COMPANY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

DHFL profit up 26% at Rs 293 cr during July-Sept  -   16/10/2017 16:47
H ousing financier DHFL today reported a 26.1 per cent rise in net profit to Rs 293.30 crore for the quarter ended in September this year compared to Rs 232.62 crore in the same period of last year. Total income of the company grew by 21 per cent to Rs 2,614.25 crore in July-September, against Rs 2,161.38 crore in the same period of previous fiscal, Dewan Housing Finance Corporation Ltd (DHFL) said in a...
Godrej Agrovet makes strong debut, lists at premium  -   16/10/2017 16:45
G odrej Agrovet, a highly diversified agri-business company, kicked-off trading on the Bombay Stock Exchange on strong note by listing at Rs 630, a 37 per cent premium against its initial public offer (IPO) price of Rs 460 per share. The company, which had got overwhelming response for its Rs 1,157 crore initial public offering that was subscribed over 95 times earlier this month, listed at premium at Rs...
Colgate-Palmolive Q2 net profit down 2% to Rs 177 cr  -   16/10/2017 16:25
F MCG firm Colgate-Palmolive (India) Ltd today reported a 2.06 per cent decline in its net profit at Rs 177.57 crore for the second quarter ended September 30. The company had posted a net profit of Rs 181.31 crore during the same period of the previous fiscal, Colgate- Palmolive (India) said in a regulatory filing. Net sales during the quarter under review was down 9.78 per cent at Rs 1,077.98 crore...
Kansai Nerolac Paints Q2 net up 3.82% to Rs 144.63 cr  -   16/10/2017 16:07
K ansai Nerolac Paints today reported a 3.82 per cent rise in net profit to Rs 144.63 crore in the second quarter ended September 30. The company had reported a net profit of Rs 139.31 crore in the same quarter in the year-ago period. Total income during the quarter under review stood at Rs 1178.54 crore as against Rs 1163.14 crore in corresponding quarter last year. "The company has continued to...
Moody's affirms State Bank's ratings  -   16/10/2017 15:40
M oody's has affirmed the ratings on State Bank of India's local and foreign currency deposits of Baa3/P-3 apart from affirming the Baa3 rating on its senior unsecured debt issued through its London branch and the Baa3 rating on its medium term note programme. While retaining the ratings today, the global ratings agency noted that since the merger of its associate banks in April, SBI's asset...
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