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SBI Life reports 11% rise in Q2 net profit

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 »

M&M’ Marazzo registers over 10,000 bookings in just 1 month

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 »

Strides’ arm receives USFDA’s approval for Gabapentin Capsules

Strides Pharma Science’s step‐down wholly owned subsidiary, Strides Pharma Global Pte, has received approval for Gabapentin Capsules USP, 100 mg, 300 mg, and 400 mg from the United States Food and Drug Administration (USFDA). Gabapentin Capsules is a generic version of Neurontin Capsules of Pfizer. The product received approval in ... Read More »

Havells India reports 4% rise in Q2 net profit

Havells India has reported results for second quarter ended September 30, 2018. The company has reported 4.44% rise in its net profit at Rs 178.62 crore for the quarter under review as compared to Rs 171.02 crore for the same quarter in the previous year. Total income of the company ... Read More »

ACC reports 15% rise in Q3 consolidated net profit

ACC has reported results for third quarter ended September 30, 2018. The company has reported a rise of 15.68% in its net profit of Rs 205.55 crore for the quarter under review as compared to Rs 177.69 crore for the same quarter in the previous year. Total income of the ... Read More »

USFDA issues four minor observations to JB Chemicals’ Gujarat facility

US Food and Drug Administration (USFDA) has issued four minor observations to JB Chemicals & Pharmaceuticals’ solid oral manufacturing facility at Panoli, Gujarat. The company proposes to address these observations within next 15 days. These observations will not have any impact on the current business and will facilitate ANDA of ... Read More »

Intellect’s iGTB enters into partnership with PPI AG

Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena, and PPI AG, the leading software product company in Europe have entered into partnership to provide advanced end-to-end integrated solutions for transaction banking localised for the needs of German and French banks. With the average IT spent ... Read More »

Persistent Systems, Partners HealthCare launch new center of excellence

Partners HealthCare in collaboration with Persistent Systems has formed a new center of excellence – Partners HealthCare Pivot Labs that aims to disrupt the delivery of healthcare to enhance the patient experience, improve clinical outcomes and control costs. Focusing on preventive care, chronic care management and care coordination, Partners Pivot ... Read More »

DCB Bank reports 25% rise in Q2 net profit

DCB Bank has reported results for second quarter ended September 30, 2018. The Bank has reported 24.69% rise in its net profit at Rs 73.44 crore for the quarter under review as compared to Rs 58.90 crore for the same quarter in the previous year. Total income of the Bank ... Read More »

IndiGo makes Hong Kong as its 15th international destination

InterGlobe Aviation (IndiGo) has made Hong Kong as its 15th international destination. The airline to operate its daily non-stop flight between Hong Kong and Bangalore effective December 11, 2018. As part of its international expansion, the airline also operates daily non-stop flights between India and Colombo, Kuwait, Abu Dhabi, Kuala ... Read More »

Kitex Garments incorporates wholly owned subsidiary

Kitex Garments has incorporated a wholly owned subsidiary in the name of Kitex Kidswear for carrying out infantswear business. Kitex Kidswear’s business is similar to the main line of business of listed entity of separate labels. Kitex Garments is a 100% export of cotton garments in infants wear segment mainly ... Read More »

Shriram Transport Finance planning to raise funds via NCDs

Shriram Transport Finance Company is planning to raise funds in ordinary course of business by way of issue of redeemable Non-Convertible Debentures (NCDs) on private placement basis. The meeting of Board of Directors of the company will be held on October 25, 2018, to consider the same. Shriram Transport Finance ... Read More »

Reliance Industries’ arm acquires stake in SkyTran

Reliance Industries’ (RIL) wholly owned subsidiary — Reliance Industrial Investments and Holdings has successfully acquired 12.7% shareholding (on fully diluted basis) in SkyTran Inc. (SkyTran), a US incorporated venture-funded technology company developing state of the art technology in the field of Personal Rapid Transit Systems. The company has made the ... Read More »