| The IT major will announce its June quarter earnings later today. A poll of analysts conducted by CNBC-TV-18 estimates dollar revenue growth of 4 percent, while margins are seen unchanged on a sequential basis because there is no impact of wage hike coming through for the company.
| The company’s Q1FY22 net profit rose 8.2 percent to Rs 343.4 crore from Rs 317.3 crore, while revenue grew 8.6 percent to Rs 2,291.7 crore from Rs 2,109.3 crore, QoQ.
| The company’s subsidiary Adani Airport Holdings has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group.
| The company’s total production at Zinc International rose 62 percent to 61,000 tonnes in Q1FY22.
| The company has received government approval to set up a 4,750 MW renewable energy park in Gujarat.
| The company’s mined metal production in Q1FY22 rose 9 percent to 2,21,000 tonnes from 2,02,000 tonnes, YoY.
| The Supreme Court has stayed a Bombay High Court order that suspended the tender process for power distribution business in Dadra Nagar Haveli and Daman & Diu.
| The company reported a profit of Rs 94.72 crore in Q1FY22 against a loss of Rs 12.36 crore, YoY. Revenue jumped to Rs 602.97 crore from Rs 209.94 crore, YoY.
Bank of Maharashtra
| The bank opened its qualified institutional placement on July 13 at a floor price of Rs 24.89 per share for the issue.
| The company has secured a total business of Rs 206 crore in June 2021.
| The bank has received prior approval of RBI for the exercise of call option on the bank’s Outstanding Basel III Tier 2 Bonds Series I aggregating to Rs 600 crore.
| ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality.
| Samyaktva Construction LLP acquired a 0.37 percent equity stake in the company, increasing shareholding to 5.27 percent from 4.9 percent earlier.
| Infosys, L&T Technology Services, 5paisa Capital, Craftsman Automation, Dodla Dairy, Essar Securities, Hatsun Agro Product, Tinplate Company of India, Vikas EcoTech, among others.