Key Indian equity indices closed at new highs on Monday cheered by hopes of a rate cut in the upcoming monetary policy review of the Reserve Bank of India (RBI), coupled with expectations of healthy quarterly results.
Investors' sentiments were also buoyed by broadly positive global cues and intense buying activities in banking, consumer durables and capital goods stocks.
Indian shares ended at a record closing high on Monday led by State Bank of India after the nation's biggest lender cut deposit rates on the majority of its savings accounts while investors awaited a rate cut by the central bank later this week.
The broader NSE Nifty closed up 0.63 percent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 percent.
Net revenue of the company rose substantially by 84.48 per cent at Rs 1.07 crore for the quarter ended June 30, 2017 as against Rs 0.58 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 84.85 per cent to Rs 0.61 crore from Rs 0.33 in year ago period. Other Income grew by 500.00 per cent at Rs 0.06 crore versus (Jun'16 Rs 0.01 crore).
Sintex Industries, the world largest producer of plastic water tank, has reported consolidated net profit of Rs 34.88 crore during the first quarter ended June 30, 2017, helped by strong growth in revenue and other income. “The company had registered consolidated net loss of Rs 1.15 crore in the April-June quarter of the previous fiscal, Sintex Industries said in a filing to the Bombay St
Net revenue of the company rose substantially by 37.45 per cent at Rs 1,136.45 crore for the quarter ended June 30, 2017 as against Rs 826.83 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 45.03 per cent to Rs 929.73 crore from Rs 641.08 in year ago period. Other Income grew by 31.07 per cent at Rs 6.96 crore versus (Jun'16 Rs 5.31 crore
Net revenue of the company rose substantially by 35.50 per cent at Rs 45.00 crore for the quarter ended June 30, 2017 as against Rs 33.21 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 28.11 per cent to Rs 31.63 crore from Rs 24.69 in year ago period. Other Income grew by 0.00 per cent at Rs 0.25 crore versus (Jun'16 Rs 0.00 crore).
Domestic smartphone maker Micromax on Monday unveiled a new selfie-centric smartphone 'Selfie 2' in India that sports an 8MP front camera and is priced at Rs 9,999.
The device also comes with 13MP rear camera with 'Sonyu' sensors and and a front flash.
The device is powered by MediaTek MT6737 Quad-core processor, coupled with 3GB RAM and 32 GB inter
By Sankalp Phartiyal and Nivedita Bhattacharjee
MUMBAI/BENGALURU - India's Snapdeal said it had decided to remain independent and was ending all talks regarding a sale, bringing the curtain down on months of discussions around a possible acquisition of the e-commerce firm by bigger rival Flipkart.
The failure to forge a deal is a setback for SoftBa
NEW DELHI - Two Indian states have asked cotton farmers to step up pesticide sprays to ward off potential harmful bug attacks as dry weather conditions in some parts of the country risk triggering infestations of pests like plant-eating whitefly.
Despite plentiful rains in most parts of the country, monsoon has been patchy in some areas of Punjab and Maharashtra
Leading IT company, Wipro Limited has said that its arm Wipro Gallagher Solutions released the latest version of its Loan Origination System, NetOxygen v5.0. “NetOxygen v5.0 provides users such as loan officers, processors and administrators with more simplified innovation and configuration tools to meet lenders' evolving needs and support next-gen lender transformation,” the IT
NHPC said that it has successfully completed synchronization of Unit - I of Parbati HE Project, Statge-2 (800MW) in Himachal Pradesh. “Synchronization of Unit # I of Parbati HE Project, Statge-2 (800MW) in Himachal Pradesh on part load has been achieved successfully at 10:53 PM on 29.07.2017,” the company said in a filing to the Bombay Stock Exchange. Meanwhile, shares of the compan
Drug firm Alembic Pharmaceuticals has received the US health regulator's nod for anti-bacterial Doxycycline capsules. "The company has received approval from the United States Food and Drug Administration (USFDA) for its ANDA for Doxycycline capsules USP 75 mg and 100 mg," Alembic Pharmaceuticals said in a BSE filing today.
The approved Abbreviated New Drug Application (
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India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the las
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