LIC Housing Q4 net profit up 18% (YoY)
LIC
Housing Finance Ltd has announced the following results for the quarter &
year ended March 31, 2016:
Standalone:
For
the Quarter ended March 31, 2016 (Audited)
Net
Profit surged by 18.46% to Rs448.02 crore Vs Rs378.18 crore (YoY).
Total
Income increased by 14.44% to Rs3273.94 crore Vs Rs2860.59 crore (YoY).
Alkem Labs slumps facing trial by German regulator
Shares
of Alkem Labs dropped 5% to Rs1276 on NSE in an otherwise positive market as
the company has been accused of fudging trial data by German regulator.
Alkem
Laboratories has been accused by Germany`s health regulator of fudging data on
clinical trials of an antibiotic and brain disorder drug, becoming the third
Indian firm to be scrutinised since 2014 for suspected manipulation of trial
data.
Reliance Industries plans to shut down unit of SEZ Refinery
Reliance Industries is planning to shut down one crude
distillation unit of SEZ Refinery for routine Maintenance & Inspection
activities from May 01, 2016, for about 3 weeks.
Adani gains on authorisation for $21.7 billion coal project
Adani Enterprises has got authorization by traditional land owners
for its 21.7 billion dollar coal mine project in Australia.
The stock opened at Rs81.25 marking days low at Rs81.20 with an
intraday high of Rs83.80 and is currently trading at Rs82.70 up by 2.54% on NSE
so far.
Aditya Birla subsidiary to sell 15% stake in company
Media
flash- Aditya Birla’s subsidiary My universe is looking to sell 15% stake in
the company for $100 million, leading to a consideration of $670 million.
This
is sentimentally positive for the Company.
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