The Indian equity indices are likely to open flat on Friday following mixed cues from global peers. The trend on SGX Nifty indicates a flat-to-positive start for the broader index in India. The Nifty futures were trading 25.50 points or 0.16 percent higher at the 15,839.50 level on the Singaporean Exchange at 7:15 am.
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Zomato | The company will list its shares on exchanges today after its initial public offering (IPO) received a robust 38.25 times subscription.
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Telecom Stocks | Supreme Court bench is likely to pronounce judgment today on Bharti Airtel and Vodafone Idea’s plea seeking adjustment of AGR demand after accounting for “arithmetic errors”.
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Reliance Industries | The energy-to-digital-to-retail conglomerate will report its earnings for the quarter ended June 2021 today. On a consolidated basis, analysts expect revenue growth of 3.3 percent at Rs 1.54 lakh crore. EBITDA is expected to be flat at Rs 23,300 crore, while margins are expected to be at 15.1 percent and the profits are expected to fall by nearly 18 percent, sequentially.
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Wipro | The company launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform.
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Hero MotoCorp | The company launched an updated version of its Maestro Edge 125 scooter model with prices starting from Rs 72,250.
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Mphasis | The company’s Q1FY22 net profit rose 7.2 percent to Rs 339.7 crore from Rs 316.9 crore, while revenue increased 6.6 percent to Rs 2,690.8 crore from Rs 2,524.2 crore, QoQ.
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Tata Power | The company has signed a share purchase agreement (SPA) with Tata Power International Pte., a wholly-owned subsidiary of the company, for the sale of 100 percent equity shares held in Trust Energy Resources Pte, another wholly-owned subsidiary of the company for a consideration of USD 285.64 million.
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Mahindra Lifespace Developers | The company’s board will consider the proposal for the issuance of bonus equity shares, subject to requisite approvals.
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Persistent Systems | The company’s Q1FY22 net profit rose to Rs 151.2 crore from Rs 137.7 crore, while revenue increased to Rs 1,229.9 crore from Rs 1,113.3 crore, QoQ.
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PSP Projects | The company has secured new work orders worth Rs 82.79 crore to date in the financial year 2021-22 for institutional and industrial projects from various clients.
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ICICI Lombard General Insurance | The company reported a 61.91 percent YoY drop in net profit at Rs 151.63 crore for Q1FY22. Total income rose to Rs 3,246.90 crore from Rs 2,729.67 crore, YoY.
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South Indian Bank | The bank’s Q1 net profit fell 87.4 percent to Rs 10.3 crore from Rs 81.7 crore and NII declined 7.6 percent to Rs 542 crore from Rs 586.9 crore, YoY.
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Indiamart Intermesh | The company’s Q1FY22 consolidated net profit rose 18.6 percent to Rs 87.9 crore from Rs 74.1 crore and revenue increased 18.6 percent to Rs 181.6 crore from Rs 153.1 crore, YoY.
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India Energy Exchange | The company’s Q1FY22 consolidated net profit rose 49.2 percent to Rs 62.8 crore from Rs 42.1 crore, while revenue increased 34.1 percent to Rs 91 crore from Rs 67.9 crore, YoY.
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Can Fin Homes | The company reported a nearly 17 percent rise in Q1FY22 net profit to Rs 108.85 crore from Rs 93.15 crore, YoY.
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Tanla Platforms | The company posted a 32.9 percent jump in its Q1FY22 consolidated net profit at Rs 104.5 crore versus Rs 78.6 crore and revenue was up 37.5 percent at Rs 626.4 crore against Rs 455.5 crore, YoY.
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Balaji Telefilms | The company has appointed Nachiket Pantvaidya as the Group Chief Executive Officer.
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Earnings Today | Reliance Industries, Ambuja Cements, JSW Steel, Federal Bank, United Spirits, Yes Bank, SBI Cards and Payment Services, Crompton Greaves Consumer Electricals, Dynamatic Technologies, Fineotex Chemical, Majesco, Nectar Lifesciences, Panacea Biotec, ABB Power Products and Systems India, SKF India, Symphony, among others.