Coal India stock in focus today as the company reported a 50.1% jump in Q3FY19 profit as it benefited from higher coal production.
The Reserve Bank of India imposed a penalty on Oriental Bank of Commerce, Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank for not monitoring end use of funds. While they have to pay the central lender Rs1.5cr, Andhra Bank has been fined Rs1cr.
DHFL’s Vijaya Sampath resigned as the Independent Director with effect from Feb.12.
Alembic Pharma’s arm received ANDA approval from the USFDA for Fenofibrate Tablets which are used for treating cardiovascular diseases.
Rico Auto Industries board approved acquisition of Magna Rico Powertrain (a joint venture company), which will then become wholly owned arm of the company. The board also agreed to set up a new manufacturing plant in Gujarat for two-wheeler and four-wheeler components which will be operational by May with an investment of Rs1.1cr.
Lumax Auto Technologies said that commercial production in Maharashtra unit to supply auto parts to Bajaj Auto has started.
L&T Technology Services said that a client in the telecom and hitech reporting segment has decided to assume ownership of engineering for their core product. The company said that other engagements with the aforesaid client will continue as is and the annualised revenue will be impacted by around 4 percent starting from March 2019.