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Biocon net zooms 416 per cent for Q2

Biotech major Biocon Ltd has reported Rs 355 crore consolidated net profit for the second quarter (Q2) of fiscal 2018-19, registering a record 416 per cent growth from Rs 69 crore in the like period year ago and 196 per cent sequential growth from Rs 120 crore quarter ago.In a regulatory filing on late Thursday, the city-based pharma behemoth said consolidated revenue from ope

Yes Bank Q2 net profit decline by 3.7%

Yes Bank on Thursday reported a decline of 3.73 per cent in its standalone net profit for the second quarter of financial year 2018-19.According to the lender, its Q2 net profit declined to Rs 964.7 crore from Rs 1,002.73 crore reported for the corresponding period of the previous financial year."Net profit declined 3.8 per cent y-o-y (year-on-year) to Rs 964.7 crores which includes impact

IL&FS Group appoints FTAs to harmonise asset monetisation activities

Mumbai, Oct 22 (The Eastern Herald) The new Board of debt-stricken IL&FS has selected Arpwood Capital and JM Financial Consultants as "Financial and Transaction Advisors" (FTAs) to the group.

Panel recommends UNCITRAL model for cross-border insolvency

New Delhi, Oct 22 (The Eastern Herald) A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) on Monday recommended the adoption of the UNCITRAL Model Law of Cross Border Insolvency to deal with cross-border insolvency issues.

Synechron launches AI Data Science accelerators for BFSI sector

Bengaluru, Oct 22 (The Eastern Herald) Global financial services consulting and technology services provider Synechron on Monday launched its AI Data Science accelerators for financial services, banking and insurance (BFSI) firms.

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