The Indian market is likely to open lower on Thursday as the trend on SGX Nifty indicates a negative start for the broader index in India amid weak global cues. The Nifty futures were trading 69.00 points or 0.46 percent lower at the 15,069.00 level on the Singaporean Exchange at 7:15 am.
TCS | The IT major has announced further deepening of its ties with Amazon Web Services (AWS) with the launch of the new TCS AWS Business Unit to help enterprise customers accelerate outcomes using AWS.
Titan Company | The company’s Q3FY21 standalone profit fell 10.9 percent to Rs 419 crore from Rs 470 crore, while revenue rose 17.4 percent to Rs 7,287 crore from Rs 6,206.2 crore, YoY.
BPCL | The company will buy out Oman Oil Company’s 36.62 percent stake in the Bina refinery project for approx. Rs 2,399.26 crore.
Magma Fincorp | Rising Sun Holdings Pvt Ltd (RSHPL) will acquire a 60 percent stake (45.80 crores shares) of Magma Fincorp for Rs 3,206 crore at Rs 70 per share.
Eicher Motors | Royal Enfield CEO Vinod Dasari said that it may look at hiking prices from April in view of rising commodity prices. (Image: Company)
Bank of India | The Competition Commission of India has approved the acquisition of 49 percent stake each in BOI AXA Investment Managers and BOI AXA Trustee Services by Bank of India.
National Fertilizers Ltd | The government will sell 20 percent of its stake in the company through an offer for sale and has invited bids from merchant bankers for managing the share sale.
AU Small Finance Bank | The bank has terminated the Corporate Agency Agreement with Acko General Insurance.
Shree Renuka Sugars | The company has approved the capacity expansion for ethanol production from 720 Kilo Litre Per Day (KLPD) to 970 KLPD at a cost of Rs 204 crore.
Aurobindo Pharma | The company’s reported a sharp rise in Q3FY21 net profit at Rs 2,946.3 crore from Rs 705.3 crore, while revenue rose 8 percent to Rs 6,364.9 crore from Rs 5,895 crore, YoY.
Indraprastha Gas | The company’s net profit in Q3FY21 rose 28.4 percent to Rs 381.8 crore from Rs 297.4 crore, while revenue declined 13.1 percent to Rs 1,446.2 crore from Rs 1,664.2 crore, YoY.
Punjab National Bank | The bank has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company’s dealers. (Image: Reuters)
Bata India | The company’s Q3FY21 net profit plunged 77.7 percent to Rs 26.4 crore from Rs 118.2 crore, while revenue fell 25.9 percent to Rs 615.6 crore from Rs 830.8 crore, YoY.
Max India | The company reported a consolidated net loss of Rs 13 crore in Q3FY21 as against a net profit of Rs 347.22 crore, YoY. Revenue remained almost flat at Rs 34.20 crore.
Mindspace Business Parks REIT | The company reported a consolidated net profit of Rs 140 crore in Q3FY21 and declared a distribution of Rs 283.5 crore to unitholders, which is Rs 4.78 per unit to its unitholders.
Ujjivan Financial Services | The company reported a consolidated loss of Rs 490.73 crore in Q3FY21 as compared to a net profit of Rs 74.97 crore, YoY. Total income grew by 3.6 percent to Rs 792.08 crore from Rs 764.71 crore, YoY.
NBCC (India) | The company’s Q3FY21 net profit rose 75 percent to Rs 96.98 crore from Rs 55.54 crore, while total income increased to Rs 2,149.17 crore from Rs 1,979.36 crore, YoY.
Earnings Today | ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Bosch, Capacite Infraprojects, CRISIL, Infibeam Avenues, ITDC, MRF, Natco Pharma, NCC, NHPC, Oil India, Petronet LNG, Power Finance Corporation, Spencers Retail, Zee Media Corporation, among others.