Natco Pharma receives USFDA tentative approval for generic Lynparza tablets
Natco Pharma received USFDA tentative approval for generic Olaparib tablets, a version of AstraZeneca’s Lynparza. Natco will manufacture, Alembic will distribute in the US.
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Punjab & Sind Bank Q1 Results: Net profit rises 23.2% YoY, asset quality improves
Punjab & Sind Bank’s Q1 net profit rose 23.05% to ₹331 crore. Gross NPA declined to 2.21%, Net NPA to 0.65%. Total Business grew 15.27%.
Bhansali Engineering Polymers Q1 Results: Net profit jumps 42.9% YoY, revenue up 53.3%
BEPL reported a 42.9% rise in net profit to ₹66 crore and 53.3% revenue growth to ₹472.2 crore for Q1 FY27. It declared an interim dividend and is expanding its Abu Road plant.
IDBI Bank Q1 Results: Core income up 10% but margins under pressure
IDBI Bank’s net Advances for the quarter increased by 22% from last year to ₹2.58 lakh crore, while deposits grew by 10% to ₹3.25 lakh crore. On a sequential basis, advances were up 2%, while deposits were down 6%.
JK Cement Q1 Results: Revenue grows 20% but operating performance weak
JK Cement said it remains on track to scale grey cement capacity from 32.3 MTPA currently to 40 MTPA by FY28 and 50 MTPA by FY30, with planned capex of ₹5,000-6,000 crore over the next two years.
‘Just became a grandfather!’ – Outgoing Kotak Bank CEO Ashok Vaswani explains the reason behind his exit
Ashok Vaswani, outgoing Kotak Mahindra Bank CEO, stepped down for personal reasons, including the arrival of his grandchild. He cited the bank’s strong position and his “heavy lifting” work.
DSP Asset Managers bets on cyclicals, sees insurance as value play despite global uncertainty
DSP Asset Managers CIO Anish Tawakley explains why he expects India’s earnings cycle to remain strong despite higher crude prices, outlines his preference for cyclical sectors, shares his cautious view on IT and unsecured lending, and highlights insurance as one…
ICICI Bank Q1 Results: Core parameters deliver a beat on expectations with strong asset quality
ICICI Bank’s provisions for the quarter saw a sharp jump to ₹1,260 crore from just 96 crore in March, but were sharply lower on a year-on-year basis, as the base quarter had a provision figure of ₹1,814.5 crore.
India Cements Q1 Results: Profit returns to UltraTech unit on strong operating performance
Even as India Cements’ revenue growth figure was flat compared to last year, the company, now a unit of UltraTech, India’s largest cement producer, reported a strong operating performance during the June quarter.
NBCC to merge HSCC with itself – Here’s what it means for shareholders
This scheme between NBCC and HSCC will be approved by the Ministry of Corporate Affairs as both companies are state-run enterprises. A ‘no objection’ was already conveyed by the Department of Investment and Public Asset Management (DIPAM) on July 9…