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Category Archives: Top Corporate News

TOP CORPORATE NEWS – 20 FEB 2017

M&M plans to launch petrol variants of XUV5oo and Scorpio M&M plans to launch petrol variants of XUV5oo and Scorpio amid consumer shift from the diesel variants; positive Mahindra & Mahindra plans to launch a petrol variant of its flagship Sports Utility Vehicle XUV500 in Q1FY18 in the wake of customer preference shifting away from

TOP CORPORATE NEWS – 17 FEB 2017

Cipla launches Hepatitis B vaccine in India Cipla announced that it has launched adult Hepatitis B vaccine in India. Under a co-exclusive agreement with Serum Institute of India (SII), Cipla will market the vaccine for adults while SII will market it for adults and children. Serum Institute of India is the world’s second largest vaccine

TOP CORPORATE NEWS – 16 FEB 2017

Cadila jumps as USFDA issues no observation on Moraiya facility Drug maker Cadila Healthcare has announced that its manufacturing facility in Moraiya, Gujarat was inspected by the USFDA with no form 483 issued against the company. Cadila Healthcare said that the USFDA inspected our Moraiya facility from February 6, 2017 to February 15, 2017. At

TOP CORPORATE NEWS – 15 FEB 2017

GAIL awards contract for construction of 105kms of pipeline GAIL awards contract for construction of 105kms of pipeline for Kochi-Mangalore section. GAIL targets to complete Kochi-Mangalore pipeline section (440 kms of length) by December-2018. Positive for Petonet LNG as it would improve utilisation for its Kochi terminal. PC Jeweller Q3 net profit down 27% (YoY)

TOP CORPORATE NEWS – 14 FEB 2017

Sun Pharma Cons Net Profit at Rs1, 472 Cr Vs Rs 1,546 Cr YoY Sun Pharma Cons Net Profit at Rs1, 472 Cr Vs Rs 1,546 Cr YoY Cons Total Income at Rs7, 912.6 Cr Cons EBITDA at Rs2, 453 Cr Tax Expense at Rs373 Cr Vs Rs89 Cr YoY. Godrej Inds reports Q3 consolidated

TOP CORPORATE NEWS – 13 FEB 2017

Allahabad Bank Q3: Asset quality worsens, weak operating performance Allahabad Bank Q3FY17 results first cut: Asset quality worsens, weak operating performance. Allahabad Bank has posted weak set of numbers for Q3FY17 as net interest income declined by 16.4% YoY to Rs1183 crore while operating profit stood flat at Rs863  crore. The non-interest income grew by

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