs has transferred the US Food and Drug Administration (USFDA) approved Abbreviated New Drug Application (ANDA) of Tenofovir Disoproxil Fumarate (TDF) to CASI Pharmaceuticals, Inc., a biopharmaceutical company dedicated to the development and delivery of high quality, cost-effective pharmaceutical products and innovative therapeutics to China and other markets. The ... Read More »

Cyient inks non-exclusive business alliance with Suntech

Cyient has signed a non-exclusive business alliance agreement with Suntech. Through this agreement, Cyient and Suntech intend to jointly pursue business opportunities globally in the communications industry by leveraging their technical proficiency, market reach, and domain knowledge. The company’s expertise in system integration, operational excellence and global delivery model combined ... Read More »

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