Hero MotoCorp's two-wheeler sales rose 20% to 6.29 lakh units in February 2018 over February 2017. Riding on robust demand for its popular range of two-wheelers, Hero MotoCorp delivered a strong sales performance in February 2018, thereby further consolidating its dominant market leadership. This sales performance by the company has been driven by strong growth in scooters, in addition to the continued momentum across the range of its motorcycle brands. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
TVS Motor Company's sales rose 37% to 2.90 lakh units in February 2018 over February 2017. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
Coal India reported production and offtake figures for February 2018. Coal India said that production of the company and its subsidiary companies on provisional basis was 89% of targeted production at 54.46 million tonnes in February 2018. Offtake was 96% of target at 49.97 million tonnes in February 2018. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
Wipro announced the expansion of its Live Workspace suite of offerings, providing enterprises with an anywhere, anytime, any device digital workplace. This will allow enterprises to offer their employees a choice when deciding which tools enable them to be more productive, creative and collaborative. The announcement was made after market hours on Thursday, 1 March 2018.
Reliance Industries (RIL) will be watched. RIL's step-down subsidiary Reliance Brands (RBL) has completed acquisition of additional 5.3% stake in equity share capital of Genesis Luxury Fashion (GLF) for a cash consideration of Rs 35.39 crore. With this acquisition, the stake of RBL in GLF's equity share capital has gone up to 46.6%. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
RBL is a subsidiary of Reliance Retail Ventures, one of the retail arms of RIL and is partner of choice for various international brands. RBL, inter alia, held 41.3% investment in equity shares of GLF.
Dilip Buildcon has received Letter of Awards by the National Highways Authority of India for two new Hybrid Annuity Projects valued at Rs 4473 crore in Karnataka. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
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Laurus Labs announced that the United States Food and Drug Administration (USFDA) has successfully completed without observations for its unit 2 (formulations unit). The inspection was carried out from 26 February to 1 March 2018. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday, 2 March 2018 on account of Holi.
Laurus Labs has also received its maiden approval from USFDA for Tenofovir Disoproxil Fumarate Tablets 300mg. Tenofovir Disoproxil Fumarate Tablets 300mg is therapeutically equivalent to VIREAD Tablets 300mg of Gilead Science Ltd. (GILEAD). Tenofovir Disoproxil Fumarate Tablets 300mg is used for treatment of HIV-1 infection in adults and paediatric patients 2 years of age and older.
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