 |
|
| Cadila gets USFDA nod for Meloxicam MUMBAI, July 20: Cadila Healthcare Ltd has received approval from the USFDA to market Meloxicam Tablets, which are used for treating pain and inflammation, in the US market............more PVR's Sahara mall multiplex to start from today MUMBAI, July 20: PVR Ltd today said its two screen multiplex at Sahara mall at Gurgaon in Haryana will start commercial operation from tomorrow........more BHEL bags Rs 46 cr order in Ethiopia NEW DELHI, July 20: State-run Bharat Heavy Electricals Ltd (BHEL) today said it has bagged a Rs 46 crore order to set up substations in Ethiopia......more Regional Bangla group asks Govt to sign Tata deal DHAKA, July 20: A regional Bangladeshi group has urged the Government to sign the three billion dollar investment deal with Indian conglomerate Tata, ....more |
|
RIL Q1 net up 10.25 pc at Rs 2,547
cr MUMBAI, July 20: Reliance Industries Ltd today posted a 10.25 per cent rise in net profit at Rs 2,547 crore for the quarter ended June 30, as compared to Rs ........more Kotak Mahindra Bank Q1 net up 22 pc at Rs 23.90 cr MUMBAI, July 20: Kotak Mahindra Bank Ltd today posted an increase of 21.50 per cent in net profit after tax at Rs 23.90 crore for the quarter ended June 30, as compared to Rs 19.67 crore for the .........more Canara Bank Q1 net up 2.15 pc at Rs 190.93 cr MUMBAI, July 20: Canara Bank today posted an increase of 2.15 per cent in net profit at Rs 190.93 crore for the quarter ended June 30, as compared to Rs .....more PPL posts
net profit of Rs BHUBANESWAR, July 20: After a decade of losses, Paradip Phosphates Ltd (PPL), India's second largest producer of phosphatic fertiliser..........more |
Cadila gets USFDA nod for Meloxicam MUMBAI, July 20: Cadila Healthcare Ltd has received approval from the USFDA to market Meloxicam Tablets, which are used for treating pain and inflammation, in the US market. The company received the approval to market the nonsteroidal anti-inflammatory drug in the strengths of 7.5 mg and 15 mg. Branded sales of Meloxicam Tablets in the US market in 2005, were pegged at 1.26 billion dollars, the company informed the Bombay Stock Exchange. This marks the sixteenth ANDA (Abbreviated New Drug Application) approval for the group since the commencement of filing process in FY 2003-04 and the group has filed 37 ANDAs and 40 DMFs (drug master files) so far, the company said. Meloxicam falls in the pain management segment and is used to relieve the symptoms of arthritis, primary dysmenorrhoea and as an analgesic. (PTI) |
 |
PVR's Sahara mall multiplex to start from today MUMBAI, July 20: PVR Ltd today said its two screen multiplex at Sahara mall at Gurgaon in Haryana will start commercial operation from tomorrow. The company informed the Bombay Stock Exchange that the two screen multiplex has been granted cinema operating licenses. With the opening of these two screens the total number of screens of the company in operation would go upto 70, it added. Earlier the company had got cinema operating licenses for the six screen multiplex at Nirmal Lifestyle Mulund, Mumbai, which started commercial operation from June 9, this year. The shares of the company were trading at Rs 218.15, up 1.11 per cent at the BSE. (PTI) |
|
BHEL bags Rs 46 cr order in Ethiopia NEW DELHI, July 20: State-run Bharat Heavy Electricals Ltd (BHEL) today said it has bagged a Rs 46 crore order to set up substations in Ethiopia. The contract for 230 KV sub-stations was awarded by Ethiopian Electric Power Corporation and is part of the electrification programme of the Ethiopian Government, a BHEL release said. BHEL's scope of work includes design, supply and commissioning of 230 JV Semera and Dichoto substations. The project is to be completed in 18 months. These substations would provide regular power supply to 382 towns in Afar state of the African country, the company said, adding the project is significant for the ongoing rural electrification in Ethiopia. (PTI) |
|
