Earnings today: Bharti Airtel, Tata Motors, Amara Raja Batteries, Ceat, Castrol, ICICI Prudential Life Insurance, JM Financial, 63 Moons and VST Industries are among the companies that are scheduled to announce their financial results for the September quarter on Tuesday.
HDFC Bank: At 5:30 p.m. Monday, Aditya Puri left HDFC Bank’s corporate headquarters after handing over the position to Sashidhar Jagdishan as the new CEO and managing director of the largest private sector lender.
Mahindra and Mahindra Financial Services: The company reported a 34 percent increase in consolidated net profit of Rs 353 crore for the second quarter ending September of this fiscal year. It had posted a net profit of Rs 264 crore for the corresponding quarter a year ago.
GHCL: The chemicals and textiles manufacturer reported a 27.71 percent decrease in consolidated net profit to Rs 84.86 crore for the quarter ended September 2020. The company had posted a consolidated net profit of Rs 116.84 crore. in the July-September period a year ago, GHCL said in a regulatory filing.
OSE: The bank said on Monday that it has raised 5 billion rupees by issuing Basel III-compliant bonds.
Cummins India: Electric motor and equipment manufacturer Cummins India said it has successfully completed BS-IV emission standard certification tests for its wheel kits at the International Center for Automotive Technology (ICAT).
NTPC: State energy giant NTPC said its board will consider a proposal to buy back the company’s shares on November 2.
Balkrishna Industries: Balkrishna Industries, a leading manufacturer of off-road tires, which sells under the BKT brand, expects its share of the domestic market to double in the coming years to more than 12%.
Coforge: Hulst BV, the promoter of IT company Coforge, sold 38 lakh of company shares for more than Rs 878 million on Monday. The company was previously known as NIIT Technologies.
Small financial bank of the UA: The company said that customer spending is returning to pre-Covid levels and that its holiday season offering has seen a 23 percent increase in daily spending on debit cards.
Bajaj Auto: The automaker on Monday launched an upgraded version of its entry-level 100cc CT100 motorcycle priced at Rs 46,432 (ex-Delhi showroom).
Torrent Pharma: Pharmaceutical firm Torrent Pharmaceuticals reported a 27.04 percent increase in consolidated net profit to Rs 310 crore for the quarter ending September, mainly due to strong sales in India and lower expenses.
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