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Indian Stock Market News and Views

Alembic Q1 profit down 6% to Rs 11.48 crore
Vadodara-based pharma player Alembic reported a net profit of Rs 11.48 crore, down 6.28 per cent from Rs 12.25 crore in the comparable period last fiscal primarily on the back of reduced API exports and sales.

R-Infra net up 5.3%
The ADA Groups Reliance Infrastructure today said it planned to convert about half of its projects under development to revenue generating ones by the end of this financial year.

R-Power's June quarter net falls 25%
Reliance Power has posted a 25 per cent decline in net profit at Rs 195.40 crore for the quarter ended June this year, as compared to Rs 263.3 crore in the same quarter last year.

Aditya Birla Nuvo net profit at Rs 149 crore
Aditya Birla Nuvo, a part of the Aditya Birla Group, today posted a consolidated net profit of Rs 149 crore for the quarter ended June, compared to a consolidated net loss of Rs 35 crore in the previous corresponding quarter.

Vedanta more than doubles its Ebitda
Billionaire Anil Agarwal-promoted Vedanta Resources said its Ebitda (Earnings before interest, tax, depreciation and ammortisation) for the first quarter ended June 30 grew 124 per cent to $794 million (Rs 3,692 crore) as the production of its three mo...

IHCL net dips 80%
The company, which runs the chain of Taj Hotels in India and abroad had reported a net profit of Rs 16.44 crore for the same quarter a year earlier.



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