Crompton Greaves Q1: Net Profit at Rs40 Cr Vs Loss of Rs63.7 Cr (YoY
Crompton Greaves Q1: Net Profit at Rs40 Cr Vs Loss of Rs63.7 Cr (YoY)
Total Income at Rs.1, 424 Cr
EBITDA Margin At 8.5%
EBITDA at Rs.120.5 Cr
Cipla subsidiary receives USFDA approval for Bupropion
Hydrochloride
Cipla’s subsidiary InvaGen receives USFDA approval for Bupropion
Hydrochloride Extended-Release Tablets (XL),g Wellbutrin used to treat major
depressive disorder (MDD) and prevention of seasonal affective disorder (SAD) –
Positive for Cipla; product has US sales of ~$792M for the 12 month period
ending June 2016.
Maruti Suzuki launches sport version of Swift hatchback
Maruti Suzuki launches sport version of it Swift hatchback (Swift
Deca) limited edition model; positive
Maruti Suzuki launched sporty Swift Deca limited edition model.
The model has array of features including touch screen multimedia with
Bluetooth, exterior styling kit, sporty body graphics, football themed seat
covers.
The Vxi variant is priced at Rs5.94 lakh while the Vdi variant is
priced at Rs6.87 lakh.
eClerx board approves Buyback of equity shares
eClerx approved a proposal for Buyback of equity shares of the
company, for an aggregate amount not exceeding Rs234 Crore at a price not
exceeding Rs2,200 per share.
At maximum Buyback price, the buyback translates into
approximately 1,068,182 Equity Shares of the Company, representing about 2.6%
of the total paid up equity share capital of the Company.
Coal India arm looking for acquiring coking coal assets in South
Africa
Coal India’s subsidiary Coal Videsh is looking for acquiring
coking coal assets in South Africa.
The company’s Board has approved signing of a memorandum of
understanding (MoU) with the South Africa government-controlled African
Exploration Mining and Finance Corporation (AEMFC).
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