Natco Pharma received USFDA tentative approval for generic Olaparib tablets, a version of AstraZeneca’s Lynparza. Natco will manufacture, Alembic will distribute in the US. By CNBC-TV18 July 18, 2026, 6:11:53 PM IST (Published) 1 Min Read Natco Pharma Ltd. has received tentative approval from the US Food and Drug Administration (USFDA) for Olaparib Tablets in…
Outgoing Kotak Mahindra Bank CEO Ashok Vaswani has opened up on why he’s chosen to step down after more than three years at the helm, telling CNBC-TV18 the decision comes down to personal reasons and the arrival of a grandchild in the family. Speaking to CNBC-TV18’s Ritu Singh, Vaswani said, “At a personal level, Ritu,…
Shahnaz writes on a wide range of topics, including business, social issues, politics, environment, lifestyle and gender. She has previously wrote long-form content covering a wide range of topics, including politics, policies, and more. Additionally, she monitored wires services, social media, and local news outlets for breaking news and relevant stories. Also, she honed her…
India Cements Ltd., now a subsidiary of UltraTech Cement Ltd., reported a return to profitability in the first quarter of FY27, aided by a sharp improvement in operating performance despite a marginal decline in revenue. The company posted a consolidated net profit of ₹26.9 crore for the quarter ended June 30, compared with a net…
HDFC Bank’s asset quality saw marginal pressure during the June quarter with both Gross and Net NPA seeing a minor increase both in percentage and absolute terms on a sequential basis. Most of the other parameters were also slightly below expectations, while provisions have risen from the March quarter. The lender’s margins were at record…
JK Cement reported a mixed set of earnings for the quarter ended June, with revenue rising 20.3% year-on-year, while operating performance weakened as EBITDA and margins declined. The company reported a 14.5% year-on-year fall in net profit to ₹277 crore for the first quarter, compared with ₹324 crore in the corresponding period last year. Revenue…
IDBI Bank Ltd. reported its June quarter results on Saturday, July 18, which saw the lender reporting a pressure on its margins, while its asset quality remained largely steady. Net Interest Income or core income for the lender (NII) grew by 10% from last year to ₹3,486 crore. However, the figure was down 9% on…
NBCC (India) Ltd., a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Housing and Urban Affairs (MoHUA), has moved forward with the merger of its wholly owned subsidiary, HSCC (India) Limited, into itself. In an exchange filing, NBCC shared the scheme of arrangement under Section 230-232 of the Companies Act, 2013. The board…
Operating expenses increased 10.4 per cent YoY to Rs 12,574 crore from Rs 11,394 crore. The bank reported a treasury gain of Rs 151 crore in Q1FY27 against a treasury loss of Rs 106 crore in Q4FY26 and a gain of Rs 1,241 crore in the year-ago quarter. Provisions, excluding tax, declined to Rs 1,260…
ICICI bank Ltd. reported results for the June quarter on Saturday, July 18, which were strong on the bottomline front, while its core income saw double-digit growth as well compared to last year, also surpassing expectations from the street. ICICI Bank’s Net Profit grew by 16% from last year to ₹14,804 crore, which was well…
