January futures contract of smelly 50 on the Singapore Exchange indicates a positive start to the week for domestic equities. The contract was trading at 18,059, up 20.5 points or 0.11% from the previous close.
Today’s Earnings: Artemis Electricals & Projects, Angel One, Banaras Beads, Deep Diamond India, Federal Bank, Gujarat Lease Financing, Gothi Plascon, Ishaan Infrastructures & Shelters, Indian Acrylic Men, JSW Ispat Special Products, Kesoram Industries, Bank Iof Maharashtra, MKVentures Capital, Oscar Global, Poddar Pigments, Raghuveer Synthetics, Shree Ganesh Remedies, SVP Global Textiles, Tinplate Company of India, Trident Lifeline and Trident Texofab are scheduled to present their December quarter results today.
Wipro: Wipro on Friday, after market hours, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, a year-on-year (YoY) growth of 2.8 per cent. Consolidated revenue grew 14.35 percent to Rs 23,229 crore in the quarter, as against Rs 20,313.6 crore in the previous year. The company expects full year revenue from its IT services to grow by 11.5-12 per cent in constant currency terms.
HDFC Bank: The country’s largest private sector lender HDFC Bank on Saturday reported an 18.5 per cent rise in its standalone net profit at Rs 12,259.5 crore for the third quarter ended December 2022. Ten million. The lender said the bank’s core net interest margin stood at 4.1 per cent on total assets and 4.3 per cent on interest-earning assets.
Avenue Supermarts (DMart): Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a 6.71 per cent increase in its consolidated net profit at Rs 589.64 crore for the third quarter ended December 31, 2022. registered an increase of Revenue from operations increased by 25.50 per cent to Rs 11,569.05 crore during the quarter under review as against Rs 9,217.76 crore in the corresponding quarter of the previous fiscal.
NDTV: The company informed the exchanges that it is in the process of forming a new leadership team that will set a new strategic direction and goals for the company. This comes after president Suparna Singh, chief strategy officer, Arijit Chatterjee, chief technology and product officer, Kavaljit Singh Bedi, and founders Prannoy Roy and Radhika Roy quit the company’s board last month.
Jet Airways: The National Company Law Tribunal (NCLT) on Friday allowed the application of Kalrock-Jalan consortium for Jet Airways to implement its resolution plan and inject funds into the grounded airline to revive it. The tribunal also gave the consortium 180 days after November 16 to pay the dues to creditors and employees.
L&T Finance Holdings: The company on Friday reported a 39 per cent rise in consolidated profit at Rs 454 crore for the quarter ended December 31, 2022. The company’s net interest income grew 23.5 per cent year-on-year to Rs 1,931.8 crore. , Its net interest margin (NIM) plus fees declined 70 basis points (bps) YoY to 8.80 per cent. Besides, it divested mutual fund business and received sale consideration of Rs 3,485 crore during the quarter.
State Bank of India: SBI will increase the 1-year lending rate by 10 bps to 8.40 per cent.
RattanIndia Enterprises: RattanIndia Enterprises Ltd has completed the acquisition of 100 per cent stake in electric motorcycle market leader Revolt Motors, the company said in an exchange filing on Saturday. With this acquisition of Revolt Motors, Ratanindia Enterprises aims to significantly accelerate the growth of Revolt and make it the largest EV two-wheeler company in the country.
Sula Vineyards: In its Q3 business update, Sula Vineyards informed the exchanges that its own brand sales grew 13 per cent to Rs 187.2 crore as against Rs 165.7 crore, while wine tourism business grew 13 per cent to Rs 23 crore . 20.3 crores year-on-year to Rs.
Dr. Reddy’s Labs: Dr. Reddy’s has launched in-house Palbociclib to increase access to high quality breast cancer drug.
Sagar Cements: The company has been declared the successful resolution applicant for Andhra Cements.
Natco Pharma: In a relief to Indian drug makers, the Delhi High Court has advised the Assistant Controller of Patents to hear Hyderabad-based drug maker Natco Pharma’s opposition to Novartis’ patent, the latter’s blockbuster heart failure drug (sacubitril and valsartan) Combination of).
Dillivari: Dillivari completes acquisition of Algorithm Tech
NTPC: Two major infrastructure projects are being blamed for the havoc in Joshimath – NTPC Tapovan Vishnugarh Hydro Electric Project (HEP) and Char Dham National Highway Project. The Union power ministry has come out in support of its wholly-owned power generator NTPC, backing its claim that the hydropower project had no role in the subsidence.
Disclaimer:Disclaimer: The views and investment tips given by the experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decision.
read all latest business news Here