BUSINESS

Persistent Systems has reported results for second quarter ended September 30, 2018. The company has reported a rise of 3.78% in its net profit of Rs 89.68 crore for the quarter under review as compared to Rs 86.41 crore for the same quarter in the previous year. Total income of ... Read More »

Alembic Pharmaceuticals is currently trading at Rs. 616.05, up by 7.95 points or 1.31% from its previous closing of Rs. 608.10 on the BSE. The scrip opened at Rs. 619.35 and has touched a high and low of Rs. 621.00 and Rs. 614.00 respectively. So far 992 shares were traded ... Read More »

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject to all requisite approvals including sanction by the National Company Law Tribunal. The Board of Directors of the company ... Read More »

SpiceJet will launch daily direct flight between Hyderabad and Shirdi from November 3. The airline will be deploying its Bombardier Q400 aircraft on the route. SG 3576 will leave from Hyderabad at 9.35am and reach Shirdi at 11am, while on its return journey it will take off at 11.20 am ... Read More »

JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution of Rs 1,449.58 crore through auction. Besides this block, four more iron ... Read More »

Petrol and diesel prices were cut for the fourth straight day on Sunday on softening international oil prices, providing some relief to consumers battered by two months of relentless rate hikes. Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification ... Read More »

Reliance Industries (RIL) is currently trading at Rs. 1111.00, up by 9.35 points or 0.85% from its previous closing of Rs. 1101.65 on the BSE. The scrip opened at Rs. 1111.00 and has touched a high and low of Rs. 1111.00 and Rs. 1111.00 respectively. The BSE group ‘A’ stock of face ... Read More »

Alembic Pharmaceuticals and Orbicular Pharmaceutical Technologies’ Joint Venture (JV) Company — Aleor Dermaceuticals has successfully cleared its first United States Food and Drugs Administration (USFDA) inspection of its new formulation manufacturing facility located at Karakhadi in the state of Gujarat; without any observations. The scheduled inspection was carried out between ... Read More »

NTPC is planning to start biomass co-firing across all its coal-based thermal power stations in a view to reduce greenhouse gas emissions and cut pollution. Co-firing is the use of two different types of fuel for generation of electricity. The intension is to reduce air pollution caused due to burning ... Read More »

Tejas Networks has received a purchase order of Rs 111 crore for Indian Navy’s country wide next generation digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, the company will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet ... Read More »

Container Corporation of India (CONCOR) and Kribhco Infrastructure (KRIL) have entered into an agreement, wherein CONCOR will operate & manage the Bonded Area at KRIL’s Terminal at Modinagar in the state of Uttar Pradesh, for handling of EXIM traffic. This will help to promote and meet the growing needs of ... Read More »

The Sensex is up 342.98 points or 1% at 34658.61, while the Nifty is higher by 96.10 points or 0.93% at 10399.60. The market breadth is positive as 415 shares advanced, against a decline of 99 shares, while 3,044 shares are unchanged. Among sectors, banks are trading strong, while automobiles, ... Read More »

HDFC Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 20.59% rise in its net profit at Rs 5,005.73 crore for the quarter under review as compared to Rs 4,151.03 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

Hindustan Zinc has ranked 1st in environment category and overall 5th in the Metals and Mining sector by the Dow Jones Sustainability World Index (DJSI World). The company competed with 58 Metals and Mining majors including Newmont Mining, Teck Resources, Rio Tinto, etc. The significant improvement in ranking from previous ... Read More »

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) — has launched second Dilwali offer, where pre-paid customers recharging Rs 149 or above will get 100% cashback in the form of coupons which can be used to purchase products at Reliance Digital stores or MyJio stores. The offer is ... Read More »

Biocon and Mylan N.V. have announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has issued a positive opinion recommending approval of Ogivri, a biosimilar to Roche’s Herceptin (trastuzumab). The positive CHMP opinion is based on data submitted as part of the Marketing Authorization Application ... Read More »

Lupin Neurosciences, a specialty pharma division of Lupin has announced that the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA), has adopted a positive opinion recommending the marketing authorization of NaMusclaim (mexiletine hydrochloride) for the symptomatic treatment of myotonia in adults ... Read More »

SBI Life has reported results for second quarter ended September 30, 2018. The company has reported 11.11% rise in its net profit at Rs 250.53 crore for the quarter under review as compared to Rs 225.47 crore for the same quarter in the previous year. Total income of the company ... Read More »

Mahindra & Mahindra (M&M) has received over 10,000 bookings for its multi-purpose vehicle Marazzo in just over a month of its launch. The company had launched the model on September 3, 2018 with price starting at Rs 9.99 lakh in ex-showroom. Mahindra & Mahindra (M&M) is the flagship company of ... Read More »

Bhansali Engineering Polymers has reported results for second quarter ended September 30, 2018. The company has reported 32.71% fall in its net profit at Rs 16.89 crore for the quarter under review as compared to Rs 25.10 crore for the same quarter in the previous year. However, total income of ... Read More »