Reliance Industries: At its 42nd AGM, the company announced that the Saudi Aramco will acquire a 20 percent stake in the oil-to-chemical business with an enterprise value of $75 billion; JioFiber commercial services will be launched on September 5. (Image: Reuters)
Jet Airways: A day after CNBC-TV18 reported billionaire Anil Agarwal's intention to acquire a stake in now-defunct Jet Airways, the businessman has made it clear he doesn't intend to pursue the deal. In a statement, Agarwal said, "The EOI for Jet Airways by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further." (Image: Reuters)
DHFL: Troubled mortgage lender Dewan Housing Finance (DHFL) has sought Rs 15,000-crore immediate funding from banks for on-lending to retail customers as well as to project developers, say sources. Last week, the nearly crippled company had submitted a draft resolution plan to lenders which are yet to be approved by them. (Image: Reuters)
Bank of India: The lender told CNBC-TV18 that it is cutting its lending rates by 25 bps and margins will be negatively impacted due to the reduction in lending rate. (Image: Stock)
Tata Motors: JLR July retail sales rose 5 percent to 37,945 units, Jaguar sales increased 3.6 percent to 11,386 units and Land Rover sales rose 5.6 percent to 26,559 units YoY. China sales saw a recovery in July. S&P took the company off credit watch, saying Tata Motors' outlook is negative on cash outflows, Brexit. (Image: Reuters)
Torrent Pharma: The company has received a communication from the USFDA classifying the inspection conducted at its Indrad facility in April 2019 as Official Action Initiated. (Image: Company)
JSW Steel: Crude steel production down 4 percent to 13.17 lakh tonnes against 13.78 lakh tonnes YoY. (Image: Reuters)
Motherson Sumi: Q1: Consolidated profit falls 25.2 percent to Rs 331.5 crore versus Rs 443.1 crore, revenue rises 13.7 percent to Rs 16,792.5 crore versus Rs 14,775.5 crore YoY. (Image: Reuters)
Oil Companies: BPCL Q1: Profit falls 65.6 percent to Rs 1,075 crore versus Rs 3,124.9 crore, revenue rises 3.1 percent to Rs 76,318 crore versus Rs 73,990 crore QoQ. Oil India Q1: Consolidated profit at Rs 847.2 crore against loss of Rs 70.6 crore, revenue rises 9.2 percent to Rs 3,380.9 crore versus Rs 3,097.3 crore QoQ. (Image: Reuters)
Muthoot Finance: Muthoot Finance on Monday reported a rise of 9 percent in consolidated net profit at Rs 563 crore for the quarter ended June 30, 2019.
The company's net profit in the year-ago period stood at Rs 518 crore. (Image: Company)