NTPC Q1 net profit In-line
NTPC has announced the following Q1 Unaudited Standalone results
for the quarter ended June 30, 2016 (YoY):
Net Profit rose by 4.08% to Rs2369.53 crore Vs Rs2276.50 crore
(YoY).
Total Income increased by 10.88% to Rs19220.80 crore Vs Rs17333.91
crore (YoY).
IGL Q1 net profit up 44% at Rs148 cr (YoY)
IGL Q1 net profit up 44% at Rs148 cr (YoY)Indraprastha Gas Ltd (
IGL) has announced the following Unaudited Standalone results for the quarter
ended June 30, 2016:
Net Profit rose by 44.38% to Rs148.01 crore Vs Rs102.51 crore
(YoY).
Total Income increased by 0.03% to Rs907.69 crore Vs Rs907.34
crore (YoY).
Fortis Health board approves diagnostic biz demerger; stk down
The board of directors of Fortis Healthcare at a meeting held on
August 19, 2016 approved a proposal to demerge its diagnostics business,
including that housed in its majority owned subsidiary SRL Ltd ( SRL) into another
majority owned listed subsidiary, Fortis Malar Hospitals ( Fortis Malar)
pursuant to a composite scheme of arrangement and amalgamation. The total
turnover of the demerged entity for FY 2016 was Rs 555 crore. The
demerger");'> demerger shall be followed by SRL being merged with
Fortis Malar as an integral part of the same composite scheme
Lupin gets approval for Acotiamide tablets
Lupin gets approval for Acotiamide tablets (used to treat
indigestion) from the Central Drugs Standard Control Organisation and it shall
commence promoting the product in India shortly.
The current market for plain Gastrointestinal (GI) prokinetics and
combinations is estimated to be around Rs2640 crore growing at 14%.
Aptech rallies after Rakesh Jhunjhunwala hikes stake
Aptech rose over 18%, touching to Rs136, after the promoter,
Rakesh Jhunjhunwala, increased his holding via open market.
According to reports, on Tuesday, August 9, Rakesh Radheshyam
Jhunjhunwala had bought an additional 700,000 shares representing 1.75% stake
in Aptech at an average price of Rs91.62 a piece, the NSE bulk deal data shows.
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