INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic shares are likely to see a positive opening on Friday, tracking Nifty on Singapore Stock Exchange (SGX) and firm global
At 08:01 am, the Nifty futures on SGX were trading 52.50 points or 0.49 per cent higher
the acquisition offer made jointly by Sunil Kant Munjal of Hero Enterprise and the Burman family, giving it victory in a hotly contested
race that saw the combine beating out bids by TPG-backed Manipal Hospitals, IHH Healthcare and Radiant Life Care-KKR
The decision was made late on Thursday evening following a marathon meeting during which the board considered the recommendations of an
advisory committee it had set up last month to evaluate binding proposals, the company said in a statement.
PC Jeweller: The company on
Thursday approved buyback of up to 1.21 crore shares at Rs 350
The company said the aggregate amount will not exceed Rs 424 crore
The board of directors of the company in a meeting on Thursday approved the buy back up to 1,21,14,286 fully paid-up equity shares of Rs 10
each, comprising 3.07 per cent of the total paid-up equity capital of the company at a price of Rs 350 per equity share for an aggregate
amount not exceeding Rs 424 crore.
Key Q4 results today: Allahabad bank, Canara Bank, Sun TV, Tata Global Beverages, UCO Bank, Dena Bank,
Gillette, Gujarat Gas, Havells India, Khadim, Relaxo Foorwears and NDTV would be among the companies scheduled to report their quarterly
Titan: The company on Thursday reported 40.56 per cent YoY rise in net profit at Rs 282.12 crore for March quarter, which was largely in
line with Rs 285 crore estimated by analysts in an ETNow poll
The company had reported Rs 200.71 crore profit in the corresponding quarter last year
Asian Paints: Mumbai-headquartered paint major Asian Paints on Thursday reported a 4 per cent YoY rise in consolidated profit at Rs 480.99
The figures were below ETNow poll of Rs 542 crore
The company had reported a profit of Rs 462.22 crore in the corresponding quarter last fiscal.
Zee Entertainment: The media company on
Thursday reported a 84.75 per cent YoY fall in net profit at Rs 231 crore for March quarter, which fell short of Rs 247 crore profit
anticipated by a Reuters poll
It had reported a profit of Rs 1,515.20 crore in the corresponding quarter last year
The numbers in the year-ago profit was boosted by one-time gain of Rs 1,223 crore on account of sale of TEN Sports sale to Sony
Pictures.
Telecom companies: Reliance Jio Infocomm has expanded the tariff war to the postpaid segment, launching a plan at almost half the
price and with more data than those offered by its rivals
The telecom arm of Mukesh Ambani-controlled Reliance Industries will start offering the Rs 199 a month plan to consumers from May 15, which
will include 25 GB of data, international calls starting at 50 paise per minute and international roaming at Rs 2 each per minute of voice,
per MB of data and per text message, besides free access to all Jio apps.
Jaypee Infratech: Jaypee group has offered 2,000 equity shares of
Jaypee Infratech for free to each home buyer as part of its Rs 10,000 crore proposal to revive the bankruptcy-hit real estate firm, PTI
reported citing sources.
Bharti Airtel: Telecom secretary Aruna Sundararajan expects the Department of Telecommunications (DoT) to approve
highlight the rapid consolidation under way in a brutally competitive market
It remains positive on Vesuvius India led by positive long-term growth outlook
The brokerage is positive on the company also because of its entry into new segments and value addition from local RD centre at Vizag as
well as enough scope of growth from existing capacity coupled with productivity improvements
Shares of Vesuvius India ended up 1.3 per cent at Rs 1,339.25 on Thursday.
Union Bank: Public lender Union Bank of IndiaNSE -4.73 % reported
a standalone net loss of Rs 2,583 crore for fourth quarter ended March 2018, hit by higher provisions and contingencies and loss in
The bank said this loss in March quarter included investment depreciation of Rs 1,120 crore
It had registered a net profit of Rs 108 crore in the corresponding January-March quarter of 2016-17.
Nestle: FMCG major Nestle India on
Friday reported a 35.98 per cent jump in profit at Rs 424.03 crore for the first quarter ended March 31, 2018
The company, which follows January-December financial year, had posted a profit of Rs 311.83 crore in the same period a year ago, Nestle
India said in a BSE filing
Revenue from operations was at Rs 2,757.24 crore during the quarter under review
It stood at Rs 2,601.46 crore in the corresponding period last year, it added.
Mphasis: IT services firm Mphasis reported 29.6 per cent
growth in net profit to Rs 250.8 crore for the January-March quarter
The blackstone-backed firm posed revenues of $1.15 billion for fiscal 2018
During the year-ago period, Mphasis posted a net profit of Rs 193.4 crore on revenues of Rs 1505.9 crore.
Exide Industries: Battery-maker
Exide IndustriesNSE -0.69 % on Thursday reported 15.4 per cent rise in standalone profit for fourth quarter
The company posted profit of Rs 189.56 crore compared with Rs 164.26 crore a year ago
Revenue from operations during the period under review stood at Rs 2,459.41 crore
The company, in a notice to the bourses, said the revenues are not comparable to previous quarters since there has been a change in
accounting treatment of indirect taxes post the roll-out of GST.
Reliance Infratel: Reliance Infratel on Thursday stressed on its desperate
need to sell its towers and fibre to Reliance Jio to pare debt, saying it was in public interest
and minority shareholders, including HSBC Daisy Investments, in the National Company Law Appellate Tribunal (NCLAT)
