Results Today: ITC, Tata Steel, Hindalco, TVS Motor, Aarti Drugs, NIIT, Alembic Pharma, Balkrishna Paper Mills, Brigade Enterprises, Welspun India, Century Plyboards, DB Corp, Praj Industries
Union Bank of India: Board of directors on May 18 will approve the Capital Plan 2018-19 and approve raising equity capital through public issue (i.e. follow-on-public issue) and/or rights issue and/or private placement, including qualified institutional placements and/or preferential allotment to Government of India or other Institutions.
Punjab & Sind Bank reviews the marginal cost of fund based lending rate (MCLR) for different tenors, effective from May 16.
Syngene International: Biocon to dilute up to 2 percent stake in company during May 16-August 10, to meet minimum public shareholding norms.
Wockhardt: CARE Ratings revises rating for long term banking facilities to A/Negative from A+/Stable.
Multi Commodity Exchange of India: Commenced options trading in crude oil contract.
Glenmark announces grant of substitution and successful launch of generic Seretide Accuhaler in Denmark
Archidply Industries will consider, a scheme of arrangement between the company and Archidply Decor on May 30
TCS: TCS grows its presence in Arkansas, welcoming 200+ new employees to Little Rock
M&M: Subsidiary EPC Industrié Limited entered into an agreement, to form a joint venture company in India with Top Greenhouses Limited, Israel to provide solutions for protected cultivation technology products and subscribe/acquire up to 60 percent of the share capital of the JV with the remaining 40 percent proposed to be held by Top.
Indiabulls Real Estate: Board to to consider the proposal of buy-back of equity shares of the company on May 18.
Shreyas Shipping signs MOA for acquisition of one container vessel
Shreyas Shipping and Logistics: Company has signed a Memorandum of Agreement (MOA) for acquisition of one container vessel of about 2500 teus. The delivery of the vessel is expected by June 2018.
Clariant Chemicals Q4: Profit at Rs 3.6 crore versus Rs 11.8 crore; revenue from operations at Rs 244 crore versus Rs 254 crore (YoY).
Syngene International’s promoter sale shares of the company in the open market for achieving minimum public shareholding
Shree Pushkar Chemicals acquired land agreegating to 40000 sq mtr at MIDC, Ratnagiri for future expansion purpose
Crompton Greaves Consumer Electricals Q4: Profit rises to Rs 103.22 crore versus Rs 77.94 crore; revenue from operations at Rs 1,126.31 crore versus Rs 1,046.3 crore (YoY).
Shakti Pumps Q4: Profit at Rs 9.58 crore versus Rs 11.86 crore; revenue from operations at Rs 130 crore versus Rs 166.5 crore (YoY).
Jindal Poly Films Q4: Consolidated loss at Rs 57.43 crore versus profit of Rs 3.66 crore; revenue from operations falls to Rs 791.07 crore versus Rs 1,873.28 crore (YoY).
Indiabulls Real Estate board meeting on May 18, to consider, the proposal of buyback of equity shares of the company
Monsanto India Q4: Profit at Rs 53.14 crore versus Rs 31.93 crore; revenue from operations up at Rs 156.85 crore versus Rs 143.32 crore (YoY).
Syndicate Bank Q4: Loss at Rs 2,195.12 crore versus Rs 103.84 crore; NII falls to Rs 1,678.77 crore versus Rs 1,861.01 crore (YoY); gross NPA at 11.53 percent versus 9.62 percent and net NPA at 6.28 percent versus 5.44 percent (QoQ); provisions for bad loans at Rs 3,544.68 crore versus Rs 1,948.80 crore (QoQ) and Rs 1,192.54 crore (YoY).
Britannia Industries Q4: Profit up at Rs 263.2 crore versus Rs 210.91 crore; revenue from operations rises to Rs 2,537.52 crore versus Rs 2,316.12 crore (YoY); announces dividend at Rs 25 per share.
Shemaroo Entertainment Q4: Profit at Rs 18.73 crore versus Rs 13.79 crore; revenue from operations rises to Rs 118.35 crore versus Rs 98.64 crore (YoY).
PI Industries Q4: Profit at Rs 105.42 crore versus Rs 135.15 crore; revenue from operations at Rs 625.10 crore versus Rs 605.6 crore (YoY).
MRPL Q4: Profit at Rs 542.08 crore versus Rs 1,942.4 crore; revenue from operations at Rs 18,753.10 crore versus Rs 18,108.60 crore (YoY).
Ruchi Soya clarified on letter received from Ministry of Corporate Affairs (MCA) regarding investigation into company’s affairs
Sicagen India Q4: Profit at Rs 4.81 crore versus Rs 5.65 crore; revenue from operations at Rs 157.08 crore versus Rs 167.12 crore (YoY).
JHS Svendgaard Laboratories Q4: Consolidated profit at Rs 2.8 crore versus Rs 18.54 crore; revenue at Rs 37.8 crore versus Rs 27.5 crore (YoY).
INEOS Styrolution India Q4: Profit at Rs 32.2 crore versus Rs 29.7 crore; revenue at Rs 510.5 crore versus Rs 397.65 crore (YoY).
Endurance Technologies Q4: Profit at Rs 116.4 crore versus Rs 83.5 crore; revenue at Rs 1,781.7 crore versus Rs 1,380.3 crore (YoY).
Manaksia Aluminium Company Q4: Loss at Rs 0.6 crore versus profit Rs 0.6 crore; revenue at Rs 47.3 crore versus Rs 64.8 crore (YoY).
Electrosteel Castings Q4: Profit at Rs 22.65 crore versus Rs 11 crore; revenue at Rs 540 crore versus Rs 492 crore (YoY).
Mangalam Cement Q4: Loss at Rs 4.5 crore versus Rs 3.5 crore; revenue at Rs 304.2 crore versus Rs 296 crore (YoY).
Allahabad Bank decides to divest all the functional responsibilities of MD & CEO Usha Ananthasubramanian
Tata Steel to acquire Bhushan Steel through its step-down subsidiary Bamnipal Steel
Arcelor Mittal parks Rs 7,000 crore with SBI to clear Uttam dues
ICICI Bank acquires nearly 18% stake in Gammon Infrastructure
Cyient signs definitive agreement to acquire the remaining 49% stake in its subsidiary, Cyient Insights
Sistema Shyam lowers stake in RCom to 4.43%
NTPC sings MoU to buy three power plants in Bihar – FE
Jet offers fares starting Rs 697 for Udan flights – FE
Uniphore Software to foray into US market – FE
J&K Bank cuts loan rates for women brrowers – FE
Thomas Cook eyes airports to set up forex counters – Business Line
Srei Infra to open more Sahaj e-Village centres – Business Line