These are among the actions that shall be in focus for the next causes
Adani Enterprises
Abu Dhabi-based diversified conglomerate Worldwide Holding Co (IHC) will make investments $400 million in Adani Enterprises’ follow-on public providing (FPO). The funding dedication from IHC comes at a time when the mega FPO of billionaire Gautam Adani’s flagship firm is struggling to recuperate from final week’s huge inventory selloff.
BPCL
State-owned BPCL’s reported consolidated web revenue fell 36% to Rs 1,747 crore for the December quarter in comparison with Rs 2,579 crore within the year-ago quarter. In the meantime, working earnings rose 13%.
L&T
Infra main Larsen & Toubro (L&T) posted a 24% rise in revenue after tax to Rs 2,553 crore for the quarter ended December. Working earnings additionally elevated by 17%.
Tech Mahindra
Tech Mahindra’s December quarter web revenue fell 5% year-on-year (YoY) to Rs 1,297 crore. Revenues from operations elevated by 20% in comparison with final yr, to 13,735 million lei.Punjab Nationwide Financial institution
Public sector lender Punjab Nationwide Financial institution’s web revenue fell 44% to Rs 629 crore within the three months ended December. The web revenue was 1,127 million lei in the identical interval final yr.
GAIL India
GAIL India, the nation’s largest gasoline distributor, reported a virtually 93% drop in third-quarter revenue, hit by decrease gasoline gross sales as a result of provide disruptions.
Solar Pharma, ACC, Coal India, Vodafone Thought, Indian Resorts
The boards of those firms will meet to overview and approve earnings for the December quarter.
HDFC Financial institution
The ultimate listening to on the merger of Housing Growth Finance Corp (HDFC) with the financial institution shall be held on February three on the nationwide firm regulation tribunal in Mumbai. The proposed merger has already acquired approval from shareholders, the Competitors Fee of India, the Reserve Financial institution of India and inventory exchanges.
Century Textiles and Industries
The corporate’s board has authorized the allotment of seven.97% unsecured, unlisted, rated, redeemable NCDs of Rs 1 lakh every, for money, partly, totaling Rs 400 crore on a personal placement foundation.