Jun 9, 2021By: Rounak Jain
Shares of the state-owned insurance provider gained over 2 percent in the first half of the day, surging beyond the ₹1,000 share price.
Shares of the beleaguered conglomerate shot up by 5 percent after the National Company Law Tribunal cleared Vedanta Group company Twin Star’s bid.
It has entered Odisha as a power supplier after its acquisition of 51 percent stake in state-owned utilities was approved by the Competition Commission of India.
It said that interim data from a study commissioned in 2020 has shown its COVID-19 drug Favipiravir (FabiFlu) to be safe and effective in mild to moderate COVID-19 patients.
The multiplex chain has launched a qualified institutional placement worth ₹300 crore, a few days after several states have started considering unlocking.
Bajaj Healthcare, Bata India, Dhanvarsha Finvest, Digispice Technologies, Gail India, Indian Metals & Ferro Alloys, Indraprastha Medical Corporation, Star Cement, TeamLease Services.
It has incorporated a wholly-owned subsidiary, TML CV Mobility Solutions, which will undertake sale and repair of electric vehicles, fuel cell buses and commercial vehicles.
It has incorporated a wholly-owned subsidiary, Mundra Windtech, which will manufacture wind turbine generators.
It reported a 10-fold jump in net profit in the March 2021 quarter to ₹70 crore, while revenue more than doubled to ₹9,760 crore, year-on-year.
It will raise ₹570 crore from select investors to fund the growth of its subsidiaries in the financing, insurance and financial services sectors.
Its March 2021 quarter net profit rose to ₹79 crore from ₹63 crore a year ago, while revenue increased to ₹784 crore from ₹657 crore, year-on-year.
Its March 2021 quarter net profit jumped by nearly 87 times to ₹1,336 crore from ₹15 crore, primarily due to the sale of a large commercial assets block.