Dr. Reddy’s Laboratories

The pharma company reported a 108% year-on-year growth in
consolidated profit at Rs 1,187.60 crore for the quarter ended June 2022, on
the back of healthy operating performance and higher other income. Revenue
surged by 6% year-on-year to Rs 5,215.40 crore in the June quarter due to tepid
growth in North America and Europe but India growth was strong at 26%
year-on-year.

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TVS Motor Company

The two-and-three-wheeler manufacturer recorded a
consolidated profit of Rs 296.75 crore for the quarter ended June 22, compared
with a loss of Rs 14.72 crore in the year-ago period, on the back of the top
line and operating performance. Revenue jumped by 56% year-on-year to Rs
7,315.70 crore in the reported quarter. The company board has approved the
issue of non-convertible debentures (NCDs) aggregating up to Rs 125 crore on a
private placement basis.

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SBI Life Insurance Company

The life insurance company posted a 17.78% year-on-year
increase in profit at Rs 262.85 crore for the quarter ended June 2022. Net
premium income rose significantly by 32.76% year-on-year to Rs 11,036 crore
compared to the same period of last fiscal. However, the income from
investments came in at negative Rs 6,405.66 crore for the June quarter of
fiscal 2023 against an income of Rs 7,409.91 crore year-on-year.

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Vedanta

The company reported a 6% year-on-year increase in
consolidated profit at Rs 5,593 crore for the quarter ended June 2022,
supported by higher input costs and power and fuel cost. Revenue jumped 35%
year-on-year to Rs 39,355 crore during the first quarter. 

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Punjab National Bank

The public sector bank reported a 70% year-on-year decline
in standalone profit to Rs 308.4 crore in the April-June quarter. It had
reported a Rs 1,023 crore profit in April-June 2021 quarter. Total income
during the quarter stood at Rs 21,294 crore against Rs 22,816 crore a year-ago
period. Net interest income during the quarter was Rs 18,757 crore. The bank’s
gross non-performing assets (NPAs) as a percentage of gross advances dropped to
11.27% from 14.33% a year ago.

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Jubilant FoodWorks

The company bought a 40% stake in Roadcast Tech Solutions
Private Limited which offers a logistics platform for the management of
last-mile delivery operations. The acquisition came in at Rs 14.98 crore.

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Indus Towers

Bimal Dayal has resigned from the position of Managing
Director and CEO of the company. He has decided to pursue opportunities outside
Indus Towers.

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Chalet Hotels

The company has secured a contract from Delhi International
Airport Limited (DIAL) to construct a hotel at the T3 Terminal of Indira Gandhi
International Airport (IGIA). With this contract, Chalet will enter the north
Indian market. The upcoming terminal hotel will be the company’s 9th
hospitality property in the country and first in northern India. The hotel will
have 350-400 rooms positioned in the 5-star deluxe space. The project is likely
to be completed by the financial year 2025-26 or earlier. Additionally, Chalet
reported a consolidated profit of Rs 28.5 crore for the quarter ended June
2022, compared with a loss of Rs 41.66 crore in the year-ago period due to the
second COVID wave. Revenue from operations surged by 275.2% to Rs 253 crore
during the reported quarter.

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RITES

The transport infrastructure consultancy and engineering
company posted an 85.8% year-on-year increase in profit at Rs 145 crore for the
first quarter of fiscal 2023. Revenue grew by 68.8% to Rs 637 crore during the
same period. RITES declared an interim dividend of Rs 4 per share.

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Sapphire Foods India

Nippon Life India Trustee acquired 21.23 lakh equity shares
or a 3.34% stake in the company through open market transactions from January
7-July 26. With the development, its shareholding in Sapphire increased to
5.03%, up from 1.69% earlier.

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Housing and Urban Development Corporation

The board has approved the proposal to raise up to Rs
22,000 crore through bonds and debentures to finance affordable housing and
urban infrastructure projects, in its meeting held on Wednesday.