Regional Bangla group asks Govt to sign Tata deal DHAKA, July 20: A regional Bangladeshi group has urged the Government to sign the three billion dollar investment deal with Indian conglomerate Tata, saying it would have a "positive" impact on the country's northern region The Uttarbanga Janakalyan Samity (UJS), representing inhabitants of nothern Bangladesh, said it would form an human chain on August 8 to push the government to clear the way for Tata's investment. "The investment by the industrial giant will help change the life in the country's northern part, which has been deprived of the expected development," UJS President Khandaker Azadur Rahman said. "The Tata investment will definitely create a momentum in the whole region, we will see some more investments," he said adding "we have become totally frustrated and angry after Tata suspended its investment plan due to delay by the Government." Tata recently announced the "suspension" of its plan due to delays by the Bangladesh Government in giving a green signal to its investments. (PTI) |
|
RIL Q1 net up 10.25 pc at Rs 2,547 cr MUMBAI, July 20: Reliance Industries Ltd today posted a 10.25 per cent rise in net profit at Rs 2,547 crore for the quarter ended June 30, as compared to Rs 2,310 crore for the corresponding quarter in FY2005-06. Total income (net of excise) increased to Rs 24,566 crore for the first quarter in 2006-07, up 36.64 per cent from Rs 17,978 crore during Q1 FY05-06, the leading petrochemical firm informed the Bombay Stock Exchange. (PTI) |
Kotak Mahindra Bank Q1 net up 22 pc at Rs 23.90 cr MUMBAI, July 20: Kotak Mahindra Bank Ltd today posted an increase of 21.50 per cent in net profit after tax at Rs 23.90 crore for the quarter ended June 30, as compared to Rs 19.67 crore for the same quarter in 2005-06. The total income increased 73.43 per cent to Rs 306.52 crore for the first quarter ended June 30 from Rs 176.73 crore in the corresponding quarter a year ago, the bank informed the Bombay Stock Exchange. The group posted a profit after tax of Rs 104.43 crore for the quarter ended June 30, as compared to Rs 46.47 crore for the same quarter last fiscal. The total income of the group increased to Rs 776.58 crore for the first quarter ended June 30 from Rs 455.51 crore in the corresponding quarter a year ago. The shares of the bank were trading at Rs 265, up 8.19 per cent at the BSE. (PTI) |
|
Canara Bank Q1 net up 2.15 pc at Rs 190.93 cr MUMBAI, July 20: Canara Bank today posted an increase of 2.15 per cent in net profit at Rs 190.93 crore for the quarter ended June 30, as compared to Rs 186.90 crore for the same quarter in 2005-06. The total income increased 23.78 per cent to Rs 2770.95 crore for the first quarter ended June 30, from Rs 2238.58 crore in the corresponding quarter a year ago, the bank informed the Bombay Stock Exchange. The shares of the bank were trading at Rs 179.80, up 3.30 per cent at the BSE. (PTI) |
|
PPL posts net profit of Rs 12.7 cr after one decade BHUBANESWAR, July 20: After a decade of losses, Paradip Phosphates Ltd (PPL), India's second largest producer of phosphatic fertiliser, has earned a net profit of Rs 12.7 crore during FY 2005-06, due to an overall growth in production and sales, PPL's Managing Director S S Nandurdikar said today. The company's total sales during the year amounted to Rs 1,971.3 crore against Rs 1,595 crore during 2004-05, registering an increase of 23.6 per cent, he said. Central sector PPL was jointly taken over by Zuari Industries Ltd (of the K K Birla group) and OCP of Morocco with effect from March 1, 2002. After disinvestment in the company, there had been consistent focus on plant improvements and utilisation enabling the plant to produce 12.58 lakh tonnes of di-ammonium phosphate (dap) and complex fertilisers during 2005-06 as against 10.21 lakh tonnes in the preceeding year registering a 23 per cent growth. Sulphuric acid production during the year was 7.35 lakh tonnes against 6.39 lakh tonnes in the previous year recording a 15 per cent increase. Phosphoric acid, another intermediary product, registered a growth in production of 21 per cent with 2.58 lakh tonnes as against 2.13 lakh tonnes during 2004-05, Nandurdikar said. Sales, during 2005-06, touched a new high of 14.40 lakh tonnes comprising 12.68 lakh tonnes of PPL's own produced fertilisers and the balance of 1.72 lakh tonnes of muarate of potash (mop). (PTI) |
