Godrej Properties Ltd Q2 net profit up 34.72% at Rs 12.61 cr

The company reported standalone net profit of Rs 12.61 crore for the quarter ended September 30, 2017 as compared to Rs 9.36 crore in the same period last year, registering a year-on-year growth of 34.72 per cent. Net revenue of the company rose three fold by 358.16 per cent at Rs 83.34 crore in July-September quarter of this fiscal as against Rs 18.19 crore in the corresponding period last yea

Reliance Nippon AMC to be listed on NSE on November 6

The shares of Reliance Nippon Asset Management Company (AMC) will be listed on the National Stock Exchange (NSE) on Monday, November 6.

According to industry sources, the listing ceremony at NSE will be attended by Anil Ambani, Chairman-Reliance Group; Anmol Ambani, ED, Reliance Capital; Sundeep Sikka, ED and CEO, Reliance Nippon Life Asset Management Ltd, Takeshi Furuichi, Vice Chair

Bharat Gears posts Q2 net profit of Rs 1.56 cr

The company reported standalone net profit during the quarter stood at Rs 1.56 crore compared to net loss of Rs 2.78 crore in the previous year quarter. Net revenue of the company rose substantially by 31.42 per cent at Rs 125.77 crore in July-September quarter of this fiscal as against Rs 95.70 crore in the corresponding period last year.

During July-September quarter, operating expe

Hindalco Industries' profit down 11%, revenue up at Rs 10,308 cr

Aditya Birla Group company Hindalco Industries on Friday reported a 10.68 per cent fall in its standalone net profit to Rs 393 crore for the second quarter (Q2) ended on September 30.

According to the company, its profit after tax stood at Rs 393 crore during Q2 FY18 as compared to Rs 440 crore in the corresponding period last fiscal.

The revenue from operations of the firm

Stovec Indus. Q3 net profit down 33.00% at Rs 4.67 cr

The company reported standalone net profit of Rs 4.67 crore for the quarter ended September 30, 2017 as compared to Rs 6.97 crore in the same period last year, registering a year-on-year decline of 33.00 per cent. Net revenue of the company declined by 5.69 per cent at Rs 42.63 crore in July-September quarter of this fiscal as against Rs 45.20 crore in the corresponding period last year. During

Tata Power Q2 profit falls, misses street estimate

India's Tata Power Co Ltd reported a nearly 44 percent slump in quarterly profit, hurt by one-off charges related to its stake in Tata Teleservices Ltd and its Rithala plant.

Profit came in at 2.69 billion rupees ($41.63 million) in the quarter ended Sept. 30, compared with a profit of 4.76 billion rupees a year earlier, the company said on Friday.

Exceptional items incl

United Bank of India revises MCLR

United Bank of India said that it has revised its one year Marginal Cost of Funds based Lending Rate (MCLR) to 8.60% per annum (p.a.) with effect from November 6, 2017. The Bank has also revised the overnight, 1 month, 3 month and 6 month MCLR to 7.90% p.a., 7.95% p.a., 8.20% p.a. and 8.45% p.a. respectively. Meanwhile, shares of the Bank were trading at Rs 19.70 apiece, up 0.51 per cent from t

Punjab National Bank Q2 profit rises, beats estimates

State-run Punjab National Bank (PNB), the country's fourth-biggest lender by assets, reported a 2 percent rise in second-quarter profit that handily beat forecasts, as its bad loans ratio fell.

Net profit rose to 5.61 billion rupees ($9.44 million) in the quarter ended Sept 30 from 5.49 billion rupees a year earlier, beating the 4.33 billion rupees average estimate of analysts, ac

Bank of India raises Rs 500 cr via bonds

Bank of India said that it has raised Rs 500 crore by issue of Basel-III Complaint Additional Tier-I Perpetual Bonds. The coupon rate is 8.79% p.a. and call option is after 5 years. The Bonds have been rated as BWR AA-(Outlook Stable) by Brickwork Ratings India and IND A+ (Outlook Stable) by India Ratings and Research. Meanwhile, shares of the Bank were trading at Rs 194.15 apiece, up 0.28 per

Lupin launches tablets in US to treat infections

Drug firm Lupin said it has launched in the American market Doxycycline Hyclate tablets USP, used for treating various infections. The 75 mg and 150 mg tablets were launched after receiving the approval from the United States Food and Drug Administration (USFDA), Lupin said in a filing to BSE. They are generic versions of Aqua Pharmaceuticals, LLC's Acticlate tablets in the same strengths,

HDFC Bank to launch SmartUp Zones in 30 cities

Private sector HDFC Bank has said that it is planning to launch SmartUp Zones in 30 cities, aimed at serving entrepreneurs. As per reports, the SmartUp Zones would be launched in over 65 branches of the bank in these cities, including Tier II and III locations that have emerged as start-up hubs. Last year, the bank had launched a 'first-of-its-kind' banking solutions for startups leadin

Deepak Fertilisers Q2 net profit down 46.81% at Rs 14.34 cr

The company reported standalone net profit of Rs 14.34 crore for the quarter ended September 30, 2017 as compared to Rs 26.96 crore in the same period last year, registering a year-on-yearÿdeclineÿof 46.81 per cent. Net revenue of the company declined substantially by 37.00 per cent at Rs 587.59 crore in July-September quarter of this fiscal as against Rs 932.71 crore in the correspon

