Ahluwalia Contracts said it won new construction orders aggregating to Rs 311 cr. “New orders worth of Rs. 170.99 Crores for construction of 300 Beds hospital in existing premises of ESIC Hospital Kolkata and worth Rs.140.00 Crores for other construction work,” it said. With this, the total order inflow during the FY 2017-2018 stands at […]
Pharma company Suven Life Sciences Ltd said it received new patents in India, USA and Hong Kong for neurological drugs. The patents — one each in Hong Kong and the US and a couple in India — are valid through 2032, 2030 and 2034. “The granted claims of the patents include the class of selective […]
PVR, India’s largest movie chain, said viewers can now watch any movie they want — including oldies, small-time and independent flicks and documentaries — by voting for them on movie-on-demand app VKAAO from Bookmyshow. When a certain number of app users sign up for a screening at a particular time and theater, the movie theater […]
Tata Global Beverages reported a 4.4% increase in revenue for the September quarter, while net profit jumped to 144 cr from Rs 127 cr in the year-ago quarter. Revenue declined marginally on a sequential basis, while net profit was higher by Rs 20 cr. The company said revenue comparisons were hit by foreign currency movements […]
Mahindra & Mahindra Ltd said it has agreed to license technology and the brand from Belgium-based agricultural equipment maker Dewulf to make potato planting machinery in India. Dewulf is the world’s leading full-liner in potato and root crop machinery and has three manufacturing locations in Europe: Belgium, the Netherlands and Romania. “With the ever increasing […]
Pharma giant Zydus Cadila reported excellent numbers for the September quarter, led by rising US revenue that lifted its margins and profits. For the second quarter ended September 30, 2017, Zydus Cadila reported Earnings before Interest, Depreciation and Tax (EBIDTA) of Rs. 857 crores, up by 68% y-o-y. Net profit was up 33% to Rs. […]
A youngster has ended up in the intensive care unit of a hospital struggling for his life after his attempt to mount an elephant like Baahubali went grievously wrong. The incident happened in Peringassery in the hilly district of Idukki in Kerala and was broadcast live on the victim’s Facebook. The incident took shape when […]
Tata Chemicals Limited reported flat revenue for the quarter ended September, partly due to the impact of the GST, but net profit from continuing operations was up 52%. On a like to like basis, said the company, revenue was up 2.6%. As reported, revenue was at 3,462 Cr and net profit at Rs 273 cr. […]
Real estate major DLF reported a sharp decline in its revenue and profit for the July-September quarter after it stopped taking new bookings due to the implementation of RERA in May. The company’s net profit fell by 94% to Rs 12.57 cr in July-September quarter from Rs 204.60 cr a year ago. Even in the […]
Hindu Janajagruti Samiti, an online organization that aims to bring back ancient Hindu rules in India, said it “won’t tolerate” mistakes in films, referring to errors in the film Padmavati. It did not specify what action it plans to take. Joining the protests by Rajput organizations of Rajasthan, the Samiti said it was outrageous to […]
Housing Development Finance Corporation Ltd or HDFC said the initial public offering of its life insurance unit HDFC Standard Life Insurance has been priced at the upper end of Rs 290 per share. The IPO will now mop up Rs 8,695 cr from the market. The shares were being offered in a band of Rs […]
Vedanta, one of the world’s biggest producers of minerals, said it plans to increase its oil and gas output by around 100,000 barrels per day to 275,000-300,000 barrels per day by March 2020, and expand its Tuticorin copper plant to the world’s largest. At present, the Tuticorin copper smelter is producing 400,000 tons per year. […]
The administration of the Jawaharlal Nehru University has fined its students Rs 6,000 for cooking and eating biryani in the administrative block during an overnight protest in June. The move, however, has taken a political turn as the action follows a campaign by the Akhil Bharatiya Vidyarthi Parishad — the student wing of the BJP […]
The Tata Motors said group global wholesales in October 2017, including Jaguar Land Rover, rose 2.7% to 1.04 lakh in October. In September, group global wholesale had risen 14% to 1,16,419. Wholesales of commercial vehicles, including Tata Daewoo, rose 1.3% to 37,400. Wholesales of passenger vehicles rose faster at 3.5% to 66,361, compared to 10% […]
Zydus Cadila said Mexico’s drug regulator granted marketing approval to market its diabetes drug Lipaglyn in Mexico. The drug can be used to bring down cholesterol levels in patients even when conventional therapies like statins fail. “This approval of Saroglitazar in Mexico is a major milestone for the company,” said Chairman Pankaj Patel. Lipaglyn was […]
Larsen & Toubro said its construction arm has won orders worth 4023 crores across various business segments. On Oct 26, the company had announced Rs 3551 crore worth of new orders. Today, it said its civil infrastructure business has bagged orders cumulatively worth Rs 1906 crores including a major government order worth Rs 1824 crores […]
Amara Raja Batteries reported a modest improvement in its results for the September quarter, with operating profit edging above last year’s level by a whisker. Growth would have been faster, if it hadn’t been for the disruption in the telecom market, the company said. The company’s revenue increased compared to the same quarter last year, […]
India Cements, the largest cement maker in South India, said its results for the September quarter were hit by GST, sand scarcity in Tamil Nadu and the impact of tougher regulation on the real estate sector. The company reported today a 62% decline in its standalone net profit to Rs 23.67 crore for the September […]
Jagran Prakashan reported disappointing results for the September quarter, continuing the trend of print and newspaper companies struggling in recent quarters. Total revenue from operations fell to Rs 566.55 cr for the three months ended September, down from 591.33 cr in the previous three months. However, compared to the same period a year ago, operating […]
HCL Infosystems, the India-focused IT arm of HCL Group, said it received a tax demand of Rs 312.34 cr plus interest and an amount equal to the interest amount as penalty. The company, which is already struggling with losses, did not specify the amount of interest involved or the year to which the dues relate. […]
