The Indian market is likely to open higher on Tuesday amid positive momentum in its Asian peers. As of 7:15 am, the SGX Nifty was trading 37.00 points or 0.33 percent higher at 11,418.00, indicating a positive start for Sensex and Nifty50.
OSE | The bank plans to hire more than 14,000 people this year.
Dr. Reddy Labs | The company has launched Fulvestrant injection in the US market. (Image: Reuters)
Future companies | The company reported a consolidated net loss of Rs 394.77 crore in the fourth quarter of 2020 versus a net profit of Rs 66.58 crore. Revenue fell 50.01 percent to Rs 783.28 crore from Rs 1,566.96 crore.
EIH | The company’s board of directors has approved raising up to Rs 350 million through correct issuance.
Overseas indian bank | The bank has lowered MCLR rates by 10 basis points in various terms as of September 10.
Dynamics of Bharat | The government has proposed to sell up to 1.83 million shares (10% stake) and an additional 91.6 million shares (5% stake) at a minimum price of Rs 330 per share.
Amber Enterprises India | The company’s board of directors approved the issuance of QIP at a minimum price of Rs 1,798.72 per share.
Info Edge (India) | The company’s stand-alone net profit in the first quarter of fiscal 21 increased 24.7 percent to Rs 83.2 crore, while revenue fell 10.5 percent to Rs 280.1 crore year on year. Turnover dropped 44 percent to Rs 188.6 million.
ITI | The company has signed a memorandum of understanding with Ilantus Technologies to offer solutions to government agencies, defense, USP and the banking sector. The company also received a letter of intent from Bharti Airtel for the deployment of fiber at home in 8 circles around the country.
Dairy food parag | The company’s net profit in the first quarter of fiscal 21 fell to Rs 3.23 crore from Rs 27.5 crore, while revenue decreased to Rs 435.6 crore from Rs 629.74 crore, year over year.
Dhanuka agritech | The company has launched two fungicides for winegrowers.
Rushil decoration | The company has set September 11 as the record date to receive title rights in the rights issue.
McNally Bharat Engineering Company | The company’s loss in Q1FY21 was Rs 30.67 crore versus a loss of Rs 32.58 crore, while revenue was Rs 104.95 crore versus Rs 222 crore, year over year.
