LiveRBI imposes Rs.5 crore penalty on South Indian Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs.5 crore on South Indian Bank, for violation of bad loan classification, know-your-customer (KYC)...
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Indiabulls Real Estate board approves share buyback plan
Indiabulls Real Estate Ltd’s board has approved a share buyback plan, for up to 2.6 crore fully paid-up equity shares, amounting to Rs.624 crore. In...
Stempeutics ties up with Cipla for its stem cell drug
Stempeutics has inked an out-licensing deal with Cipla, for its stem cell therapy product Stempeucel. It is suggested for treating critical limb ischemia. In a...
Bajaj Auto Q4 profit rises 36% YoY to Rs.1,175 crore
Bajaj Auto has reported 36% rise in consolidated profit at Rs.1,175.47 crore, for the quarter ended March 31,2018. The company in the same quarter last...
Avenue Supermarts promoter to sell up to 1% stake, to meet MPS norm
Avenue Supermarts promoter Radhakishan Damani will sell up to 1% stake in the company, via open market transaction. The company stated, “Promoter Radhakishan Shivkishan Damani...
Biocon divests 1.88% stake in Syngene for Rs.230 crore
Biocon Ltd has divested 1.88% stake in its research arm Syngene International, for approx Rs.230 crore. In a regulatory filing the company stated, “Biocon, the promoter...
Strides Shasun Q4 net loss at Rs.4.4 crore
Strides Shasun has reported consolidated loss from operating operations at Rs.4.4 crore, for the quarter ended March 31,2018. Last year in the same quarter it...
Toyota launches Yaris priced at Rs.8.75 lakh
Toyota Kirloskar Motors, has commercially unveiled the midsize sedan Yaris, in four variants further segmented into eight iterations. The starting price is Rs.8.75 lakh and the...
Airtel associates with Amazon to offer 4G smartphones
Bharti Airtel has associated with Amazon, to sell low-cost 4G smartphones at a price starting from Rs.3,399, under the Airtel’s Mera Pehla Smartphone plan. The...
SRF Q4 profit slumps 4% at Rs.124 crore
SRF Ltd has posted a 4% decline in its consolidated net profit at Rs.124 crore, for the quarter ended March 31,2018. The company’s net profit...