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Maruti, Kotak Mahindra Bank: ABB, Siemens, Maruti Suzuki, Kotak Mahindra Bank, GCPL, Mphasis and Escorts Finance are among the companies that will disclose their earnings for the March quarter today.
Retirees Life Sciences: The company said it has signed a non-exclusive licensing agreement with Gilead Sciences, Inc that will grant it the right to register, manufacture and sell the latter’s investigational drug, remdesivir, a potential therapy for COVID-19, in 127 countries, including India.
Vedanta Vedanta’s main mining developer, Anil Agarwal, will take over the private company. In a presentation of the stock exchange at dusk, the company announced the decision of its parent, Vedanta Resources, promoted by the billionaire.
Nestle India: Nestlé India, the maker of Maggi and chocolate noodles Kitkat, reported a 13.54 percent jump (year-over-year) in net profit for the quarter ending March on Tuesday.
Bandhan Bank: Private lender Bandhan Bank on Tuesday posted a 29 percent quarterly drop (QoQ) in net profit of Rs 517.28 crore for the quarter ended March 31 due to a more than double increase in provision and contingencies .
Vodafone idea: Vodafone Group Plc is likely to inject Rs 285 million (€ 35 million) more into its Indian telecommunications joint venture, Vodafone Idea, in September, under a previously agreed mechanism. The UK group also raised concerns regarding Vodafone Idea’s ability to generate cash to settle or refinance its liabilities and guarantees, including those related to its adjusted gross income (AGR) shares.
IndiaMart InterMESH: B2B e-commerce company Indiamart on Tuesday posted a 57 percent increase in consolidated net profit to Rs 44 crore in the fourth quarter ended March 31, 2020. The company had posted a net profit of Rs 28 , Rs 2 million in the same period of 2018 -19.
SpiceJet, InterGlobe Aviation: India may allow airlines to partially resume operations in the second half of May or early June, senior government officials said. Days after train services were allowed on a limited scale, the government may allow some flights to operate between key cities.
Trusted industries: RIL raised more than Rs 10 billion rupees in a bond issue on Tuesday selling notes with maturities of approximately three years, taking the total funds raised in fiscal year 21 through bonds for more than ₹ 21.5 billion . These funds would help the most valued company in India to reduce its borrowing costs.
TTK Prestige: Home appliance maker TTK Prestige has resumed operations at its manufacturing facilities in Tamil Nadu and Maharashtra with limited manpower, the company said Tuesday.
NMDC: The country’s largest iron ore miner said he has cut prices for ore chunks and fines by Rs 400 per ton. The company has reduced the price of lumps or high-grade iron ore by Rs 400 to Rs 2,250 per tonne, the company said in an EEB statement.
Havells India: Consumer electric goods maker Havells India reported a 10.69 percent drop in its consolidated net profit to Rs 177.73 crore for the fourth quarter ending March 31.
JK role: The company reported a 17.91 percent decrease in consolidated net profit of Rs 92.72 crore for the fourth quarter ending March 2020 due to coronaviruses and subsequent outages.
Blue Star: Commercial air conditioning and refrigeration company Blue Star reported on Tuesday an 88.85 percent decrease in consolidated net profit to Rs 8.90 crore for the quarter ending March due to the Covid-19 pandemic and subsequent blockade.
Sterlite Technologies: Data network solutions provider Sterlite on Tuesday posted a decrease of more than 50 percent in its consolidated net profit to Rs 80.3 crore for the March quarter, due to protracted industry challenges and the Covid crisis -19.
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