SpiceJet shares tank over 16% on BSE
SpiceJet shares fell sharply by over 16 per cent on Wednesday amid reports that the carrier is facing financial crisis.Shares of SpiceJet tanked 16.17 per cent to close the day at Rs 14 on the BSE. In intra-day, it slumped 18.56 per cent to Rs 13.60. The market value of the company fell by Rs 143.61 crore to Rs 749.39 crore. As per media reports, the airline is faltering over distributing TDS (tax deducted at source) certificates and Form 16 (needed for filing tax returns) to its employees, also an engineering audit has been ordered by the aviation regulator.The Directorate General of Civil Aviation (DGCA) has ordered an engineering audit of the airline after the carrier is said to have found it difficult to provide equipment to operate some flights.
Wave Infratech receives tremendous response to Club51, Belleville Park
Wave Infratech unveiled Club51, Belleville Park - the newest luxury destination at an extravagant evening on July 26, 2014 for HNIs at Sector 25A, Noida along with the preview of the soon to be launched BMW X5 showcasing the extravagance of the property. On the occasion of the unveiling, Wave Infratech also announced a limited period exclusive gift of special BMW cars for the customers who booked the Belleville Park villas at the launch; the company has seen tremendous response on the launch and now very few villas are available in the market for sale.
Dhanuka Agritech limited’s Net increase by 17.87%
Dhanuka Agritech limited on Wednesday announced its financial results for the Quarter ended June 30, 2014. Dhanuka has maintained its growth by registering Net Turnover of Rs 172.91 crores for the quarter ended June 30, 2014 as compared to Rs 166.13 crores for the corresponding period last year. The Company has reported 17.87 per ceny increase in its Net Profits for the first quarter at Rs 20.45 crores against Rs 17.35 crores for the corresponding quarter of last year.
Nokia Networks won 12 deals in India during Jan-June 2014
Telecom gear maker Nokia Networks on Wednesday said it has bagged 12 deals in India, including from a new operator, in the first half of the ongoing calendar year. “Uncertainty in India is reducing and investments are gaining momentum. We are closing gap with the top player (telecom gear maker). 12 key deals with top operators thereby, defended our market share and widened portfolio,” Nokia Networks’ Vice President and Head of India Region, Sandeep Girotra said here.Nokia Networks works with Bharti Airtel in eight out of 22 telecom circles in country, in 19 with Vodafone, about 6-7 circles with Idea, Tata Teleservices, MTNl, BSNl, Uninor, Videocon Telecom and Indian Railways.
Dr Reddy’s Q1 Net up 52.49% at Rs 550 cr on N America sales
Pharma major Dr Reddy’s laboratories on Wednesday reported 52 per cent jump in net profit at Rs 550.39 crore for the first quarter ended June 30, on the back of North American sales and profitability besides good growth in emerging markets. It posted a PAT of Rs 360.93 crore in the same quarter last year. Consolidated net income from sales in Q1, 2014-15 stood at Rs 3,518 crore against Rs 2,845 crore during the Q1 of FY14 registering growth of 24 per cent, Saumen Chakraborty, President, CFO and Global Head of HR, told reporters at a post result press conference in Hyderabad.