Domestic pharma industry is expected to report moderate revenue growth of 7-9 per cent in the current fiscal, due to headwinds in export sales in the regulated markets and high-base effect in the domestic formulations business, as per rating agency CRISIL. Operating profitability will shrink another 200-250 basis points (bps) after the 130 bps decline [...]
FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a 13.12 per cent decline in Profit After Tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, on account of rising commodity costs. The company, which follows July-June financial year, had reported a PAT of Rs 48.98 [...]
SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier's chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence -- especially with many of its flights suffering technical snags -- and subsequently, the airline has faced actions [...]
The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock. The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes [...]
The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel [...]
RBL Bank on Monday said its board has approved raising up to Rs 3,000 crore to fund the lender's business growth. The fund raising will be subject to the approval of the shareholders, the bank said in a regulatory filing. Besides, the board has approved issuance of 1.75 crore additional equity stock options exercisable into [...]
New Delhi, Aug 22 (PTI) A Delhi court has denied bail to businessman Ajay Ramesh Nawandar in a Rs 34,615-crore bank fraud case involving Dewan Housing Finance Limited (DHFL), on account of his possible influence on both evidence and witnesses. The court held that the accused was prima facie complicit at some stage in the diversion [...]
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday announced the appointment of Sukhmal Jain as its director for marketing. Prior to his elevation to the board, he was the Executive Director Incharge (Marketing Corporate) in the Corporate Office and before that the head of Gas Business Unit, the firm said in a statement. A Mechanical [...]
An IndiGo flight made a priority landing at Kolkata airport on Sunday morning after smoke was detected in the cargo hold of the plane, officials said. The flight, 6E 2513, was flying with 165 passengers and six crew members from Delhi to Kolkata, they said. The plane was scheduled to land at Kolkata airport at [...]
With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said. "This week we have the August month F&O expiry where bulls are looking for rest after a gain in the August series," said Santosh Meena, [...]
