Dr. Reddy's Laboratories (DRL) announced yesterday, 12 August 2015 that the company has launched Pramipexole dihydrochloride extended-release tablets 0.375 mg, 0.75 mg, 1.5 mg, 3 mg and 4.5 mg, a therapeutic equivalent generic version of Mirapex ER (pramipexole dihydrochloride) extended-release tablets in the US market on 11 August 2015, following the approval by the United States Food & Drug Administration (USFDA). The announcement was made after market hours yesterday, 12 August 2015.
The Mirapex ER brand and generic had US sales of approximately $48.3 Million MAT for the most recent twelve months ending in June 2015 according to IMS Health. Dr. Reddy's Pramipexole dihydrochloride extended-release tablets mg are available in 0.375 mg, 0.75 mg, 1.5 mg, 3 mg and 4.5 mg in bottle count sizes of 30.
Tata Power Company will announce Q1 results today, 13 August 2015.
Coal India's consolidated net profit fell 6.66% to Rs 3764.35 crore on 4.93% fall in total income to Rs 20965.20 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 12 August 2015.
National Aluminium Company's net profit fell 39.68% to Rs 163.44 crore on 13.27% fall in total income to Rs 1622.03 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 12 August 2015.
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Shares of State Bank of India (SBI) will be in focus. With respect to news appearing on 1 August 2015 titled "Hong Kong fines SBI branch $1 mn for law lapses," SBI after market hours yesterday, 12 August 2015 clarified that the bank did not intimate of the regulatory action by Hong Kong Monetary Authority on its Hong Kong Branch, as the event would not have any material impact on SBI's present or future operation or its profitability or financials.
The regulatory action by the Hong Kong Monetary Authority (HKMA) is not considered to be material as the quantum of monetary penalty at HKD 7,500,000/- ( approximately Rs 6.17 crore) is very small considering the size of balance sheet and profits, SBI said. Further, HKMA have very clearly stated in order, hosted on their website, that there was nothing involving any actual money laundering transactions or breaches of sanctions by our Hong Kong operations. The control gaps related to the past and have since been remediated with appropriate enhancements in policies and procedures, the bank said.
Max India's net profit fell 69.7% to Rs 24.59 crore on 59.8% decline in total income to Rs 45.63 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 12 August 2015.
DLF said that the company has on 11 August 2015, pursuant to a shelf information memorandum cum private placement offer letter and pricing supplement dated 10 August 2015, allotted 12.25% privately placed fully-paid non-convertible debentures of a principal amount of Rs 1000 crore, redeemable for cash at par in separate series within a period of 5 years from the date of allotment. These debentures are proposed to be secured by certain immovable assets of a wholly owned subsidiary of DLF, and are proposed to be listed on BSE, in accordance with the terms of applicable law, corporate approvals, transaction documents and other relevant considerations. The announcement was made after market hours yesterday, 12 August 2015.
On a consolidated basis, Reliance Infrastructure reported 12.39% fall in net profit to Rs 400.91 crore on 6.17% rise in total income to Rs 4829.30 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 12 August 2015.
Reliance Infrastructure said that Q1 June 2015 net profit was after Mumbai Metro loss of Rs 50 crore and Cement loss of Rs 39 crore in Q1 June 2015. Consolidated net profit rose 5% to Rs 490 crore in Q1 June 2015 over Q1 June 2014 prior to Mumbai Metro loss of Rs 50 crore and Cement loss of Rs 39 crore in Q1 June 2015, Reliance Infrastructure said.
Reliance Infrastructure's EBITDA rose 15% to Rs 1241 crore in Q1 June 2015 over Q1 June 2014.
NHPC said that Chamera-lll power station is under complete shutdown since 11 August 2015 due to heavy landslides around GIS building, consequent to heavy rain in Chamba region. The announcement was made after market hours yesterday, 12 August 2015.
Shares of Bharti Airtel turn ex-dividend today, 13 August 2015 for final dividend of Rs 2.22 per share for the year ended 31 March 2015.
Shares of Jammu & Kashmir Bank turn ex-dividend today, 13 August 2015 for dividend of Rs 2.10 per share for the year ended 31 March 2015.
AXISCADES Engineering Technologies said that a meeting of the board of directors of the company will be held on 14 August 2015, to consider and evaluate acquisition of AXISCADES Aerospace & Technologies (ACAT) and to take appropriate steps on the same. The acquisition is proposed to be carried out through amalgamation of the holding company of ACAT, which is, India Aviation Training Institute, with the company. The announcement was made after market hours yesterday, 12 August 2015.
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