Aug 2, 2021By: Rounak Jain
HDFC, Punjab National Bank, RBL Bank, Emami, Castrol India, IFB Agro Industries, Orient Cement, CG Power and Industrial Solutions, among others.
Its June 2021 quarter net profit fell by 29 percent to ₹387 crore compared to a year earlier. The biscuits and confectionery major has said it would increase prices in the future.
Eventually, one if every four of its cars would be an electric vehicle, the company said as it outlined a ₹28,900 crore investment plan in both Jaguar Land Rover and its India business.
Tata Motors reported a two-fold jump in its sales in July 2021 to 54,119 units.
July sales jumped by 50 percent to 1,62,462 units, year-on-year. The stock is down over 7.6 percent in the last one month.
At a little over 4.54 lakh units, the two-wheeler giant sold 13 percent fewer vehicles in July, compared to the same month last year.
India’s largest bank has waived home loan processing fees, usually fixed at 0.40 percent, until August 31.
The microfinance major saw its June-quarter profit shrink by almost a third as the risk of defaults rose. Provision for bad loans rose 62 percent.
While net interest income surged by 19 percent, the credit growth in the June quarter was 8 percent sharply down from 21 percent for the whole of last year.
Its board will meet on August 12 to consider a stock split. Its shares are currently trading at ₹2,334 on NSE, which is very close to its 52-week high.
Reported a 14 percent surge in coal production in July 2021 to 42.6 million tonnes from 37.3 million tonnes in the same period last year.