Jun 7, 2021
By: Rounak JainIndia’s largest airline saw its losses widen to ₹1,147 crore against ₹871 crore a year ago. This is the fifth straight quarterly loss.
Credit: BCCL
With rising oil prices and a debilitating second wave, the April-June quarter may also be painful for the airline.
Credit: BCCL
Shares of the company are up by over 19 percent, two days after the company announced that consumers in Mumbai can switch to green energy.
Credit: Adani-Power
Avenue Supermarts, PVR, United Spirits, Indian Hotels Company, Maruti Suzuki among others could gain from COVID-19 unlocking in Mumbai and Delhi.
Credit: BCCL
State-owned oil marketing companies Indian Oil, Hindustan Petroleum, Bharat Petroleum are likely to benefit from a surge in crude oil prices.
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The non-banking lender said its non-performing assets i.e. unpaid loans, could rise by October, and credit cost may rise by ₹1,300 crore.
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Its total production in May 2021 surged to 40,924 vehicles, from 3,714 vehicles a year ago when production was halted by a strict nationwide lockdown.
Credit: BCCL
The May 2021 output of 40,924 vehicles would be comparable to the 1,59,955 units the country’s largest car maker produced in April 2021.
Credit: BCCL
MRF, Mrs Bectors Food Specialities, Central Bank of India, Dynamatic Technologies, Fairchem Organics, The New India Assurance Company, Jubilant Ingrevia, SMC Global Securities, Union Bank of India.
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The troubled bank reported a net profit of ₹586 crore in the March 2021 quarter, against a loss of ₹697 crore a year ago. Net interest income rose by 1.9 percent to ₹6,938 crore, year-on-year.
Credit: BCCL
It reported a fall in net profit in the March 2021 quarter to ₹214 crore from ₹260 crore a year ago. Revenue increased marginally to ₹1,552 crore from ₹1,497 crore, year-on-year.
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It has approved fundraising of ₹551 crore via preferential allotment of shares to the promoters and Varde Investment Partners.
Credit: Reliance-Infrastructure
Its subsidiary Tata Steel Mining has been declared as the successful resolution applicant for acquiring Rohit Ferro-Tech.
Credit: Tata-Steel
Integrated Core Strategies Asia sold 6.1 million shares of the company at ₹218.38 per share.
Credit: Zee-Entertainment