Kwality Ltd: Dairy firm Kwality on Monday reported a 12 per cent increase in its net profit at Rs 42.07 crore for the second quarter of this fiscal. The company’s net profit stood at Rs 37.50 crore in the year-ago period.
DLF: Realty major DLF’s net debt has increased by Rs 1,021 crore in the second quarter of this fiscal to Rs 23,140 crore as housing sales remained sluggish. According to an analyst presentation, the net debt of DLF — the country’s largest real estate firm — increased to Rs 23,140 crore at the end of July-September quarter of 2016-17, from Rs 22,120 crore in the previous quarter.
Sun Pharma: Pharma major Sun Pharmaceutical and Israel-based Moebius Medical on Monday announced signing an exclusive global licensing deal to develop liposomal non-opiod pain product for osteoarthritis.
Earnings Today: Amtek Auto, Bajaj Hindusthan Sugar Ltd, Coal IndiaBSE 0.08 %, Den Networks and Noida Toll Bridge Company will announce their financial results for the quarter ended September 30, 2016 on Tuesday.
Fortis Healthcare: Malvinder and Shivinder Singh are in discussions with private equity group TPG Capital to sell a significant minority shareholding in Fortis Healthcare, the country’s second-largest private hospital chain.
Axis Bank: Private sector Axis Bank today said it has proposed to raise Rs 3,500 crore by issuing bonds to fund business growth.
Tata Motors: According to reports, global financial services firm Morgan Stanley will purchase 50 million shares (1.73 per cent stake) in the auto major on behalf of an undisclosed client on Tuesday. Tata Motors on Monday also said that it will hike the prices of its passenger vehicles between Rs 5,000 and Rs 25,000 due to the impact of various macro-economic factors. The price increase will be effective from January 1.
Glenmark Pharma: Glenmark Pharmaceuticals Inc., USA, on Monday announced launch of generic version of Zetia in the US market.
3I Infotech: The company has issued $42.44 million 2.5% convertible bonds due 2025 in exchange for the existing bonds.
Nahar Industrial Enterprises: For the quarter ended September 30, 2016, the company reported a net profit of Rs 30.21 crore, up 1,395 per cent, against Rs 2.02 crore in the corresponding quarter last fiscal.
Sunteck Realty: The company has informed bourses that the board of directors on December 12, 2016, has approved the transfer of its step-down subsidiary -Denise Realties Private Limited to Thaler Developers Private Limited.