ACC in spotlight after Q2 results

On a consolidated basis, ACC's net profit rose 0.77% to Rs 328.74 crore on 13.75% rise in net sales to Rs 3767.90 crore in Q2 June 2018 over Q2 June 2017. The result was announced after market hours yesterday, 23 July 2018.

Syngene International, a leading global contract research organization, announced the expansion of the scope of its research and development (R&D) collaboration with Baxter Healthcare Corporation, a global healthcare company. As part of the expansion, Syngene will set up additional infrastructure at the dedicated Baxter Global Research Center (BGRC) as well as increase the size of its scientific team working on Baxter projects. The duration of the agreement has also been extended until 2024. Syngene and Baxter originally established the Baxter Global Research Center, a dedicated R&D center, in 2013. The announcement was made after market hours yesterday, 23 July 2018.

Punjab National Bank said it has received a capital Infusion of Rs 2816 crore towards contribution of the central government in the preferential allotment of equity shares (special securities/bonds) of the bank during the financial year 2018-2019, as the government's investment. The preferential allotment of equity shares to GoI will be made after completing the process of regulatory approvals. The announcement was made after market hours yesterday, 23 July 2018.

Allahabad Bank has received an amount of Rs 1790 crore towards contribution of the central government in the preferential allotment of equity shares of the bank. The said amount will remain in share application money till allotment of shares on preferential basis to the Government of India after receipt of all requisite statutory/regulatory approvals including approval of shareholders. The announcement was made after market hours yesterday, 23 July 2018.

Essel Propack announced that the first phase of production of laminated tubes has successfully commenced from 23 July 2018 at the company's newly set-up unit in district Kamrup, Assam. The size of investment in phase-I is over Rs 60 crore. The announcement was made after market hours yesterday, 23 July 2018.

Indian Energy Exchange said that its board will meet on 9 August 2018, to consider sub division of face value of equity shares of the company. The announcement was made after market hours yesterday, 23 July 2018.

Powered by Capital Market - Live News