HDFC Bank stock price: Stocks in the news: HDFC Bank, Infy, M&M, UltraTech, Lupine and MindTree
MindTree, Mishtann Foods, Sheetal Cool: MindTree, Mishtann Foods, Sheetal Cool Products, Swiss Military Consumer Goods, Star Housing Finance, DRC Systems India, SM Gold, SE Power and Earum Pharmaceuticals are the companies that will announce their March quarter results today.
HDFC Bank: The country’s largest private sector lender reported a 23% increase in its standalone net profit to Rs 10,055.20 crore for the March quarter, driven by growth in loan demand across all categories and the lower provisioning as bad debts have been reduced.
Infosys: The IT services giant posted a 12% increase in net profit in the March quarter and said it was moving operations out of Russia, joining a growing list of companies pulling out of the country after the invasion of Ukraine via Moscow.
Mahindra and Mahindra: The local auto major said it had agreed to sell more than 34.75 lakh shares, constituting 22.81% of paid-up capital, of Mahindra Sanyo Special Steel (MSSSPL), to Japanese company Sanyo Special Steel in the part of a Rs 212 crore deal.
Cement: The country’s leading cement maker has announced an investment of $101.10 million (Rs 839.52 crore) for a 29.39% stake in UAE-based RAK Cement Co for White Cement and Construction PSC materials.
Tech Mahindra: The local IT major has announced a collaboration with Keysight Technologies to certify equipment for 5G vendors at its O-RAN (open radio access network) lab in New Jersey, USA.
Coal India: The state-run coal miner is set to launch its own online auction platform, and the major mining company has informed new and existing bidders to register on the portal, a source said. senior manager of the company. Currently, the electronic auction portal is operated by mjunction and the state-owned company MSTC.
Bharat Petroleum Corporation: The public sector oil marketing company said it would invest around Rs 200 crore this financial year to set up 100 fast electric vehicle charging corridors with 2,000 stations along the 100 busiest national highways.
Prudential life insurance ICICI: The private life insurance player posted more than twice its net profit to Rs 185 crore for the January-March quarter due to robust growth in new business. The company had recorded an after-tax profit of Rs 64 crore for January-March FY2021.
Lupine: The local pharmaceutical major said it had received approval from the US health regulator to market its generic version of Desvenlafaxine extended-release tablets used to treat depression.
Tata Power: The Tata Group major has said that a consortium led by US firm BlackRock Real Assets will invest Rs 4,000 crore in its subsidiary, Tata Power Renewable Energy, for a stake of more than 10%.
Prestige Domains: The real estate company reported a 90% increase in sales bookings to a record high of Rs 10,382.2 crore in the last financial year thanks to better demand for its properties. Its sales bookings stood at Rs 5,460.8 crore in the 2020-21 financial year.
Jubilant Ingrevia: The drugmaker has been awarded a CDMO contract worth Rs 270 crore in the specialty chemicals sector from an “international client” for a period of three years. The company will supply two key GMP intermediates for one of the innovator pharma customer’s “patented drugs”.
Bank of India: The public sector lender has applied to the National Company Law Court to request the opening of insolvency proceedings against
Ltd and a moratorium on the assets of the indebted company headed by Kishore Biyani.
Petronet LNG: The operator of the world’s largest liquefied natural gas (LNG) import terminal may consider setting up a fourth facility in the country to meet growing energy demand in Asia’s third-largest economy.
Blue Star: The commercial air conditioning and refrigeration major has set up a new manufacturing plant at Wada in Maharashtra at a cost of Rs 130 crore doubling the production capacity of the freezers.
Alkem Laboratories: The drug company’s Taloja unit was cleared by the US health regulator because the unit did not receive “Form 483” after inspection. The US FDA inspected the company’s bioequivalence center at Taloja in Maharashtra from April 11-14.
Indiabulls Real Estate: The real estate player has raised Rs 865 crore through the issuance of shares to institutional investors. The Mumbai-based company had launched its QIP (Qualified Institutional Placement) issuance on March 7 and closed it on April 12.
NHPC: The public utility player has signed a Memorandum of Understanding (MoU) with the administration of Chamba district, Himachal Pradesh for the development of green hydrogen technologies to produce hydrogen.
Ashiana accommodation: The housing projects player on Wednesday announced a 7% increase in sales bookings to Rs 573.25 crore over the past financial year. Sales bookings in the financial year 2020-21 amounted to Rs 534.68 crore.
Mahindra Holidays & Resorts India: The recreational player said he would increase his stake in Rocksport Pvt Ltd, a company engaged in soft adventure activities and learning programs, to 23.42% with the acquisition of just over 4 .88 lakh shares for Rs 12 crore.
Oriental Hotels: The Taj Group part reported a consolidated net profit of Rs 1.38 crore in the fourth quarter ended March 31, 2022. The company had recorded a consolidated net loss of Rs 4.66 crore in the same period a year ago. year.
Olectra Greentech: The part of industrial conglomerate MEIL said it has started trials of a 6×4 electric dump truck as part of an expansion into the electric truck segment. Manufacturing will soon be scaled up in the state-of-the-art facility that will open on the outskirts of Hyderabad.
Vishal fabrics: The Ahmedabad-based denim maker is ramping up capacity and aims to more than double its exports as part of its bid to take advantage of the China plus one strategy that most global companies have adopted and become the third largest player by FY25.
Windlas Biotech: The pharmaceutical player said it concluded the European Union Good Manufacturing Practices inspection carried out by the National Institute of Pharmacy and Nutrition, Hungary, for its IV plant in Dehradun with zero critical observations.
Lagnam Spintex: Leading high-grade cotton yarn makers recorded a multiple jump in net profit to Rs 28.8 crores in FY22 from Rs.4.47 crores last year. The company reported a 70% increase in its total revenue to Rs 348.95 crore in the 2021-22 financial year.
Den Networks: The cable and broadcasting player announced a 43.43% increase in its consolidated net profit to Rs 48.61 crore for the fourth quarter ended March 2022. The company had recorded a net profit of Rs 33.89 crore in the January-March quarter of last year.
Future businesses: Debt-ridden Future Group has defaulted on interest payments of Rs 1.22 crore owed on non-convertible debentures, according to a regulatory filing. The due date for interest payment of Rs 1.22 crore was April 13, 2022.
Siti networks: Mortgage lender HDFC moved NCLT insolvency court against the country’s first multi-system operator
for an alleged default of Rs 296 crore.