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07 November 2019
TOP 10 THINGS TO KNOW
Lupin plans to offer Somerset, Goa plants for USFDA re-inspection by
March 2020
Lupin, India's third-largest drugmaker said it plans to seek USFDA re-inspection of
its Goa and Somerset plants by the first quarter of the calender year 2020. "I think
there's another two months of work that we want to put in before we put them
up for the re-inspection," Nilesh Gupta, Managing Director of Lupin told reporters
in a post-earnings conference call.
Indiabulls Housing Finance Q2 net profit falls 32% to Rs 702 cr
Indiabulls Housing Finance on November 6 reported over 32 percent decline in its
consolidated net profit to Rs 702.18 crore in the second quarter ended September
30. The company had posted a net profit of Rs 1,034.92 crore during the
corresponding quarter of the previous financial year. Its total income during the
July-September 2019 period also came down to Rs 3,420.45 crore, from Rs
4,255.27 crore in the year-ago period, it said in a regulatory filing.
Moody's warns Yes Bank of rating downgrade
Global ratings agency Moody's on November 6 placed private sector lender Yes
Bank's ratings under review for downgrade, further confounding the pains for the
lender that has been dogged by many an issue since the past one year. The Ba3
rating of the bank can be downgraded because of the weak September quarter
earnings and the bank managing to get only a commitment for $1.2 billion in
funding recently, the agency said.
Bosch Q2 net drops 77% to Rs 98 crore
Auto component major Bosch on November 6 reported a 76.57 percent drop in
consolidated net profit at Rs 98.4 crore for the second quarter ended September,
impacted by sluggish demand in the automobile industry. The company, which had
posted a net profit of Rs 419.99 crore in the July-September period of 2018-19,
also hinted at initiating process to reduce its workforce.
3. 2
British PM Boris Johnson promises to end 'paralysis' over Brexit
Prime Minister Boris Johnson on Wednesday said if he wins next month's
general election, he would end the "paralysis" in Parliament over Brexit but
warned that a victory for the Opposition Labour Party would mean a "horror
show" and further delay in UK's divorce from the EU. Johnson met Queen
Elizabeth II at Buckingham Palace, marking the official start of the election
period in the run-up to the December 12 poll.
Prakash Industries emerges as highest bidder for Bhaskarpara coal
block in Chhattisgarh
Prakash Industries on November 6 emerged as the highest bidder for
Bhaskarpara coal block in Chhattisgarh, an official said. Birla Corporation had
on Nov 5 bagged the Brahmapuri mine in Madhya Pradesh, the official said
quoting the results of e-auction for coal mines under the eight tranche. Jindal
Steel and Power Ltd (JSPL) was the highest bidder for Gare Palma IV/1 coal
block in Chhattisgarh with a bid price of Rs 230 per tonne on Monday.
Voltas Q2 net Profit flat at Rs 107.28 cr
Tata Group consumer electronics firm Voltas Ltd's consolidated net profit
remained flat at Rs 107.28 crore in the second quarter ended September 30,
the company said on Wednesday. Consolidated net profit in the same quarter
last fiscal was at Rs 107 crore, Voltas said in a regulatory filing. Revenue from
operations during the period under review also remained flat at Rs 1,421.94
crore. It was at Rs 1,421.36 crore in the year-ago quarter, the company said.
07 November 2019
Manappuram Finance Q2 net jumps 82% at Rs 408 crore
Manappuram Finance on Wednesday reported 82 percent jump in net profit at
Rs 407.65 crore for the quarter ended September 30, 2019. The company's profit
in the year-ago period stood at Rs 223.99 crore. Total income rose to Rs 1,334.09
crore during the quarter under review from Rs 1,027.51 crore in the same period
of 2018-19, Manappuram Finance said in a regulatory filing.
4. 3
BSE Q2 profit drops 21% at Rs 36 crore
Leading stock exchange BSE on November 6 reported 21 percent
decline in consolidated net profit at Rs 36.27 crore for the September
quarter of the ongoing fiscal. The bourse had logged a profit of Rs
45.85 crore in the year-ago period, the BSE (formerly known as
Bombay Stock Exchange) said in a regulatory filing to the NSE.
India to see $100 bn energy investment by 2024: Dharmendra
Pradhan
India will see a massive $100 billion investment in creating oil and gas
infrastructure over the next five years as the world's third-largest
energy consumer steps up spending to meet rising demand. Speaking
at KPMG's Enrich 2019 conference, he said India will chart its own
course of energy transition in a responsible manner even as it is said
to be a key driver of global energy demand in the coming decades.
07 November 2019
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