Sun Pharmaceutical Industries (Sun Pharma) after market hours on Thursday, 13 February 2014 announced that the USFDA has granted its subsidiary final approval for its abbreviated new drug application (ANDA) to market a generic version of Temodar, Temozolomide Capsules, 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg.
Temozolomide Capsules, 5 mg, 20 mg, 100 mg, 140 mg, 180 mg and 250 mg are therapeutic equivalents of Merck Sharp & Dohme Corporation's Temodar Capsules. These Capsules have annual sales of approximately $400 million in the United States, Sun Pharma said in a statement.
Temozolomide Capsules are indicated for the treatment of adult patients with newly diagnosed glioblastoma multiforme concomitantly with radiotherapy and then as maintenance treatment and for adult patients with refractory anaplastic astrocytoma who have experienced disease progression on a drug regimen containing nitrosourea and procarbazine, Sun Pharma said.
Bharti Airtel after market hours on Thursday, 13 February 2014 said it has acquired 115.0 MHz spectrum for a total consideration of Rs 18530 crore in the just concluded spectrum auction conducted by the Government of India (GoI). Bharti Airtel will make an upfront payment of Rs 5425 crore, with the balance to be paid in ten annual installments of Rs 1310 crore each, commencing two years from now, the company said.
Bharti Airtel said that the company's spectrum acquisition is in line with its strategy of building a robust network of the future and enhancing its leadership position in the fast growing data segment.
The company plans to roll-out high speed 4G networks in various circles using FD-LTE technology in the 1800 MHz band besides its existing TD-LTE roll-out in the 2300 MHz band, giving it a pan-India 4G footprint, Bharti Airtel said in a statement.
Bharti Airtel complimented DoT and TRAI on the successful outcome of the auction. It said that the auction has lent credence to the industry's position that reasonable reserve prices ensure successful auctions, while high reserve prices are counterproductive. It added that in most circles the auction in 1800 MHz showed a balanced approach between the revenue for the exchequer and industry viability due to ample spectrum being put up for auctions. However, the auction in 900 MHz band resulted in artificial and unrealistic prices on account of shortage of spectrum and the unenviable position of the incumbents who were forced to bid for this spectrum to protect the interest of their customers and the huge investments made by them, Bharti Airtel said in a statement.
Gopal Vittal, Jt. MD & CEO - India, Bharti Airtel said, The auction has provided much needed long term certainty and clarity around spectrum and other regulatory policies. However, future auctions should ensure that more spectrum in the 900 MHz band is secured from other agencies and the operators who are grossly underutilizing this important spectrum band. The auction also highlights the urgent need for vacating E GSM spectrum in the 800 MHz band, which is being used for older technologies or is lying unused with certain agencies.
Engineers India announced before market hours today, 14 February 2014 announced a further public offer of 3.36 crore shares through an offer for sale by the President of India, acting through the Ministry of Petroleum and Natural Gas, Government of India, and in accordance with the Listing Agreement, the company's Empowered Group of Ministers (EGoM) in its meeting held on 13 February 2014, has decided the offer price for the offer at Rs 150. The EGoM has also decided to offer a discount of Rs 6 per share to the offer price to employees and retail investors.
The offer size is 3.36 crore shares comprising a net offer of 3.31 crore shares by the company to the public and a reservation of 5 lakh shares for eligible employees.
ONGC's net profit rose 28.1% to Rs 7125.97 crore on 5.09% growth in total income to Rs 23514.57 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Thursday, 13 February 2014.
Indian Oil Corporation (IOC) reported net loss of Rs 961.45 crore in Q3 December 2013 as compared to net profit of Rs 3331.96 crore in Q3 December 2012. Total income rose 1.44% to Rs 119354.01 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Thursday, 13 February 2014.
United Spirits' net profit declined 19.4% to Rs 64.92 crore on 5.22% growth in total income to Rs 2351.49 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Thursday, 13 February 2014.
Future Retail reported a net profit of Rs 21.74 crore in Q4 December 2013 as against net loss of Rs 20.41 crore in Q4 December 2012. Total income rose 80.81% to Rs 2331.33 crore in Q4 December 2013 over Q4 December 2012. The result was announced after market hours on Thursday, 13 February 2014.
Future Retail said that the scheme of Amalgamation and Arrangement of Future Value Retail (FVRL), a wholly owned subsidiary company with the company under the provisions of section 391-394 of the Companies Act,1956 for merger of FVRL with effect from 1 July 2012 has been given effect in accounts for the quarter ended 31 December 2013 after receipt of approval of High Court of Judicature at Bombay on 31 January 2013 and scheme has been made effective upon filing of the certified copy of court order with Registrar of Companies, Maharashtra on 11 February 2014. Pursuant to the same all the assets and liabilities of FVRL merged and vested in the company. In view of the same, the financial results of the present quarter and twelve months ended 31 December 2013 include performance of the FVRL. Accordingly, the previous period's figures are not comparable, Future Retail said.
Multi Commodity Exchange of India (MCX)'s net profit fell 71.22% to Rs 21.83 crore on 51.1% decline in total income to Rs 79.59 crore in Q3 December 2013 over Q3 December 2012. The Q3 result was announced after market hours on Thursday, 13 February 2014.
On a consolidated basis, Simbhaoli Sugars reported net loss of Rs 65.48 crore in Q3 December 2013 higher than net loss of Rs 26.28 crore in Q3 December 2012. Total income from operations (net) fell 46.71% to Rs 151.18 crore in Q3 December 2013 over Q3 December 2012. The result was announced after market hours on Thursday, 13 February 2014.
Nitesh Estates on Thursday, 13 February 2014 said that Nitesh Indiranagar Retail, a 100% subsidiary of the company which will develop and own the Retail Mall of 1.2 million square feet (apprx) at Indiranagar, Bangalore and has concluded the Supplementary Agreement with the landowners. The auditors had expressed their concern as a matter of emphasis in the Annual Accounts over this project over last 2 years, which is now resolved, the company said. The subsidiary will now take up this project and is expected to complete the construction within 37 months, it added. This property has the potential of rental earning of Rs 60 crore per annum to the subsidiary, Nitesh Estates said. The project will improve the substantial revenue and profitability of the company, on the consolidated basis, the company added.
Excel Industries' board of directors at its meeting held on Thursday, 13 February 2014, approved subject to consent of the shareholders by special resolution in the extraordinary general meeting to be held on 15 March 2014, the proposal to issue 20 lakh warrants, on preferential basis to Utkarsh Global Holdings, a promoter group company, at a price of Rs 69 per warrant, each warrant convertible into one equity share of face value of Rs 5 each of the company at a premium of Rs 64, in accordance with the provisions of SEBI (ICDR) Regulations, 2009 as amended to date.
Accelya Kale Solutions turns ex-dividend today, 14 February 2014, for an interim dividend of Rs 27 per share for the year ending June 2014.
Blue Dart turns ex-dividend today, 14 February 2014, for an interim dividend of Rs 35 per share for the year ending March 2014.
SRF turns ex-dividend today, 14 February 2014, for second interim dividend of Rs 7 per share for the year ending March 2014.
VIP Industries turns ex-dividend today, 14 February 2014, for an interim dividend of Rs 0.50 per share for the year ending March 2014.
Powered by Capital Market - Live News
