TOP CORPORATE NEWS - 27 JAN 2016

Havells India Q3 net profit up by 4% (YoY)

Havells India Ltd has announced the following Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net Profit gained by 3.92% to Rs120.77 crore Vs Rs116.21 crore.

Total Income increased by 8.07% to Rs1357.68 crore Vs Rs1256.29 crore.

BEL Q3 net profit up by 9% (YoY)

Bharat Electronics Ltd (BEL) has announced the following Unaudited Standalone results for the quarter ended December 31, 2015

Net Profit rose by 8.79% to Rs295.71 crore Vs Rs271.81 crore (YoY).

Total Income decreased by 4.01% to Rs1652.71 crore Vs Rs1721.78 crore (YoY).

Aurobindo receives final USFDA approval for Voriconazole Tablets

Aurobindo Pharma has received final approval USFDA to manufacture and market Voriconazole Tablets, 50 mg and 200 mg. This product is expected to be launched in Q4 FY15-16.

Voriconazole Tablets is used in the treatment of fungal infections for patients 12 years of age and older.

Persistent Systems spurts as company eyes $1 bn revenue

Persistent Systems rose over 5%, touching to Rs639, on reports the company is eyeing $1 billion in revenue and will focus on acquisitions to achieve the target.

SpiceJet rallies 25% in two sessions post Q3 nos

Shares of SpiceJet rallied 14% to Rs89.90, also its 52-week high on the BSE in otherwise subdued market, extending its Friday’s surge after the company reported robust earnings for the third quarter ended December 31, 2015 (Q3FY16).

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