Lakshmi Vilas Bank: The bank said due diligence on its proposed merger with midsize non-bank lender Clix Capital Group is “substantially complete” and the parties are in talks about next steps.
Hexaware Technologies: IT firm Hexaware Technologies said market regulator Sebi allowed the extension of the closing of its delisting offer until September 16.
SpiceJet: The low-cost carrier reported a net loss of Rs 600.5 million for the first quarter ending June 30, due to suspension of flight operations due to the Covid-induced lockdown. It had posted a net profit of Rs 262.8 million in the corresponding period of the previous financial year.
Future companies: The company reported a consolidated net loss of Rs 322.92 crore for the quarter ended June 30. The company had posted a consolidated loss of Rs 8.59 crore in the April-June quarter a year ago, Future Enterprises Ltd (FEL) said in a BSE. presentation.
IRB infrastructure developers: The company’s arm has signed a pact with NHAI to execute a section of the Vadodara-Mumbai Expressway in Gujarat at a cost of Rs 1,755 crore. The project is part of Bharatmala Pariyojna Phase 1
Dish TV: DTH service provider Dish TV said it has started to move production of its set-top boxes (STBs) to India, with plans to produce 50 percent domestically by the first quarter of 2021.
Sterlite Technologies: The company said it has partnered with Bharti Airtel to build a fiber optic network for the telecommunications company in 10 telecommunications circles. The modern optical network will allow Airtel to offer an improved customer experience through scalability, reduced latency and improved bandwidth, the company said in a statement.
Mcleod Russel: The auditor for debt-laden tea producer Mcleod Russel has said that the company’s current liabilities have exceeded its assets, pointing to “uncertainty about its ability to continue as a going concern.”
Can Fin Houses: Can Fin Homes, a home financing firm promoted by Canara Bank, said that CARE Ratings has reaffirmed its A1 plus rating on its commercial paper issuance of up to Rs 4,500 crore.
Aurobindo Pharma: The company announced its collaboration with the Biotechnology Industry Research Assistance Council (BIRAC), created by the Department of Biotechnology for the development of the coronavirus vaccine.
InterGlobe Aviation: Aviation regulator DGCA has started a special safety audit of IndiGo and Vistara as part of its ongoing exercise to review and assess the safety mechanism on domestic airlines in the wake of the recent Air India Express plane crash, a senior official said.
Max India: The company said its board approved a capital reduction program under which the company will buy back equity shares worth up to Rs 92 million from public shareholders.
Exide Industries: Lead acid battery maker Exide Industries is focusing on innovations for emerging applications such as hybrid and electric vehicles, a company official said Tuesday. A lithium-ion joint venture has been formed and is well located with an assembly line that has a capacity of 1.5 GWh, he said.
Indiabulls Home Financing: The company said that Brickwork Ratings has assigned a short-term rating of A1 plus to the company, which signifies an adequate degree of security and low credit risk. The rating agency has reaffirmed the long-term rating at AA plus, suggesting a high degree of security and very low credit risk, according to a regulatory document.
MCFL: Mangalore Chemicals and Fertilizers Ltd (MCFL) announced on Tuesday the appointment of Akshay Poddar as company president effective September 29.
Siti Networks: The cable television distributor reported a consolidated net loss of Rs 45.81 million for the first quarter ended June 30, 2020. The Essel Group company had recorded a net loss of Rs 49.48 million in the quarter from April to June a year ago.
EEB: Deutsche Boerse, which sold 12,00,000 shares of BSE on Monday, sold 7,86,933 shares of the company at Rs 554.36 while Nippon India Smallcap Fund bought 5,46,650 shares of the company at Rs 554.
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