Tata Steel
The company will stop doing business with Russia, the Indian steel major said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine.
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Quarterly Results on April 21
HCL Technologies, Nestle India, ICICI Lombard General Insurance Company, L&T Technology Services, Tata Communications, CRISIL, Cyient, Rallis India, Sasken Technologies, Shiva Cement, Betala Global Securities, Rajratan Global Wire, Roni Households, Shukra Jewellers, S&T Corporation, and Trident Texofab will release quarterly earnings on April 21.
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Gland Pharma
Nicomac Machinery will sell a 1.5% stake in Gland Pharma via block deals on April 21, CNBC TV18 reported. The investor is selling about 2.45 million shares in the company. The floor price has been reportedly set at Rs 3,118 per share.
Inox Wind
The company said its board has approved a proposal to raise Rs 402.5 crore through preferential issue of equity shares and convertible warrants.
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Adani Group
The group committed to investing Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday.
Tata Elxsi
The design and technology services provider clocked 39% year-on-year growth in Q4FY22 profit at Rs 160 crore on healthy growth in revenue that increased 31.5% YoY to Rs 682 crore backed by strong double-digit growth in transportation, media and communications, and healthcare segments. EBITDA grew by 32% YoY to Rs 221.2 crore in the March quarter.
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InterGlobe Aviation (IndiGo)
The company has reported the Passenger Load Factor (PLF) of 81.0% during the month of March 2022. The company had reported a PLF of 85.2% during the month of February 2022.
Persistent Systems
Kotak Mahindra Mutual Fund bought additional 21,566 equity shares in the IT company via open market transactions on April 18. With this, Kotak MF’s shareholding in the company stands increased to 5%, up from 4.97% earlier.
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SpiceJet
The company has reported the Passenger Load Factor (PLF) of 86.9% during the month of March 2022. The company had reported a PLF of 89.1% during the month of February 2022.
Infosys
The bluechip IT company has completed the acquisition of a Germany-based digital experience and marketing agency, oddity.
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PSP Projects
The company has received new work orders worth Rs 938.76 crore (excluding GST), which includes fresh work orders of Rs 511.39 crore (including orders worth Rs 503.56 crore for Project ‘Construction of Sports Complex at Ahmedabad) and Rs 327.39 crore in FY 2021-22 and FY 2022-23 respectively and additional scope in existing contracts worth Rs 99.98 crore in FY 2021-22.
Ambalal Sarabhai Enterprises
CoSara Diagnostics got permission to manufacture and sell its SARAQ Hepatitis C (HCV) viral load kit as an in vitro diagnostic (IVD) from Central Drugs Standard Control Organisation. CoSara is a joint venture of a subsidiary of Ambalal Sarabhai Enterprises, and Co-Diagnostics, Inc, USA.
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Bank of India
The bank is planning to raise capital by way of a further issue of equity shares through QIP/FPO/Preferential Issue up to Rs 2500 crore.
Everest Kanto Cylinder
Subsidiary EKC International FZE (Dubai) has entered into a joint venture agreement with Dr Mohamed Saad Eldin. The company intends to become the market leader in CNG cylinder manufacturing in the Middle East and North Africa (MENA) region by 2026 leveraging on the strong track record and the know-how of EKC International Dubai and the high potential in the Egyptian and African markets.
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Vodafone Idea
The company lost 15,32,189 customers in February 2022. Following this, the company’s total customer base has decreased to 26.35 crore with a market share of 23.09% in terms of wireless subscribers as of February 28, 2022.
Atul Auto
The company joined hands with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solutions. Subsidiary Atul Greentech (AGPL), engaged in designing and developing innovative solutions for last-mile electric mobility for domestic and export markets, would launch the e-vehicle after the successful completion of field trials.
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PI Industries
PI Industries and Polymath Holding mutually decided not to pursue the intended joint ventures and record termination of the joint venture agreements.
ICICI Securities
Consolidated profit grew by 3.3% year-on-year to Rs 340.3 crore in Q4FY22 impacted by higher finance and employee costs, and a charge related to the impairment of financial instruments. Revenue grew by 20.6% YoY to Rs 891.7 crore led by an increase in interest income, income from services, and net gain on fair value changes in the treasury segment and other investment portfolios.
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Escorts
The company announced that ICRA has upgraded the company’s long term rating by one notch from ‘AA’ to ‘AA+’ with a revision in outlook from ‘watch with developing implications’ to ‘Stable’. ICRA has also reaffirmed the company’s short term rating to ‘A1+’.
Computer Age Management Services (CAMS)
The company allotted 27,971 equity shares under ESOS on 20 April 2022. The Paid-up Share Capital of the company will accordingly increase from Rs. 48,90,34,700 to Rs. 48,93,14,410.
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Ajanta Soya
The company’s board at its meeting held on 20 April 2022 has approved the sub-division of equity shares of the face value of Rs 10 each into equity shares of the face value of Rs 2 each. The Board approved the consequential alteration of the capital clause memorandum.
Reliance Industrial InfraStructure
The company announced that the Board of Directors of the Company at its meeting held on 20 April 2022, has recommended a Final dividend of Rs.3 per share (i.e.30%), subject to the approval of the shareholders.
