Most analysts see a 5-6 per cent year-on-year (YoY) rise in HCL Tech's Q3 revenue, led by broad-based growth across verticals and geographies, and easing of stress in the ER&D segment. READ HERE
MSCI on Thursday said it would decide on increasing the weight of Bharti Airtel
during its upcoming index review in February.
IB Housing Finance:
According to a Business Standard report, Indiabulls Housing Finance
has begun talks with a few private equity (PE) investors such as Apollo Global, TPG, and Brookfield for selling a significant stake. The deal value is being pegged at Rs 2,000 crore. READ HERE
The government's sale of its 5 per cent shareholding in India's largest steelmaker SAIL
was over-subscribed 3.6 times on the first day of its opening on Thursday. The issue would open for retail investors today.
Voting on DHFL
bids by committee of creditors ends today. Oaktree Capital, Piramal Group and Adani Group are among frontrunners who have submitted their offers for the housing finance company.
HFCL: The company posted a nearly 87 per cent jump in its consolidated net profit for the December quarter at Rs 85.1 crore and projected an "optimistic" outlook.
Den Networks: The company reported higher consolidated profit of Rs 65.5 crore in Q3 FY21 against Rs 19.3 crore posted in same period last year. Revenue increased to Rs 342 crore from Rs 318 crore.
SBI: State Bank of India (SBI) said its foreign currency bonds of $600 million, under its $10 billion global Medium Term Note Programme, have been listed on India INX's Global Securities Market (GSM) platform.
Shyam Telecom: The offer for voluntary delisting of equity shares of Shyam Telecom from stock exchanges "is deemed to have failed" as the minimum number of shares required for delisting was not tendered, the company informed in a BSE filing.
Dishman Carbogen: Promoter Adimans Technologies LLP reduced stake in the company to 59.32 per cent from 61.93 per cent earlier, via offer for sale (OFS) route.
PNC Infratech: PNC Bithur Kanpur Highways, subsidiary of the company, has received communication from National Highways Authority of India confirming the achievement of financial closure for project (Four Laning of Aligarh-Kanpur section in UP).
Bharat Dynamics: The company and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence system with the support of both the Governments of India and the United Kingdom.
IRCON International: IRCON completed the work on 30 Km Korichhapar-Dharamjaigarh Section within the targeted date i.e., December 31, 2020. The work was executed by IRCON International under an SPV named Chhattisgarh East Railway Limited.
Kesoram Industries: The firm looks to seek de novo approval from shareholders by way of special resolution for raising funds through the issuance of Optionally Convertible Debentures aggregating up to Rs 700 crore on private placement basis and conversion of OCDs into Equity Shares.
Bajaj Finance: The NBFC firm has allotted 2,220 secured NCDs of face value of Rs 10 lakh each aggregating to Rs 222 crore on a private placement basis.
Infosys, HUL, Wipro: US-based asset manager Vanguard unloaded shares worth Rs 1,286.1 crore in 30 stocks including Infosys, Hindustan Unilever, Wipro through several block deals on the BSE, a media report said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.