USFDA completes inspection of Lupin`s Pithampur facility

Pharma major Lupin Limited (Lupin) has said that USFDA has successfully completed a GMP inspection as well as a PAI inspection (Prior Approval Inspection) at its Pithampur manufacturing facility – Unit 1 without any observations. The inspection which started on Monday, July 24th concluded on July 29th afternoon.

Lupin is an innovation led transnational pharmaceutical company dev

NTPC Quarterly Result net up 12% to Rs 2,618 cr

State-run NTPC has posted a 12 per cent rise in standalone profit after tax at Rs 2,618 crore for the quarter ended June 30, 2017 on the back of higher revenues. The company’s standalone profit after tax from continuing operations in the year-ago period was Rs 2,338.6 crore, NTPC said in a filing to BSE. NTPCs total revenue increased to Rs 20,541.9 crore, over Rs 19,220.8 crore in the cor

HDFC clears 9.57% stake dilution in HDFC Life

Mortgage lender HDFC Ltd has approved sale of over 19 crore shares, or 9.57 per cent stake, in its subsidiary HDFC Life, through its proposed IPO. Earlier this month, HDFC had decided to go solo for the initial public offering, dropping the initial merger plan with Max Group, after having faced regulatory hurdle because of the structure of the deal.

"The Corporation (HDFC) has ap

SBI cuts rates for most savings bank accounts

State Bank of India, the country's largest lender, on Monday introduced a two-tier interest rate structure for its savings bank accounts, reducing interest rates for most of its depositors.

Accounts with a balance of 10 million rupees ($155,994.07) and less will earn 3.5 percent per annum effective July 31, while those above 10 million rupees will continue to earn 4 percent per an

Jet Airways offers special fares to Amsterdam, Paris

Airline major Jet Airways on Saturday announced "special fares" to Amsterdam and Paris.

"Under this exclusive, first-of-its-kind offer, for travel effective September 15, 2017, guests can avail the special all-inclusive, one-stop ‘flat' return fares at Rs 39,990 for economy and Rs 99,990 for premiere travel, from all domestic points across Jet Airways' ent

RBI policy review, Q1 results to steer markets

The Reserve Bank of India's monetary policy review and the ongoing quarterly results season are expected to determine the trajectory of equity indices next week.

According to market observers, global geopolitical situation and macro-economic data points will also impact investors' risk-taking appetite.

"RBI's monetary policy review slated for next week is go

NTPC Q1 net profit up 12%

Power utility major NTPC on Saturday reported a 12 per cent rise in its standalone net profit for the first quarter (Q1) of 2017-18.

According to the company, its profit after tax for the quarter increased to Rs 2,618.17 crore from Rs 2,338.61 crore during the corresponding period in 2016-17.

NTPC informed the BSE that its total income for Q1 of 2017-18 rose by sev

Nifty50 firm at Mount 10k; foreign fund inflows, global cues cheer equities

Persistant inflow of foreign funds, coupled with expectations of healthy quarterly results and positive global cues, propelled the Indian equity markets to a new peak during the week ended Friday. The benchmark index NSE Nifty50, which converted into a five-digit figure, remained in the limelight.

Market observers opined that multiple factors contributed to the rally in the equit

ONGC purchase of GSPC stake in KG basin gas field approved

State-run explorer Oil and Natural Gas Corp (ONGC) has received government approval for acquiring Gujarat State Petroleum Corp's (GSPC) entire 80 per cent stake in a Krishna Godavari (KG) basin gas block in the eadtern offshore for Rs 7,738 crore, according to ONGC.

"Government of India has approved the acquisition of entire 80 per cent participating interest of GSPC alo

Faced `some hiccups` in trade channels post GST: ITC

FMCG major ITC Ltd on Friday said it has experienced "some hiccups" in trade channels after implementation of Goods and Services Tax (GST) but it is "getting better week by week".

"GST is a transformative reforms, it is a huge tax reform. It will create a common Indian market. To expect that the transformative reforms will happen without any hiccups, I th

Larsen and toubro Quarterly result consolidated profit surges 46%

Engineering conglomerate Larsen and Toubro (L&T) on Friday reported a surge of 46 per cent in its consolidated profit after tax (PAT) for the first quarter (Q1) ended June 30.

The company's PAT for the quarter stood at Rs 893 crore -- up 46 per cent -- from Rs 610 crore reported during the corresponding quarter of the previous year.

According to the company

Let`s match up to Indian stock markets: Chinese daily

After India's stock market hit record highs this week, a Chinese newspaper said on Friday that it was crucial to prevent and reduce financial systemic risk to restore confidence in China's stock markets and economy.

A report on the Global Times said many in China were wondering why the country's A-share market had performed not as well as India's equity market.&nb

SEBI calls on exchanges, clearing corps to better deal with tech glitches

MUMBAI- Market regulator Securities and Exchange Board of India (SEBI) admonished stock exchanges, clearing corporations and depositories on Friday to have procedures in place to deal with technological disruptions or cyber attacks, and to quickly share any information when such instances occur.

In a statement, SEBI added it would also undertake "a comprehensive

Reliance Capital elevates Sunil Singhania as Global Head-Equities

 Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Friday announced the appointment of Sunil Singhania as its Global Head-Equities.

