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Zydus Cadila has received the tentative approval from the US Food and Drug Administration (USFDA) to market Apremilast Tablets (US RLD— Otezla) 10 mg, 20 mg, and 30 mg. This medication is used to treat a certain type of arthritis (psoriatic arthritis) and a certain type of skin condition (moderate to severe plaque psoriasis). It is also used to treat mouth sores in people who have Behcet‘s disease, a type of inflammatory disorder and helps to reduce the pain and improve the healing of these mouth sores.

It will be manufactured at the group’s manufacturing facility at SEZ, Ahmedabad. The group now has 276 approvals and has so far filed over 360 ANDAS since the commencement of the filing process in FY 2003-04.

Cadila Healthcare is an India-based pharmaceutical company. The company's subsidiaries include Zydus Wellness, Liva Pharmaceuticals, Biochem Pharmaceutical Industries, Zydus Technologies, German Remedies, Dialforhealth India, Dialforhealth Unity and Dialforhealth Greencross, among others.

Shalby has been conferred with ‘Medical Value Travel Specialist Hospital Award’ in the category - Orthopaedics (Joint Replacement) at Advantage Health Care India - 2019 Summit organized by the Ministry of Commerce and Industry, Government of India and FICCI at a function held during November 13, 2019 to November 15, 2019 at Greater Noida. 

Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa. To cater to specific needs of International Patients, the company has a dedicated International Patients Cell providing round the clock services to International Patients.

ICICI Bank is planning to organise 2,000 major loan camps this fiscal for on-the-spot approvals and exclusive manufacturer-led offers at semi urban and rural locations as well as corporate premises. The launch of 'Maha Loan Dhamaka' is an initiative to provide a bouquet of on-the-spot loan approvals and exclusive manufacturer-led offers, including Hyundai Motors India, in semi urban and rural locations, and at large corporate premises to individuals, including non-customers of the bank.

The Bank will provide a comprehensive bouquet of offerings and special packages on two and four wheelers, trucks, farming equipment and tractors, personal loan, gold loan and Kisan Credit Card at the mela. In large corporate premises, the bank offers instant approvals for loans -- home, personal, two and four wheeler, and credit cards.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

Tata Motors has raised funds through allotment of 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh aggregating to Rs 500 crore in three tranches on a private placement basis. The Company’s Board approved Committee at their meeting held on November 15, 2019, approved the same.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

The Sales for the quarter ended September 2019 of Rs. 0.00 million declined by -100.00% from Rs. 1.34 millions.The Total Profit for the quarter ended September 2019 of Rs. 33065720.40 millions grew from Rs.-26.52 millions Operating profit Margin for the quarter ended September 2019 improved to 33065720.40% as compared to -9.45% of corresponding quarter ended September 2018


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201909 201809 % Var 201909 201809 % Var 201803 201703 % Var
Sales 0.00 1.34 -100.00 1.34 216.26 -99.38 593.06 1474.31 -59.77
Other Income 33389741.90 0.00 0.00 33389748.34 10.97 304373175.66 1.15 0.08 1337.50
PBIDT 33065720.40 -9.45 -349901903.17 33065512.19 -549.03 -6022632.87 -297.86 159.44 -286.82
Interest 0.00 12.96 -100.00 25.93 95.75 -72.92 84.29 72.23 16.70
PBDT 33065720.40 -22.41 -147549053.15 33065486.26 -644.79 -5128201.59 -382.15 87.21 -538.20
Depreciation 0.00 4.11 0.00 16.34 91.70 -82.18 105.20 76.32 37.84
PBT 33065720.40 -26.52 -124682303.62 33065469.92 -736.49 -4489702.02 -487.35 10.89 -4575.21
TAX 0.00 0.00 0.00 0.67 7.36 -90.90 0.00 13.06 0.00
Deferred Tax 0.00 0.00 0.00 0.00 7.36 0.00 0.00 9.70 0.00
PAT 33065720.40 -26.52 -124682303.62 33065469.25 -743.85 -4445279.71 -487.35 -2.17 22358.53
Equity 0.00 360.29 0.00 360.29 360.29 0.00 360.29 360.29 0.00
PBIDTM(%) 0.00 -705.22 0.00 2467575536.57 -253.87 -971964860.83 -50.22 10.81 -564.41

