Power Grid, Tube Investment, Nacto Pharma: Power Grid Corporation,
, Natco Pharma, Indostar Capital Finance, Novartis India, Healthcare Global Enterprises, Jammu & Kashmir Bank, DB Corp, Nava Bharat Ventures and are among the companies that will announce their March quarter results today.
RCom: The bankrupt
(RCom) has written to the telecom department to renew its telecom licence for another 20 years, a move aimed to retain its rights over spectrum and to keep its enterprise business running.
Finance: The NBFC said it will buy back bonds issued by it in January 2019 for a limit up to Rs 450 crore. The decision was taken by the Banking and Finance Committee of the company at a meeting held on June 16, 2021.
Welspun Enterprises: The construction & engineering company said its consolidated net profit fell 54 per cent to Rs 40.94 crore during the quarter ended March 31. The company had clocked a consolidated net profit of Rs 89.08 crore in the corresponding quarter a year ago.
Dr Reddy’s Labs: The pharma major, which has soft-launched Russias COVID-19 vaccine Sputnik V here has expanded the pilot which is in the final leg to other cities such as Mumbai, Bangalore and New Delhi.
Punjab & Sind Bank: The PSU lender said it has declared Lanco Infratech Ltd as a fraud account. The NPA account, Lanco Infratech Ltd, with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI today as per regulatory requirement, the bank said.
CESC: The utility distributor posted over 13 per cent jump in its consolidated net profit to Rs 429 crore in the March 2021 quarter, mainly due to higher revenues. The company’s consolidated net profit had stood at Rs 378 crore in the quarter ended March 31, 2020.
PNB Housing Finance: Amid concerns raised in certain quarters about its proposed Rs 4,000 crore-deal with Carlyle group, PNB Housing Finance on Wednesday said the process followed in determining the issue price for its securities was in line with the “market practice” followed by listed companies and in compliance with the applicable law.
Federal Bank: The private lender said its board has approved issuing equity shares to World Bank arm International Finance Corporation and associates for over Rs 916.25 crore. The decision was taken by the board of directors at its meeting held on June 16, 2021.
