ONGC, Ashok Leyland, : Oil and Natural Gas Corporation, Ashok Leyland, Mishra Dhatu Nigam, PTC India, Nirlon, West Coast Paper Mills, Bodal Chemicals, Everest Kanto Cylinders, Take Solutions, Nath Bio-Genes (India) and Arman Financial Services are among the companies that will announce their March quarter results today.
Reliance Industries: The Oil-to-telecom behemoth will holds its 44th Annual General Meeting. Mukesh Amabni led entitu will not only sheds light on the company’s performance of the last year but also reveals the company’s growth plan for the near future, among other things.
Tata Motors: The homegrown auto major said Guenter Butschek will step down as its MD and CEO with effect from June 30. He will, however, continue as a consultant to the company till the end of this fiscal year. The auto major also said it has elevated Girish Wagh as executive director with effect from July 1, 2021.
Infosys: The IT major will commence its up to Rs 9,200 crore buyback from June 25, wherein the IT major intends to buy back shares at a maximum price of Rs 1,750 apiece. The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on June 19, 2021, at the company’s 40th annual general meeting.
Punjab National Bank: The board of state-owned lender is schedule to meet on Friday, which among other routine agenda may take up the proposed investment of Rs 4,000 crore by US-based private equity firm Carlyle and others in its mortgage arm PNB Housing Finance.
ABB India, JSW Steel: The electrical equipment firm ABB India announced completing digitalisation of melt shop at Dolvi Works steel plant in Maharashtra. Located on the western coast of India at Dolvi in Maharashtra, it is JSW Steel’s integrated steel plant having a capacity of five million tonnes per annum (MTPA).
NBCC: Financial creditors of Jaypee Infratech Ltd picked Mumbai-based Suraksha group over state-owned
for taking over the insolvent firm, giving hopes that thousands of homebuyers may finally get possession of their flats after many years of delay.
Spandana Sphoorty Financial: The micro finance institution has raised Rs 337.5 crore through the issuance of market-linked debentures (MLD). The market-linked debentures were issued at an 11 per cent yield and will mature in 30 months.
Apollo Hospitals: The healthcare chain reported a consolidated net profit of Rs 169.89 crore for the fourth quarter ended March 31, 2021. The company, which posted a consolidated net profit of Rs 209.60 crore in the corresponding quarter of the previous fiscal.
Hindustan Construction Company: The construction firm reported 49.48 decline in net profit at Rs 157.28 crore for the quarter ended March 31, 2021. The company had clocked a profit of Rs 311.38 crore in the year-ago period.
MTNL: The Department of Telecom allocated the spectrum for 5G field trials to the state-owned telecom firm MTNL with C-DoT as its technology partner, according to an official source.
Indian Hotels Company: Tata group hospitality firm said it has crossed the milestone of over 10 lakh meals delivered by its culinary platform – Qmin to healthcare providers during the second wave of coronavirus pandemic.
IIFL Securities: The brokerage house has partnered with global investment platform Stockal to attract USD 75-100 million worth of cross-border investments from Indian investors in the next 12 months.
Shyam Metalics, Sona Comstar: The companies look set to debut on bourses. The IPO of both companies was open for subscription between June 14-16.
