Tata Consultancy Services: The country's largest IT services company is set to release its quarterly as well as full-year earnings scorecard on April 12. In addition, Anand Rathi Wealth will also announce its quarterly earnings on the same day
Phoenix Mills: The company reported total consumption at Rs 2,818 crore for the quarter ended March FY24, growing 27 percent over a year-ago period, while gross retail collections increased by 37 percent YoY to Rs 791 crore during the same period. In FY24, total consumption rose 22 percent to Rs 11,327 crore, and gross retail collections jumped 27 percent to Rs 2,743 crore compared to the previous year.
Dr. Reddy’s Laboratories: The pharma major has launched the drug-free, non-invasive migraine management wearable device Nerivio in Germany through its step-down subsidiary betapharm. Nerivio is approved by the United States Food and Drug Administration (USFDA) and is CE-mark-certified in Europe. Last year, the company entered into an exclusive agreement with Theranica for the marketing and distribution of Nerivio in multiple markets.
Bandhan Bank: The lender has received approval from the board of directors for the appointment of Satish Kumar as head of wholesale banking, with effect from April 10. Before Bandhan, Kumar spent over 15 years with Kotak Mahindra Bank, managing corporate business as national head of credit (midmarkets).
Bank of Baroda: The public sector lender has increased its marginal cost of funds-based lending rate (MCLR) by 5 bps across most of the tenures (barring one month), with effect from April 12.
Wipro: The IT services company has appointed Malay Joshi as Chief Executive Officer for Americas 1 strategic market unit, with effect from April 10. Prior to this, Malay was senior vice president and business unit head.
Larsen & Toubro: The infrastructure major has completed the divestment of its entire 51 percent stake in L&T Infrastructure Development Projects to Epic Concesiones. Consequently, L&T IDPL and its subsidiaries have ceased to be subsidiaries of the company. L&T Infrastructure Development Projects is a joint venture between Larsen & Toubro and the Canada Pension Plan Investment Board.
TVS Supply Chain Solutions: The global supply chain solutions provider has achieved a milestone of 5 lakh CKD (complete knock-down) kits for its customer, TVS Motor Company.
Landmark Cars: The automobile retailer has incorporated a wholly owned subsidiary company, namely Landmark Premium Cars (LPCPL), to conduct the business of sales, after-sales, and allied business.
Uno Minda: The automotive solutions and systems provider has secured a strategic land parcel of 94.32 acres at IMT Kharkhoda, Haryana HSIIDC, for its ongoing and future expansions. Of which, 25 acres have been designated for its greenfield alloy wheel plant, which has a capacity of 120,000 wheels per month. The plant, with a capital outlay of Rs 542 crore, will be set up in a phased manner over the next 5 years, with phase 1 commissioning in Q2 FY26.
Trident: The company has successfully commissioned the capacity of a 1.1 MW solar power project at Budhni, Madhya Pradesh. The total installed capacity of the roof-top solar power plant at the same facility has reached 29.5 MWp. The power generated from the solar power project will be consumed captively for manufacturing facilities at Budhni.
Vakrangee: The company has entered into an agreement with Global One Enterprises (Max TV) to offer subscription-based OTT plans through its Vakrangee Kendra networks. Max TV specializes in providing IPTV/OTT services in India.
Karnataka Bank: The private sector lender has expanded its collaboration with FISDOM to offer stock broking services and 3-in-1 (savings, demat, and trading) accounts through its mobile banking app, KBL Mobile Plus
Maharashtra Seamless: The company has received an order worth Rs 674 crore from ONGC for the supply of casing seamless pipes. The order will be executed within 44 weeks.
Metropolis Healthcare: The company experienced around a 10 percent YoY increase in overall revenue for the quarter ended March FY24. The core business revenue grew by 15 percent YoY, driven by volume growth of approximately 8 percent and RPP growth of 7 percent YoY for the quarter. RPP growth was largely driven by growth in the specialty testing segment, the premium wellness segment, and price increases. B2C revenues increased by 18 percent YoY for the quarter, while EBIDTA margins showed a consistent upward trend both quarter-over-quarter and year-over-year. The company has repaid its debt in Q4 FY24, resulting in a debt-free status as of March 2024.
National Aluminium Company: Khanij Bidesh India (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research—Institute of Minerals and Materials Technology (CSIR-IMMT) for technical and knowledge cooperation for critical minerals. KABIL is a joint venture company of three Indian public sector undertakings: National Aluminium Company (NALCO), Hindustan Copper (HCL), and Mineral Exploration and Consultancy (MECL).
Bharti Hexacom: The subsidiary of telecom operator Bharti Airtel is set to debut on the bourses on April 12. The final issue price has been fixed at Rs. 570 per share. Its IPO shares traded at a premium of a premium of more than 15 percent over the issue price in the grey market, an unofficial platform, market observers said.
Bhagiradha Chemicals and Industries: The company has received approval from the board of directors for the sub-division or split of the existing one equity share (of a face value of Rs 10 each) of the company into 10 equity shares (of a face value of Rs 1 each).
Isgec Heavy Engineering: Cavite Biofuel Producers Inc. (CBPI), Philippines, the step-down subsidiary of the company, has commenced commercial operation at its new ethanol plant in the Philippines after obtaining all requisite approvals.
Computer Age Management Services: The company has received a certificate of authorization from the Reserve Bank of India to operate as an online payment aggregator. The company had received an in-principle authorization from the RBI to operate as an online payment aggregator in February 2023.
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