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Results: Polycab net profit jumps 32% to Rs 283 cr on robust sales

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Polycab India, a leading manufacturer of wires and cables, on Thursday reported a 32 per cent growth in net profit at Rs 283.2 crore in the March quarter on higher revenue.
Consolidated revenue grew faster at 43 per cent to Rs 3,037.4 crore during the period, the city-headquartered company said in a statement.
For the full-year, it reported a net profit of Rs 885.9 crore, up 16 per cent over FY20 on a revenue of Rs 8,926.5 crore, which inched up 1 per cent from the previous year.
The fiscal year gone by was an extraordinary year marked by disruptions but we could ensure uninterrupted operations through agility and technology which helped us leverage the favourable market trends and report robust business performance in the fourth quarter, Inder T Jaisinghani, chairman and managing director of Polycab India, said. ....

Indert Jaisinghani , Polycab India , போலயிக்ப் இந்தியா ,

Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts

Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts
5 May, 2021 12:30 AM
4 minutes to read
Worrying national dairy sector debt level coming down. Photo / File
Reserve Bank concerns about dairy farming debt appear to have eased as milk prices remain robust and farmers pay down debt, but an industry stress test paints a grim picture if prices slide for an
extended time.
The Reserve Bank s latest financial stability report said while dairying s share of agriculture sector lending by banks remains considerable , it had declined from 69 per cent to 63 per cent in recent years.
With banks encouraging farmers to use current strong milk prices and low interest rates to pay down existing debt, and a falling number of farmers identified by banks as financially stressed, the dairy sector was building resilience, said the report. ....

New Zealand , Cameron Bagrie , Reserve Bank , Emissions Trading Scheme , God New Zealand , புதியது ஜீலாந்து , இருப்பு வங்கி , உமிழ்வு வர்த்தக திட்டம் , மன அழுத்தம் ,

Welcome To IANS Live - BUSINESS - Healthy Monsoon forecast, global cues pushes equities higher (Roundup)

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IANSLive
New Delhi, April 16 (IANS) Forecast of a healthy monsoon season cheered India s key benchmark equity indices which trade in the green during Friday s late afternoon session.
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Update: 16-April-2021 ....

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Press Release : FDA accepts the new drug application for review of Idorsia's daridorexant for the treatment of adult patients with insomnia

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The application includes robust data from the Phase 3
registration program, which demonstrated efficacy of daridorexant on
objective and subjective sleep parameters, and an improvement in daytime
functioning, while maintaining a favorable safety profile
Allschwil, Switzerland March 10, 2021
Idorsia Ltd (SIX: IDIA) today announced that the US Food and Drug
Administration (FDA) has accepted the new drug application (NDA) for
review of Idorsia s investigational dual orexin receptor antagonist,
daridorexant, for the treatment of adult patients with insomnia.
Insomnia is a common problem with approximately 25 million adults in the
US who meet the diagnostic criteria. Insomnia, a condition of overactive ....

Switzerland General , Jean Paul Clozel , Idorsia Ltd , European Union , Drug Administration , Paul Clozel , Chief Executive Officer , Insomnia Daytime Symptoms , Dow Jones , Idorsia Ltd Stock Exchange , Press Release , An Idia Ch0363463438 , சுவிட்சர்லாந்து ஜநரல் , ஐரோப்பிய தொழிற்சங்கம் , தலைமை நிர்வாகி அதிகாரி , தூக்கமின்மை பகல்நேரம் அறிகுறிகள் , டோ ஜோன்ஸ் , ப்ரெஸ் வெளியீடு ,

ALTAMIR: Significant growth in Altamir's NAV (13.7%) and robust activity in 2020, against the background of the Covid-19 crisis

ALTAMIR: Significant growth in Altamir s NAV (13.7%) and robust activity in 2020, against the background of the Covid-19 crisis
Record-high NAV as of 31 December 2020: €1,128.2m, or €30.9/share
13.1% increase in average weighted EBITDA, reflecting the portfolio s overall resilience and the excellence performance of the TMT sector
Robust activity:
8 companies acquired in a diverse range of sectors and geographies; in total, more than €113m invested and committed during the year
6 companies sold, with uplift of 25%; nearly €159m in divestment proceeds and revenue generated during the year
Proposed dividend: €1.09 per share, including €0.92 with respect to 2020 and €0.17 as a catch-up on 2019.
Paris, 10 March 2021 - Net Asset Value per share stood at ....

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