Tech Mahindra: The IT major said it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about Rs 898 crore) to augment hybrid-cloud offerings for enterprise customers globally.
ACC: The cement maker reported a 74.17 per cent increase in consolidated net profit to Rs 562.59 crore for the first quarter ended March 2021, helped by an increase in sales and cost efficiency.
Indian Overseas Bank: The bank said it has convened an extraordinary general meeting (EGM) next month to seek shareholders’ approval for issuance of preferential shares to the government for Rs 4,100 crore capital infusion in 2020-21.
ICICI Prudential Life: Despite reporting a good set of overall numbers, an accelerated provisioning of Rs 200 crore for the pandemic has crimped net profit of ICICI Prudential Life by 64.2 per cent to Rs 64 crore in the January-March quarter.
Caplin Point: Drug firm Caplin Point Laboratories said its arm Caplin Steriles has received final nod from the US health regulator for generic Milrinone Lactate injection, used for short-term intravenous treatment of patients with acute decompensated heart failure.
Maharashtra Bank: Maharashtra State Bank Employees Federation (MSBEF) said it will launch a state-wide campaign on Tuesday against the Centre’s proposal to privatise some state-run banks.
Crisil: The ratings firm reported a 5.2 per cent decline in consolidated net profit at Rs 83.5 crore for the first quarter ended March 2021. The company follows the January-December financial year. In the same quarter a year ago, the company’s net profit stood at Rs 88.1 crore.
Tata Steel: Tata Steel is supplying up to 300 tonnes medical oxygen from its plants to hospitals for the treatment of Covid-19 patients, the company’s CEO and Managing Director T V Narendran said on Monday.
HCL Tech: IT services major HCL Technologies on Monday said it has signed a multi-million dollar digital transformation and hybrid cloud contract with Japanese commercial vehicle solutions provider UD Trucks.
