TCS: The IT major will reports its March quarter results today. Analysts so far are anticipating a 2.8-4 per cent sequential growth in sales and 5-10 per cent QoQ growth in profit. The company’s revenue in dollar terms and constant currency terms are expected to beat key peers on a sequential basis.
Tata Power: After year-long negotiations, the Tatas have terminated their near $2- billion investment deal with Malaysian state owned oil and gas company Petroliam Nasional Bhd (Petronas) in Tata Power’s proposed renewable energy infrastructure investment trust (InvIT), said multiple people aware of the development.
Balrampur Chini Mills: Sugar firm Balrampur Chini Mills said its board has approved a higher investment of Rs 425 crore for a new distillery plant of 320 kilolitres per day (KLPD), which is expected to commence by December 2022.
NMDC: The demerger process of NMDC’s Nagarnar Steel Plant (NSP) in Chhattisgarh into a separate entity is expected to be completed by August-September of this year, a source said.
M&M: Mahindra & Mahindra will put in fresh investments to the tune of Rs 3,000 crore on its electric vehicles business in the next three years, while it looks for more alliances and partnerships in the vertical, according to a top company official.
CG Power: The Securities Appellate Tribunal (SAT) has asked markets regulator Sebi to pass final order in six months in a case related to CG Power and Industrial Solutions, wherein the company’s ex-chairman Gautam Thapar and three other former officials were banned from the securities market.
AU Small Finance Bank:
said the RBI has approved reappointment of Raj Vikash Verma as part-time chairman of the bank for two years.
Infosys: Infosys on Sunday said its board will also decide on a buyback programme, along with March quarter earnings, in its next board meeting on April 14.
Ansal Housing: Realty firm Ansal Housing said that the company has faced multiple ransomware attacks on its IT system since February 26 this year, which may have resulted in some data loss.
United Spirits: Diageo Plc, the world’s largest distiller, has initiated a formal review of its Indian portfolio, which may lead to the hiving off or sale of several of its low-margin liquor brands, said people familiar with the matter.
