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Maruti Suzuki India Ltd, India's top-selling car producer, reported on Tuesday (28th June) that their first-quarter net profit increased by 56 percent helped by lower costs, favorable foreign exchange rates and higher sales, but still failed to meet persuasive bullish analyst estimates. On 1st July 2016 the Maruti shares price were trading at Rs. 4163. Operated by Japan's Suzuki Motor Corp, Maruti said that their profit for the April-June quarter was 11.9 billion rupees ($185.94
India's fifth largest private sector bank, Yes bank has pledged GBP 1 Million to the London School of Economics and Political Science (LSE) to support the IG Patel Chair named in honour of the former Governor of the RBI and former Director of LSE. Yes Bank outshines Bank Nifty Meanwhile, Yes bank share price Rs 1,121.00. This marked a growth of 1.26 per cent in the share price intra
Adani Transmission share price increases by an impressive 6.59% as it announced the signing of Definitive Agreements with GMR Energy Ltd. to acquire 74% shares of Maru Transmission Service Company Limited (MTSCL) and 49% shares of Aravali Transmission Service Company Limited (ATSCL). The agreement will be signed with an option to acquire 100% in a manner that is consistent with Transmission Service Agreement and applicable consents. The Equity value for 100% stake in the both the projects is ascri
In filing to the National Stock Exchange announced that it has entered into a strategic partnership withiSign Solutions Inc. iSignis a supplier of electronic signature and other software solutions enabling secure and cost-effective management document-based transactions. Majesco on the other hand is a global provider of core insurance software, consulting and services for insurance business transformation. On the share price front,
aspires to reckon value to all its stakeholders and emerge to be the best-in-class' bank by doubling their profits, clients and branches in the next three years. IndusInd Bank boasts to have more than 1000 branches and around 1,800 ATMs, evenly spread across the country. IndusInd Bankhas planned to launch an integrated advertising campaign to reveal its ingenious service Fingerprint Banking'. It is the first bank to activate this service which wou
Great Eastern Shipping Company has taken the delivery of a new building Kamsarmax Dry Bulk Carrier. The carrier is named Jag Ajay' and can carry approx 82,000 tons of weight safely. The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co, P.R.China. After being in possession of this vessel, the company's current fleet stands at 33 vessels, comprising 23 tankers and ten dry bulk carriers. The fleet of tankers includes seven crude carriers, 14 product tanker
Nifty expected to hold strong as Global Markets rally. Small Cap breaks out above its 5 month high of 5758. Stock Market Today by Shailesh Saraf.
State-run UCO Bank, which recorded a net loss in the last financial year on account of high provisions to cover bad loans, is expected to return to profitability by the coming financial year. UCO Bank share price closed at Rs 43.30, up by 2 points. The MD and CEO of UCO Bank R.K. Takkar said that the Bank is expecting to return to profitability by 2017-18. He added that the lender is focusing on "pro-active management of asset health" through close monitoring of loan accounts and will go all out t
On 30th June 2015, one of the leading Pharma companies of the country, Torrent Pharma, has entered into a binding agreement for acquiring the API manufacturing unit of Hyderabad base Glochem Industries Limited. This Vizag unit will be acquired along with a few Drug Master Files (DMF) as a going concern on slump sale basis.Torrent Pharma, as on this day, has five formulation manufacturing units and after this acquisition, it will have 3 API facilities for regulated markets in future.
MS Unnikrishnan, MD & CEO of Thermax, in a conversation, stated that Brexit would have short-term ramifications and admitted that short-term impact will mean 'aberrations' for Thermax, but it won't be substantial. He also added that there is hardly any major capacity addition happening elsewhere. The European Union contributes 7-8 percent of overall revenues and about 30-32 percent income for Thermax comes from South East Asia and the Middle East, Europe, Africa and rest of the world. China contributes Rs 75 crore income,
