The fall in revenue and profits in the first quarter was due to lack of launches in the US, says Saumen Chakraborty, CFO of Dr Reddy’s. The company launched its first product in the US in July.
27 Jul 2016, 3.44 pm | Source: CNBC-TV18
Bajaj Auto reported a 3.5 percent rise in revenue to Rs 6,088.7 crore while its operating margin improved to 19.3 percent in the first quarter of FY17.
27 Jul 2016, 3.39 pm | Source: CNBC-TV18
A Brazilian court has approved the reorganisation of the debt of Shree Renuka Sugars' subsidiary in the country. The recast slashes Renuka Vale do lvai's debt by Rs 168 crore, according to Narendra Murkumbi, Vice-chairman and Mana...
27 Jul 2016, 3.35 pm | Source: CNBC-TV18
Akzo Nobel India targets improving or at least sustaining margin over next 12-15 months, says MD Jayakumar Krishnaswamy.
27 Jul 2016, 3.33 pm | Source: CNBC-TV18
Speaking to CNBC-TV18 after reporting the first quarter results, Dabur CFO Lalit Malik says some benefits of monsoons and implementation of the 7th pay commission might help lift volumes albeit at a slow pace during the second hal...
27 Jul 2016, 3.24 pm | Source: CNBC-TV18
Initially, the vehicle will be sold in three cities Ahmedabad, Kolkata and Ludhiana - priced at Rs 4.03 lakh, Rs 4.11 lakh and Rs 4.01 lakh respectively, MSI said in a statement.
27 Jul 2016, 3.18 pm | Source: PTI
Raising the issue during Zero Hour in Lok Sabha, Chintaman Malviya alleged that banks like ICICI, Kotak Mahindra, YES and Axis have become "organised racket of profiteers" which have nothing to do with implementing schemes like th...
27 Jul 2016, 3.18 pm | Source: PTI
Terming the order "arbitrary", the Metal and Stainless Steel Merchant's Association (MSSMA), All India Stainless Steel Industries Association (AISSIA) and Process Plant & Machinery Association of India (PPMAI) claimed that the QC ...
27 Jul 2016, 3.10 pm | Source: PTI
"With this partnership Hero Electronix now has the expertise to offer sophisticated technological products encompassing embedded software and hardware development for domains like automotive, avionics, transportation, industrial a...
27 Jul 2016, 3.04 pm | Source: PTI
USL, which has a plant at Hathidah, said that in the 2015-16 fiscal, Bihar contributed about Rs 100 crore or 1 percent to the company's total revenue.
27 Jul 2016, 2.58 pm | Source: PTI
The letter has resulted in a delay of some of important product launches this year and also necessitated a significant cost towards the remediation efforts, Prasad added.
27 Jul 2016, 2.34 pm | Source: PTI
N Ramanathan, Managing Director of Ponni Sugars told CNBC-TV18 that the company has been able to crush more sugarcane and improve sugar production this year. Therefore, improvement in average realisation, in sugar production and i...
27 Jul 2016, 2.32 pm | Source: CNBC-TV18
A consortium of family office investors, comprising of Jesdev Saggar-led 3 Associates of the UK and others from the Middle East, has made the offer to acquire Sahara group's majority stake in the three marquee hotel properties -- ...
27 Jul 2016, 2.18 pm | Source: PTI
Tata Steel Minerals Canada (TSMC) is a JV established in October 2010 by the Indian firm and New Millennium Iron Corp with the former owning 94 percent.
27 Jul 2016, 2.14 pm | Source: PTI
The steel manufacturer is said to be in talks with players to sell its plants in Wardha and Khopoli and hopes to raise about Rs 7,000 crore from the sale, reports CNBC-TV18's Kritika Saxena.
27 Jul 2016, 1.54 pm | Source: CNBC-TV18
The Hyderabad-based firm will utilise the funds to expand its sales and development team, Byndr said in a statement.
27 Jul 2016, 1.12 pm | Source: PTI
"India is now one of our fastest growing markets. In the first three quarters of this fiscal year, our iPhone sales in India were up 51 percent year-on-year," Apple CEO Tim Cook said on an investor call.
27 Jul 2016, 12.52 pm | Source: PTI
Recently, popular coffee giant Starbucks extended its offering to wine and craft beer at its 70 US stores. Offering a relaxed and aromatic mood, Starbucks is trying to attract the drinking crowd in a safer-than-bar environment, th...
27 Jul 2016, 12.49 pm | Source: Moneycontrol.com
The company had earlier announced that it has halted operations at its manufacturing unit at Mandideep in Madhya Pradesh after it was hit by heavy rains.
27 Jul 2016, 12.02 pm | Source: PTI
Pankaj Poddar, CEO of Cosmo Films said that a 20 percent fall in polypropylene prices in the quarter impacted the company’s sales by about 12 percent, given that polypropylene price decreases were passed on to customers.
27 Jul 2016, 11.43 am | Source: CNBC-TV18
The company hopes to be one of the go-to players for FMCG and other companies for advertisments, according to Mihir Modi, Chief Finance and Strategy Officer, Zee Entertainment.
27 Jul 2016, 11.40 am | Source: CNBC-TV18
The sale is in compliance with Educomp's approved corporate debt restructuring scheme and in accordance with the master restructuring agreement executed with the lenders and with the approval of ICICI Bank, holder of the exclusive...
27 Jul 2016, 11.40 am | Source: PTI
"The issue proceeds will enable the bank to strengthen its capital adequacy requirements as specified by RBI from time to time", the bank had said.
27 Jul 2016, 11.38 am | Source: PTI
"Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Potassium Chloride Extended Release Tablets USP, 10mEq (750 mg) and 20mEq (1500mg)," it said in a BSE filing.
27 Jul 2016, 11.26 am | Source: PTI
In an interview to CNBC-TV18, Ashok Hiremath of Astec Lifesciences said the company's debt has reduced and that rating agency ICRA has upgraded the company's credit rating by 2 notches
27 Jul 2016, 11.25 am | Source: CNBC-TV18
Specifically talking about Ramchandi coal block, the MD & CEO of Jindal Steel & Power (JSPL), Ravi Uppal said that the coal block was never used by the company. However, the project related to that was cancelled post deallocation ...
27 Jul 2016, 11.14 am | Source: CNBC-TV18
Gland Pharma, a contract manufacturer of injectables, is expected to sign the deal with Fosun in Singapore late Wednesday.
27 Jul 2016, 10.47 am | Source: Moneycontrol.com
"The centre will add 300 new jobs for customer care support by December, 2016... The new recruits will provide voice-based customer care support in Kannada and English languages," HGS said in a statement.
27 Jul 2016, 9.34 am | Source: PTI
The Mumbai-based firm had clocked sales of 2.14 MT during the same period in 2015-16 fiscal, it said in a regulatory filing.
27 Jul 2016, 9.32 am | Source: PTI
"HDFC Capital through it's recently raised off-shore fund has made it's first equity investment of Rs 300 crore, with Total Environment Group," the real estate company said in a statement issued here.
27 Jul 2016, 9.30 am | Source: PTI