Tata Steel’s step-down subsidiary -- NatSteel Holdings Pte has concluded the sale its entire equity stake in NatSteel Vina (NSV) to a Vietnam-based company for Rs 36 crore.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

Reliance Communications has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 2733 crore for the quarter under review against net profit of Rs 6798 crore for the same quarter in the previous year. Total income of the company decreased by 37.33% at Rs 225 crore for Q2FY20 as compared Rs 359 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 1374 crore for the quarter under review as against net profit of Rs 1306 crore for the same quarter in the previous year. Total income of the company decreased by 69.92% at Rs 305 crore for Q2FY20 as compared Rs 1014 crore for the corresponding quarter previous year.


Hinduja Global Solutions’ (HGS) subsidiary -- Hinduja Global Solutions UK has acquired an additional 14.33% equity interest in the ‘Element Solutions LLC, USA’ in accordance with the purchase agreement entered on March 29, 2018. After this acquisition, Hinduja Global Solutions UK’s equity interest in Elements Solutions LLC, USA has increased to 71.33%.

HGS is a global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day.

PPAP Automotive through its wholly-owned subsidiary (WOS) -- Elpis Components Distributors is expanding its business opportunities into new markets in the field automotive components and accessories. The company has commenced its operations from November 15, 2019.

PPAP Automotive is a leading manufacturer of high quality automotive sealing systems and exterior products in India. PPAP has an experienced engineering team, which is capable of designing and manufacturing products based on customer specifications.

Karnataka Bank has launched CASA campaign of FY 2019-20 a nationwide account mobilization campaign starting from November 15, 2019 to February 29, 2020. During this campaign bank intends to mobilize more than 4.18 lakh current and savings accounts by active involvement of its 8000 plus work force in all the 846 branches across India.

Bank offers host of savings / current account schemes loaded with multiple add-on facilities / services to suit the needs of varied segments. To ensure round the clock banking experience to its valued customers, Bank is extending various user-friendly digital channels such as Internet Banking, Mobile Banking (KBL Mobile), KBL BHIM UPI App, KBL ApnaApp, SMS Banking, Debit / Credit Cards etc.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

HIL has added additional capacities and commenced the production of its CpVC, UpVC and SWR (Soil, Waste & Rain) Pipes at its plant located at Thimmapur in the state of Telangana. This is in line with the company’s intention to expand the plumbing solutions business with an extended portfolio.

The company continues to diversify and invest from its traditional lines of business and expects healthy traction in the piping solutions, green roofing solutions and flooring solutions segments.

HIL is a leading player in asbestos cement sheet (ACS) for roofing, from which it derives 70 per cent of its revenue at present.

Oriental Veneer Products along with its subsidiary -- Oriental Foundry -- has reported total orders in hand of Rs 560 crore from ‘Indian Railways’ and vendors thereof.

Oriental Veneer Products is engaged in the manufacturing of wood-based resin impregnated densified laminated boards.

Asian Oilfield Services has entered into a share purchase agreement for acquisition of 51% of equity share capital of Optimum Oil & Gas from its existing shareholder. The Company currently holds 23% of equity share capital of Optimum Oil & Gas.

On completion of all closing formalities, Optimum will become a subsidiary of the Company with 74% holding. The indicative time period for completion of the acquisition is on or before November 30, 2019.

Asian Oilfield Services provides range of services to reputed national and multinational companies. The company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.

Bhagiradha Chemicals & Industries has received temporary revocation of the stop production order from the Pollution Control Board of Andhra Pradesh (APPCB). The operations in the factory have been re-started on November 15, 2019.

Earlier, APPCB, after an inspection, had asked the company to stop production activity, effective from September 12, 2019 in the company’s facility at Cheruvukommupalem village, Prakasam District in the state of Andhra Pradesh.

