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Tuesday, 22 October 2019

Finance News

  • Kilitch Drugs (India) records a robust growth in Q2FY19

    Finance |  News | 0 Comment | 13 Nov, 2018

    The Board of Directors of Kilitch Drugs India Limited announced its un-audited results for the second quarter ended on September 30, 2018 following its approval by the Board of Directors in...Read more

  • Natco Pharma posts over two-fold jump in Q2 PAT to Rs 181.6 Cr

    Finance |  News | 0 Comment | 06 Nov, 2018

    Natco Pharma has reported over two-fold increase in consolidated profit after tax at Rs 181.6 crore for the second quarter ended September 30, 2018. The company had posted a consolidated p...Read more

  • Unichem picks up stakes in Optimus Group

    Finance |  News | 0 Comment | 05 Nov, 2018

    Unichem Laboratories has acquired 19.99% each in two bulk drug companies of Hyderabad-based pharmaceutical group Optimus for a total of Rs 120 crore ($16.5 million). As part of the transac...Read more

  • Cipla announces Q2 FY19 results

    Finance |  News | 0 Comment | 05 Nov, 2018

    Cipla Limited has announced its unaudited consolidated financial results for quarter ended September 30, 2018. Key highlights of the quarter are: R&D investments at approximately IN...Read more

  • Torrent Pharma reports 12.25% dip in its Q2 net profit

    Finance |  News | 0 Comment | 05 Nov, 2018

    Drug firm Torrent Pharmaceuticals has reported a 12.25 per cent dip in its consolidated net profit to Rs 179 crore for the quarter ended September 2018 due to one-time impact of a product r...Read more

  • Strides Pharma to get $20M from ICP

    Finance |  News | 0 Comment | 01 Nov, 2018

    Strides Pharma Science Ltd said its board has approved ICP-III Investment Advisors infusing $20 million growth capital into its two consumer healthcare business arms, the company ...Read more

  • 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