Housing, HDFC: Indiabulls Housing Finance (IBH) and mortgage lender HDFC have entered into a strategic co-lending partnership to offer housing loans at competitive rates.IBH will originate retail home loans as per jointly drawn up credit policy and retain 20 per cent of the loan in its books, and 80 per cent will be on HDFC books.
Tata Elxsi, Cyient, Rallis India: Tata Elxsi, Cyient, Rallis India, Indus Towers, Sasken Technologies and
are among companies which will announce their March quarter results today.
Developers: The company has agreed to buy 3.2 acre land in Pune from parent company Mahindra & Mahindra as part of its expansion plan. The company said it has “finalised the terms to purchase approximately 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra Ltd”.
Nestle India: Brokerages have a mixed view on Nestle India even as the company reported a 14.6 per cent growth in net profit for the March quarter from the year ago level, beating estimates.
BSL: The company posted a manifold jump in its consolidated net profit to Rs 1,913.73 crore for the fourth quarter ended March 31, mainly on account of higher income. The company had reported a consolidated net profit of Rs 5.93 crore in the year-ago period, Tata Steel BSL Ltd said in a BSE filing.
SpiceJet: Sources said the airline has planned to lay off 300 out of the 590-strong staff. These largely comprise loaders and drivers who have been employed for 3 to 15 years on fixed-term contract with SpiceJet to carry out ground handling work like loading/unloading baggage, and transporting passengers between terminal & aircraft.
Future Enterprises, Future Supply Chain Solutions: Lenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per regulatory filings.
Wockhardt: Pharmaceutical firm Wockhardt said it will raise up to Rs 150 crore through issue of non-convertible debentures on private placement basis.
DCB Bank: Small-sized private sector lender DCB Bank announced a 9 per cent stake buy in Techfino Capital, a Bengaluru-based NBFC providing education and healthcare-related loans, for an undisclosed amount.
Den Networks: The company said it has decided not to proceed with the composite scheme of arrangement in which TV18 Broadcast, Hathway Cable & Datacom and
were to merge into Network18 Media & Investments.
Hero MotoCorp: The country’s largest two-wheeler maker
said it is temporarily stopping operations at all its manufacturing facilities across the country, including its Global Parts Center (GPC), in the wake of a surge in COVID-19 cases across India.
GE Power India: The company said it has acquired 50 per cent stake in NTPC GE Power Services Pvt Ltd. Earlier this month, GE Power India’s board had approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd (NGSL) for Rs 7.2 crore. NTPC and GE Power Systems GmbH had 50 per cent stake each in NGSL.
Tata Steel: The company said it has received a “blockchain-enabled transaction”, a global first for the steel industry, from a UAE-based firm for a steel export order. However, the steel maker did not disclose the size of the transaction.
Lupin: Drug maker Lupin said it has incorporated a wholly-owned subsidiary in the US. The new unit, Lupin Oncology Inc (LOI), will be engaged in development/co-development and commercialisation of multiple oncology products globally, the Mumbai-based company said in a regulatory
TV18 Broadcast: Media firm TV18 Broadcast reported a 77.03 per cent increase in its consolidated net profit to Rs 251.08 crore for the fourth quarter ended in March 2021. The company had posted a net profit of Rs 141.83 crore for the January-March period of the previous fiscal, TV18 Broadcast said in a regulatory filing.
Allcargo: Logistics services provider Allcargo said it is transporting 500 oxygen concentrators by air from Singapore to cater to the increased demand for medical oxygen in Maharashtra amid the second wave of the COVID-19 pandemic.
