RBL Bank reports strong Q2, provisions jump

Mumbai-based RBL Bank reported a 48% jump in operating profit on strong growth in both interest as well as non-interest income. However, a near-doubling of provisions to Rs 140 cr (flat sequentially) prevented the full benefits from reflecting on the bottom line. The company’s overall...

Alembic JV clears USFDA inspection at its dermatology plant

Alembic Pharmaceuticals said one of its dermatology-focused joint ventures cleared its first United States Food and Drugs Administration (USFDA) inspection at its new formulation manufacturing facility located at Karakhadi, Gujarat, India without any observations. The inspection was carried out between 15th October, 2018 and 19th...

ND Tiwari passes at 92

ND Tiwari, the veteran Congress leader from Uttar Pradesh, has passed away at age 92. He has been the chief minister of Uttar Pradesh thrice. He was also the chief minister of Uttarakhand. Tiwari has been surrounded by scandals, especially in his later years. He...