January futures contract of smelly 50 indicates a muted start for domestic equities on Tuesday. The contract was trading at 17,934, down 11 points or 0.06% from its previous close.
Today’s Earnings: Bank of India, BLB, Chandra Prabhu International, Confidence Finance & Trading, Delta Corp, Dhenu Buildcon Infra, Eco Lifesciences, Eris Lifesciences, Gulshan Polyols, Hathway Cable & Datacom, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Indo Euro Indchem, JJ Finance Corporation, Maharastra Corporation, Mangalam Industrial Finance, Mastek, Metro Brands, Netowrk18 Media and Investments, Newgen Software Technologies, OCL Iron and Steel, Omkar Overseas, Shalby, Shish Industries, Shri Pushkar Chemicals & Fertilizer, Shri Niwas Leasing And Finance, Tata Investment Corporation, Tata Metaliks, Tiger Logistics (India), Tokyo Finance, Tokyo Plast International, TV18 Broadcast, and Zodiac Ventures are scheduled to announce their October-December quarter results (Q3FY23) on Tuesday.
ONGC: In a late night notification on Monday, the Center announced reduction in its windfall tax on crude oil from Rs 2,100 per tonne to Rs 1,900 ($23.28) per tonne with effect from Tuesday. The notification said that the government has reduced export tax on ATF from Rs 4.5 per liter to Rs 3.5 per liter and on diesel from Rs 6.5 per liter to Rs 5 per litre.
Adani Power: DB Power and Adani Power have mutually agreed to extend the long stop date to February 15, 2023 for achieving completion/completion.
Bank of Baroda: Center extended the tenure of Sanjiv Chadha as Managing Director and Chief Executive Officer (MD & CEO) of Bank of Baroda till the date of his superannuation i.e. 30.06.2023 or until further orders, whichever is the case Is. is first.
V-Mart Retail: A fire broke out on Monday at a company’s store located in Kanpur, Uttar Pradesh. The company informed the exchanges that there was no loss or injury to human life. However, this has caused damage to the store’s inventory, fixed assets, cash and others, which has disrupted the operations of the above stores.
PNB Housing Finance: A meeting of the board of directors has been scheduled on Tuesday, January 24, to consider raising up to Rs 2,000 crore through non-convertible debentures (NCDs).
M&M: Mahindra & Mahindra Ltd on Monday announced the launch of its first electric SUV XUV400 priced at Rs 15.99 lakh. The introductory prices are applicable on the first 5,000 bookings for each of the two variants. Mahindra aims to deliver 20,000 units of the XUV400 within a year of launch.
JSW Steel Special Products: The company said its consolidated net loss widened to Rs 97.98 crore in the December quarter (Q3FY23), from a loss of Rs 27.12 crore in the previous year. Its total income declined to Rs 1,110.33 crore from Rs 1,476.46 crore during the previous year period.
Angel One: Angel One on Monday reported a 38.6 per cent rise in consolidated profit at Rs 227.98 crore in Q3FY23, as against Rs 164.5 crore in a year-ago period. Consolidated total revenue from operations grew by 25.5 per cent to Rs 759.66 crore as its customer base grew by 60.7 per cent to 1.25 crore. The board has recommended a dividend of Rs 9.60 per share.
Vikas Ecotech: The R&D division of Vikas Ecotech Limited has announced a collaboration with King Khalid University, Saudi Arabia.
Phoenix Mills: Phoenix Logistics & Industrial Parks Pvt Ltd, a wholly owned subsidiary of the company, has completed the acquisition of 100 per cent equity shares of Janus Logistics & Industrial Parks Pvt Ltd for an aggregate consideration of Rs 26.03 crore.
India Pesticides: The company has successfully commissioned Herbicide Technical at its Sandila plant, exclusively for export markets.
Siemens: Capital goods major Siemens on Monday said it has signed a contract worth Rs 26,000 crore to manufacture 1,200 electric freight locomotives for the Indian Railways. This is the biggest order for Siemens.
NTPC: NTPC Renewable Energy has signed a Memorandum of Understanding (MoU) with the Government of Tripura for the development of floating and ground mounted renewable energy projects in the state.
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