Infosys: The IT Major said it has almost completed its buyback programme and its buyback committee will meet on September 8 to consider closure of the buyback programme.
board has approved an up to Rs 9,200 crore buyback plan, at a maximum price of Rs 1,750 apiece.
Bharti : After the success of their offering last year, PepsiCo India and telecommunications services provider Bharti Airtel are doubling down on their partnership to unlock a world-class digital experience with packs of Lay’s, Kurkure, Uncle Chipps, and Doritos.
NMDC: The mining major said it has slashed prices of lump ore and fines by Rs 1,000 per tonne. In a filing to BSE, the company said price of lump ore has been fixed at Rs 6,150 per tonne and that of fines at Rs 5,160 a tonne.
Bharat Petroleum: Fitch Ratings said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatization of India’s second-largest fuel retailer, Bharat Petroleum Corporation.
Adani Transmission: The Adani Group firm said its board has approved the appointment of Rohit Soni as the chief financial officer (CFO) of the company. The appointment is with effect from September 6, 2021,
said.
Edelweiss Financial Services: The financial services player said it has raised Rs 400 crore through issuance of non-convertible debentures (NCDs). The company said the issue has seen significant demand in the retail segment with a total collection of Rs 279.106 crore.
Vodafone Idea: The telecom operator’s financial stress underlined by mounting losses and rising debt is likely to impact its financial lenders and have a bearing on employees and subscribers, ICRA said highlighting that government support is “critical” at this point.
Nuvoco Vistas Corporation: The recently listed cement maker reported a more than 200 per cent rise in consolidated profit to Rs 114.28 crore in June 2021 quarter as against a net profit of Rs 37.52 crore in the year ago period. Revenue decline to Rs 2,202.97 crore from Rs 2,631.61 crore during the period.
Lux Industries: JG Hosiery, which owns the Macho innerwear brand, said it has filed a complaint with advertising watchdog ASCI for allegedly copying its television advertisement by Lux Industries, which rejected the allegations. J G Hosiery’s Amul Macho TOING Ad has been copied by
for its LUX Cozi television commercial.
SpiceJet, Indigo: Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said.
VST Tillers Tractors: The company has entered into an agreement with ETG (Export Trading Group), for distribution of its tractors, power tillers, power reapers and diesel engines in the multiple Southern African markets.
Orient Cement: HDFC Asset Management Company sold 44.70 lakh shares in the company via open market transaction on September 3, reducing shareholding to 2.97% from 5.15% earlier.
Starteck Finance: The company approved to sell 100% stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs 11.45 crore.
