Lupin announced the launch of Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg. Lupin's alliance partner Concord Biotech Limited (Concord) had received an approval from the United States Food and Drug Administration (USFDA) earlier. Kotak Mahindra Bank on Monday (6 April 2020) said that its total customer deposits rose 19.6% to Rs 258,500 crore as on 31 March 2020 as against Rs 216,150 crore as on 31 March 2019. Total customer deposits grew 11.7% as on 31 March 2020 from Rs 231,251 crore as on 31 December 2019. Mahindra & Mahindra (M&M) on Friday (3 April 2020) said its board held a special meeting to review investment in SsangYong Motor Company (SYMC) and to discuss the approach to capital allocation amid COVID 19 impact. The request from the management and labour union of SYMC for fresh injection of equity from M&M to help the company fund 500 billion KRW (South Korean won), or ($406 million) of requirements over the next three years, was considered by the board. HDFC Bank on Friday (3 April 2020) said its advances grew 21% while its deposits rose 24% as of 31 March 2020 compared with corresponding period of the previous year. HDFC Bank's advances aggregated to approximately Rs 9,93,000 crore as of 31 March 2020, a rise of 21.19% against Rs 8,19,400 crore as of 31 March 2019 and a growth of 6.09% compared with Rs 9,36,000 crore as of 31 December 2019. Housing Development Finance Corporation (HDFC) on Saturday (4 April 2020) said individual loans sold in the preceding 12 months amounted to Rs 24,127 crore, down 4.07% over Rs 25,150 crore sold in the previous year. HDFC said its total loans assigned jumped 126.59% to Rs 5,479 crore compared to Rs 2,418 crore in the corresponding quarter of the previous year. It said that all the loans assigned during the quarter ended 31 March 2020 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank. NMDC on 4 April 2020 reduced prices of lump ore by Rs 500 or 15.87% to Rs 2650 per tonne for April from Rs 3,150 set in March 2020. The company also reduced prices of fines by Rs 500 or 17.48% to Rs 2360 per tonne for April from Rs 2860 set in March 2020. Indian Energy Exchange (IEX) said electricity prices in spot market declined by 21% in March 2020 even as there was a 18% surge in trade volume. IEX saw a trade of 4,291 million units (MU) - the Day-Ahead Market (DAM) traded 3,971 MU during March 2020 and saw 18% year-on-year (YoY) growth while the Term Ahead Market (TAM) traded 320 MU and recorded 30% YoY growth, IEX said in a statement. The southern distribution utilities continued preference for TAM contracts. Force Motors on Saturday, 4 April 2020, said its production slipped 55.16% to 1,198 units in March 2020 as against 2,672 units in March 2019. Powered by Capital Market - Live News |