HCL Technologies

The IT services company reported an 8.6% sequential decline
in profit at Rs 3,283 crore due to margin pressure in the quarter ended June
2022. Revenue increased by 3.8% quarter on quarter to Rs 23,464 crore in the
April-June quarter of fiscal 2022. In dollar terms, revenue increased 1.1% to
$3.025 million and in constant currency terms, the topline growth was 2.7%. The
firm also declared an interim dividend of Rs 10 per share for fiscal 2023.

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UCO Bank

The state-owned bank has received shareholders’ approval to
raise equity capital by way of issuing up to 100 crore shares. The bank would
raise equity capital at an appropriate time in the current fiscal to support
growth, according to a regulatory filing on Tuesday.

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National Mineral Development Corporation (NMDC)

The state-owned miner will be removed from the Nifty CPSE
index following its decision to hive off its steel subsidiary NMDC Steel. The
proposal has received shareholders’ approval.

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Delta Corp

The casino gaming company has reported a quarterly profit
of Rs 57.13 crore for the April-June quarter of fiscal 2023, against a loss of
Rs 28.93 crore in the year-ago period following a robust topline. Revenue
increased significantly to Rs 250.3 crore in the reported quarter, up from Rs
75.87 crore in the corresponding quarter last fiscal due to a low base as June
2022 quarter was impacted by the second Covid wave.

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CARE Ratings

In its BSE filing, the rating agency said the Board of
Directors on July 20 will consider a proposal for the buyback of equity shares
of the company.

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Anand Rathi Wealth

The company posted a significant 33.6% year-on-year growth
in profit at Rs 39.7 crore in the quarter ended June 2022, on robust topline
growth. Revenue during the April-June quarter rose by 35.7% to Rs 133.5 crore
year on year. Assets under management increased by 15.4% to Rs 32,961 crore in
the same period.

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Sterling and Wilson Renewable Energy

The company reported a loss of Rs 353.9 crore in the
April-June quarter of fiscal 2022, which widened compared to a loss of Rs 76
crore in the year-ago period due to moderate growth in revenue and loss at the
operating level. Revenue grew by 1% to Rs 1,206.9 crore compared to the
year-ago period. EBITDA loss widened to Rs 343.9 crore from Rs 103.7 crore
during the same period of the previous financial year.

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Max Ventures and Industries

The firm received a no-objection letter from the Bombay
Stock Exchange (BSE) and National Stock Exchange (NSE) for the merger between
the company and Max Estates.

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Shilpa Medicare

The company has secured a GMP (good manufacturing practice)
Certificate from UK MHRA for its Bengaluru Unit VI. The facility was inspected
by MHRA during April 18-20. The facility is engaged in manufacturing and
testing specialized dosage forms e.g. Orodispersible Films and Transdermal
systems.