LiveCipla has posted 24% increase in net profit to Rs 425 crore
On Friday, Cipla has posted a 23.63 percent increase in the consolidated net profit at Rs 424.92 crore for the quarter ended June 30, 2017....
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Cadila Healthcare reports 65% decline in profit to Rs 138.4 crore in Q1
Cadila Healthcare which is a part of Zydus Cadila group, has posted 65 percent decline in the net profit for the first quarter ended June....
IOC has bought more U.S. crude
IOC, an Indian state refiner, has bought 1.9 million barrels of U.S. crude in its second import tender seeking oil from the Americas, becoming the...
Union Bank signs agreement to sell 40% of mutual fund biz to Japan’s Dai-ichi
An in principle agreement has been signed by the Union Bank of India with Japan based Dai-ichi Life insurance firm for selling 40 percent stake...
German regulator rejects GMP approval to DRL’s Bachupally Unit2
The German regulator has not renewed good manufacturing practise (GMP) compliance certificate of Dr Reddy’s Laboratories formulations facility 2 in Bachupally in Hyderabad. Dr Reddy’s...
SoftBank Vision Fund has invested $2.5 billion in Flipkart
Softbank has made investment in Flipkart through its $100 billion technology focused Vision fund. The investment has been a mix of primary and secondary capital....
Adani Power reports Q1, net loss doubles
Adani Power has posted around two fold rise in the net loss at Rs 453.85 crore for the quarter ended June 30, 2017. It had...
Motherson Sumi reports 21% decline in Q1 profit
Motherson Sumi Systems Ltd has posted a 21 percent decline in quarterly profit. The company has said that the profit declined to 3.47 billion rupees...
HCC receives contract worth Rs 810 crore
Hindustan Construction Company (HCC) has received a contract worth Rs 810 crore from Jammu and Kashmir State Power Development Corporation. The contract is for the...
Vinay Dube has been appointed by Jet Airways as CEO
After receiving all requisite government and regulatory approvals, Vinay Dube has joined as the chief executive officer of Jet Airways. On May 30, his appointment...