IOC, IRFC and Housing: Indian Oil Corporation, IRFC, Tanla Platforms, Indiabulls Housing Finance, Prism Johnson, Mas Financial Services, TCI Express, JK Tyres & Industries, Heritage Foods, Indo Rama Synthetics, Man Infra, Gravitas India, SML Isuzu are among companies that will announce their March quarter results today.
Axis Bank: The Centre is selling up to 58 million shares in Axis Bank, held via the Specified Undertaking of the Unit Trust of India (SUUTI) to raise around Rs 4,000 crore.
Tata Motors: Home-grown auto major reported a narrowing of consolidated net loss at Rs 7,585 crore for the fourth quarter ended March 31, 2021, aided by improved sales. The company had posted a consolidated net loss of Rs 9,864 crore in the January-March period of 2019-20.
GSK Pharma: Drug firm
reported a consolidated net profit of Rs 14.33 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 138.07 crore for the corresponding period of the previous fiscal.
Minda Corp: The auto components maker reported a consolidated profit after tax of Rs 12.92 crore for the March quarter against a loss of Rs 299.78 crore in the year-ago period.
Brigade Enterprises: The realty firm reported a sharp rise in its consolidated net profit at Rs 39.57 crore for the quarter ended March 2021. Its net profit, after minority interest, stood at Rs 2.68 crore in the year-ago period.
Central Bank of India: The PSU lender said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion.
Shakti Pumps: The Industrial machinery firm reported a consolidated net profit of Rs 30.39 crore for the quarter ended March 31. The company had posted a loss of Rs 6.14 crore in the corresponding period of 2019-20.
Torrent Pharma: The drug firm reported a 3.18 per cent rise in its consolidated net profit to Rs 324 crore for the quarter ended March 31, 2021 mainly on the back of continued India business recovery momentum, and cost control. The company had posted a net profit of Rs 314 crore for the corresponding period of the previous fiscal.
Infosys, Majesco: Both IT services firms announced a strategic collaboration to work together to help joint customers accelerate their digital transformation journey. The companies are cloud insurance software solutions providers.
Ujjivan Small Finance Bank: The recently listed lender eported an 86 per cent jump in its net profit to Rs 136 crore for the last quarter of the fiscal ended in March 2021. The bank had posted a net profit of Rs 73 crore in the same quarter of the preceding fiscal year 2019-20.
Canara Bank: The state-owned lender reported a standalone profit after tax (PAT) of Rs 1,010 crore in the three months ended March 2021 on higher net interest income and lower provisioning for bad loans.
Jindal Stainless Hisar: The coin-maker reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income. The company’s net profit stood at Rs 108.35 crore in January-March 2019-20.
YES Bank: Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of Yes Asset Management (India) Ltd and Yes Trustee Limited by GPL Finance and Investments Ltd. The proposed combination envisages the acquisition of 100 per cent equity shares of the two entities by GPL.
CESL: State-owned CESL said it will procure 300 electric vehicles from
. The procurement is a part of the Scaling up Demand-Side Energy Efficiency Sector Project financed by the Asian Development Bank’s line of credit to CESL.
Bharti Airtel: Bharti Airtel is experiencing financial pressures in the second wave of the COVID-19 pandemic, but expects the recovery to start soon, a top company official.
Bank of Baroda: The PSU lender is looking to hire three digital marketing agencies to strengthen its brand, aiming to be a preferred choice of customers with innovative banking models.
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