Auto components maker Amtek Auto today reported widening of its standalone net loss at Rs 241.56 crore for the quarter ended December 2016.
The company had posted a net loss of Rs 175.36 crore in the same quarter last fiscal.
Net sales during the period under review stood at Rs 438.40 crore as against Rs 824.69 crore in the year-ago quarter, the company said in a BSE filing.
Shares of Amtek Auto ended 0.84 per cent down to close at Rs 36.10 on BSE.
*****
Surya Roshni starts campaign against spurious LED products * Leading lighting products maker Surya Roshni has commenced a nationwide campaign to create awareness among consumers about the menace of fictitious and spurious LED products in the market place.
The company, which has invested Rs 50 crore in R&D for LED segment has plans to invest more in the coming years to have an innovative range of products.
Presently, Surya enjoys number two position in lighting trade segment in India.
*****
HFCL Q3 net dips 70% to Rs 21 crore
* Domestic telecom gear firm HFCL today posted about 70 per cent decline in its standalone net profit at Rs 21.03 crore in the October-December 2016.
The company has registered Rs 70.42 crore in the same period a year ago.
Sales of HFCL also declined by 32.75 per cent to Rs 441.99 crore during the reported quarter from Rs 657.26 crore in the corresponding period of 2015-16.
Shares of HFCL closed at Rs 13.99 a unit, marginally down compared to previous close on BSE today.
*****
Nubia Selects B2X as customer care partner in India * Chinese smartphone maker Nubia Technology has selected B2X as its customer care partner for India.
"Premium Service is an integral part of the Nubia experience and we are happy that we have found in B2X a partner that helps us deliver on that promise. We are going to introduce a number of unique and special services for Nubia in India in the near future," Ying Deng, Head of customer service at Nubia, said in a statement.
B2X serves also serves other mobile brands such as Apple, Lenovo, OnePlus, Samsung and Xiaomi.
The walk-in service center network operated by B2X provides personal support and service for any related issues in all Indian big cities at 34 locations, the statement said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
