Axis Bank's net profit dropped 43.13% to Rs 1225.10 crore on 4.33% rise in total income to Rs 14181.31 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 26 April 2017.
The ratio of gross NPAs to gross advances stood at 5.04% as on 31 March 2017 as against 5.22% as on 31 December 2016 and 1.67% as on 31 March 2016. The ratio of net NPAs to net advances stood at 2.11% as on 31 March 2017 as against 2.18% as on 31 December 2016 and 0.7% as on 31 March 2016.
Kotak Mahindra Bank and Maruti Suzuki India will announce Q4 results today, 27 April 2017.
Infosys announced that it has launched Infosys Nia- The Next Generation integrated artificial intelligence platform. The announcement was made after market hours yesterday, 26 April 2017.
Infosys Nia converges the big data/analytics, machine learning, knowledge management, and cognitive automation capabilities of Mana; end-to-end RPA capabilities of AssistEdge; advanced, high-performanceand scalable machine learning capabilities of Skytree; and optical character recognition (OCR), natural language processing (NLP) capabilities and infrastructure management services. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs.
Reliance Industries (RIL) announced that it has entered into a license agreement with Germany's Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood, a natural fiber polymer composite in India. The compound will be the raw material for the production of sheets & various profiles used in a wide range of wood & plywood replacement applications. The announcement was made after market hours yesterday, 26 April 2017.
Shares of Cadila Healthcare will be in focus after the company received the final approval from the USFDA to market Cholestyramine for Oral Suspension USP, 4 gram per scoopful. It is indicated as an adjunctive therapy to the diet for the reduction of elevated serum cholesterol in patients with primary hypercholesterolemia (elevated low density lipoprotein [LDL] cholesterol) who do not respond adequately to diet. Cholestyramine will be produced at the group's formulations manufacturing facility at Baddi. The group has now more than 110 approvals and has so far filled over 300 ANDAs since the commencement of the filling process in FY 2003-2004. The announcement was made after market hours yesterday, 26 April 2017.
Petron Engineering Construction has received work order from Guruashish Construction, HDIL Towers, Bandra (East), Mumbai, for building structure works at Goregaon (West), Mumbai for a total value of Rs 110 crore (approx). The announcement was made after market hours yesterday, 26 April 2017.
Jubilant industries said that the National Green Tribunal ('NGT') in a hearing on 26 April 2017 in a case relating to the pollution of the river Ganga and drainage canals leading into the river Ganga, has, by way of an oral pronouncement, ordered 13 industrial units situated in Gajraula near the river Bagad to immediately cease operations.
The order of the NGT applies to the units of company's wholly owned material subsidiary, Jubilant Agri & Consumer Products Limited (JACPL) in Gajraula. A committee has been set up by the NGT to inspect amongst other things, the discharge of effluents by the affected industrial units and to provide a report. Each industry has been given an opportunity to respond to the report with an action plan to resolve any deficits identified by the committee, in order to resume operations, within a week of submission of the report.
While a written order of the NGT is awaited, JACPL will comply with the oral order of the NGT and will file its response to the report as submitted by the committee, along with an action plan to resolve deficits identified by the committee, if any, before the NGT shortly.
JACPL is environmentally conscious and as a good corporate citizen, is taking all necessary steps in this regard. JACPL operates its manufacturing facilities in Gajraula with zero liquid discharge and in compliance with all applicable laws and it is confident of meeting any requirements that the NGT may prescribe and resuming operations of its industrial units at Gajraula at the earliest. The announcement was made before market hours today, 27 April 2017.
Somany Ceramics announced that expansion of sanitaryware plant of Somany Sanitary Ware Private Limited, a company's subsidiary is successfully completed and commercial production has commenced from 26 April 2017. As a result of this expansion, the capacity of plant has increased from 3.03 lacs pieces per annum to upto 11.50 lacs (1.15 million) pieces per annum. The announcement was made after market hours yesterday, 26 April 2017.