Wipro's consolidated net profit fell 6.69% to Rs 1800.80 crore on 0.04% rise in total income to Rs 14304.60 crore in Q4 March 2018 over Q3 December 2017. The result was announced after market hours yesterday, 25 April 2018.
The board of directors of the company considered and approved a scheme of amalgamation (Scheme) providing for the merger of its wholly owned subsidiaries, Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirio India Cloud Solutions (Transferor Companies) with Wipro (Transferee Company).
ICICI Lombard General Insurance Company's net profit rose 17.93% to Rs 211.87 crore on 14.91% rise in total income to Rs 2148.81 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 25 April 2018.
Axis Bank, Biocon and Yes Bank will announce Q4 results today, 26 April 2018.
Emami said that the meeting of board of directors of the company will be held on 3 May 2018, to recommend issue of bonus shares to the equity shareholders. The announcement was made after market hours yesterday, 25 April 2018.
Zydus Cadila has received the final approval from the USFDA to market Methylprednisolone Tablets USP in the strengths of 4 mg, 8 mg, 16 mg and 32 mg. It is used to treat conditions suchasarthritis, blood disorders, severe allergic reactions, certain cancers, eye conditions, skin/kidney/intestinal/lung diseases and immune system disorders. It will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad. The announcement was made after market hours yesterday, 25 April 2018.
The board of directors of Kitex Garments decided to incorporate two wholly owned subsidiary companies, increasing the manufacturing capacities of the company to meet rising future demand and investing Rs 400 crore (Rs 200 crore each) in these companies from internal accruals and borrowings. The announcement was made after market hours yesterday, 25 April 2018.
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