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Lupin's net profit fell 59.4 percent in the June quarter due to steep price erosion of generic Glumetza in the US, destocking ahead of GST and a stronger rupee.

Yes Bank shares have risen as much as 5% in the morning trade after the private sector lender yesterday reported a 32% rise in net profit for the April-June quarter.

Hindustan Petroleum Corporation Limited (HPCL) slipped 4.4 per cent to Rs 367 on the Bombay Stock Exchange (BSE) on Thursday, a day after the Union Cabinet approved the sale of its 51 per cent equity in the company to Oil and Natural Gas Corporation (ONGC) post market hours, while ruling out the possibility of an open offer to the minority shareholders of HPCL given no change in effective ownership.
 

Thursday, 20 July 2017 10:54

At HUL, cost savings take centre stage

For two successive quarters, the country’s largest consumer goods company, Hindustan Unilever Ltd (HUL), reported strong operating profit margin.
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