Earnings today: A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES.
ITI: Poor response has prompted ITI to withdraw its Rs 1,300-crore follow-on public offer (FPO), a move that is unprecedented by a government company. ITI is a technology solutions provider to the telecom sector.
The lendder has picked Cantor Fitzgerald, IDFC Securities and Ambit to help the lender raise as much as $2 billion for bolstering capital buffers. READ MORE
Avenue Supermarts: Avenue Supermarts has launched its qualified institutional placement (QIP) programme to raise at least Rs 4,000 crore. The QIP will help promoters of the company, led by Radhakishan Damani, pare their holdings, which currently stands at 79.73 per cent.
Oil-linked stocks: Oil-marketing companies (OMCs), lubricant manufacturers, paint, cement, tyre and aviation companies' shares are expected to trade actively as the oil futures rose for a second day on Thursday.
The country’s largest carmaker, Maruti Suzuki India, will not be launching an electric vehicle (EV) anytime in the foreseeable future, as issues like range anxiety and the high cost of acquisition will put off buyers, Kenichi Ayukawa, its managing director and chief executive, told Business Standard
Adani Enterprises: Adani Enterprises Ltd (AEL)'s consolidated profit before tax (PBT) for the quarter ended December 31, 2019 grew by 317.80 per cent to stand at Rs 440.16 crore. As against this, the company's consolidated PBT in Q3 of previous fiscal 2018-19 was Rs 105.35 crore.
Hindustan Petroleum Corp Ltd (HPCL) on Wednesday reported trebling of net profit in December quarter as inventory gains made up for lower refinery margins. READ MORE
Taking a strict view of thermal power stations’ failure to meet emission standards, the Central Pollution Control Board (CBCB) has issued warnings to 14 plants
across six states of the country. As per reports, the ten biggest thermal power stations operating in India are all coal-based. Among them, five of them are operated by National Thermal Power Corporation (NTPC).
The company's revenue from operation stood at Rs 651 crore against Rs 485 crore up 34 per cent while net profit came in at Rs 108 crore against Rs. 67 crore, up 61 per cent.
Realty major DLF Ltd on Wednesday reported a 24 per cent increase in its consolidated net profit to Rs 414.01 crore for the quarter ended December despite fall in income. Its net profit stood at Rs 335.15 crore in the year-ago period.
Schneider Electric Infrastructure on Wednesday posted a Rs 30.02 crore net profit in the December 2019 quarter, mainly on account of higher revenues. The company had reported a net loss of Rs 6.29 crore in the year-ago quarter.