February 29, 2024

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Business The Solution

SGX Nifty Hints At Losses; HDFC Bank, Avenue Supermarts, BEL, IGL, Hero MotoCorp In Focus

  • HDFC: Bank’s loan ebook stood at Rs 8,367 crore in Q4 in contrast to Rs 7,503 crore in the corresponding quarter of the previous calendar year. The bank’s gross revenue from dividend stood at Rs 128 crore on March 31, 2022.

  • Bharat Electronics: Achieves turnover of Rs 15,000 crore in the course of FY2021-2 versus turnover of Rs 13,818 crore. The company’s order reserve as on April 1 is close to Rs 57,000 crore.

  • Avenue Supermarts: Standalone profits from procedure for quarter ended March at Rs 8,606.09 crore.

  • IGL: The firm elevated piped gas price by Rs 5/SCM in Delhi. It also improves price of CNG by Rs .8/Kg efficient April 1.

  • Hero MotoCorp: The company’s profits fell 21.98% in March 2022. Income stood at 4,50,154 units as when compared to 5,76,957 in March 2021.

  • PVR: The firm has discontinued operations of 23 screens throughout 9 houses on expiry of their lease with Cineline India.

  • Dr. Reddy’s: The organization will purchase cardiovascular brand name Cidmus from Novartis AG for $61 million.

  • TVS Motors: The company’s profits fell 4.55% in March 2022. Sales stood at 3,07,954 models as in contrast to 3,22,643 in March 2021.

  • JSW Power: The corporation subsidiary, JSW Neo Power has entered with the governing administration of Chhattisgarh for environment up a 1,000 MW ability of Hydro Pumped Storage Task viz. Hasdev Bango Pumped Storage Project, in Chhattisgarh.

  • Eicher Motors: The company’s revenue rose 2.45% in March 2022. Gross sales stood at 67,677 units as when compared to 66,058 in March 2021.

  • Future Organization: The organization has defaulted on an aggregate amount of money of Rs 2,835.65 crore as on March 31, to a consortium of banking companies and loan companies less than the a person time resolution strategy

  • Angel Just one: The organization declared interim dividend of Rs 7 for each share of face value of Rs 10 per share.

  • HCL Technologies: The firm will think about declaration of interim dividend on April 21 and April 22.

  • Energy Grid: The firm has transferred balance 26% equity shareholding of Powergrid Vizag Transmission to PGlnvlT at a cost of Rs 330.78 crore. The firm has relinquished its appropriate on supplemental revenue accruing to Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to PGlnvlT for Rs 304.15 crore.

  • Cummins India: Cummins Exploration and Engineering, a 50:50 joint undertaking involving the business and its US arm is voluntary liquidated. CRTIPL, as on March 31, 2021 was Rs. 279 lakhs constituting .059% of the consolidated web value of the firm.

  • L&T Technology Providers: The corporation will take into consideration declaration of dividend on April 21.

  • NTPC: The firm has commissioned 250 MW Captive Ability Device, at Rourkela, Odisha, of NTPC Sail Ability, joint undertaking company. The set up and professional capability of NSPCL has turn into 1064 MW though the team mounted capacity of NTPC has come to be 68881.68MW.

  • Supreme Petrochem: The enterprise has been given NCLT nod for reduction in compensated up share funds from 94.02 crore to Rs 37.6 crore by reduction in experience benefit from Rs 10 to Rs 4 each and every.

  • Acrysil: The company’s British isles arm will get 100% shares of Tickford Orange, United kingdom alongside with its wholly owned working subsidiary Sylmar Technological know-how for £11 million. STL is a producer, distributer and customizer of superior-good quality stable surface merchandise for kitchen and lavatory, for each domestic and professional functions for markets throughout Uk.

  • Sandhar Technological know-how: The business secured machining organization from TVS Motors Organization. With the award of this business enterprise, the business has entered machining for castings business.

  • Alkem Laboratories: ISP Chile experienced performed an inspection at the Firm’s production facility found at Daman, India from March 28, 2022 to April 1, 2022. No observations crucial to excellent manufacturing methods was detected.

  • Subex: The organization has executed the transfer of Revenue Maximization Answer business enterprise from Subex Assurance LLP to the enterprise.

  • PTC India: The organization recorded quantity of 8745 crore units of strength in FY 2021-22.

  • Vaibhav World: The corporation has obtained 15 lakh shares of Vaibhav Way of living elevating its stake from 75% to 100%.

  • Bhageria Industries: The firm has commissioned 4.5 MW Photo voltaic Electrical power Assignments at Ahmednagar as turnkey EPC venture for a consumer for their captive intake.