Tata Motors in a press release issued after market hours yesterday, 6 September 2016 said it has received orders for supply of over 5,000 buses from 25 state/city transport undertakings across the country. This represents a healthy growth of over 80% plus compared to last year in the order book position of the company, Tata Motors said. Ravi Pisharody, Executive Director, Commercial Vehicle Business Unit, Tata Motors said that the company plans to execute these orders in the current financial year (FY 2017). The orders will definitely enable the company to further strengthen its leadership position in the commercial vehicles (CV) passenger space, Pisharody added.
Oil India's net profit fell 33.47% to Rs 494.41 crore on 22.22% decline in total income to Rs 2460.85 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 6 September 2016.
Lupin announced at the fag end of market hours yesterday, 6 September 2016 that it has received tentative approval for its Silodosin Capsules, 4 mg and 8 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Allergan Sales, LLC's Rapaflo Capsules, 4 mg and 8 mg. The drug is indicated for the treatment of the signs and symptoms of benign prostatic hyperplasia. Rapaflo had US annual sales of $228.7 million as per IMS MAT June 2016 data.
TCS announced that it has unveiled new unemployment insurance system for the State of Mississippi. The announcement was made after market hours yesterday, 6 September 2016. TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium has gone live with the TCS developed Unemployment Insurance (UI) Application for Benefits. Mississippi began implementation of the UI solution prior to the formation of the consortium, while the states of Maine and Rhode Island plan to adopt the solution in the near future. Mississippi's Unemployment Insurance program helps unemployed individuals throughout the state by providing monetary benefits to those who have involuntarily lost their jobs, while they look for new employment opportunities.
TCS has been helping several US states to modernize their systems that support unemployment insurance programs. TCS developed solution is a robust and highly scalable platform with the ability to easily control multiple functional requirements, such as support for online claims processing, adjudication, appeals and extensive tracking of all claims and payments.
Syngene International announced the establishment of an integrated, multi-disciplinary drug discovery and development center for Amgen, Inc in Bangalore, India. This center, named Syngene Amgen Research and Development Center (SARC), will be Syngene's fourth such exclusive R&D center. Syngene already operates dedicated R&D centers for Bristol-Myers Squibb, Abbott Nutrition and Baxter Inc. The state-of-the-art dedicated center will be staffed by a team of more than 100 highly qualified Syngene scientists, working in close association with Amgen researchers around the world on the discovery and development of innovative medicines.
In addition to being customized to meet Amgen's functional requirements, the facility complies with the highest regulatory standards. Its design includes a range of environmentally-friendly features and flexible layouts, and is configured to minimize solvent and effluent waste with a strong emphasis on laboratory safety and green chemistry. Syngene has partnered with Amgen in a variety of discovery and development projects. With the establishment of SARC, this association now extends into a multi-discipline collaboration spanning capabilities in medicinal and process chemistry, biologics, bioprocess, drug metabolism, pharmacokinetics, bioanalytical research, and pharmaceutical development. The announcement was made after market hours yesterday, 6 September 2016.
Tata Power Company turns ex-dividend today, 7 September 2016, for dividend of Rs 1.30 per share for the year ended 31 March 2016 (FY 2016).
MOIL turns ex-dividend today, 7 September 2016, for final dividend of Rs 2 per share for FY 2016.
Grasim Industries turns ex-dividend today, 7 September 2016, for dividend of Rs 22.50 per share for FY 2016.
Engineers India turns ex-dividend today, 7 September 2016, for final dividend of Rs 2 per share for FY 2016.
BEML turns ex-dividend today, 7 September 2016, for dividend of Rs 4 per share for FY 2016.
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