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source : sgxnifty dot org

 

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Dabur India launches mobile honey-testing lab

The company’s mobile honey-testing lab will offer rapid and cost-effective services to test the quality of honey from the source, thereby cutting off adulteration

Dabur India has launched an on-the-wheels lab to test honey so as to help reduce adulteration and ensure greater purity of the product. With the help of the mobile honey-testing lab, bee-keepers can now test the purity of their honey and avoid adulteration.

The mobile honey-testing lab was flagged off from Dabur Research and Development Centre in Sahibabad. The company’s mobile honey-testing lab will offer rapid and cost-effective services to test the quality of honey from the source, thereby cutting off adulteration.
source: ventura

 

Glenmark Pharmaceuticals receives EIR for Ankleshwar plant

The EIR is issued by the USFDA only if it finds the facility to be deemed acceptable

Glenmark Pharmaceuticals has received the EIR (Establishment Inspection Report) for its Ankleshwar plant. The EIR is issued by the US Food and Drug Administration (USFDA) only if it finds the facility to be deemed acceptable.

The company has recently has received USFDA clearance for its Investigational New Drug (IND) application to begin a Phase 2 study of GSP 304 (tiotropium bromide) for administration by nebulization for the long term, once-daily, maintenance treatment of bronchospasm associated with chronic obstructive pulmonary disease (COPD).

Glenmark Pharmaceuticals is a global innovative pharmaceutical company with operations in more than 80 countries. It has a diverse pipeline with several compounds in various stages of clinical development primarily focused in the areas of oncology, respiratory disease, and dermatology.
source: ventura

 

Heritage Foods commissions 1st cattle feed plant in Andhra Pradesh
source : moneycontrol

 

Heritage Foods commissions first Cattle Feed Plant in Andhra Pradesh

The successful commissioning has been possible due to the unstinted efforts by the Heritage Team and Several Vendors

Heritage Foods (HFL) has commissioned first Cattle Feed Plant located at APIIC industrial area, Gollapuram (Vill), Hindupur (Mandal), Anantapur District in Andhra Pradesh on March 15, 2017. This is fully automatic cattle feed plant with latest technology with a capacity of 200 Tons Per Day.

The successful commissioning of the plant has been possible due to the unstinted efforts by the Heritage team and several vendors. This plant can provide high quality and nutrient cattle feed to the cattle of the farmers for further improvement of their living.

Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Daily, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
source: ventura

 

INFOSYS Q4 cons PAT Rs.3603cr vs Rs.3597cr yoy, vs Rs.3708cr qoq

 

Zuari Agro Chemicals resumes production at Urea/Ammonia plants

Earlier on March 19, 2017, the company shut down its Urea/Ammonia Plants for annual maintenance
Zuari Agro Chemicals has resumed production at its Urea/Ammonia plants. Earlier on March 19, 2017, the company shut down its Urea/Ammonia Plants for annual maintenance.

Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
source: ventura

 

Dish TV expects to complete merger with Videocon Group’s DTH arm by October 2017

The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry
Dish TV is expecting to complete the merger with Videocon Group’s direct-to-home (DTH) arm Videocon d2h by October this year after receiving necessary regulatory approvals. The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry.

Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers. The merged entity will be renamed as Dish TV Videocon. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.

At present, out of Dish TV’s 15.5 million subscriber base, around 35 per cent are from top 100 cities and the rest 65 per cent are from small towns and rural markets.
source: ventura

 

Solar tariffs fall to record low at NTPC auction

The project has been awarded to the Indian arm of French clean energy firm Solairedirect SA which quoted levelised tariff of Rs 3.15/KWh
Solar tariffs in India reduced to yet another record low at the NTPC-conducted auction of 250 MW at the Kadapa Solar Park in Andhra Pradesh. The project has been awarded to the Indian arm of French clean energy firm Solairedirect SA which quoted levelised tariff of Rs 3.15/KWh. The earlier record of Rs 3.30 per unit levelised tariff for Rewa Ultra Mega Solar Power Project in Madhya Pradesh has been broken by NTPC.

At current rates, solar power generation cost is at par with that of thermal power generation. Solar power tariff has been declining on account of sharply declining prices of solar panels, better structuring of the project that reduces risk for project developers and better currency hedging deals that make financing available at competitive cost. This is a shot in the arm for the Prime Minister Narendra Modi’s vision of providing 175 GW of power through renewable sources by 2022.
source: ventura

 

Apollo Tyres to increase market share to 3.5% from 2.5% in Europe: Report

The company is also planning to start supplying to major brands, including Volkswagen and Mercedes-Benz
Apollo Tyres is reportedly planning to increase its market share to 3.5 percent from current 2.5 percent in the next two-three years in Europe. The company is also planning to start supplying to major brands, including Volkswagen and Mercedes-Benz. It said the US would be its next stop for building brands.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
source: ventura

 

Alembic Pharmaceuticals successfully completes USFDA inspection at Baroda facility

There were no 483s issued by USFDA at the end of the inspection
Alembic Pharmaceuticals’ Bioequivalence facility located at Baroda was successfully inspected by US Food & Drug Administration (USFDA) between March 06, 2017 & March 10, 2017, between March 13, 2017 and March 17, 2017 and between April 10, 2017 to April 12, 2017 for Bioequivalence Clinical, Bioequivalence Bioanalytical and Pharmacovigilance. There were no 483s issued by USFDA at the end of the inspection.

Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907. The company manufactures and markets generic pharmaceuticals products all over the world.
source: ventura

 

Tata Power achieves 100% Cashless Payments

Tata Power now makes payments to all its vendors and employees through digital payment modes or via their bank accounts directly or through cheques
Tata Power, India's largest integrated power company, has achieved complete zero cash payables. The company is working towards bringing down cash collections from its electricity customers albeit with regulatory support. This initiative by Tata Power complements the call given by Government of India to use digital and banking means to pay its employees, contractors and associates.

As part of this initiative of promoting cashless payments, Tata Power now makes payments to all its vendors, and employees through digital payment modes or via their bank accounts directly or through cheques. No cash is paid even for sundry advances. On the customers’ collection front, Tata Power is looking to reduce its cash intake by implementing initiatives such as ATPM (Automatic Payment machine) Machine to receive cash, Bharat bill payment system (BBPS) and UPI (Unified payment Interface), etc.

India is currently in the middle of an all-out movement to digitalize the way transactions are paid; and Tata Power is at the forefront of this campaign.
source: ventura

 

PNC Infratech receives Financial Closure for Dausa-Lalsot-Kauthun section

This Project is being implemented by PNC Rajasthan Highways, SPV incorporated by the company
PNC Infratech has received letter from National Highways Authority of India (NHAI) regarding the achievement of Financial Closure on April 03, 2017 for the project four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model. This Project is being implemented by PNC Rajasthan Highways, Special Purpose Vehicle (SPV) incorporated by the company.

PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
source: ventura

 

Tata Metaliks reports 5% rise in Q4 net profit

Total income from operations of the company increased by 9.22% at Rs 414.96 crore for quarter under review
Tata Metaliks has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a rise of 5.08% in its net profit at Rs 40.36 crore for the quarter ended March 31, 2017 as compared to Rs 38.41 crore for the same quarter in the previous year. Total income from operations of the company increased by 9.22% at Rs 414.96 crore for quarter under review as compared to Rs 379.93 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has reported a rise of 3.37% in its net profit at Rs 116.05 crore as compared to Rs 112.27 crore for the same period in the previous year. Total income from operations of the company increased marginally by 1.43% at Rs 1410.09 crore for year under review as compared to Rs 1390.21 crore for the period ended March 31, 2016.
source: ventura

 

IDFC Bank reports 7% jump in Q4 net profit

Total income of the Bank increased by 16.71% at Rs 2279.65 crore for quarter under review
IDFC Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has posted a rise of 6.60% in its net profit at Rs 175.95 crore for the quarter ended March 31, 2017 as compared to Rs 165.06 crore for the same quarter in the previous year. Total income of the Bank increased by 16.71% at Rs 2279.65 crore for quarter under review as compared to Rs 1953.20 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted a jump of over twofold in its net profit at Rs 1019.74 crore as compared to Rs 466.85 crore for the same period in the previous year. Total income of Bank increased 135.58% at Rs 9545.83 crore for year under review as compared to Rs 4052.03 crore for the period ended March 31, 2016.
source: ventura

 

DSP Blackrock Mutual Fund sells 7 lakh shares of Indian Terrain Fashions

The shares were sold on an average price of Rs 200 valuing the transaction to Rs 14 crore
DSP Blackrock Mutual Fund has sold 7 lakh shares of Indian Terrain Fashions through the open market route. The shares were sold on an average price of Rs 200 valuing the transaction to Rs 14 crore.

On the other hand, Reliance Mutual Fund a/c Reliance Equity Savings Fund bought 2,00,000 shares at Rs 199.78 and Reliance Mutual Fund a/c. Small Cap Fund bought 4,00,000 shares at Rs 199.78.

Indian Terrain Fashions is engaged in the business of manufacture and sale of apparel. The Company's geographical segments are Domestic, which includes sales to customers located in India, and International, which includes sales to customers located outside India.
source: ventura

 

Nucleus Software gets nod for buyback of shares

The promoters/promoter groups of the company do not intend to participate in the proposed buyback
Nucleus Software Exports has received its board’s approval for buyback of shares at a price not exceeding Rs 350 per share via tender offer. The promoters/promoter groups of the company do not intend to participate in the proposed buyback.

Meanwhile, the company reported a healthy 578.6% year-on-year (YoY) growth in its consolidated net profit at Rs 22.26 crore for the fourth quarter ended March 31, 2017 (Q4FY17). Total income from operations grew marginally by 1% at Rs 93.69 crore against Rs 92.73 crore in the corresponding quarter of previous fiscal.
source: ventura

 

Heritage Foods to add five more milk processing plants:

The company will invest Rs 150 crore
Heritage Foods is reportedly planning to add five more milk processing plants in the next five years as part of its strategy to achieve $1-billion turnover by 2022. In this regards, the company will invest Rs 150 crore. The investments would be met through debt financing and internal accruals.

The company is looking to increase the capacities of existing 14 plants, which together have a milk processing capacity of nearly 19 lakh litres of milk a day. The company is planning to increase capacities of nearly 50,000-70,000 litres a day each.

Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Dairy, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
source : ventura

 

Reliance Industries plans to invest $2.8 billion in Jio business

The company reported a rise of 12.26% in its consolidated net profit at Rs 8,046 crore for the quarter ended March 31, 2017
Reliance Industries (RIL) is planning to invest a further $2.8 billion on its Jio telecom business in the current quarter, taking its investment in the venture to more than $30 billion. Reliance Jio racked up 108.9 million subscribers by the end of March 2017.

Recently, the company reported a rise of 12.26% in its consolidated net profit at Rs 8,046 crore for the quarter ended March 31, 2017 as compared to Rs 7,167 crore for the corresponding quarter in the FY16. For the year ended March 31, 2017, on the consolidated basis, the company has posted marginal rise of 0.52% in its net profit at Rs 29,901 crore as compared to Rs 29,745 crore in the previous year.
source : ventura