Hyderabad based Natco Pharma has reported 115 per cent jump in net profit on a consolidated basis at 181.60 crore for the quarter ended September 2018 as against Rs 84.40 crore same period last year.
The company has recorded consolidated total revenue of Rs 583.50 crore for the second quarter ended on 30th September, as against Rs 432.20 crore for the same period last year, reflecting a growth of 35 per cent, a company statement said here.
During the quarter, the company has witnessed growth in the formulations business, both domestic and exports.
The breakup of revenues has domestic formulations at Rs 193.87 crore, exports formulation including profit share/service income at Rs 247.81 crore, API revenues at Rs 66.81 crore, other income at Rs 53.61 crore and subsidiary revenues Rs 21.40 crore for quarter ended 30th September 2018. ******************* Deutsche Bank, HCL Tech tie up for cheque processing globally *
Deutsche Bank has entered into a strategic partnership with HCL Technologies, wherein the Indian IT company will help to transform the German lender's cheque processing globally.
HCL will build a cloud-based digital and fully scalable cheque processing platform which is expected to go live in 2019, an official statement said. ***************** Azure Power commissions 95 MW solar project in Gujarat *
Independent solar power producer Azure Power Monday said it has commissioned a 95 MW solar project in Gujarat.
This project, which is the first phase of a 260 MW allocation by Gujarat Urja Vikas Nigam (GUVNL) to Azure Power and was developed outside a solar park, the company said in a statement issued here.
The company will provide power for 25 years at a tariff of Rs 2.67 per unit to GUVNL.
"We commissioned this project five months ahead of the schedule. With the early commissioning, we have demonstrated our strong project development, engineering, and execution capabilities," Azure Power Founder, chairman and chief executive officer Inderpreet Wadhwa said. ********** Udacity ties up with KPIT to upskill engineering talent *
Silicon Valley-based learning platform Udacity on Monday said it is partnering with KPIT Technologies to upskill and build the engineering talent ecosystem for autonomous technology in India, including self-driving cars and autonomous flight.
KPIT is a global technology partner to original equipment manufacturer's - helping them accelerate the implementation of next generation vehicle technologies including autonomous driving.
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