Music company Saregama today reported 113.40 per cent jump in its consolidated net profit at Rs 4.46 crore for the second quarter ended September 30.
The company had posted a net profit of Rs 2.09 crore for the corresponding quarter in the year ago period.
Its total revenues during the quarter under review stood at Rs 84.46 crore, as against Rs 47.90 crore in the same quarter last year.
"There are a host of exciting opportunities that are lined up in the coming months and we are committed to continue on this upward curve as we go forward," Saregama India Managing Director Vikram Mehra said in a statement.
****************** Axis Mutual Fund to launch Axis Multicap Fund
Private sector fund house Axis Mutual Fund today said that it has launched Multicap Fund, an open-ended equity scheme that would invest in a diversified portfolio of stocks from across the market-cap spectrum.
The new fund offer opens on October 30 and closes on November 13.
The fund distinguishes itself by aiming to identify companies that are at their inflection points-in the midst of circumstances that have the potential to substantially improve the growth trajectory of the company. This can happen for various reasons.
********************* FGILI opens branch in Kochi
Future Generali India Life Insurance (FGILI) has increased its national presence by launching opening a branch in Kochi, Kerala, today.
"This incremental branch expansion is a significant organisational imperative for our company's next phase of growth. We are excited to establish our distribution presence in Kochi and provide comprehensive insurance solutions across all life stages to the consumers," said FGILI Executive Vice President and Head - Agency - Subhasish Acharya in a release here.
Currently, FGILI has 77 branches and since its inception, the firm has sold over 12 lakh policies and manages assets worth Rs 3,100 crore as on September 30, 2017.
******************** Midmark India launches motorised bed for Indian hospitals
Midmark (India), a leader in the area of patient positioning equipment, has announced the launch of their new motorised bed 'Electra', designed and positioned to capture a new market in India's tertiary care sector.
The new bed has been designed and built to enhance patient comfort and caregiver efficiency. Priced between the range of Rs 1,30,000 to Rs 1,50,000 and engineered incorporating the most modern technological configurations.
Manufactured and designed entirely in India, the bed not only matches world class standards from a quality, efficiency and safety point of view, but also is priced competitively for the Indian healthcare industry.
"The company is looking to increase sales of motorised beds by 20% overall. Through the launch of Electra, we look forward to meet the growing demand of quality motorised beds in India and enter competitive global markets like Africa, Latin America and East Europe over the next 2 years, Midmark (India) Managing Director Sumeet Aggarwal said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
