Mindtree 

The midcap IT company recorded an 8.1% QoQ growth in profit at Rs 473 crore with revenue rising 5.4% to Rs 2,897.4 crore. Revenue in dollar terms grew by 4.8% QoQ to $383.8 million and the growth in constant currency terms was 5.2 % for Q4FY22, but EBIT margin contracted to 18.9%, down from 19.2% in the previous quarter. The company has recommended a final dividend of Rs 27 per equity share for a full year.

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TVS Motor Company 

The company has acquired a 1.81% stake in Roppen Transportation Services (Rapido). The company’s holding in Rapido will constitute less than 5% of the shares or voting rights in Rapido. On the other hand, Jwalamukhi Investment Holding sold 32,62,840 shares in TVS Motor Company Limited at Rs 650.00 per share on the NSE.

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Wipro India Ltd 

The company on April 18, appointed Satya Easwaran as the Country Head for India. Easwaran will be looking into strengthening Wipro’s business in India across key industry sectors through strategic consulting, transformation, and modernisation engagements.

State Bank of India (SBI) 

The bank has raised $500 million (over Rs 3,800 crore) through its IFSC Gift City branch. 

Quarterly results on April 19

ACC, Larsen & Toubro Infotech, Mastek, Tata Steel Long Products, PCBL, Benares Hotels, Godavari Drugs, and Longview Tea Company will release quarterly earnings on April 19.

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INEOS Styrolution India 

Promoter INEOS Styrolution APAC Pte Ltd has proposed to sell 25,32,330 equity shares (14.4% stake) of the company via an offer for sale issue. It has also kept an option open, to additionally sell 16,88,220 equity shares (9.6% stake) vis OFS. The OFS will open for two days – April 19 and April 20.

Jindal Steel and Power (JSPL) 

The company has posted a 2% rise in steel production at 2.11 million tonnes in the quarter ended March 2022. Its sales also registered a growth of 8% at 2.07 million tonnes in the January-March period.

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Asahi Songwon Colors 

The company acquired a 78% stake in Atlas Life Sciences, a manufacturer of bulk pharmaceutical ingredients (APIs). The acquisition, which has taken place in a cash deal for Rs 48 crore, includes a fully operational WHO GMP certified manufacturing facility in Odhav, Ahmedabad, an R&D facility, a corporate office, and a land parcel in Chhatral. Asahi Songwon will acquire an additional 11% stake in Atlas each year for the next two years based on performance metrics, taking the total equity stake to 100% by the end of FY25.

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Ratnamani Metals & Tubes 

The company has received new Domestic and Export orders of Rs 308 crore and Rs 30 crore respectively aggregating to Rs 338 crore during the last fortnight, to be executed within the Financial Year 2022-23.

Eveready Industries India 

Puran Associates Pvt Ltd & Others acquired 76,534 equity shares in the company via open market transactions on April 18. With this, their stake in the company stands increased to 20.07%, up from 19.96% earlier.

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Sanofi India

The Board of Sanofi India at its meeting held on 18 April 2022 has approved the appointment of Rodolfo Hrosz as the Additional Director of the Company with effect from 1 June 2022 and as the Managing Director for a period of three years with effect from 1 June 2022, subject to the approval of the shareholders and other regulatory approvals, as may be required.

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Ujjivan Financial Services 

The company in its BSE filing said the board has appointed Radhakrishnan Ravi, as Chief Executive Officer (CEO) & Chief Financial Officer (CFO) of the company.

Rail Vikas Nigam 

The company has entered into a memorandum of understanding (MoU) with Mahanadi Coalfields (MCL), a subsidiary of Coal India. MCL has given a project management consultancy contract for rail infrastructure works to Rail Vikas from concept to commissioning.

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SJVN 

The company has achieved financial closure by signing a loan agreement of Rs 494 crore with Himachal Pradesh State Co-Operative Bank for the development of 66 MW Dhaulasidh HEP (DSHEP), in Himachal Pradesh. The project has already commenced its construction activities in May 2021 and moving fast forward to generate 304 million units in a 90% dependable year of clean hydropower from FY 2025-26 with levelised tariff of Rs 4.46/Kwh. The total project cost of Rs 688 crore of DSHEP has to be financed through a debt-equity ratio of 80:20.