Sun Pharmaceuticals is likely to report up to 35% year-on-year drop in net profit for June quarter on flat sales.
Reliance Industries reported a consolidated profit of Rs13,248cr in Q1FY21. Consolidated revenue stood at Rs1,00,929cr.
Kesoram Industries Board approved raising up to Rs2,000cr via equity, debt.
Indian Overseas Bank Board approved raising up to Rs500cr via equity and Rs1,500cr in Tier II capital.
Lakshmi Vilas Bank has extended the exclusivity period for the proposed amalgamation of Clix Capital Service and Clix Finance into the bank till Sept. 15
HDFC’s Public shareholders give nod to raise up to Rs1.25 lakh crore via NCDs, approval for sale of shares held in HDFC Life Insurance an HDFC Ergo General Insurance (pursuant to RBI guidelines/approval).
InterGlobe Aviation: Board has decided to further deliberate on the matter relating to raising of funds at a subsequent meeting.
Jet Airways said that pursuant to NCLT Order, and in exercise of its buyout option, the company has made payment of $13 million to the lessors of the six aircrafts.
UltraTech Cement has completed the divestment process of Shandong Binani Rongan Cement upon receipt of all regulatory approvals.
Dixon Tech in focus as Government of India puts import of TV sets in restricted list. Importers will have to approach DGFT to apply for licence before importing TV sets.
LIC increased its stake in Bata from 4.46% to 6.47% from Aug. 2019 till July 29.
Satin Creditcare Network Board approved issue of 2 crore rights shares at Rs60 per share aggregating to Rs120cr.
CCI has approved acquisition of 49% stake of Odisha Power Generation Corporation by Adani Power.
Tata Power Shareholders give nod to issuance of equity shares to promoter Tata Sons on a preferential basis.
REC said that it is reviewing power contracts to comply with import curbs and stated in an email that a Chinese firm has been removed from
J&K smart meter contract. (Bloomberg News)
Wipro awarded multi-year contract by U.K.-based Metro Bank for IT solutions.
Care Ratings has downgraded Future Supply Chain Solutions long-term banking facilities, NCDs and long term loans to CARE BB+ from CARE A-.
Rashtriya Chemicals & Fertilizers Board to consider raising Rs500cr via NCDs on Aug. 5.
Amber Enterprises to consider raising funds on Aug. 7.
Sagar Cements on Covid-19 impact informed that it opted to avail the RBI Covid-19 relief package under which moratorium of 3 months towards servicing of interest and instalments on the working capital and term loan facilities.
Can Fin Homes Board approved appointment of Canara Bank’s MD and CEO Lingam Venkata Prabhakar as the company’s additional director (non-executive) till Dec. 2022.
CSB Bank reduced MCLR by 30-40 basis points across various tenors with effect from Aug.1.
