Infosys: The IT firm posted a 17.5 per cent rise in net profit at Rs 5,076 crore for the March 2021 quarter over the year-ago period buoyed by large deal wins, and announced an up to Rs 9,200 crore buyback programme at a maximum price of Rs 1,750 per share.
Wipro: The IT firm looks set to report a flat sequential growth in March quarter profits on Thursday, even the growth could be as high as 26-32 per cent on an year-on-year basis (YoY). Sales is seen rising 3 per cent both on a sequential on YoY basis. Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it, to an extent, analysts said.
HDFC Bank:
said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank’s board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing.
Adani Enterprises, Dixon Technologies: The Noida Authority said it has allotted industrial land to 13 companies, including
and Dixon Technologies, in a move that would bring in investments worth Rs 3,870 crore in Noida region, Uttar Pradesh.
Axis Bank, Religare Enterprises: The company said its arm Religare Finvest will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank due to financial distress caused by misappropriation of funds by former promoters and officials.
RCF, NFL: The government will sell up to 20 per cent stake in (NFL) and 10 per cent in (RCF) through an offer for sale in the current fiscal.
Bharti Airtel: The company announced a new corporate structure to sharpen the company’s focus on rapidly unfolding digital opportunities while enabling it to unlock value.
Apollo Tyres: The company announced its foray into the truck and bus tyre segment in the US and Canada, following the launch of its passenger vehicle range in the two markets.
Dr Reddy’s Labs: Dr Reddy’s Laboratories is in the process of generating additional stability data for Russia’s COVID-19 vaccine Sputnik V, which has a storage condition of -18 C, on 2 to 8 C, a senior official of the drug-maker said.
Tata Metaliks: The company on Wednesday posted Rs 74.99 crore net profit for the quarter ended March 31, 2021, a fall of 2.66 per cent. The company’s profit for the corresponding period in 2019-20 was at Rs 77.04 crore,
said in a BSE filing.
Tata Motors: The company said its group’s global wholesales, including Jaguar Land Rover, increased 43 per cent to 3,30,125 units in the fourth quarter of 2020-21 fiscal.
NBCC: Lenders of Jaypee Infratech have asked state-owned NBCC to take the government’s approval for the revised bid that it has submitted to acquire the bankruptcy-bound real estate firm.
Route Mobile: Hackers have allegedly compromised servers of enterprise communications firm Route Mobile, even as the company claimed that data of its customers is safe and its cyber security team is investigating the matter.
BPCL: State-owned
(BPCL) said it has dispatched the first consignment of acrylic acid from its Propylene Derivative Petrochemical (PDP) complex at Kochi Refinery.
Coal India: State-owned CIL allocated 37.21 million tonnes of coal during the April-February period of FY20-21 under spot e-auction scheme, registering a year-on-year increase of 36.3 per cent.
NHPC: State-owned hydropower giant NHPC will form a joint venture with JKSPDCL, ‘Ratle Hydroelectric Power Corporation Ltd’, to implement a 850-megawatt (MW) hydroelectric project in Chenab river basin.
GE Power: The company board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore.
