Oct 11, 2021
By: BI India BureauThe company has forayed into compressed biogas business. It has signed a definitive agreement with Shri Mataji Gauvansh Sewa Sansthan, a charitable trust for exclusively collaborating on the establishment of a bio-conversion plant.
Credit: BCCL
The company’s subsidiary Jaguar Land Rover’s second quarter retail sales fell 18.4 percent year-on-year as chip shortage hurts output.
Credit: BCCL
The information technology (IT) giant reported second quarter net profit at ₹9,624 crore, up 6.8 percent quarter-on-quarter and posted a revenue of ₹46,867 crore. Both net profit and revenue were below market expectations.
Credit: BCCL
Shares of the company are likely to be listed on the bourses today. Grey market premium suggests a ₹27 premium on the issue price.
Credit: BCCL
Its subsidiary Reliance New Solar Energy has acquired the entire stake in REC Solar Holdings from China National Bluestar (Group) for an enterprise value of $771 million.
Credit: BCCL
The lender’s current account savings account (CASA) ratio stood at 45 percent on September 30 vs 40 percent at June end. Its disbursements surged 65 percent on year during the second quarter, while gross advances were up 13 percent on year.
Credit: BCCL
Tata Metaliks, Delta Corp, HFCL, Krsnaa Diagnostics, Ramkrishna Forgings, Saregama India.
Credit: BCCL
RIL buys 40 percent stake in Sterling and Wilson Solar for ₹2,845 crore ($378 million) triggering an open offer.
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A report by The Economic Times said promoter Hemant Kanoria’s companies got cheap loans worth ₹9,300 crore from SREI firms.
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The company’s consolidated net profit jumped over 100 percent to ₹26 crore while revenue climbed 195 percent to ₹207.19 crore in the second quarter.
Credit: BCCL
WHV-EAM International Small Cap Equity Fund acquired 2,14,823 equity shares in the company at ₹3,011.27 per share.
Credit: Nazara-Technologies
The company’s stock will remain in focus as unlisted rival CarDekho is reportedly eyeing a billion dollar valuation. The stock is already up over 8 percent in the last five days.
Credit: CarTrade