Apollo Hospitals Enterprise The company will be included in Nifty50. Indian Oil Corporation The company will be excluded from Nifty50. Hazoor Multi Projects The company has bagged a contract from Gayatri Projects for the completion of balance work of Chainage in Ahmednagar, Maharashtra. Minda Industries The company has acquired an additional stake in two companies–YA … Read more
Sun Pharmaceutical Industries The company will acquire anti-acne brand Alchemee for $90 million. Sanofi India The final dividend of Rs 181 per equity share for the year ended December 2021 has been approved by the board of directors. In addition, the firm has also declared a special dividend of Rs 309 per share for the … Read more
Wipro Wipro Ventures, the corporate investment arm of IT services major Wipro, has invested in a US-based startup, vFunction. HDFC Societe Generale on Tuesday offloaded shares of Housing Development Finance Corporation (HDFC) worth nearly Rs 1,730 crore through an open market transaction at an average price of Rs 2,436.8 apiece. Mahindra CIE Automotive Profit for … Read more
HDFC Bank The Securities Appellate Tribunal has quashed a SEBI order against HDFC Bank, whereby the regulator had imposed a penalty of Rs 1 crore on the lender in a case pertaining to invoking securities pledged by stockbroker BRH Wealth Kreators. Shankara Building Products Flowering Tree Investment Management sold 36,000 shares in the company through … Read more
Gujarat Mineral Development Corporation The Environment ministry has allowed GMDC to increase mining activity at lignite mines in Tadkeshwar, Surat. The country’s largest lignite seller has received an amendment to its environment clearance from the Ministry of Environment and Forest to mine up to a depth of 135 meters, from 94 meters earlier at the … Read more
Hindustan Aeronautics HAL gets Income Tax Relief. HDFC A minor increase in interest rates, which are already at “historic lows”, will not impact loan disbursal or the demand for homes, HDFC chairman, Deepak Parekh, said at the CII-Anarock Real Estate Conclave. Hero MotoCorp Hero Electric has withdrawn its application seeking an injunction against Hero MotoCorp … Read more
Tata Motors Jaguar Land Rover, UK has announced a partnership with NVIDIA. Southern Petrochemicals Consolidated profit of the company in Q3FY22 grew significantly by 832 percent YoY to Rs 59.6 crore compared to Rs 6.4 crore in Q3FY21. Meanwhile, revenue grew by 15 percent to Rs 492 crore from Rs 427 crore during the same … Read more
Cipla Two promoters on Tuesday divested shares worth over Rs 1,835.6 crore in the firm, through open market transactions. This represents 2.5 percent of the total shareholding of the company. According to bulk deal data on the BSE, Mustafa Khwaja Hamied and Yusuf Khwaja Hamied offloaded 67.23 lakh shares and 1.34 crore scrips, respectively, for … Read more
Reliance Industries Glance, a leading AI-driven lock-screen platform, has agreed to raise $200 million from RIL subsidiary Jio Platforms in its Series D round of funding. Coal India The company reported higher than expected earnings for the quarter ended December with net profit surging nearly 48 percent YoY to Rs 4,556.5 crore and revenue rising … Read more
ONGC The company reported a 45 percent YoY growth in revenue to Rs 1,45,685 crore in Q3FY22 while net profit zoomed 220 percent to Rs 11,637 crore. Metropolis Healthcare The company posted a near 30 percent YoY decline in its net profit in Q3FY22 at Rs 41.21 crore as EBITDA margin dropped by 530 bps … Read more