Taking cues from global peers, major benchmark indices are likely to start an action-packed week. This week, the focus will be on the upcoming RBI policy, with economists expecting the central banker to raise their inflation expectations.
Wipro
The company collaborated with the University of South Carolina and the Indian Institute of Technology, Patna to advance Artificial Intelligence (AI)-led innovation.
lupine
The company has signed a definitive agreement with Anglo-French Drugs and Industries to acquire a portfolio of brands. This will strengthen the presence of vitamins, minerals and supplements and in the central nervous system segments.
IT stock
IT companies may beat Ukraine crisis, inflation concerns in the recently ended March quarter. Indian IT services companies’ results for Q3 FY12 are expected to continue the growth momentum as demand picks up due to digital transformation and cloud shift, but analysts expect margins to be under pressure due to supply challenges. Will happen.
Further, in a major relief to Indian information technology (IT) companies operating in Australia, Canberra on Saturday amended its domestic laws to prevent tax on offshore income of such Indian companies, as part of a free trade deal. has agreed to do.
Avenue Supermarts (DMart)
The company reported a 17.8 per cent year-on-year jump in Q3 revenue on a standalone basis. According to a release issued by the company to BSE, the company’s standalone revenue from operations for the quarter ended March 2022 increased from Rs 7,303.13 crore to Rs 8,606.09 crore.
Indian Oil Corporation (IOC)
The oil retailer said on Sunday, will invest around Rs 840 crore to expand its petroleum, oil and lubricants storage capacity, including setting up a greenfield facility in the Northeast.
Eveready Industries
The Supreme Court has directed the Arbitral Tribunal to dispose of an application by Eveready Industries challenging the jurisdiction without being affected by the observations of the Division and Single Bench of the Delhi High Court in the case of KKR India Financial Services.
maruti suzuki
According to a senior company official, the country’s largest carmaker aims to sell 4-6 lakh CNG units in the current financial year depending on the supply position of essential components.
Adani Enterprises
Two state government officials told Reuters that Andhra Pradesh has rejected bids made by Adani Enterprises for two separate tenders to supply imported coal.
HDFC bank
The loan book of the country’s largest private sector lender grew by nearly 20.9 per cent on a year-on-year (YoY) basis to Rs 13.69 trillion in FY22. The outstanding loan book stood at Rs 11.32 trillion as on March 31, 2021.
Hindustan Aeronautics (HAL)
Public sector aeronautics giant HAL on Friday said it recorded its highest ever revenue of over Rs 24,000 crore (provisional and unaudited) in the financial year 2021-22 (FY22).
JB Chemicals
The KKR-backed company, owner of the Rantac and Metrogil brands, is trying to make a mark in the lozenges category to increase its share of the domestic market to 60 per cent in the business. The company is now planning to foray into newer areas like sleep disorders, sexual wellness, motion sickness and immunity apart from traditional areas like cough, sore throat etc.
fertilizer stock
Fertilizer companies have started passing a part of the rising cost to the farmers. Fertilizer major IFFCO has increased the price of DAP from Rs 1,200 per bag to around Rs 1,350 per 50 kg (an increase of 12.5 per cent), while a variety of NPKS has been increased from Rs 1,400 per 50 kg bag to Rs 1,400 per bag, sources said. 50 kgs. Earlier Rs 1,290 per bag (an increase of 8.5 per cent).
Future Retail
The debt-ridden company said it missed the due date of repayment of Rs 5,322.32 crore to lenders due to ongoing litigation with e-commerce major Amazon and other related issues.
Jet Airways
Banks have given conditional support to the Kalrock-Jalan consortium’s plea for an additional two months to meet the conditions required for the implementation of Jet Airways’ revival plan. NCLT to hear the matter on Monday; The consortium had said that the expansion was necessary to prevent the company from slipping into liquidation.
torrent power
The company formally took over power distribution operations in the union territories (UTs) of Dadra and Nagar Haveli, Daman and Diu, one of the first union territories to be privatized under the government’s program.
Public Sector Banks (PSBs)
According to the ICRA, state-run banks seeking capital through recapitalization (recap) bonds may incur a loss of around Rs 13,000 crore following the Reserve Bank of India’s (RBI) directive to recognize these bonds at market value.
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