Glaxosmithkline Pharmaceuticals reported a net loss of Rs 661.16 crore against a net profit of Rs 113.67 crore on 8.69% fall in total income to Rs 795.09 crore in Q3 December 2019 over Q3 December 2018. The reported sales number for the quarter declined due to portfolio optimization and voluntary recall of Zinetac. Adjusting for the same the underlying sales growth is 6%.
Reliance Industries (RIL) informed that the RIL-BP joint venture has completed the safe cessation of production in a planned manner, from the D1 D3 field in Block KG D6 (KG-DWN-98/3), off the east coast of India. The D1 D3 field was India's first deepwater gas field to be put on production in April 2009. New production from KG D6 project is on track to start by mid 2020.
Deepak Nitrite reported 294.74% rise in consolidated net profit to Rs 156.71 crore on 47.79% rise in total income to Rs 1,134.60 crore in Q3 December 2019 over Q3 December 2018. Basic Chemicals, Fine & Speciality Chemicals and the Performance Products segment resulted in robust topline performance during the quarter. This was supported by encouraging demand scenario of company's products in the export markets.
Affle India reported 31.35% rise in consolidated net profit to Rs 21.45 crore on 29.90% rise in total income to Rs 96.22 crore in Q3 December 2019 over Q3 December 2018. Historically, third quarter which has always been financially robust driven by festive season sales, continued its performance trend this time too.
J.K. Cement informed that the company has commissioned a 1-mt-per annum grey cement grinding capacity in Chittorgarh district of Rajasthan and a 1.5 mt per annum utility in Aligarh, Uttar Pradesh. Both units have already started commercial dispatches. Work at split-grinding unit in Balasinor, Gujarat is in advanced stage of completion.
GMR Infrastructure informed that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of GMR Infrastructure Ltd, has signed a concession agreement to commission, operationalise and maintain the civilian enclave at Bidar airport in north Karnataka. The agreement is under India's regional connectivity scheme UDAN, or Ude Desh Ka Aam Nagrik.
Tata Consultancy Services has expanded its long-standing partnership with Walgreens Boots Alliance, a global leader in retail and wholesale pharmacy, to transform the latter's IT operating model. The contract is valued at over $ 1 .5 billion over a ten-year period.
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Punjab National Bank has informed that the board of the bank has granted permission for raising funds through issuance of Basel-III compliant Tier-II Bonds amounting up to Rs 1000 crore in one or more tranches.
Astrazeneca Pharma India reported 8.22% fall in net profit to Rs 26.70 crore on 3.950% rise in total income to Rs 227.32 crore in Q3 December 2019 over Q3 December 2018.
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