TCS: TCS, the largest IT company, said on Wednesday that its net profit fell 7.05 percent to 7,475 crore for the September quarter compared to 8,042 crore in the same quarter last year. Peer Infosys will also be in the spotlight after TCS earnings.
Jet Airways: Kalrock Capital, a London-based asset management company, said it, along with an investor from the United Arab Emirates, Murari Lal Jalan, have been chosen as the new owners of the bankrupt airline Jet Airways.
L&T, IRCTC and GMR Infra: Cube Highways, GMR Highways, IRCTC, L&T are among the 15 companies that have submitted applications to qualify to operate passenger trains in the country. In total, 150 requests were received for 12 clusters where private trains will be operated.
Adani Power: The company said energy court APTEL upheld an order from electricity regulator MERC for compensation for the unavailability of coal for its branch Adani Power Maharashtra Ltd (APML).
Reliance Industries (RIL), Future Group because: Global retail giant Amazon has sent legal notice to Future Group promoters for allegedly breaching a non-compete contract over the latter’s deal with RIL, ET Now reported Wednesday.
Maruti Suzuki: The country’s largest automaker, Maruti Suzuki India, said on Wednesday that its total production in September increased 25.63 percent to 1,66,086 units. The company had produced a total of 1,32,199 units in the same month last year, Maruti Suzuki India (MSI) said in a regulatory filing.
Wipro: TI’s major is likely to consider a share buyback at his next board meeting on October 13.
OSE: The quality of the loan portfolio is one of the key priorities of Dinesh Kumar Khara, who assumes the position of president of the country’s largest lender, State Bank of India (SBI).
Vedanta: The reverse book construction exercise to remove Vedanta Ltd shares from the BSE and the National Stock Exchange saw more than 17.15 million shares go up for auction as of Wednesday, according to data from the stock exchange.
ZEEL: Zee Entertainment Enterprise Ltd (ZEEL) said on Wednesday that its independent director, Manish Chokhani, paid a fine of Rs 8.20 lakh for violating insider trading rules. The company has transferred that amount to the Investor Protection and Education Fund (IPEF) managed by market regulator Sebi, ZEEL said in a regulatory document.
ICICI Prudential Life Insurance: ICICI Prudential Life Insurance said on Wednesday that it will raise up to Rs 1,200 crore by issuing non-convertible bonds (NCDs) on a private placement basis.
Bandhan Bank: Bandhan Bank’s average collection efficiency has improved 92% at the end of September from 76% three months ago, while its loan portfolio has grown 20% year-on-year. The liquidity coverage ratio was a comfortable 157% compared to the current regulatory stipulation of 90%, the bank reported.
ITC: ITC’s health and hygiene brand, Savlon, is growing at a 3- to 4-fold rate compared to last fiscal year and will hit the Rs 1 billion sales mark this year, the CEO of the ITC said. personal care products division, Sameer Satpathy.
Bharti Airtel: Bharti Airtel has renewed its 4G network expansion contract with Swedish equipment provider Ericsson for eight telecommunications circles in the country, a move that will help the telecommunications operator prepare for the rollout of 5G technology in the coming years.
Vedanta: The reverse book construction exercise to delist Vedanta Ltd shares from the BSE and the National Stock Exchange saw more than 17.15 million shares go up for auction as of Wednesday.
HDFC Bank, Apollo Hospitals: HDFC Bank announced on Wednesday a partnership with Apollo Hospitals through which its clients can make use of unsecured loans of up to Rs 40 lakh to pay for medical expenses incurred in the healthcare chain.
PVR, Inox leisure: The Delhi government allowed cinemas, theaters and multiplexes to reopen with up to 50 percent of their capacity from October 15.
Alchemist: The New India Assurance Co sold 1.15,000 shares of Alchemist at 4.79 rupees per share. The insurer had a 1.47% stake in the company at the end of June.
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