Earnings today: 3M India, Donear Industries, HMT, Kitex Garments, ONGC, Prabhat Dairy and Sunteck Realty are scheduled to announce their September quarter results on Friday.
Dependency Industries: Reliance Industries, the leading power to telecommunications company, said it will invest up to $ 50 million in Breakthrough Energy Ventures II LP (BEV).
Indiabulls Real Estate: Rakesh Jhunjhunwala’s RARE Enterprises purchased 50 lakh shares of Indiabulls Real Estate through a bulk deal on NSE.
Cochin Shipyard: The country’s largest commercial shipbuilder, Cochin Shipyard (CSL), reported a 47.70 percent drop in net profit to Rs 108.36 crore for the September 2020-21 quarter.
HUDCO: The Housing and Urban Development Corporation (HUDCO) reported a 37 percent drop in its consolidated net profit to Rs 457.25 million for the quarter ending September.
PFC: State-owned Power Finance Corporation (PFC) reported a 72% increase in its consolidated net profit of 4,290 crore in the July-September quarter due to higher revenues.
Jindal stainless: The Jindal Stainless group is betting heavily on decorative pipes and tubes in the east, even as the segment was expanding at a rate of 12-13 percent amid Covid-induced disruptions.
Engineers India: State-owned Engineers India will buy back nearly 7 million shares for approximately Rs 587 crore as the government turns to cash-rich energy sources to meet its revenue targets.
Wipro: Wipro is introducing a new operating model starting next year whereby its business will be restructured into four Strategic Market Units (SMUs) and the delivery model will be simplified as the IT giant seeks to drive growth in non-market markets. Americans.
Jubilant FoodWorks: The company, which operates fast food chains Domino’s Pizza and Dunkin ‘Donuts, closed a total of 105 stores in the July-September quarter.
Eicher Engines: The company reported a 40 percent decrease in consolidated net profit to Rs 343.34 crore in the second quarter ended September 30. It had posted a net profit of Rs 572.69 crore in the corresponding quarter of the last fiscal year.
TCS: Tata Consultancy Services (TCS) said it has entered into an agreement with Prudential Financial, Inc (PFI), under which the Indian firm will acquire more than 1,500 employees and select assets from Pramerica Systems Ireland Ltd (Pramerica). The move will help strengthen TCS ‘delivery capacity in Ireland, it said in a statement.
Grasim Industries: Grasim Industries, the flagship company of the Aditya Birla Group, announced the sale of its fertilizer business to Indorama Corporation for Rs 2,649 million.
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