Shriram City Union Finance Q2 net profit down 3.03%

The company reported standalone net profit of Rs 198.30 crore for the quarter ended September 30, 2017 as compared to Rs 204.49 crore in the same period last year, registering a year-on-yearÿdeclineÿof 3.03 per cent. Net revenue of the company rose moderately by 15.21 per cent at Rs 1,284.93 crore in July-September quarter of this fiscal as against Rs 1,115.29 crore in the correspondi

Jet Airways adopts Ind-AS; quarterly results by December 14

Jet Airways said it would submit the September quarter results to stock exchanges by December 14 since it has adopted new accounting standards, reported PTI. The full service carrier has adopted the Indian Accounting Standards (Ind-AS). Under Sebi norms, it is required to submit the quarterly financial results to the bourses within 45 days of the end of a particular quarter.

Since Ind

Bharti Airtel bullish on capex plans for next fiscal

Bharti Airtel, which has lined up investments worth Rs 25,000 crore on expansion this fiscal, is looking to continue with its bullish capex plans even in the next year, its chairman Sunil Bharti Mittal said as per the PTI report. "We are spending more money on capex. More networks are being built. I think Gopal (Vittal) mentioned yesterday Rs 25,000 crore so this is up from Rs 20,000 crore

SRF Limited expands its refrigerants portfolio

SRF Limited, a chemical based multi-business entity and a leading manufacturer of refrigerants in India, has said that it has reached a definitive agreement to acquire the HFC-125 assets from a global leader in the development, manufacture and supply of fluoroproducts. “Under the agreement, SRF will own the HFC-125 assets and the technical know-how on an exclusive basis.

The Com

Dr. Reddy`s Lab launches generic Azacitidine for injection

Dr. Reddy’s Laboratories Ltd. has said that it has launched generic Azacitidine for injection 100 mg/vial, a bioequivalent generic version of VIDAZA® (azacitidine for injection). The drug has been approved by Health Canada. “Bringing Azacitidine for Injection to the Canadian market at this time is very important for us, as well as for our customers and their patients,” say

Powergrid completes grid connectivity to Leh-Ladakh region

Powergrid has successfully completed and charged 220 kV S/c Leh - Khalsti Line section of 220 KV S/c Alusteng (Srinagar) - Leh Transmission line, along with 220/66 kV GIS sub-stations at Leh and Khalsti on October 31, 2017. “This is the first time in the country that any 220kV voltage level substation is built at such a high altitude of over 11500 ft,” Ministry of Power said in a pr

Positive global cues, healthy buying buoy equity indices

Key Indian equity indices traded in the green during the mid-afternoon session on Friday as positive global cues, coupled with healthy buying in capital goods, consumer durables and banking stocks, kept investor sentiments buoyed.

The broader Nifty50 of the National Stock Exchange scaled a fresh intra-day high of 10,461.70 points and the barometer 30-scrip Sensitive Index (Sensex) of

AkzoNobel India net profit down 6.7% in Q2

Paint major AkzoNobel India on Thursday reported a 6.7 per cent decline in its standalone net profit to Rs 38.79 crore in the quarter ended September 30, 2017 as compared to Rs 41.59 crore in the year-ago period.

On a comparable basis, its revenue from operations, during the quarter, was at Rs 704.49 crore, growing by about three per cent from Rs 685.83 crore in the corresponding quar

Glenmark net dips 4.5%, revenue flat in Q2

Glenmark Pharmaceuticals Ltd on Thursday reported Rs 214 crore consolidated net profit for the second quarter of fiscal 2017-18, posting 4.5 per cent annual decline from Rs 224 crore in the same period last year.

In a regulatory filing on the BSE, the city-based drug maker said consolidated revenue for the quarter under review was flat (1.5 per cent) at Rs 2,257 crore as against Rs 2,

Coal India misses production target by 5% during Apr-Oct

Amid complaints from thermal power plants over inadequate supply of fuel, Coal India Ltd (CIL) on Thursday reported that it has produced 278.01 million tonnes during the April to October period, but missed the target by five per cent.

The miner, which has a target to produce 292.77 mt during the period, achieved a 1.6 per cent growth in production from 273.57 mt produced in the same p

Thailand aims to boost exports; India rates dip on fresh supply

BENGALURU - Rice prices were relatively stable in Thailand this week as the country aims to attract more foreign buyers to boost exports, while prices in India slipped amid increasing supplies from the new season's crop.

Thailand's benchmark 5-percent broken rice was quoted at $382-$386 a tonne, free-on-board (FOB) Bangkok, which compared with $375-$388 a tonn

Natco Pharma Q2 net up 27% at Rs 84 cr

Natco Pharma today reported a 27.49 per cent rise in consolidated net profit to Rs 84.4 crore for the second quarter ended September 30, 2017. The company had posted a net profit of Rs 66.2 crore for the corresponding period of the previous fiscal, Natco Pharma said in a filing to BSE. Consolidated total revenue of the company stood at Rs 432.2 crore for the quarter under review.

It w

ONGC seeking oil assets in other regions amid Iran gas row

NEW DELHI - India's ONGC Videsh has turned its focus to buying stakes in overseas oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said on Thursday.

Indian firms led by ONGC Videsh, the foreign investment arm of Oil and Natural Gas Corp, have been negotiating with Iran for develop