SBI, Hindalco and Shree Cements: SBI,
, Shree Cements, , , Container Corporation of India, Crompton Greaves Consumer, Dr Lal Pathlabs, Godrej Industries, Ircon International and Birlasoft are among companies which will announce their March quarter results today.
Apollo Tyres: The tyre maker said it has received permission from the authorities to re-start operations at its manufacturing plant at Perambra in Kerala from May 21. On May 17, the company had informed about the closure of plant till May 23, 2021, pursuant to directives issued by the District Government authority.
NBCC: Creditors’ panel of bankrupt-Jaypee Infratechdecided to start the voting process on Suraksha group’s offer from next week and rejected the plan proposed by state-owned NBCC, according to sources. The sources said NBCC’s bid was found to be non-compliant with certain provisions of the insolvency law.
IEX: Dalmia Power Ltd sold Indian Energy Exchange’s shares worth Rs 487.54 crore through an open market transaction. Dalmia Power has offloaded more than half of its shares it held in the firm and is now left with a little over 1.11 crore scrips.
Reliance Industries: Reliance Retail and Reliance Fashion have approached the National Company Law Tribunal (NCLT) seeking its permission to hold meetings of their shareholders and creditors to consider and approve the proposed merger with Future Group’s retail, logistics and warehousing business in a Rs 24,713 crore deal.
Sugar stocks: The Centre slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. For the ongoing 2020-21 marketing year (October-September), the government had fixed a subsidy of Rs 6,000 per tonne to facilitate exports, thereby improving the liquidity of mills and enabling them to clear cane price dues to farmers.
Union Bank: The bank said it has raised Rs 1,447 crore through qualified institutions placement. The bank’s qualified institutions placement (QIP) issue had opened on May 17 at an issue price of Rs 33.82 per share.
Mindtree: The IT firm said it will acquire the NxT Digital Business from
(L&T) for Rs 198 crore, a move that will enable the mid-sized IT firm to capture opportunities in the IoT and Industry 4.0 space.
Zee Entertainment: The company reported a consolidated net profit of Rs 272.36 crore for the quarter ended in March 2021. The company had reported a net loss of Rs 765.82 crore in the January-March quarter a year ago.
HPCL: Hindustan Petroleum Corporation reported its March quarter net profit soaring many folds to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in January-March 2020.
JK Lakshmi Cement: The company reported a 61.34 per cent increase in consolidated net profit to Rs 159.13 crore for the fourth quarter ended March 2021, helped by higher volumes and improved cost efficiencies. The company had posted a profit of Rs 98.63 crore in the January-March period a year ago,
(JKLC) said in a regulatory filing.
Suzlon Energy: Suzlon Energy said its board has approved allotment of 2.36 crore equity shares following conversion of dollar denominated bonds. The board of directors at its meeting held on Thursday approved allotment of 2,36,47,562 equity shares of the company having face value of Rs 2 each on conversion of 2,542 dollar denominated convertible bonds due in 2032, it said in a regulatory filing.
City Union Bank: The RBI has imposed monetary penalty on City Union Bank for non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on educational loan scheme and credit flow to agriculture.
Havells India: Consumer electrical goods maker Havells India reported 70.95 per cent rise in consolidated net profit at Rs 303.83 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 177.73 crore in the year-ago period, Havells said in a regulatory filing.
Torrent Power: The company posted a consolidated net profit of Rs 398.10 crore in the January-March quarter driven by higher revenues. The company had posted a consolidated net loss of Rs 273.94 crore in the quarter ended on March 31, 2020, a BSE filing said.
Apollo Hospitals: Healthcare major
has upgraded the capacity of Chittoor district hospital to 850 beds as part of efforts to fight the COVID-19 pandemic, Apollo Hospitals Group Joint MD Sangita Reddy said on Thursday.
NDTV: Media firm NDTV reported an over two-fold jump in consolidated net profit at Rs 24.09 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 9.20 crore during the January-March period a year-ago, New Delhi Television Ltd (NDTV) said in a BSE filing.
