NMDC, , ITI: NMDC, Bharat Electronics, ITI, Aster DM Healthcare, Avanti Feeds, Sobha,
, GE Power India, , PNB Gilts, Sastasundar Ventures and are among the companies that will announce their March quarter results today.
Muthoot Fincorp: The gold loan company has picked up 54 per cent stake in Hyderabad-based fintech startup Paymatrix by buying out existing investors as part of its added focus on digital payments segment.
Bharat Petroleum: Kochi Refinery, the largest asset of , is set to complete a Rs 6,000-crore PDP complex by this month-end with the commissioning of the last unit that will manufacture niche petrochemical product acrylate, helping the nation save over Rs 4,000 crore in foreign exchange annually.
Reliance Industries: Asia’s richest man Mukesh Ambani on Monday said there is no option for businesses but to go green and every unit of
would have to pivot as the conglomerate moves towards net-zero.
of India: The country’s largest lender SBI on Monday said its central board has approved a proposal to raise up to Rs 14,000 crore by issuing Basel-III compliant bonds. The bonds are proposed to be raised in Indian or US currency.
India: The country’s largest carmaker said it will increase prices of its entire product portfolio in the second quarter of the current fiscal due to rise in prices of various essential commodities, including steel.
Info Edge (India): The internet conglomerate reported over two-fold jump in its consolidated net profit to Rs 308 crore for the quarter ended March 2021. The company had registered a consolidated profit of Rs 119 crore in the year-ago period.
Indian Bank: The state-owned lender launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore, setting the floor price at Rs 142.15 per share. The committee of directors on capital raising in its meeting held on Monday approved and authorised the opening of the QIP.
Bharti Airtel: The telecom major and Tata Group announced a strategic partnership for implementing 5G network solutions for India. The announcement underscores a push for indigenous 5G solutions in India, as the world’s second-largest telecom market gears up for fifth-generation mobile networks that would enable connecting virtually everything together including machines, objects, and devices at ultra-high speeds.
Adani Transmission: The Adani Group firm will seek shareholders nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures etc in its annual general meeting on July 13.
Oil India: The nation’s second-largest state oil explorer reported 8 per cent drop in March quarter net profit on lower crude oil production. Net profit in January-March 2021 at Rs 847.56 crore was lower than Rs 925.65 crore profit in the same period a year back.
HFCL, Dixon, Tejas Networks: Around 25 telecom gear makers — including Nokia and HFCL — have applied under the Rs 12,195 crore production linked incentive scheme for the sector, according to official sources. Indigenous companies Tejas Networks and Dixon Technologies have confirmed that they will apply for the scheme before the deadline ends on July 3.
PG Electroplast: The consumer durables manufacturing company and electronics manufacturing services provider, said it has received shareholders’ approval for an incoming investment of Rs 76.6 crore into the company.
Videocon Industries: The financial creditors of the debt-ridden
will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan, according to a public notice.
Jaiprakash Associates: The construction & engineering firm reported a decline of 86.2 per cent in its consolidated net profit to Rs 424.41 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 3,068.10 crore in the January-March quarter a year ago.
Kamdhenu: The buildings material maker posted an over 66 per cent rise in consolidated profit after tax (PAT) at Rs 3.84 crore for the quarter ended March 2021, on account of higher income. The company had clocked a PAT of Rs 2.31 crore during the January-March period of 2019-20 fiscal.
Dish TV India: The direct-to-home company said its board has approved raising up to Rs 1,000 crore through a rights issue in one or more tranches. The board of the company in a meeting held on Monday “approved the fundraising of up to Rs 1,000 crores through rights issue of equity shares”, it said.
IIFL Finance: The home finance arm of the company plans to raise up to Rs 5,000 crore, to boost its lending business, through public issue of non-convertible debentures. The company has filed a draft shelf prospectus with stock exchanges BSE and NSE for this public issue of bonds.
