Maruti Suzuki India's net profit rose 3% to Rs 1799 crore on 13.9% rise in net sales to Rs 18940 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Thursday, 25 January 2018. The market remained shut on Friday, 26 January 2018 on account of holiday.
HDFC, IDFC and Tech Mahindra will announce Q3 results today, 29 January 2018.
Shares of Newgen Software Technologies will be listed on the bourses today, 29 January 2018. The issue price of the initial offer of the company has been fixed at Rs 245 per share. The IPO was subscribed 8.25 times. Newgen Software Technologies offers a platform to enable organizations to drive digital transformation of business processes such as automation of routine business functions, making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed.
Cipla announced that it has received final approval for its Abbreviated New Drug Application (ANDA) for Tenofovir Disoproxil Fumarate Tablets, 300mg, from the United States Food and Drug Administration (USFDA) to market a generic version of Gilead Sciences' Viread Tablets, 300mg.
Cipla's Tenofovir Disoproxil Fumarate Tablets, 300mg, are AB-rated generic equivalents of Gilead Sciences' Viread Tablets, 300mg, and are indicated in combination with other antiretroviral (ARV) agents for the treatment of HIV-1 infection in adults and paediatric patients 12 years of age and older. Cipla is excited to add this important antiretroviral product to its growing portfolio of ARVs in the US.
The product will be available for commercial shipment in the US immediately. Viread Tablets, 300mg, had US sales of approximately $72S million for the 12-month period ending November 2017, as reported by IMS Health. The announcement was made before market hours today, 29 January 2018.
KSB Pumps said that it has received orders of around Rs 413 crore from Nuclear Power Corporation of India (NPCIL). The announcement was made before market hours today, 29 January 2018.
Prataap Snacks said that it has entered into a new contract for third party manufacturing at Ahmedabad, Gujarat, Bengaluru, Karnataka and Kolkata, West Bengal for producing potato chips. The enhanced capacities will widen its manufacturing footprint enabling it to cater to the growing demand for its products. The contract manufacturing facilities provide the additional advantage of being located in close proximity to the target markets ensuring optimal logistics and freight management. The announcement was made after market hours on Thursday, 25 January 2018.
Majesco said that it has received an intimation from its subsidiary, Majesco USA in relation to a summons that has been received by Majesco Software and Solutions Inc., a wholly owned subsidiary of Majesco, USA from one of their customers. The announcement was made on Sunday, 28 January 2018.
Divi's Laboratories' net profit fell 16.3% to Rs 224.66 crore on 6.3% rise in net sales to Rs 1037.88 crore in Q3 December 2017 over Q3 December 2016. The announcement was made on Saturday, 27 January 2018.
Bank of Maharashtra said that board meeting of the bank will be held on 31 January 2018 to consider the proposal of raising of equity capital of bank by way of preferential allotment to Government of India. The announcement was made on Saturday, 27 January 2018.
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