INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange traded 5 points, or 0.04 per cent, lower at 12,124.50, indicating a weak start for Dalal
Here are few stocks that may buzz during the day:
YES Bank: The private lender will convene an extraordinary general meeting (EGM) in
The meeting will discuss increasing the authorized share capital from Rs 800 crore to Rs 1,100 crore and to alter the Clause V of the
Memorandum of Association of the bank relating to capital.
Dalmia Bharat: Dalmia Bharat consolidated net profit dipped 16 per cent to Rs 26
crore in the quarter ended December 2019
Total revenue of the company fell to Rs 2,486 crore in the third quarter from Rs 2,228 crore a year ago.
Bharti Airtel: Telecom operator
Tata Teleservices said the Department of Telecom (DoT) has approved the merger of its consumer mobile business with Bharti Airtel.
HCC:
Hindustan Construction Company (HCC) reported a net profit of Rs 234 crore for the October-December quarter of 2019-20 against Rs 9.91 crore
in the year-ago period mainly on the back of 'write-back' of Rs 331 crore of provisions.
GE T-D India: GE T-D India announced it has bagged
a contract by state-run Power Grid Corporation for constructing 765-kiloVolt (kV) Gas-Insulated Substation (GIS) bays at Phagi in Jaipur
district of Rajasthan.
United Breweries: United Breweries reported a consolidated net profit of Rs 107 crore for quarter ended on December
31, 2019, against Rs 109.48 crore for the corresponding period of the previous fiscal.
IDFC: IDFC reported narrowing of its consolidated net
loss to Rs 342.67 crore for the quarter ended December against that of Rs 670.92 crore in the same period of the previous fiscal.
Indiabulls
Group: The National Company Law Tribunal (NCLT) allowed Indiabulls to recover its dues originating from loans assigned to it by Dewan
Housing Finance (DHFL), saying these transactions were completed before the moratorium kicked in.
Aurobindo Pharma: Aurobindo Pharma said
its net profit for the quarter ended December 31, 2019 was marginally down by one per cent to Rs 705.3 crore against Rs 712.2 crore during
the corresponding period last fiscal.
UCO Bank: UCO Bank said its net loss narrowed to Rs 960.17 crore in the third quarter ended December
2019 as compared to Rs 998.74 crore in the corresponding period last year.
Reliance Industries:Reliance Industries said its purchases of
crude oil from US-sanctioned Venezuela are reported and approved by the US government and that it remains in compliance with the
sanctions.
JSW Steel: JSW Steel has bagged fourth iron ore mine in the ongoing auctions in Odisha with the latest win of Jajang block that
holds estimated reserves of 39 million tonnes, a PTI source privy to the development said.
GSK Consumer: GlaxoSmithkline Consumer Healthcare
reported a 25.13 per cent jump in standalone net profit to Rs 276.63 crore for the quarter ending December 2019, driven by cost
efficiencies.
Indraprastha Gas: Indraprastha Gas, the firm that supplies CNG to automobiles and piped cooking gas to household kitchens in
national capital and adjoining towns, reported a 43 per cent jump in its third quarter net profit on rise in gas sales volumes.
Greaves
Cotton: After registering an annual growth of 11 per cent in the last two years, diversified engineering company Greaves Cotton expects to
grow in line with the fast-growing e-mobility and automotive sectors going forward, a top company official said.
NMDC: NMDC said its
consolidated net profit declined 12.75 per cent to Rs 1,375 crore for December quarter mainly on account of fall in income.
Adani
Transmission: Adani Transmission on Thursday said its arm Adani Electricity Mumbai Ltd (AEML) has raised USD 1 billion (over Rs 7,000 crore)
by issuance of dollar bonds
Adani Green: Energy major TOTAL will acquire 50 per cent stake in all operational renewable energy projects of Adani Green Energy Ltd
(AGEL) for USD 510 million.
Wipro: IT company Wipro said automotive technology supplier Marelli has awarded it a multi-year strategic
deal.
Vodafone Idea: Telecom operator Vodafone Idea will drop brand name "Idea" from its postpaid services, according to an announcement
made by the company on Thursday.
Coffee Day Enterprises:Coffee Day Enterprises said a report is likely to be tabled shortly on the
investigation into the circumstances that led to alleged suicide of the company's chairman V G Siddhartha.
Indian banks: Indian banking
system may be staring at big challenges, but is at the cusp of huge growth in the next decade, TCS chief executive Rajesh Gopinathan
There are very few industries which can boast of a 15 per cent growth on a yearly basis for ten years, he added.