Bhagiradha Chemicals & Industries is into the business of manufacturing high quality basic pesticides.

Unichem Laboratories has received ANDA approval for its Buspirone Hydrochloride Tablets USP, 5 mg, 10 mg, 15 mg, and 30 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Bristol-Myers Squibb Company (BMS), Buspar Tablets, 5 mg, 10 mg, 15 mg, and 30 mg.

Buspirone Hydrochloride Tablets are indicated for the management of anxiety disorders or the short-term relief of the symptoms of anxiety. The Product will be commercialized from Unichem's Ghaziabad Plant.

Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world.

The sales for the September 2019 quarter moved down to Rs. 9937.19 millions as compared to Rs. 12957.36 millions during the year-ago period.The Net Loss for the quarter ended September 2019 is Rs. -3847.25 millions as compared to Net Profit of Rs. 430.87 millions of corresponding quarter ended September 2018Operating profit Margin for the quarter ended September 2019 slipped to -3660.53% as compared to 750.80% of corresponding quarter ended September 2018


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201909 201809 % Var 201909 201809 % Var 201903 201803 % Var
Sales 9937.19 12957.36 -23.31 22717.22 24958.85 -8.98 53177.54 50665.78 4.96
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBIDT -3660.53 750.80 -587.55 -2907.28 1352.38 -314.98 2843.58 1989.26 42.95
Interest 167.98 205.01 -18.06 371.61 386.87 -3.94 809.14 743.97 8.76
PBDT -3828.51 545.79 -801.46 -3278.89 965.51 -439.60 2034.44 1245.29 63.37
Depreciation 18.74 16.31 14.90 37.48 36.38 3.02 81.78 80.28 1.87
PBT -3847.25 529.48 -826.61 -3316.37 929.13 -456.93 1952.66 1165.02 67.61
TAX 0.00 98.61 0.00 101.65 176.54 -42.42 371.00 318.16 16.61
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -3847.25 430.87 -992.90 -3418.03 752.59 -554.17 1581.66 846.86 86.77
Equity 736.10 736.10 0.00 736.10 736.10 0.00 736.10 736.10 0.00
PBIDTM(%) -36.84 5.79 -735.73 -12.80 5.42 -336.19 5.35 3.93 36.19
The sales for the September 2019 quarter moved down -32.63% to Rs. 2250.00 millions as compared to Rs. 3340.00 millions during the year ago period.The Net Loss for the quarter ended September 2019 is Rs. -27330.00 millions as compared to Net Profit of Rs. 67980.00 millions of corresponding quarter ended September 2018 Operating profit Margin for the quarter ended September 2019 improved to -680.00% as compared to -240.00% of corresponding quarter ended September 2018


