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NHPC reports 20% rise in Q2 net profit

NHPC has reported results for second quarter ended September 30, 2018. The company has reported 19.62% rise in its net profit at Rs 1,218.51 crore for the quarter under review as compared to Rs 1,018.64 crore for the same quarter in the previous year. Total income of the company increased ... Read More »

Wipro’s arm inks pact with Igor

Wipro’s arm Wipro Enterprises’ Consumer Care and Lighting business has inked pact with the US-based smart building solutions’ provider Igor to offer intelligent lighting and smart building devices in the Indian market. Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of ... Read More »

Allahabad Bank reports net loss of Rs 1,823 crore in Q2

Allahabad Bank has reported results for second quarter ended September 30, 2018. The Bank has reported net loss of Rs 1,822.71 crore for the quarter under review, as against net profit of Rs 70.20 crore for the same quarter in the previous year. Total income of the Bank decreased by ... Read More »

Sundaram Finance inks pact to divest 40% stake in Royal Sundaram

Sundaram Finance has signed an agreement with Ageas International to divest 40% stake in Royal Sundaram for a total consideration of Rs 1,520 crore. Sundaram Finance, headquartered in Chennai, is a leading player in Retail Finance with presence across multiple facets of the Financial Services industry including Vehicle Finance, Home ... Read More »

JK Lakshmi Cement reports 41% fall in Q2 net profit

JK Lakshmi Cement has reported results for second quarter ended September 30, 2018. The company has reported 40.97% falls in its net profit at Rs 7.81 crore for the quarter under review as compared to Rs 13.23 crore for the same quarter in the previous year. However, total income of ... Read More »

Wipro earns supplier recognition from Visteon Corporation

Wipro has been recognized as a top supplier to Visteon Corporation, a global leader in automotive cockpit electronics, at Visteon’s Strategic Supplier Conference in October, in Dearborn, Michigan. Wipro was named a Best Quality Supplier, during an awards ceremony at The Automotive Hall of Fame, attended by about 100 representatives ... Read More »

Spice Mobility’s arm to make investment in Fast Track IT Solutions

Spice Mobility’s step down subsidiary — S Global Services, Singapore, (SGIC) has decided to invest BDT233,333 in Fast Track IT Solutions, a private company limited by shares incorporated under the laws of Bangladesh. Consequent to the said acquisition, Fast Track IT Solutions would become a step down subsidiary of the ... Read More »

Karnataka Bank inaugurates 822th branch in Telangana

Karnataka Bank has inaugurated its 822th branch at Hyderabad- Gachibowli in the state of Telangana on November 14, 2018. Earlier, the Bank had opened 821st branch at Nettakallappa Circle in Bengaluru. Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash ... Read More »

VIP Industries’ Q2 consolidated net profit climbs 38%

VIP Industries has reported results for second quarter ended September 30, 2018. The company has reported a rise of 28.05% in its net profit at Rs 31.04 crore for the quarter under review as compared to Rs 24.24 crore for the same quarter in the previous year. Total income of ... Read More »

Mahindra Holidays hikes stake in Holiday Club Resorts

Mahindra Holidays & Resorts India through Covington S.a.r.I, Luxembourg (Covington), its step-down subsidiary, has increased its stake in Holiday Club Resorts Oy, Finland (HCR) by subscribing to 2 lakh shares issued and offered in the share capital of HCR. Consequently, its stake in HCR has increased from 96.29% to 96.47%. ... Read More »

United Breweries’ Q2 net profit jumps 75%

United Breweries has reported results for second quarter ended September 30, 2018. The company has reported 74.52% rise in its net profit at Rs 163.77 crore for the quarter under review as compared to Rs 93.84 crore for the same quarter in the previous year. Total income of the company ... Read More »

EID Parry reports 0.28 LMT sugar sales in October

EID Parry has sold 0.28 LMT sugar and 60 LL Alcohol in October 2018. Besides, the company’s Alcohol Production, Power Generation and Power Export stood at 55 LL, 54 LU and 32 LU, respectively. EID Parry is a significant player in Sugar with interests in promising areas of Bio Pesticides ... Read More »

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