Hero MotoCorp in spotlight after good monthly sales

Hero MotoCorp reported 13% growth in sales to 7.04 lakh units of motorcycles and scooters in June 2018 over June 2017. With monsoon already hitting many parts of the country, the positive consumption pattern is expected to continue in the coming months. Hero MotoCorp is geared-up with an array of products - including its premium motorcycle and the new scooter range - to add to the positive sentiments and further delight the customers. The announcement was made after market hours yesterday, 2 July 2018.

Strides Shasun announced that it's wholly owned subsidiary Strides Pharma Global Pte. Ltd. has received final approval for Ibuprofen Tablets USP, 200 mg (OTC) from the United States Food & Drug Administration (US FDA). Ibuprofen Tablets 200 mg (OTC) is a generic version of Motrin IB Tablets, 200 mg, of Johnson & Johnson Consumer, Inc. The announcement was made after market hours yesterday, 2 July 2018.

The Board of Directors of Parag Milk Foods has passed and approved unanimously, the acquiring of Patented Product Rights from the Sweden-based Organization. The announcement was made after market hours yesterday, 2 July 2018.

NCC has received four new orders totaling to Rs 2060.96 crore (exclusive of GST) in the month of June 2018. Out of this, three orders totaling to Rs 1997.51 crore pertain to Buildings Division and one order of Rs 63.45 crore pertain to Water & Environment Division. All these orders are received from various central and state government agencies and do not include any internal orders. The announcement was made after market hours yesterday, 2 July 2018.

Rico Auto Industries said that with effect from 26 June 2018, the loss making undertaking (Machine Shop-I) in Dharuhera Plant (Haryana), has been closed after completion of necessary formalities in accordance with the provisions of the Industrial Disputes Act, 1947. The management has executed the orders and settled accounts of 104 workers after paying their legal/statutory dues. This closure will not affect the turnover adversely rather will have a positive impact on the overall performance and profitability of the company. The announcement was made after market hours yesterday, 2 July 2018.

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