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BUSINESS

NR Agarwal Industries temporarily shuts operations of Unit 5

NR Agarwal Industries has temporarily shut down operations of its Unit 5 for a period of 15 days with effect from November 11, 2018 for the purpose of annual maintenance. NR Agarwal Industries is an India-based company. The company is engaged in the business of manufacturing of paper boards and ... Read More »

Eastern Treads gets nod for investment in Shipnext Solutions

Eastern Treads has received an approval for investment in Shipnext Solutions. The company is proposing to acquire 55% of its shareholding (14,41,550 number) of the equity shares at the agreed price of Rs 0.18 per share, amounting to Rs 2.59 lakhs. The Board of Directors of the company in their ... Read More »

Lupin launches generic Atovaquone Oral Suspension USP in US

Lupin has launched Atovaquone Oral Suspension USP, 750 mg/5 mL having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin’s Atovaquone Oral Suspension USP, 750 mg/5 mL is the generic equivalent of Glaxosmithkline LLC’s Mepron oral suspension 750 mg/5 ml. It is indicated for the ... Read More »

Greenply Industries reports 61% fall in Q2 net profit

Greenply Industries has reported results for second quarter ended September 30, 2018. The company has reported 60.80% fall in its net profit at Rs 14.26 crore for the quarter under review as compared to Rs 36.38 crore for the same quarter in the previous year. However, total income of the ... Read More »

Dredging Corporation reports net loss of Rs 79 crore in Q2

Dredging Corporation of India has reported results for second quarter ended September 30, 2018. The company has reported a net loss of Rs 79.16 crore for the quarter under review against net profit of Rs 18.59 crore for the same quarter in the previous year. Total income of the company ... Read More »

TCS partners with ENGIE Laborelec

Tata Consultancy Services (TCS) has partnered with ENGIE Laborelec, a leading utilities research center, and part of the ENGIE Group. The partnership will focus on developing new products and services for the utilities sector to deliver protection against emerging cyber security threats. The collaboration between TCS and ENGIE Laborelec will ... Read More »

Titan Company reports 8% rise in Q2 consolidated net profit

Titan Company has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 2.86% in its net profit at Rs 314.38 crore for the quarter under review as compared to Rs 305.64 crore for the same quarter in the previous year. Total income ... Read More »

Acrysil enters into agreement with Grohe

Acrysil has entered into an agreement for supply of Quartz Kitchen Sinks with Grohe, leading German Brand which is a part of Japanese major multi billions USD ‘LIXIL Group’. The agreement has potential to bring in additional revenues to the tune of around $7‐8 million (around Rs 50-60 crore) in ... Read More »

BHEL commissions 120 MW Pulichintala HEP in Telangana

Bharat Heavy Electricals (BHEL) has successfully commissioned the 120 MW Pulichintala Hydro-Electric Project (HEP) in Telangana, with the commissioning of the fourth and final 30 MW hydro generating unit. The other three units of the 4×30 MW Pulichintala HEP, commissioned earlier by BHEL, have been operating successfully. Located in Suryapet ... Read More »

German regulator concludes audit of Dr Reddy’s Vishakapatnam facility

The Regulatory Authority of Germany (Regierung von Oberbayern) has concluded the follow-on audit of Dr. Reddy’s Laboratories’ Formulations manufacturing facility in Duvvada, Vishakapatnam, on November 09, 2018. The facility is considered compliant and the EU-GMP certification continues to remain active with one specific exclusion of a new product. The company ... Read More »

India Cements reports 11% growth in cement sales

India Cements has reported 11% growth in the cement sales for the quarter ended September 30, 2018, at 30.10 lakh tons and a clinker sale of 0.67 lakh tons. The overall volume was at Rs 30.77 lakh tons. India Cements is amongst India’s leading manufacturers and supplier of cement and ... Read More »

Dollar Industries reports 31% rise in Q2 net profit

Dollar Industries has reported results for second quarter ended September 30, 2018. The company has reported 31.25 % rise in its net profit at Rs 19.53 crore for the quarter under review as compared to Rs 14.88 crore for the same quarter in the previous year. Total income of the ... Read More »