Lupin announced the successful completion of a PAI inspection (Prior Approval Inspection) carried out by the United States Food and Drug Administration (USFDA) at its Goa manufacturing facility without any observations. The announcement was made after market hours on Friday, 21 July 2017.
Reliance Industries (RIL) held its 40th annual general meeting (AGM) on Friday, 21 July 2017. RIL Chairman Mukesh Ambani announced the launch of JioPhone, which is a 4G VoLTE-enabled feature phone. Reliance Jio JioPhone will hit the shelves starting the first week of September, and pre-orders begin 24 August 2017, he said. Reliance Jio has close to 100 million paid customers, added Ambani. The outcome of the AGM was disclosed to the stock exchanges after market hours on Friday, 21 July 2017.
Tata Motors said it is holding a meeting of its duly constituted committee of the board on 26 July 2017, to consider issue of non-convertible debentures (NCDs) aggregating to Rs 1000 crore in one or more tranches. The announcement was made after market hours on Friday, 21 July 2017.
State Bank of India (SBI) said that the executive committee of the central board (ECCB) of the bank at its meeting held on Friday, 21 July 2017, given approval for entering into a shareholder agreement with CA Rover Holdings (an affiliate of Carlyle Asia Partners IV), who will be the new partner in the bank's Credit Card joint venture, and shall hold 26% stake in both the companies. The proposed transactions are subject to regulatory approvals. The announcement was made after market hours on Friday, 21 July 2017.
Among prominent earnings, Ambuja Cements, HDFC Bank, Indiabulls Housing Finance, Bharti Infratel and Zee Entertainment Enterprises are scheduled to announce April-June 2017 quarterly earnings today, 24 July 2017.
Avenue Supermarts' net profit rose 47.56% to Rs 174.78 crore on 36.27% rise in total income to Rs 3620.96 crore in Q1 June 2017 over Q1 June 2016. The result was announced on Saturday, 22 July 2017.
Divis Laboratories' net profit dropped 41.51% to Rs 176.54 crore on 17.67% fall in total income to Rs 850.88 crore in Q1 June 2017 over Q1 June 2016. The result was announced on Saturday, 22 July 2017.
Mangalore Refinery and Petrochemicals (MRPL) reported 67.43% fall in net profit to Rs 234.01 crore on 18.76% rise in total income to Rs 10282.85 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours on Friday, 21 July 2017.
Tata Sponge Iron reported 190.22% surge in net profit to Rs 30.56 crore on 57.7% rise in total income to Rs 185.27 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours on Friday, 21 July 2017.
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