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EID Parry planning to raise Rs 300 crore via NCDs

EID Parry (India) is planning to raise Rs 300 crore by issue of Non-Convertible Debentures (NCDs) on private placement basis in one and more tranches. The meeting of the Board of Directors of the Company scheduled to be held on May 8, 2019, to consider the same. EID Parry (India) ... Read More »

Torrent Pharmaceuticals raises Rs 200 crore via CPs

Torrent Pharmaceuticals has raised funds through issuance of Commercial Paper (CPs) for an amount of approximately Rs 200 crore on May 03, 2019. The Tenure of the instrument is 136 days, having a maturity date of September 16, 2019. Credit rating agency, ICRA has granted rating of ‘A1 +’ for ... Read More »

Dr. Reddy’s Lab launches Testosterone Gel

Dr. Reddy’s Laboratories has launched Testosterone Gel 1.62%, a therapeutic equivalent generic version of AndroGel (testosterone gel) 1.62%, approved by the US Food and Drug Administration (USFDA). The AndroGel (testosterone gel) brand and generic had US sales of approximately $815.6 million MAT for the most recent twelve months ending in ... Read More »

Lupin’s arm recalls Morphine Sulfate extended-release tablets in US

Lupin’s subsidiary — Novel Laboratories’ Somerset facility is recalling 46,700 bottles of Morphine Sulfate extended-release tablets, used to treat severe pain, in the US market. The recalling is in various strengths due to failed impurities/degradation specifications. Lupin is an innovation led transnational pharmaceutical company developing and delivering a wide range ... Read More »

Hitachi expects 15% growth in residential AC segment this year

Johnson Controls-Hitachi Air Conditioning India is expecting a 15% growth in the residential AC segment this year led by its inverter range. The company is also expecting to almost double the sales of its inverter range of ACs and around 50% growth in sales of 5-star inverter ACs over the ... Read More »

LIC Housing Finance reports 17% rise in Q4 net profit

LIC Housing Finance has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 16.70% in its net profit at Rs 693.58 crore for the quarter under review as compared to Rs 594.34 crore for the same quarter in the previous year. ... Read More »

Global Offshore Services trades in green on the BSE

Global Offshore Services is currently trading at Rs. 11.48, up by 0.02 points or 0.17% from its previous closing of Rs. 11.46 on the BSE. The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.48 and Rs. 11.00 respectively. The BSE group ‘B’ stock ... Read More »

Vodafone Idea trades in green on the BSE

Vodafone Idea is currently trading at Rs. 16.60, up by 0.50 points or 3.11 % from its previous closing of Rs. 16.10 on the BSE. The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.10 and Rs. 16.35 respectively. So far 536442 shares were ... Read More »

Oberoi Realty gains on planning to raise fund via NCDs

Oberoi Realty is currently trading at Rs. 526.00, up by 2.10 points or 0.40% from its previous closing of Rs. 523.90 on the BSE. The scrip opened at Rs. 519.90 and has touched a high and low of Rs. 532.00 and Rs. 502.95 respectively. So far 5773 shares were traded ... Read More »

Rupee slips 24 paise to 69.46 vs USD in early trade

Mumbai : The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities. Forex traders said, the US President Donald Trump on Sunday threatened to raise tariffs on USD 200 ... Read More »

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