NEW DELHI: Here are the top ten actions that could be in the spotlight today.
Cadila Health: The company reported a first quarter ebitda of ??9.3 billion compared to ??8.15 billion a year ago. The first quarter ebitda margin stood at 23% compared to 22.40% a year ago. The business of the pharmaceutical company in the United States recorded sales of ??14.51 billion.
CPSE: The Modi government intends to privatize the national airline Air India and the state-owned refiner Bharat Petroleum Corp Ltd this year, said Tuhin Kant Pandey, secretary, secretary of the Department of Investments and Public Asset Management (DIPAM ) during the CII’s annual session, according to agency reports. .
Entertainment titles: The government of Maharashtra has decided to allow shopping malls and restaurants to stay open until 10 p.m. with 50% capacity from August 15. However, cinemas will remain closed until further notice.
CTI: Cigarette-to-hotel conglomerate ITC Ltd has embarked on an “extended strategy reset” that will fuel the next phase of business growth as it exploits new business opportunities with a strong focus on digital and sustainability, President Sanjiv Puri said at the company’s 110th edition. AGM Wednesday.
Larsen & Toubro: The company announced the sale of 100% of its stake in the 3 x 33 MW (99 MW) river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower Ltd (LTUHPL) to Renew Power Services Private Ltd, a wholly-owned subsidiary of Renew Power Private Ltd.
Lupine: The pharmaceutical company’s sales in North America in the first quarter to ??1,333 crore contributed 35% to its overall sales and increased 9.6% on a weak basis last year, but decreased 10.8% sequentially.
Novartis India: The company reported June quarter profit of ??62.8 million compared to ??43.9 million a year ago. Operating revenue for the June quarter amounted to ??981.1 million compared to ??924.6 million a year ago.
Power Grid Corporation of India: The board of directors of the company has decided to inject new equity up to ??425 crore in Energy Efficiency Services Ltd (EESL), a joint venture of Power Grid, NTPC, PFC and REC.
PNB housing: The company is seeking shareholder approval to raise additional funds through the issuance of non-convertible bonds with a value of up to ??35,000 crores facing legal hurdles in Carlyle Group deal.
RBL Bank: The lender announced Wednesday that it had been appointed by the Reserve Bank of India (RBI) as an “agency bank” to conduct banking activities for central and state governments, the bank said in a regulatory filing.
Yes Bank: The private sector lender is looking to partner with investors to create an Asset Reconstruction Company (ARC) and has hired EY as a process advisor, according to a public notice released Wednesday.
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