India

Petronet LNG reports 58% rise in Q1 net profit

Petronet LNG has reported results for first quarter ended June 30, 2015. The company has reported 58.05% rise in its net profit at Rs 247.50 crore for the quarter ended June 30, 2015 as compared to Rs 156.60 crore for the same quarter in the previous year. However, the company’s total income has decreased by

Strides Arcolab reports over two fold jump in Q1 consolidated net profit

Strides Arcolab has reported results for first quarter ended June 30, 2015. The company has reported 79.23% rise in its net profit at Rs 48.02 crore for the quarter ended June 30, 2015 as compared to Rs 26.79 crore for the same quarter in the previous year. The company’s total income has increased by 27.18%

M&M to launch ‘Mahindra TUV300’ in September

Mahindra & Mahindra (M&M), a part of the $16.9 billion Mahindra Group, has named its much awaited SUV with project code U301, as Mahindra TUV300, scheduled to be launched by September. The vehicle will be manufactured at M&M’s manufacturing facility at MVML, Chakan in Maharashtra. The design of the tough and stylish Mahindra TUV300 has

NHPC reports over 24% rise in Q1 net profit

NHPC has reported results for first quarter ended June 30, 2015. The company has reported 24.53% rise in its net profit at Rs 767.17 crore for the quarter ended June 30, 2015 as compared to Rs 616.03 crore for the same quarter in the previous year. The company’s total income remained almost flat, improving marginally

IIFL Holdings reports 15% rise in Q1 consolidated net profit

IIFL Holdings has reported results for first quarter ended June 30, 2015. The company has reported over 15 fold jump in its net profit at Rs 38.85 crore for the quarter ended June 30, 2015 as compared to Rs 2.52 crore for the same quarter in the previous year. The company’s total income jumped around

Cipla’s partner Sandoz gets USFDA’s nod for generic drug

Cipla’s partner Sandoz has received approval from United States Food and Drug Administration (USFDA) to launch a generic version of Pulmicort respules (budesonide). Sandoz’s budesonide inhalation suspension product is indicated for maintenance treatment of asthma and as prophylactic therapy in children 12 months to 8 years of age. Budesonide inhalation suspension is not indicated for

SSWL to set up backward integration plant

Steel Strips Wheels (SSWL) is setting up a specially designed Hot rolling mill (HRM) at Seraikela, State of Jharkhand, for rolling of profile bar under the backward integration policy of the company. Profile bar is the raw material for side ring/ lock ring, requiring for the Truck Wheel Rim. Presently, the company is sourcing the

IndusInd Bank launches Internet Payment Gateway

In a bid to strengthen its payment solutions business, IndusInd Bank has launched Internet Payment Gateway for enabling online acceptance of credit/debit and prepaid card. The payment Gateway will support acquisition of VISA, MasterCard and RuPay cards, besides net banking transactions. Bank has partnered with the Pay U India (part of Naspers Group) to offer

ITC reports 5% rise in Q1 net profit

ITC has reported results for first quarter ended June 30, 2015. The company has reported 4.95% rise in its net profit at Rs 2265.44 crore for the quarter ended June 30, 2015 as compared to Rs 2186.39 crore for the same quarter in the previous year. However, the company’s total income has decreased by 6.12%

NTPC inks MoU with Jharkhand government

NTPC, one of the largest power generators in the country, has reportedly signed a memorandum of understanding (MoU) with Jharkhand government for expansion of the Patratu thermal power station and increase power production. This development came nearly three months after the two sides signed a pact to form a JV. As per the earlier agreement