|
Mustard oil down in thin trade NEW DELHI, July 20: Mustard expeller oil eased in the wholesale oils and oilseeds market today after slowdown in buying by retailers against increased arrivals from producing belts and ended a shade lower. Elsewhere, other edible and non-edible oils remained unaltered on limited deals. Traders said considerable fall in demand from local parties in the face of increased arrivals from producing centres pulled down mustard expeller oil prices. Mustard expeller oil shed Rs 20 at Rs 4080 a quintal while mustard pakki and kachi ghani oils shed Rs 5 each at Rs 635-665 and Rs 700-825 per tin of 15 litre respectively. (PTI) |
High density polymer up on industrial demand NEW DELHI, July 20: High density polymer firmed in the wholesale plastic market today on pick up in demand from plastic molding units and ended moderately higher. Other polymers including low density (LD) and Polypropylene (PP), however, held unchanged. High density (HD) molding and HD molding (colour) traded Rs one each higher at Rs 74 and Rs 78 per kilo respectively. Following were today's quotations per kilo: LD No 40 - 79, LD No 400 - 84.00, LDP blowing 73, colour 67.50 HD Blowing 70,00 HD molding (deshi) 74, HD molding (colour) 78, PP No 100 73 ,PP Colour 81, ABS (Indian) 91,acrylic 120-130, colour 139-144, crystal (Indian) 69, colour 78, poly carbonate 195-205, Nylon No-6 159, Nylon No 66 -173-175, PVC resin deshi 50.00, PVC pest grade 64, imported n.A. (PTI) |
|
Quiet conditions at steel market NEW DELHI, July 20: There was no change in the trading pattern on the wholesale steel and iron market today with most of prices after moving in a tight range on some deals, settled around previous closing. Arrivals and offtake too remained at a low ebb and volume of business poor. Traders said negligible demand from stockists and engineering units amidst paucity of funds mainly kept prices unchanged. Following were today's quotations per tonne: CTD saria (kamdhenu) 8-mm, 27,850, 10-mm, 27,350, 12-mm 26,700, 16-20 mm 27,850 and 25-mm Rs 27,800. Rathi tor steel : 8-mm 27,300, 10-mm 26,800, 12-mm 26,200, 16-20 mm 26,665 and 25-32 mm 26,775. Saria Jai bharat (iso 9002) 8-mm 27,400, 10 mm 27,000 12-mm 26,400, 16 to 25 mm 26,800-26,900. Amba saria (iso-9002) 8-mm 26,600, 10-mm 26,300, 12-mm 25,900, 16-20-mm 26,100, 25mm 26,200. Amba shakti: (TMT) 8mm 27,300, 10 mm 26,500, 12 mm 25,900, 16 to 25 mm 26,100-26,200. M S Angle: (50x5) (50x6) 24,500, (25x3) (32x3) (40x3) 25,500, (40x5) (40x60) 24,700. Angle capital (ISI) (50X5) (50X6) 25,000, (40X5) (40x6) 531,400, (35X5) (65X6) 25,200. Girder (joist) (150x75) 26,500 (175x85) 26,700 (200x100) 23,500 (125x70) 26,800. T-IRON (40X5) (40X6)(50X6) 22,400. Ingot and Scrap: Mill
heavy 17,000-17,100 Turning boring 15,750-15,850, Cast
Iron 17,100-17,200, Motor parts 13,300-13,400, Rail
re-rolling 15,200-15,300 and ingot Bhivari 17,900. |
|
|
MUMBAI, July 20: Apparel manufacturer Raymond Ltd today reported a 38.27 per cent decline in net profit at Rs 11.61 crore for the quarter ended June 30, as compared to Rs 18.81 crore for the corresponding quarter in FY 05-06. However, total income (net of excise) rose 14.01 per cent to Rs 298.47 crore for the first quarter in 2006-07 from Rs 260.78 crore in Q1 FY 05-06, the company informed the Bombay Stock Exchange. "The capacity addition in the textile business and the partnerships forged with leading internatignal players will contribute significantly to the company's business in the coming years," the company's Chairman and Managing Director Gautam Hari Singhania said. Shares of the company, the country's leading producer of worsted suiting fabric, were down 1.93 per cent, trading at Rs 379 on the BSE today. (PTI) |
|