Singhania is currently the Chief Investment Officer (CIO)-Equities at Reliance Mutual Fund.

In the new role, effective from September 1, 2017, Singhania will have increased responsibilities across Reliance Ca

NDTV posts Quarterly result net loss of Rs 15.94 cr

New Delhi Television Ltd. said that its net loss during the quarter, on the standalone basis, stood at Rs 15.94 crore as compared to net loss of Rs 25.39 crore in the previous year quarter. Net revenue of the company declined substantially by 20.89 per cent at Rs 69.93 crore for the quarter ended June 30, 2017 as against Rs 88.40 crore in the corresponding period last year.

During Apr

Equitas Holdings Quarterly result net profit zooms 292.86% at Rs 1.10 cr

Equitas Holdings Ltd said that its net profit during the quarter ended June 30, 2017 increased by 292.86 per cent to Rs 1.10 crore from Rs 0.28 crore in the previous year quarter on the standalone basis. Net revenue of the company rose substantially by 47.77 per cent at Rs 3.31 crore for the quarter ended June 30, 2017 as against Rs 2.24 crore in the corresponding period last year.


Punit Commercial Quarterly Result net profit down 51.72%

Net revenue of Punit Commercials rose triple digit by 186.76 per cent at Rs 8.23 crore for the quarter ended June 30, 2017 as against Rs 2.87 crore in the corresponding period last year. On the standalone basis, net profit during the quarter fell by 51.72 per cent to Rs 0.28 crore from Rs 0.58 crore in the previous year quarter.

During Apr-Jun quarter, operating expenses increased by

Larsen & Toubro June-quarter profit up 46 percent, misses estimates

Engineering and construction company Larsen & Toubro Ltd  posted an about 46 percent increase in June-quarter net profit, boosted by higher revenue from its infrastructure business.

Net profit rose to 8.93 billion rupees ($139.19 million) in the quarter ended June 30, from 6.10 billion rupees a year earlier. 

Analysts on average had expected a net profit of 9.2

India signs potash import deal with Russia`s Uralkali at $240/T

NEW DELHI  - India has agreed to pay 6 percent higher price than the previous year to Russia's Uralkali for importing 650,000 tonnes of potash in the year beginning August, said P.S. Gahlaut, managing director of Indian Potash Ltd on Friday.

For the next year, India will buy potash at $240 a tonne, Gahlaut told Reuters. He said other sellers including Potash Corp of Saskatche

Sensex falls; posts fourth straight weekly gain

Indian shares ended lower on Friday, after hitting record highs in each of the previous four sessions, as disappointing quarterly earnings weighed on bank and pharmaceutical shares.

The broader NSE Nifty closed down 0.06 percent at 10,014.50, but was up 1 percent for the week. The benchmark BSE Sensex ended 0.23 percent lower at 32,309.88, but was still 0.88 percent higher for the wee

Global cues, disappointing earnings subdue equities, Nifty50 below 10k

Negative global cues, coupled with disappointing quarterly results and heavy selling pressure in healthcare, banking and capital goods stocks subdued the Indian equity markets during the mid-afternoon trade session on Friday.

The wider Nifty50 of the National Stock Exchange (NSE) slipped below the important 10,000-mark as investors booked profits. Around 12.50 p.m., the Nifty tra

Sunil Agro Foods Quarterly Result, net profit up 25.00% at Rs 0.15 cr

Net revenue of Sunil Agro Foods rose substantially by 24.59 per cent at Rs 35.72 crore for the quarter ended June 30, 2017 as against Rs 28.67 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 24.30 per cent to Rs 35.60 crore from Rs 28.64 in year ago period. Other Income dipped by 33.33 per cent at Rs 0.18 crore versus (Jun'16 Rs 0.27 cror

Pay Rs 579 crore in share transfer dispute, SC tells SpiceJet

The Supreme Court on Friday directed SpiceJet to pay Rs 579 crore in a share transfer dispute case in the wake of change in the airline's ownership in 2015.

A bench headed by Justice Rohinton F. Nariman rejected SpiceJet appeal against the July 3 order of the Delhi High Court that directed the company to deposit with its registry Rs 250 crore in cash on or before August 31, a

India Cements Quarterly Result net profit down 39.88% at Rs 26.44 cr

Net revenue of India Cements rose substantially by 21.55 per cent at Rs 1,461.57 crore for the quarter ended June 30, 2017 as against Rs 1,202.49 crore in the corresponding period last year. On the standalone basis, net profit during the quarter fell by 39.88 per cent to Rs 26.44 crore from Rs 43.98 crore in the previous year quarter.

During Apr-Jun quarter, operating expenses increas

India Motor Parts Quarterly Result net profit down 7.88% at Rs 6.08 cr

Net revenue of India Motor Parts & Accessories Ltd. declined moderately by 9.48 per cent at Rs 123.81 crore for the quarter ended June 30, 2017 as against Rs 136.78 crore in the corresponding period last year. On the standalone basis, net profit during the quarter fell by 7.88 per cent to Rs 6.08 crore from Rs 6.60 crore in the previous year quarter.

During Apr-Jun quarter, operat