INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange traded 24.50 points, or 0.20 per cent, lower at 12,172, indicating a negative start for
of its subsidiary Sterling - Wilson Solar
Infosys: Markets watchdog Sebi is likely to call for a forensic audit of the books of
Infosys as it continues to probe whistleblower
allegations of alleged financial irregularities at the company, according to sources.
Coffee Day Enterprises: The Coffee Day Group has
signed up with the Chennai-based Shriram Group to sell one of its financial services units, Way2Wealth Securities, for an undisclosed sum as
part of its efforts to dispose of non-core assets to cut debt and shore up resources for working capital.
UltraTech, Bank of
Baroda:UltraTech Cement, JSW Steel, Bank of Baroda, Indian Bank, Prestige Estates and EIHare some of the companies which will report their
Decemner quarter earnings today.
JSW Steel: The company plans to raise Rs 1,000 crore through allotment of 10,000 secured, redeemable,
non-convertible debentures bearing a face value of Rs 10 lakh each on a private placement basis.
SpiceJet: Budget carrier SpiceJet expects a
The carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh said.
Bharti Airtel: The telecom
operator has sought more time to pay since the top court will be hearing its modification plea next week
Besides, the company's chief regulatory officer Ravi Gandhi has decided to step down from the position.
PNB Housing Finance: Punjab
National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance and decided to maintain a
net profit rose 3.8% boosted by a surge in retail loans despite a fall in corporate loan book reflecting the poor investment
climate.
Biocon: The company reported a near 7% decline in net profit to ?203 crore in the October-December quarter on the back of higher
research and development (R-D) expenses and tax impact of an exceptional item.
SBI: Arm SBI Cards - Payments Services is trading at a Rs
200-250 premium in the grey market ahead of its proposed share sale in February, said three dealers involved in such trades
valuable pure-play listed insurer, reported flat growth in net profit in the three months to December, reflecting the bottom-line impact of
million square feet information technology park in Chennai, making the south Indian city its second largest market after Gurugram.
Jindal
Steel: The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned till January 31 its hearing on Bhushan Power and Steel
Ltd's sale to JSW Steel under the insolvency process.
Coromandel International: The stock of Coromandel International has gained 20 per
These products typically fetch higher margins.
ITI: Ahead of the further public offering (FPO), public sector unit ITI said it intends to
raise about Rs 1,400 crore of which Rs 607 crore shall be utilised for repaying loans.
Cholamandalam Investment and Finance: Financial
services company Cholamandalam Investment and Finance reported a 28 per cent jump in net profit at Rs 389 crore for the quarter ended
December 31.
Nippon Life India Asset Management: The country's fifth largest mutual fund by assets saw its net profit for the December
quarter rise by 36% to ?149 crore from the same period a year ago.
ZEE Media: Broadcast news network Zee Media Corporation on Thursday
reported a consolidated net loss of Rs 181.87 crore in the third quarter ended December 2019.
Zensar Tech:Zensar Technologies on Thursday
posted a 32.6 per cent fall in net profit to Rs 39.5 crore for the December 2019 quarter
It had posted a profit of Rs 58.6 crore in the year-ago period, Zensar Technologies said in a statement.
PVR: Multiplex operator PVR Ltd on
Thursday reported a consolidated net profit after tax at Rs 36.26 crore in the third quarter ended December 2019.
BSE: Leading stock
exchange BSE has said it will introduce future contracts on aluminium and zinc from January 27.