NEW DELHI: Here are the ten main actions that could be in the spotlight today.
Adani Green: Adani Green Energy Ltd (AGEL) said on Wednesday its cash profit in the June quarter rose 35% to ₹460 crore ₹342 crore in the same period of the previous year. Total income increased 23% for ₹1,079 crore in the first quarter of fiscal 22 from ₹878 crore in the first quarter of FY21. Power supply revenue jumped 39% to ₹848 crores ₹609 crores.
Hindustan Oil Company: The oil marketing company will operate its Mumbai refinery at an increased capacity of 190,000 barrels per day (bpd) by mid-October, its chairman MK Surana said on Wednesday, a slight delay from the previous estimate. .
Maruti Suzuki: The automaker’s parent company, Suzuki Motor Co, will limit vehicle production to a single shift and completely suspend production for three days in August at its factory in Gujarat due to a severe semiconductor shortage.
PNB housing: PNB Housing Finance Ltd ₹Sale of 4,000 crore stake to Carlyle Group and Salisbury Investments Pvt. Ltd has obtained reputed approval from the Indian Competition Commission (ICC), the competition regulator said.
National Bank of India: India’s largest lender on Wednesday announced a 55.3% increase in its stand-alone net profit in the first quarter of ₹6,504 crore compared to ₹4,189 crore in the same quarter last year. The bank’s net interest income, the difference between interest earned and spent, grew 3.7% to ₹27,638 crore against ₹26,641 crore year over year (year over year).
SBI Life: The Carlyle Group is selling its remaining 1.9% stake in life insurer SBI Life Insurance Co. Ltd through block trading on the exchanges for around $ 289 million, under the terms of the deal seen by Mint. Carlyle offers its shares in a price range of ₹1130 to ₹1,136.85 per share, a discount of 0% to 0.6% compared to the SBIz Life closing price of ₹1,136.85 Wednesday.
Tata Communications: Tata Communications on Wednesday reported an increase of around 15% in its consolidated profit to ₹296.11 crore in the quarter ended June 2021. The company achieved a profit of ₹257.8 crore in the same quarter a year ago. Tata Communications’ consolidated revenue declined by approximately 7% for ₹4,103 crore in the quarter reported compared to ₹4,403 crore in the corresponding quarter of 2020-21.
Vodafone idea: The company said on Wednesday that its board had accepted Kumar Mangalam Birla’s request to step down as a non-executive director and non-executive chairman of the board.
Zomato: Foodtech has incorporated a wholly owned subsidiary, Zomato Payments Pvt. Ltd, to manage payments and technology services. The company was incorporated on August 4, the food delivery aggregator said on a regulatory filing Wednesday.
Trusted industries: The company has announced that it is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing plant in Andhra Pradesh. This move is part of RIL’s commitment to lead the industry on the circular economy, improve its sustainability quotient and strengthen the entire polyester and polymer value chain.
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