Earnings today: HDFC Life Insurance Company, Britannia Industries, ACC, L&T Technologies, Bank of Maharashtra, Rallis India and CSB Bank are scheduled to announce their financial results for the September quarter on Monday.
DLF: DLF’s rental arm DCCDL has raised a Rs 2.4 billion debt from India’s largest lender, SBI, to refinance its existing debt and fund future expansion plans, a senior company official said.
HDFC Bank: HDFC Bank reported a 16 percent increase in its consolidated net profit to Rs 7,703 crore for the second quarter ended September 30, 2020. Total consolidated income during the quarter under review increased to Rs 38,438.47 crore from Rs 36,130.96 crore in July -September 2019, the bank said in a statement.
Buyers stop: Retail company Shoppers Stop announced the appointment of Venugopal G Nair de Trent as its CEO and CEO. Nair, whose appointment is effective as of November 6, 2020, will take over from Rajiv Suri, who had previously resigned.
Dr. Reddy’s Labs: The drugmaker said that, together with the Russian Direct Investment Fund (RDIF), it received approval from the General Drug Control of India (DCGI) to conduct phase 2/3 human clinical trials for the COVID-19 Sputnik vaccine. V in India.
Cadila Heakthcare: Pharmaceutical firm Zydus Cadila said it received approval from the US health regulator to market ursodiol capsules, used to treat primary biliary cirrhosis, in the United States.
Federal Bank: Setting aside money for potential credit losses in the pandemic resulted in the southern-based Federal Bank on Friday reporting a 26 percent decline in its September quarter net profit of Rs 307.62 crore.
Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank cut its interest rate on home loans to 7 percent on Friday, in line with the offer from market leader SBI.
Tata Communications: Tata Communications on Friday posted a around seven-fold increase in consolidated net profit at Rs 384.81 crore for the September quarter.
Bajaj Consumer: Fast-moving consumer goods company Bajaj Consumer Care Ltd on Friday reported a 1.60 percent increase in its consolidated profit to Rs 56.92 crore for the quarter ending September.
Inox Leisure, PVR: Multiplex operators expect up to 25 percent increase in their operating costs due to mandatory standard operating procedures as they reopen after being closed since the outbreak of the coronavirus pandemic.
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