GIC, GSPL & Quess Corp: General Insurance Corporation of India,
, , Quess Corp, Nilkamal, Arvind Fashions, Cupid and Roto Pumps are among companies that will announce their March quarter results today.
Reliance Industries: After record fundraising and debt prepayments, Reliance Industries now has a strong balance-sheet with high liquidity that will support growth plans for its three hyper-growth engines – telecom arm Jio, retail and oil-to-chemicals business, firm’s Chairman and Managing Director Mukesh Ambani said.
Wipro: The IT company said it has sold its entire stake in Denim Group for a consideration of $22.4 million (about Rs 160 crore.
Deepak Fertilisers & Petrochemicals: The company is in talks with multiple foreign companies for potential partnerships, as it looks to hive off its key businesses into separate corporate entities, the company’s chairman said.
PVR: The multiplex operator reported a consolidated net loss of Rs 289.12 crore in the quarter ended on March 31, 2021, as the company continued to be impacted by the COVID-19 pandemic. The company had posted a net loss of Rs 74.49 crore in the same quarter of the last fiscal.
Lupin: The drug maker said the US health regulator has accepted its application for a biosimilar product which is used to treat cancer patients. The US Food and Drug Administration (USFDA) has accepted the Biologics License Application (BLA) for its proposed biosimilar to Neulasta (pegfilgrastim) through a filing.
Wipro: The IT company said it has sold its entire stake in Denim Group for a consideration of USD 22.42 million (about Rs 160 crore).
Ruchi Soya: Patanjali Ayurveda controlled firm said it has made a foray into the nutraceuticals and wellness segment and initially will launch 10 products under the brand ‘Patanjali’ and ‘Nutrela’. The company aims to have a range of products across various product categories in the next one year.
Muthoot Finance: The gold loan finance company reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021. The company had posted a standalone profit after tax of Rs 815 crore in the year-ago period.
Rossari Biotech: The speciality-Chemicals manufacturer announced the acquisition of Unitop Chemicals, a supplier of surfactants, emulsifiers, and specialty chemicals, for Rs 421 crore. Rossari will be acquiring 100 per cent of the equity capital of Unitop Chemicals.
Panacea Biotec: The drug firm reported a consolidated net loss of Rs 54.14 crore for the quarter ended March 31, 2021. The company had posted a net loss of Rs 69.70 crore for the corresponding period of the previous financial year.
MTAR Technologies: The recently listed firm said its profit after tax was up by 47 per cent to Rs 46.1 crore in FY21 against Rs 31.3 crore in the year ago period.
Reliance Infrastructure: The Anil Ambani led firm said its board will meet this week to consider raising funds through various means like issuing equity shares, rights issue and qualified institutional placement. Infusion of fresh liquidity will enhance the company’s financial flexibility and enable it to become a zero-debt company by March next year.
Venky’s India: The demand for eggs, which had fallen during January-February due to the bird flu outbreak, has bounced back with rise in consumption of key poultry commodities to boost immunity amid the second wave of the pandemic.
Capital India Finance: Mortgage player Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal. The housing finance company promoted by NBFC firm Capital India Finance Limited (CIFL) had a loan book of about Rs 135 crore in the financial year ended March 31, 2021.
Sugar stocks: The government has brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India’s dependence on costly oil imports, according to an official notification.
