Sun Pharma Q2 profit seen up 52%, US sales may drive revenue

Healthcare major Sun Pharmaceutical Industries second quarter profit is seen rising 52.3 percent year-on-year to Rs 1,685 crore on strong operational performance. 

According to analysts polled by CNBC-TV18, revenue may increase 13.7 percent to Rs 7,772.8 crore year-on-year, led by US sales.

Operating prof ...

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Motherson Sumi Q2 profit jumps 26% to Rs 480 cr, debt drops 53%

Auto components maker Motherson Sumi Systems (MSSL), the flagship company of Samvardhana Motherson, has reported a 26.3 percent increase in consolidated profit at Rs 480 for July-September quarter compared with Rs 380 crore in same period last year, driven by overall business performance. 

Auto components ...

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India, Britain sign MoUs on IPR, ease of doing business

India and Britain on Monday signed memoranda of understanding (MoUs) on intellectual property rights (IPR) and ease of doing business following delegation-level talks led by Prime Ministers Narendra Modi and Theresa May here. 

Advancing business through agreements. The two leaders witness exchange of MoUs ...

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President Trump is good for India and bad for China, Pakistan. Heres why

Donald Trump is at the Oval Office and the big question on Indias mind is how should it open up to an American president who mimicked an Indian call centre worker in one of his campaign speeches?

Trump, in most of his campaign speeches, has railed against outsourcing, and has vowed to right trade imbalances of t ...

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Tesla buys German automation firm to drive up production

US electric car maker Tesla today said it would buy German engineering firm Grohmann to help ramp up production at its heavily-automated factories.

Several critical elements of Teslas automated manufacturing systems will be designed and produced in Pruem in western Germany, the California-based firm said in a statemen ...

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Lupin Q2 profit seen up 80%, Gavis may support revenue growth

Healthcare company Lupin is expected to show strong growth in July-September quarter due to US business. Profit is seen rising 80 percent year-on-year to Rs 736.5 crore but interest cost may limit bottomline growth.

Revenue is likely to jump 32.4 percent to Rs 4,938.1 crore, led by by consolidation of Gavis (acquired ...

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War on black money: Rs 500, Rs 1000 notes invalid from midnight

In his first televised address to the nation, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30

Taking the nation by surprise, Prime Minister Narendra Modi tonight announced demonetisation of Rs 1000 and Rs 500 notes with ...

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When is the US Presidential elections 2016: Voting date November 8, result date November 9, key dates and election day process

Its going to be a close race between the two bitter rivals employ last ditch efforts to woo voters on their side in battle ground states.

On Tuesday, November 8, 2016, roughly 120 million Americans will go to the polls to determine whether Democrat Hillary Clinton or Republican Donald Trump will become the 45th Presid ...

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ICICI Bank Q2 net seen down 18%, slippage from watchlist key

Slippage in Q2 from watchlist will be seen closely. Provisions may remain elevated in Q2 despite stake sale in ICICI Pru life. Q1 provision was at Rs 2514.5 crore while ICICI had created contingent provision in Q4FY16 of which Rs 2734.6 crore is available with them after Q1.

 ICICI Bank  is likely to see net ...

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