Delta Corp, Excel Realty N Infra:
, Excel Realty N Infra, Integrated Capital Services, Madhucon Projects, Mapro Industries, and Valencia Nutrition will release quarterly earnings on Friday.
Services: The country’s largest software firm TCS reported a 28.5 per cent jump in June quarter net profit at Rs 9,008 crore, and called out the domestic business as a drag which restricted its overall growth because of the second wave of COVID-19.
Tata Motors, J&K Bank: The homegrown automajor said it has tied up with Jammu & Kashmir Bank for retail finance. It has inked a two-year memorandum of understanding (MoU) with Jammu & Kashmir Bank, the largest commercial vehicle financier in the union territory of Jammu and Kashmir, in a collaborative effort to offer financing options to its customers.
Tata Steel: CARE upgraded long term credit rating on the company to AA+ from AA and the outlook to Stable from Negative.
Coal India: The state-owned cola producer said it has inked a pact for purchase of 11 Russian rope shovels for nearly Rs 1,462 crore. Electric rope shovels play a vital role in opencast mines for loading of material.
Bharat Dynamics: The company has signed a contract worth about Rs 499 crore with the Ministry of Defence for the manufacture and supply of Akash Missiles to the Indian Air Force.
Union Bank of India: The private lender said it has accepted bids to raise up to Rs 1,150 crore by issuing Basel III-compliant bonds. The bank is issuing Basel III-compliant debt instruments in the nature of debentures eligible for inclusion in tier 2 capital of Rs 500 crore with green shoe option of up to Rs 650 crore on private placement basis.
CDSL: The leading depository said the number of active demat accounts opened with it has reached 4-crore mark. CDSL, which began operations in 1999, had 1 crore active demat accounts in September 2015, crossed 2 crore in January 2020, 3 crore in January 2021 and 4 crore in July 2021.
Bosch: The German technology and services major, has launched HygNXT, an educational gaming application that promotes next generation hygiene and good health practices.
Company: The leading NBFC said it has received Rs 312.50 crore from its promoter Shriram Capital Finance in lieu of allotment of preference shares and warrants.
GHCL: The chemicals and textiles manufacturer said its secured creditors have approved the scheme of demerger of the company’s inorganic chemicals and textile businesses. The company’s shareholders and unsecured creditors had already approved the scheme of demerger in April this year. The company will now approach the NCLT for its approval, GHCL said.
Mankind Pharma: The drug firm said it has received licence from the Defence Research and Development Organisation (DRDO) to manufacture and market oral 2-deoxy-D-glucose (2-DG), used for the treatment of COVID-19.
Sanofi India: The Pharmaceuticals and GSK have received approval for their Phase 3 clinical study in India to assess the safety, efficacy and immunogenicity of their adjuvanted recombinant-protein COVID-19 vaccine candidate.
Texmaco Rail & Engineering: CARE reaffirmed long term credit rating on the company at A-, but downgraded outlook to Negative from Stable.
MFI, NBFCs: Domestic ratings agency Acuite Ratings on Thursday said the collection efficiencies of its rated microfinance institutions (MFIs) and smaller non-banking finance companies (NBFCs) have dropped to 65-85 per cent during the first quarter of fiscal 2022.
