: The Tata Group’s IT major will officially kick-off earning season of India Inc. It will announce its results for the quarter ended September 30, 2022. JTL Infra,
, and are among other companies September 2022 quarter.
HDFC: India’s largest mortgage lender will raise up to Rs 12,000 crore by issuing bonds on a private placement basis next week. The base issue size is Rs 1,000 crore with an option to retain over subscription of up to Rs 11,000 crore.
HCL Technologies: The IT company plans to hire 1,300 people in Mexico over the next two years The move is expected to strengthen its current employee base of 2,400 people in that country.
: The FMCG firm has cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper. HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region.
Tata Motors: The homegrown auto major-owned Jaguar Land Rover reported a 4.9 per cent decline in retail sales at 88,121 units in the second quarter ended on September 30, 2020. The company had posted retail sales of 92,710 units in the same quarter previous fiscal.
: The subsidiary of state-run power transmission player Bhind Guna Transmission has successfully commissioned the transmission system in Madhya Pradesh. The subsidiary secured an order to establish transmission system for intra-state transmission work associated with the construction of a 400kV substation.
Ambuja Cements: The cement player said it has received shareholders’ approval for all proposals in its EGM, including a resolution to raise Rs 20,000 crore from an Adani group firm and appointment of Gautam Adani and others on the board of the company.
: The FMCG firm have cut prices of some soap brands by up to 11 per cent amid palm oil and other raw materials turning relatively cheaper. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent.
Tata Power: The Tata Group firm said it plans to develop around 10,000 MW of renewable energy capacity, mainly solar energy, in the next five years in Rajasthan, and also build a robust electric vehicle charging infrastructure. Tata Power plans to have a renewable power portfolio of 10,000 MW in the state (Rajasthan in next five years.
: The realty firm has added four land parcels in Mumbai and Pune regions during September quarter to develop housing projects with a revenue potential of Rs 3,100 crore. Macrotech Developers sells its properties under the Lodha brand.
: The health insurance company clocked gross direct premium of Rs 5,655.1 crore for the quarter ended September FY23, a 12 percent growth over a year-ago period, with health-retail segment registering 21 per cent YoY growth at Rs 4,306.4 crore.
Bandhan Bank: The private lender said its collection efficiency ratio (CER) increased to 97 per cent, excluding NPAs and including restructured accounts, at the end of the second quarter of the current fiscal. The bank’s CER stood at 96 per cent at the end of the first quarter of the 2022-23 financial year.
IDBI Bank: The government invited bids for privatizing the lender and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. DIPAM inviting Expressions of Interest (EoI), said that the potential investor should have a minimum net worth of Rs 22,500 crore.
: The mining PSU enterprise has commenced geological studies and on-ground design for mineral exploration programmes over 1400Ha area in and around Ambaji mining lease in North-Eastern Gujarat. The Ambaji site is expected to have a significant polymetallic deposit with trace amounts of precious metals.
: The leading NBFC appointed Vinay Gupta as the Chief Financial Officer. The appointment will be effective from October 26. Gupta’s appointment follows the resignation of Kapish Jain as the CFO in April this year. The interim CFO Kaushal Mithani had resigned in August.
Kalyan Jewellers: The jewellery retailer said it has registered a consolidated revenue growth of 20 per cent during the second quarter of FY23 despite various economic challenges triggered by the geopolitical situation.
PNC Infratech: The civil construction company has submitted duly executed financing documents for two hybrid annuity mode projects (Kanpur- Lucknow Expressway package I & II) to NHAI. Both projects or special purpose vehicles are owned by its subsidiaries Kanpur Lucknow Expressway and Awadh Expressway.
: The logistics firm is bullish on its business prospects and expects to grow at an average 15 per cent annually, mainly driven by organic growth. The company is also looking to be among the top 10 players in the global logistics space in the next 3-4 years.
Nureca: The medical equipment maker’s subsidiary Nureca Technology has received ISO certification from Intertek for nebulizers and blood pressure monitors. The company believes this certification will open new avenues for its flagship brand Dr Trust, enabling it to export these devices to many more countries.
Suzlon Energy: The largest wind power player announced the appointment of Vinod R Tanti as its Chairman and Managing Director with immediate effect for the next three years. The appointment of Vinod Tanti comes after the sudden demise of his brother and Suzlon Energy founder Tulsi Tanti, who was holding the position.
: The pharma player announced it has received reach certification for supply of ethyl acetate across European markets. The company exports ethyl acetate to more than 40 countries.
: The brewery firm reported a total default of Rs 465.66 crore on payments of interest and repayment of principal amount on loans from banks, financial institutions and Unlisted Debt Securities as NCDs and NCRPS, for the quarter ended September 30, 2022.
Panacea Biotec: The drug maker’s founder and chairman Soshil Kumar Jain pass away. Jain (89), who had been admitted to the Medanta Hospital for the last ten days, suffered a cardiac arrest. Informing BSE about his demise, Panacea Biotec said, “Soshil Kumar Jain’s sudden and unexpected passing away will be an irreparable loss to the company.
Sundaram Clayton: The auto components maker has sold 8.56 lakh shares in TVS Training and Services, an associate company. With this, its shareholding in has been reduced from 30.53 percent to 21.07 per cent. These shares were sold for Rs 1.24 crore. It was a related party transaction as Dr Malini Srinivasan is a relative of a director.
: The logistics solution provider has approved the transfer of movable assets, including trailers and dwarf containers, to Adani Logistics. The transaction cost is Rs 173.97 crore. The company will utilise the amount for the expansion of business and the purchase of new trailers for its new inland container depot at Morbi.
SITI Network: The multi-system operators has reported a total default of Rs 913 crore on payments of interest and repayment of principal amount on loans taken from banks for the quarter ended in September. This includes a principal amount of Rs 655 crore and interest of Rs 258 crore, the Essel group firm said.
Ajmera Realty & Infra India: The smallcap real estate firm reported an 82 per cent increase in its sales bookings to Rs 166 crore for the second quarter of this fiscal on better demand. Its sales bookings stood at Rs 91 crore in the year-ago period.
NPR Finance: The financial services company has entered into an agreement for sale of its wind turbine at Sangli in Maharashtra, and the transaction cost is Rs 1.4 crore.