ITC, , : ITC, Gujarat Gas, JM Financial, Radico Khaitan,
, Tata Coffee, Sterling and Wilson Solar, Fineotex Chemicals, , Salasar Techno Engineering and TV Vision are among companies that will announce their March quarter results today.
Infosys: The co-founder of IT major S D Shibulal bought shares worth nearly Rs 93 crore of the firm through an open market transaction. This is for the fifth time in May when Shibulal has picked up the shares of the IT major through an open market deal.
Greenply Industries: Kolkata-based playboard major said it will be investing a total of Rs 115 crore for setting up of greenfield plywood and its allied products manufacturing plant in Uttar Pradesh and the plant was expected to be operational by March-April quarter of 2022.
Canara Bank: The state-owned lender said it has appointed S K Majumdar as its chief financial officer with immediate effect. “S K Majumdar, general manager of the bank has been designated as Chief Financial Officer of the bank with immediate effect from May 31, 2021 in place of V Ramachandra, chief general manager,” Canara Bank said.
UPL: The agro-chemical major said it has appointed Ashish Dobhal as Regional Director for India. He takes over from Sameer Tandon, who has now been appointed as Regional Director for ASEANZ (Australia, Southeast Asia and New Zealand), the company added.
Magma Fincorp: The Non-banking finance company reported widening of its consolidated net loss to Rs 647.72 crore for the last quarter of FY21 on accelerated write-offs and provisions. The Poonawala Group announced a new management structure for Magma Fincorp, which it had taken over for Rs 3,456 crore, appointing a new chairman, managing director, and a chief executive.
Igarashi Motors: Auto components maker Igarashi Motors India on Monday said it has resumed operations at its manufacturing plants in Chennai with the Tamil Nadu government allowing exports units to function with 50 per cent workforce.
IRB InvIT: The country’s first listed infrastructure
reported a 4.71 per cent increase in consolidated profit to Rs 180.84 crore for the financial year 2020-21. It had clocked a consolidated profit after income tax of Rs 172.69 crore for the financial year 2019-20.
Jammu & Kashmir Bank: The state-owned lender said its board will meet on June 4 to consider the J-K government’s Rs 500 crore capital infusion plan. A meeting of the board of directors will be held on Friday (June 4) to consider and discuss the proposal of capital infusion in the bank by the government of Jammu & Kashmir as its promoter shareholder.
Websol Energy System: Kolkata-based manufacturer of solar cells and modules reported a net profit of Rs 3.53 crore for the January-March quarter of 2020-21 against a net loss of Rs 5.07 crore in the quarter ended on March 31, 2020.
