Glenmark Pharma's consolidated net profit rose 10.9% to Rs 166.79 crore on 25.3% growth in revenue to Rs 1335.48 crore in Q4 March 2013 over Q4 March 2012. Revenue from the generics business jumped 25.19% to Rs 586.53 crore in Q4 March 2013 over Q4 March 2012. Revenue from specialty formulation business, excluding out-licensing revenue, jumped 24.72% to Rs 741.29 crore in Q4 March 2013 over Q4 March 2012. The company announced the result after trading hours on Tuesday, 7 May 2013.
Glenmark Pharma's consolidated net profit rose 33.5% to Rs 614.74 crore on 24.67% growth in revenue to Rs 5012.34 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
HDFC and Lupin will unveil their Q4 results today, 8 May 2013. Ranbaxy Laboratories will also announce its Q1 March 2013 results today, 8 May 2013.
Oracle Financial Services Software's net profit fell 46.69% to Rs 266.26 crore on 7.88% increase in total income to Rs 843.47 crore in Q4 March 2013 over Q4 March 2012.
Net profit fell 5.51% to Rs 1029.26 crore on 13.32% increase in total income to Rs 3378.02 crore in the year ended March 2013 over the year ended March 2012.
On a consolidated basis, Oracle Financial Services Software's net profit rose 18.24% to Rs 1075.14 crore on 10.23% increase in total income to Rs 3933.54 crore in the year ended March 2013 over the year ended March 2012.
On a consolidated basis, IL&FS Transportation Networks rose marginally by 0.6% to Rs 178.45 crore on 2.9% decline in net sales to Rs 1930.50 crore in Q4 March 2013 over Q4 March 2012.
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Net profit of Dewan Housing Finance Corporation rose 109.73% to Rs 196.94 crore on 141.7% spurt in operating income to Rs 1742.95 crore in Q4 March 2013 over Q4 March 2012.
Shriram Transport Finance Company's board of directors at its meeting held on Tuesday, 7 May 2013, has approved raising of funds by way of a public issue of secured, redeemable non-convertible debentures, not exceeding Rs 2000 crore in one or more tranches. The announcement was made after market hours on Tuesday, 7 May 2013.
Infosys after market hours on Tuesday, 7 May 2013, announced that it is collaborating with SAP on development of mobile applications for the retail industry. These efforts are focused on giving consumer packaged goods (CPG) companies anytime, anywhere access to sales representatives and merchandisers, enabling them to capture information from the field to make them more competitive and agile.
Specifically, Infosys has cooperated with SAP on development of the SAP Retail Execution mobile application version 3.0. The application powers the work Infosys does for CPG companies, along with their merchandisers and promotions planners. It streamlines sales forces by providing data via user-friendly mobile devices, instead of cumbersome laptops and user interfaces. The applications also provide critical business insights that help grow sales and more efficiently perform in-store activities like surveys, audits, order taking, promotion compliance and other functions. Infosys is continuing this cooperation on development of future versions of SAP Retail Execution.
Rajesh Murthy, Global Head of SAP practice, Infosys: "SAP Retail Execution helps CPG companies boost return on brand and promotion investments by increasing promotional compliance and monitoring the success of new products. Our partnership with SAP creates new opportunities for organizations to maximize the data their systems generate, which improves the speed and confidence of their decision-making."
Wipro after market hours on Tuesday, 7 May 2013, announced that it has signed an agreement to enter into a strategic partnership and take a minority position in Opera Solutions, LLC, a leading global Big Data science company. Wipro will invest $30 million in the company, which is privately held and headquartered in Jersey City, NJ.
Big Data represents an unprecedented opportunity for business value creation but many enterprises do not have the right technology or the science to access its power. Opera Solutions supplies these critical capabilities in a form that allows organizations to rapidly turn raw Big Data into strategic advantage, profit, and productivity.
"This strategic partnership with Opera Solutions will help us further extend our leadership in the Big Data analytics space, as it combines Opera Solutions' machine learning expertise, pre-discovered predictive Signals and algorithms with Wipro's proven domain and technology expertise combined with Global Delivery Model to create industry-specific Big Data analytics solutions. It also enables our customers to maximize the ROI of Big Data analytics implementation through faster adoption," said K.R Sanjiv, Senior Vice President and Global Head, Analytics and Information Management, Wipro.
Mcleod Russel India said that Phu Ben Tea Company, a wholly-owned step-down subsidiary of the company in Vietnam, on 3 May 2013, signed an agreement for purchasing a tea processing factory in Vietnam, with annual production capacity of 1.2 million kilogram (kg) for a consideration of $2,754,000, plus VAT at the applicable rate.
SREI Infrastructure Finance said that its committee of directors has allotted 13.37 lakh debentures of the face value of Rs 1000 each, aggregating to Rs 133.70 crore, at its meeting held on 6 May 2013.
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