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RIL’s telecom arm unveils second Diwali offer
20 Oct 17:08

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) -- has launched second Dilwali offer, where pre-paid customers recharging Rs 149 or above will get 100% cashback in the form of coupons which can be used to purchase products at Reliance Digital stores or MyJio stores. The offer is valid till November 30 and the coupons received during this offer will have to be redeemed within December 31, 2018.Earlier, the company had offered all its mobile users an all unlimited annual plan of Rs 1,699 and 100% cashback on mobile phone recharges. As per the unlimited annual plan of Rs 1,699, the users will receive access to unlimited data (maximum of 1.5 GB per day of high speed internet), unlimited voice calls and 100 SMS per day. It will also provide complimentary membership to a host of Jio Premium apps comprising JioTV JioCinema, JioMusic, JioMags, etc.RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

HDFC Bank reports 21% rise in Q2 net profit
20 Oct 16:21

HDFC Bank has reported results for second quarter ended September 30, 2018.The Bank has reported 20.59% rise in its net profit at Rs 5,005.73 crore for the quarter under review as compared to Rs 4,151.03 crore for the same quarter in the previous year. Total income of the Bank increased by 21.22% at Rs 28,215.15 crore for Q2FY19 as compared Rs 23,276.18 crore for the corresponding quarter previous year.The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 1.33%, as compared to 1.26% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.40% in Q2FY19.

Hindustan Zinc ranks 1st globally in environment category by DJSI World
20 Oct 16:00

Hindustan Zinc has ranked 1st in environment category and overall 5th in the Metals and Mining sector by the Dow Jones Sustainability World Index (DJSI World). The company competed with 58 Metals and Mining majors including Newmont Mining, Teck Resources, Rio Tinto, etc. The significant improvement in ranking from previous year was made possible by several new initiatives and disclosures including Life Cycle assessment, stakeholder perception survey, tax transparency report, approval of Science Based Target, internal carbon pricing, Diversity and Inclusion Policy, among others.Launched in 1999, the DJSI World represents the gold standard for corporate sustainability and is the first global index to track leading sustainability-driven companies based on RobecoSAM`s analysis of financially material Environmental, Social, and Governance factors to convert an average of 600 data points per company into one overall score.Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.

Strides’ arm receives USFDA’s approval for Gabapentin Capsules
20 Oct 14:54

Strides Pharma Science’s step-down wholly owned subsidiary, Strides Pharma Global Pte, has received approval for Gabapentin Capsules USP, 100 mg, 300 mg, and 400 mg from the United States Food and Drug Administration (USFDA). Gabapentin Capsules is a generic version of Neurontin Capsules of Pfizer. The product received approval in the first cycle of review of 10 months under the GDUFA II regime. Gabapentin is an anticonvulsant or antiepileptic drug used with other medications to prevent and control seizures. It is also used to relieve nerve pain following shingles in adults.According to IQVIA MAT data, the US market for Gabapentin Capsules USP, 100 mg, 300 mg, and 400 mg is around $270 million. The product will be marketed by Strides Pharma Inc in the US Market. The company has 78 cumulative ANDA filings with USFDA of which 53 ANDAs have been approved as of date and 25 are pending approval.Strides Pharma Science (Formerly Strides Shasun) is a pharmaceutical company with a major focus on development and manufacture of IP-led niche finished dosage formulations. It is also among the world’s largest manufacturers of soft gelatin capsules.

Bhansali Engineering Polymers reports 33% fall in Q2 net profit
20 Oct 12:11

Bhansali Engineering Polymers has reported results for second quarter ended September 30, 2018.The company has reported 32.71% fall in its net profit at Rs 16.89 crore for the quarter under review as compared to Rs 25.10 crore for the same quarter in the previous year. However, total income of the company increased by 40.13% at Rs 350.32 crore for Q2FY19 as compared Rs 249.99 crore for the corresponding quarter previous year.Bhansali Engineering Polymers is a vertically integrated petrochemical company that manufactures ABS, which acts as a raw material for leading companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications.