smelly Futures contracts traded on the Singapore Exchange indicated a positive opening for domestic equities. The contract was trading at 17,678.50, up 25 points or 0.14% from the previous close.
result today
HCL Tech, ICICI Pru Life, Cyient, Lakshmi Organic Industries and many others will announce their quarterly results today.
HCL Tech: After poor numbers from TCS and Infosys, all eyes are on HCL Technologies as its Q4 results are due today.
Tata Motors: Jaguar Land Rover (JLR) on Wednesday said it plans to ramp up its investment in electric vehicles (EVs) as it chases global rivals, with the British luxury carmaker promising its first new electric Jaguar in 2025. Is. JLR, which is owned by India’s Tata Motors, said it would invest 15 billion pounds ($19 billion) in EVs over the next five years. Previously, the carmaker had said it would invest £2.5 billion a year on electrification.
Adani Ports: Adani Ports and Special Economic Zone Ltd on Wednesday said the company’s board will hold a meeting on April 22 to consider partial buyback of some of its debt securities with effect from this financial year. Adani Group’s total debt as on March 31 was around Rs 2.27 trillion. Earlier this month, the company said in a presentation to its creditors that there is no material refinancing risk and near-term liquidity needs as there are no significant near-term debt maturities outside the credit envelope.
ICICI Securities: ICICI Securities, part of the ICICI Group, reported a 23% decline in its profit after taxes (PAT) in the March quarter of FY23 from Rs 340 crore in the same quarter of FY2012. It reported a modest 5% YOY growth in its retail revenue to Rs 778 crore. Owing to weakness in the Equity Capital Market (ECM), the company’s consolidated total revenue stood at Rs.885 crore, lower by 1% as compared to the revenue earned during the same period last fiscal.
JSW Steel: JSW Steel on Wednesday said it has no plans to supply special steel products to Russia, with the private steel maker claiming it wants to export steel items to that country. Media reports said on Wednesday that JSW Steel is planning to supply special steel items to Russia by the end of the year. When contacted, a JSW Steel spokesperson told PTI, “The company is not planning to supply special steel to Russia.
Titan: Rising gold prices have prompted Tanishq, the jewelery arm of Titan Company Ltd, to restore its advanced booking option, allowing buyers to lock in the price of the yellow metal ahead of auspicious occasions like Akshaya Tritiya. It is also enhancing its gold-exchange program and offering an affordable range of jewelery to entice consumers. The move is a big push by big retailers to keep pace with demand amid rising gold prices.
Bank of Maharashtra: Bank of Maharashtra is targeting to raise capital up to Rs 7,500 crore for FY24, which includes follow-on public offer, qualified institutional placement (QIP), preferential issue etc. The board of directors of the bank will discuss. issue in their meeting to be held on April 24, 2023. The company’s stock closed at Rs 28.58, up 0.81% on the BSE. The Bank may also attempt to raise capital by way of issue of BASEl III or other such securities on the basis of methods approved in the meeting.
Tata Communications: Tata Communications on Wednesday reported a 10.7 per cent decline in consolidated net profit at Rs 326 crore for the quarter ended March 2023. This is against a net profit of Rs 365 crore in the corresponding quarter of the previous fiscal, Tata Communications said in a regulatory filing. Consolidated revenue from operations grew 7.2 per cent to Rs 4,568.7 crore in the quarter under review, as against Rs 4,263 crore a year ago. Tata Communications reported a consolidated net profit of around Rs 394 crore for the December 2022 quarter.
AU Small Finance Bank: AU Small Finance Bank Ltd (SFB) on Wednesday said it has received permission from the Reserve Bank of India (RBI) to act as an authorized dealer to deal in foreign exchange. AU Small Finance Bank said in a regulatory filing that the Reserve Bank, vide its letter dated April 19, 2023, has permitted it to act as an Authorized Dealer Category-I (AD-I) under Section 10 of FEMA, 1999 for transactions in foreign currency. licensed to do so. , The company will be able to deal in foreign currency subject to compliance with applicable regulations.
PVR: PVR Pictures Ltd., the film distribution arm of PVR Ltd., posted revenue of nearly ₹200 crore for FY23 on the back of strong box office performances of Drishyam 2, Vikram Vedha and John Wick 4. It is now looking to expand the business. Joint Managing Director Sanjeev Kumar Bijli said with more independent films across languages. The firm, which has also produced films, has no plans to go back to production but is looking to ramp up distribution of Indian films, including Hindi and regional films as well as English and Japanese television animation, Power he said.
Prestige Estates: Realty firm Prestige Estates on Wednesday said its sales bookings grew 25% to a record Rs 12,930.9 crore in the last fiscal due to strong housing demand. In a regulatory filing, the Bengaluru-based firm said, during the financial year FY23, the group registered highest ever sales of Rs 12,930.9 crore (up 25% YoY) and highest ever collections of Rs 9,805.5 crore (up 31%). Sales bookings stood at 15.09 million sq ft with an average realization of ₹8,812 per sq ft for apartment/villa/commercial sales.
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