Crompton Greaves: The company reported a consolidated net loss of Rs 10.41 crore in quarter ended on September 30, 2016. The group had a net profit of Rs 10.58 crore for the quarter ended September 30, 2015.
Divi’s Laboratories: Drug firm Divi’s Laboratories on Wednesday said the US health regulator has made five observations after inspection of its manufacturing plant at Visakhapatnam in Andhra Pradesh.
Tata Steel, Adani Ports: A Tata Steel subsidiary has sold its tug services firm to Adani Ports and Special Economic Zone (APSEZ) for Rs 106 crore in an all-cash deal.
Polaris: IT company Polaris Consulting & Services posted a decline of 27.88 per cent in consolidated net profit at Rs 41.14 crore for the three-month period ended on September 30, 2016, and announced that its CEO Jitin Goyal has quit.
IOC, BPCLBSE 0.81 %, HPCL: Indian Oil Corporation, Bharat Petroleum CorporationBSE 0.81 % and Hindustan PetroleumBSE 1.06 % Corp on Wednesday signed a pact to build India’s biggest oil refinery at a cost of $30 billion on the west coast.
Results Today: Steel Authority ofBSE 3.37 % India, MMTC, Finolex IndustriesBSE 0.24 % and Claris Life Sciences will announce their financial results for the quarter ended September 30, 2016 on Thursday.
Prestige Estates: For the quarter ended September 30, 2016, the company reported a consolidated net profit of Rs 64.51 crore, down 58.24 per cent, against Rs 154.47 crore in the corresponding quarter last year.
Sun Pharmaceutical: Sun Pharmaceutical said the United States health regulator has issued an observation letter after the completion of its Halol facility inspection.
Pharma companies: US President-elect Donald Trump in an interview with the Time magazine said he would bring down prescription drug prices. Domestic drug makers generate a significant percentage of their revenues from the US market.