Apollo Hospitals, , HCC:
Enterprises, Allcargo Logistics, Schneider Electric Infrastructure, , & Company, Sharda Motor Industries, Munjal Showa and are among the companies that will announce their March quarter results today.
NMDC: The state-owned metal firm posted a manifold jump in its net profit to Rs 2,838 crore for the quarter ended March 31, 2021. The country’s largest iron ore producer had clocked a Rs 351-crore net profit during the January-March period of the financial year 2019-20.
Hindustan Unilever: The FMCG major has added 30 per cent more capacity in its supply chain, making it more flexible and agile, while adding alternate sources in order to meet the challenges in case of a third wave of COVID-19, its Chairman and Managing Director Sanjiv Mehta said.
HDFC Bank:
along with its subsidiary HDFC Securities will pick up stake worth Rs 6.9 crore in backend software infrastructure development company Borderless Softtech. The private sector lender offloaded leading depository CDSL’s shares worth a little over Rs 185 crore through an open market transaction.
Vodafone Idea: The telecom operator said it is offering voice and data benefits for low-income group users to reconnect back, as they resume work amid lockdown relaxation.
Hero MotoCorp: The two-wheeler maker will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices. will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1.
Adani Ports and Special Economic Zone: The Adani Group firm has been excluded from investment by Norway’s largest pension fund, KLP and the KLP Funds with effect from June 2021.
Siemens: Wipro Lighting announced to partner Enlighted, a
group firm, to provide an internet of things (IoT)-based solution for commercial buildings and make workplaces smarter.
IDBI Bank: The government invited bids from transaction advisors and legal firms for assisting in the strategic sale of IDBI Bank. The Cabinet had in May given in-principle approval for IDBI Bank’s strategic disinvestment along with transfer of management control.
Sobha: The realty firm reported a 65 per cent decline in its consolidated net profit at Rs 17.9 crore for the quarter ended March. Its net profit stood at Rs 50.7 crore in the year-ago period.
Minda Industries: The auto components maker said it will acquire 51 per cent stake in Uzbekistan-based automotive lighting manufacture UZ Chasys for around Rs 58 crore.
Capital: The NBFC reported a consolidated net loss of Rs 5.54 crore for the last quarter of the fiscal ended March 2021, while the full year loss stood at Rs 42 crore. The company, which is set to acquire the troubled PMC Bank alongside BharatPe, had reported a net profit of Rs 25.05 crore in the same quarter a year ago.
Jaypee Infratech
: The Debt-laden realty firm has posted a consolidated net loss of Rs 491.60 crore for the quarter ended March 2021. The company had reported a net loss of Rs 940.53 crore in the year-ago period.
