Vodafone Concept, Bharti Airtel: Telecom firms akin to Bharti Airtel, Vodafone Concept and Reliance Communications will likely be in focus as the subsequent Supreme Courtroom listening to of the adjusted gross revenues (AGR) case for telcos is scheduled for Monday.
Can Fin Houses, Petronet LNG: Can Fin Houses, Petronet LNG, Lux Industries, HFCL, Scooters India, Suven Pharma, Sical Logistics and Orient Paper are amongst firms that are scheduled to report their quarterly outcomes in the present day.
ICICI Financial institution: The personal lender mentioned it accomplished the allotment of fairness shares underneath its certified establishments placement and raised about Rs 15,000 crore by means of the issuance of 41.89 crore fairness shares at a problem worth of Rs 358 per unit.
RIL: Reliance Industries (RIL) is in talks to accumulate on-line furnishings model City Ladder and milk supply platform Milkbasket, The Occasions of India reported.
NPTC: State-run energy big NTPC mentioned it has begun bulk provide of fly ash utilizing newly developed infrastructure at its Rihand undertaking in Uttar Pradesh to distant cement vegetation
Ujjivan Small Finance Financial institution: The SFB is anticipating contraction in curiosity and charge incomes this fiscal attributable to enterprise disruptions brought on by COVID-19 and ensuing lockdowns, its annual report has mentioned.
IDBI Financial institution: The financial institution rejected a revised provide from Mauritius-based Royal Associate for Essar group arm EPC Constructions, after the investor sought a 10 per cent low cost on its earlier provide of Rs 1,150 crore citing the corporate’s “worth erosion” throughout insolvency proceedings.
BPCL: Privatisation-bound nationwide refiner BPCL mentioned it has scaled down capex plans for FY21 to Rs 8,000 crore from Rs 12,500 crore initially deliberate as initiatives are caught attributable to unavailability of expert manpower.
Sobha: The realty agency will deal with promoting housing items price Rs 11,000 crore in ongoing initiatives over the subsequent few years, and will likely be cautious in launching new initiatives amid the COVID-19 pandemic, a high firm official mentioned.
Wipro: The corporate mentioned it has accomplished the acquisition of Brazilian IT agency IVA Servicios de informatica Ltda. In July, Wipro introduced that it had signed an settlement to accumulate IVIA for USD 22.four million (about Rs 169 crore).
Federal Financial institution: The financial institution is seeking to enter the bank card phase within the subsequent one 12 months to finish its suite of lending merchandise, a senior official mentioned on Sunday. The financial institution, which already has a co-branded card providing with SBI Playing cards, will deal with its current buyer base of over 1 crore to promote playing cards, its nation head for deposit, playing cards and private loans Nilufer Mullanfiroze advised PTI.
ONGC: Costs of pure fuel in India are more likely to be minimize to $1.9-1.94 – the bottom in additional than a decade – from October, denting revenues of producers akin to ONGC who’re already incurring enormous losses on fuel manufacturing.
MCX: The corporate is all set to launch the nation’s first bullion index, Bulldex, on August 24. “MCX iCOMDEX Bullion Index Futures contracts, expiring September, October and November, will likely be out there for buying and selling with impact from August 24,” the commodity trade mentioned in a round on Saturday.
India Grid Belief: Sterlite Energy offered 14.7 per cent stake held in India Grid Belief (IndiGrid) for Rs 840 crore to institutional and excessive internet price particular person (HNI) traders. Danske Make investments India Fund, Larsen & Toubro, Morgan Stanley Asia Singapore, Pragya Equities, Profitex Shares & Securities and Societe Generale lapped up the identical.
Mahindra & Mahindra: House-grown auto main Mahindra & Mahindra (M&M) unveiled the all new model of its iconic SUV Thar, which it plans to launch later this 12 months.
Glenmark Prescription drugs: The pharma agency posted an over two-fold improve in consolidated internet revenue at Rs 254.04 crore for the quarter ended June.
Berger Paints India: Te paints maker reported a 91.44 per cent decline in consolidated internet revenue to Rs 15.09 crore for the quarter ended June, hit by the Covid-19 disaster.
CD Energy and Industrial Options: Non-public fairness big KKR India and non-banking finance firm (NBFC)L&T Finance minimize their stake in Gautam Thapar-promoted CG Energy and Industrial Options. In September 2019, Non-public fairness big KKR India had picked up almost 10 per cent stake in CG Energy and Industrial Options for over Rs 89 crore by implementing pledge on credit score amenities prolonged to a promoter agency of the crisis-hit firm.
PTC Industries: Kochi-based investor Porinju Veliyath, Vikas Khemani, founding father of Carnelian Asset Administration, Israr Ali Khan, Mona Russel Mehta and Pankaj Prasoon and HUF lapped up shares of PTC Industries, whereas Pragati India Fund offloaded a complete of seven,85,913 shares within the firm. As at June finish, Pragati India Fund held 20 per cent stake within the firm.
Espresso Day Enterprises: : Cafe chain Cafe Espresso Day (CCD) is exploring a transition from being only a hangout for the youth to a procuring platform for every day necessities to widen its buyer base and improve footfall.
Nesco: Diversified agency Nesco on Friday reported a 35.73 per cent improve in internet revenue for the quarter ended June at Rs 51.35 crore, largely on the again of decrease bills and better revenue from investments.
Fortis Healthcare: Fortis Healthcare on Friday reported a consolidated internet lack of Rs 187.88 crore for the quarter ended June 30, owing to the affect of COVID-19 pandemic. The corporate had posted a internet revenue of Rs 78.01 crore for the corresponding interval of the earlier fiscal.
United Breweries: The corporate reported a internet loss for the quarter by means of June, as Covid-led disruptions crippled enterprise within the peak season for the maker of the Kingfisher beer.
NLC India: NLC India, a navratna firm underneath the Ministry of Coal on Friday mentioned it has raised Rs 1,000 crore by issuing industrial paper.