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Thursday, 20 June 2019

Finance News

  • Lupin Q2 net profit drops 41.5 pc to Rs 266 cr

    Finance |  News | 0 Comment | 01 Nov, 2018

    Drug maker Lupin has reported a 41.5 per cent decline in its consolidated net profit at Rs 266 crore for the second quarter ended September 30, 2018 as sales slipped in the US market. The M...Read more

  • Columbia Asia sells Ahmedabad unit to Zydus

    Finance |  News | 0 Comment | 01 Nov, 2018

    Columbia Asia Hospitals Pvt. Ltd has sold one of its dozen hospitals in India to Zydus Hospitals for an undisclosed amount. According to Columbia Asia, it has sold its only hospital in Ahm...Read more

  • Granules India’s Net Profit grew by 49% to Rs 60 Cr.

    Finance |  News | 0 Comment | 30 Oct, 2018

    Granules India Ltd., a growing pharmaceutical manufacturing company has announced its financial results for the second quarter ended 30th September 2018. The company reported total income ...Read more

  • Divi's Labs Q2 profit surges by 92%

    Finance |  News | 0 Comment | 29 Oct, 2018

    Divi's Laboratories, a Rs.3,800 crore plus manufacturer of active pharmaceutical ingredients and intermediates major from Hyderabad, has registered impressive top line and bottom line ...Read more

  • Pharma sector growth to moderate at 7-9% CAGR for FY 2018-21

    Finance |  News | 0 Comment | 23 Oct, 2018

    The growth trajectory for the Indian pharmaceutical industry is likely to be moderate at 7-9% over FY2018 to FY2021, on the back of healthy demand from the domestic market given increasing ...Read more

  • Alembic Pharma makes net profit of Rs. 2 billion

    Finance |  News | 0 Comment | 23 Oct, 2018

    Alembic Pharmaceuticals has reported 64.58 per cent rise in consolidated net profit to Rs 2 billion for the quarter ended September 30, mainly on account of robust sales overseas. The comp...Read more

  • Net profit of Jubilant Life Sciences rises to Rs 209.77 crore

    Finance |  News | 0 Comment | 23 Oct, 2018

    Jubilant Life Sciences reported 67.18 per cent rise in consolidated net profit to Rs 209.77 crore for the quarter ended September 30, mainly on account of robust sales in the pharma segme...Read more

  • SCHOTT Tubing India to further invest 20 million euros in India

    Finance |  News | 0 Comment | 19 Oct, 2018

    SCHOTT AG, a global pioneer in manufacturing pharmaceutical glass and packaging, has announced the launch of a new glass tank in its Indian manufacturing plant at Jambusar, Gujarat. The Ger...Read more

  • Sun Pharma to put Rs 200Cr more in Assam plant

    Finance |  News | 0 Comment | 14 Oct, 2018

    Sun Pharma is planning to invest an additional Rs 200 crore at its plant in Assam to augment operations. The company has already invested Rs 700 crore in this manufacturing facility. Sun P...Read more

  • NHPM rollout, a step in right direction: ICRA

    Finance |  News | 0 Comment | 08 Oct, 2018

    The Union Finance Minister, in his Budget speech of February 2018, had announced the launch of the National Health Protection Mission (NHPM), a health insurance scheme for 10 crore families...Read more

  • MedAchievers, Venture India to launch $100 M healthcare fund

    Finance |  News | 0 Comment | 05 Oct, 2018

    Healthcare platform MedAchievers has partnered with business consultancy firm Venture India to launch a $100 million fund MedAchievers Connect to fund cutting-edge research in healthcare in...Read more

  • Ipca Labs buys majority stake in US firm Bayshore

    Finance |  News | 0 Comment | 03 Oct, 2018

    Mumbai-based Ipca Laboratories Ltd has acquired an 80 per cent stake US drug marketing company Bayshore Pharmaceuticals LLC for $10.23 million (Rs 75 crore) in cash. The acquisition will e...Read more

  • Columbia Asia Group growing at 20 per Cent Year-On-Year

    Finance |  News | 0 Comment | 26 Sep, 2018

    Columbia Asia, a leading hospital chain in Asia, is all set to expand operations across Asia and India by 2020, utilizing the $210 million fund which Columbia Asia had raised in March 2018....Read more

  • Policybazaar invests $50 M in healthcare biz

    Finance |  News | 0 Comment | 18 Sep, 2018

    DocPrime, the latest healthcare venture by Policybazaar and Paisabazaar parent EtechAces Marketing and Consulting (Policybazaar Group), has received an initial internal funding of $50 milli...Read more

  • Sun Pharma to buy minority stake in Israeli firm

    Finance |  News | 0 Comment | 12 Sep, 2018

    Sun Pharmaceutical Industries Ltd plans to acquire an 18.75 per cent stake in Israel's Tarsius Pharma Ltd for $3 million in cash. According to Sun Pharma, the acquisition does not need reg...Read more

  • Jubilant Life Sciences raises Rs 350 Cr via NCDs

    Finance |  News | 0 Comment | 07 Sep, 2018

    Jubilant Life Sciences has raised Rs 350 crore through non-convertible debentures (NCDs) on private placement basis for repayment of its existing debt and reduce the overall cost of borrowi...Read more

  • Indian IT firm takes over US health startup

    Finance |  News | 0 Comment | 06 Sep, 2018

    Pune headquartered technology services company, Persistent Systems Ltd has acquired US-based startup Herald Technologies Inc., which operates under the name Herald Health, at an enterprise ...Read more

  • Online pharmacy NetMeds secures $35M

    Finance |  News | 0 Comment | 03 Sep, 2018

    Online pharmacy NetMeds Marketplace Pvt. Ltd has raised $35 million in a Series C funding round from Southeast Asian business conglomerate Daun Penh Cambodia Group based in Singapore. Exist...Read more