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201909 201809 % Var 201909 201809 % Var 201903 201803 % Var
Sales 2250.00 3340.00 -32.63 4610.00 7380.00 -37.53 13790.00 22310.00 -38.19
Other Income 0.00 250.00 0.00 0.00 250.00 0.00 860.00 0.00 0.00
PBIDT -680.00 -240.00 183.33 -1180.00 -80.00 1375.00 -300.00 2640.00 -111.36
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBDT -26760.00 89400.00 -129.93 -27260.00 89560.00 -130.44 89340.00 2640.00 3284.09
Depreciation 570.00 540.00 5.56 1140.00 1110.00 2.70 2770.00 2000.00 38.50
PBT -27330.00 88860.00 -130.76 -28400.00 88450.00 -132.11 86570.00 640.00 13426.56
TAX 0.00 20880.00 0.00 0.00 20880.00 0.00 35580.00 10.00 355700.00
Deferred Tax 0.00 20880.00 0.00 0.00 20880.00 0.00 35580.00 0.00 0.00
PAT -27330.00 67980.00 -140.20 -28400.00 67570.00 -142.03 50990.00 630.00 7993.65
Equity 13830.00 13830.00 0.00 13830.00 13830.00 0.00 13830.00 13830.00 0.00
PBIDTM(%) -30.22 -7.19 320.59 -25.60 -1.08 2261.30 -2.18 11.83 -118.38
The Total revenue for the quarter ended September 2019 of  Rs. 1228.40 millions remain, more or less, the same.The company almost doubled its revenue to Rs. 191.54 millions  from Rs. 79.26 millions in the quarter ended September 2019.Operating Profit reported a sharp decline to 175.07 millions from 184.14 millions in the corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201909 201809 % Var 201909 201809 % Var 201903 201803 % Var
Sales 1228.40 1177.02 4.37 3630.55 3294.75 10.19 5070.58 5201.40 -2.52
Other Income 24.62 38.20 -35.55 48.38 72.00 -32.81 125.85 74.35 69.27
PBIDT 175.07 184.14 -4.93 805.46 710.86 13.31 791.97 534.43 48.19
Interest 27.96 29.48 -5.16 65.24 64.24 1.56 139.22 152.22 -8.54
PBDT 147.11 154.66 -4.88 740.22 646.63 14.47 652.75 382.21 70.78
Depreciation 46.51 40.98 13.49 95.19 83.46 14.05 165.99 159.84 3.85
PBT 100.60 113.68 -11.51 645.03 563.17 14.54 486.76 222.37 118.90
TAX -90.94 34.42 -364.21 98.59 195.32 -49.52 171.92 73.92 132.58
Deferred Tax -62.71 -3.32 1788.86 -63.51 -0.46 13706.52 13.08 13.12 -0.30
PAT 191.54 79.26 141.66 546.44 367.84 48.55 314.84 148.45 112.08
Equity 71.88 71.88 0.00 71.88 71.88 0.00 71.88 71.88 0.00
PBIDTM(%) 14.25 15.64 -8.90 22.19 21.58 2.83 15.62 10.27 52.01
The sales slipped to Rs. 2703.50 millions for the September 2019 quarter as against Rs. 3218.40 millions during the year-ago period.The Net Loss for the quarter ended September 2019 is Rs. -23344.50 millions as compared to Net Loss of Rs. -3823.00 millions of corresponding quarter ended September 2018Operating profit for the quarter ended September 2019 rose to 1268.30 millions as compared to 681.50 millions of corresponding quarter ended September 2018.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  201909 201809 % Var 201909 201809 % Var 201903 201803 % Var
Sales 2703.50 3218.40 -16.00 5638.00 6562.90 -14.09 12772.00 18685.10 -31.65
Other Income 44.90 287.60 -84.39 219.50 357.80 -38.65 685.90 666.30 2.94
PBIDT 1268.30 681.50 86.10 1949.80 1113.20 75.15 7379.70 2015.60 266.13
Interest 3824.60 3851.50 -0.70 8140.20 7537.90 7.99 15591.00 15689.70 -0.63
PBDT -22798.50 -3393.70 571.79 -24610.50 -7561.40 225.48 -4900.20 -93090.80 -94.74
Depreciation 546.00 429.30 27.18 1022.50 815.90 25.32 1775.80 5329.10 -66.68
PBT -23344.50 -3823.00 510.63 -25633.00 -8377.30 205.98 -6676.00 -98419.90 -93.22
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -23344.50 -3823.00 510.63 -25633.00 -8377.30 205.98 -6676.00 -98419.90 -93.22
Equity 19549.30 19549.30 0.00 19549.30 19549.30 0.00 19549.30 19549.30 0.00
PBIDTM(%) 46.91 21.18 121.55 34.58 16.96 103.89 57.78 10.79 435.64

The Indian Wood Products Company (IWP) has decided to discontinue the job work operation at Kundli unit with effect from December 15, 2019, as a part of cost reduction measures, potential to enhance the production level at Jammu & Kashmir and Bareilly units and the availability of quality timber in Jammu & Kashmir.

The production at Jammu & Kashmir and Bareilly units shall be increased to compensate the production loss of Kundli unit. The shifting of production will result in increase in production of Quality Katha, and reduction in logistic, administrative and overall production cost.

The Indian Wood Products Company is engaged in the manufacture of Katha, cutch, and catechins in India.

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