Tata Consultancy Services: The IT major has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.
and Special Economic Zone: The Adani group’s shipping major will seek shareholders’ nod this month for the reappointment of Gautam S Adani as its Managing Director. It will also seek the approval of shareholders for the reappointment of Karan Adani as the whole-time Director for a period of five years with effect from May 24, 2022.
HDFC: The mortgage lender said it has partnered with software firm Salesforce to support the company’s growth priorities. HDFC wanted to build the next generation of integration backbone, to easily connect backend and frontend systems including Salesforce.
Tata Steel: The steel major said its consolidated steel output remained flat at 7.66 million tonnes (MT) during April-June quarter of the current financial year. The company produced 7.65 MT of steel in the same quarter of the previous fiscal.
NTPC: The state-owned power giant said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26.40 lakh metric tonnes (MT) in the same period a year ago.
Adani Transmission: The power transmission arm said that it will seek shareholders’ approval for the proposed related-party transactions worth up to Rs 10,600 crore in 2022-23. Three resolutions for the purpose of related party transactions during 2022-23 are listed on the agenda as per the notice of the company’s AGM scheduled on July 27.
Biocon: The drug maker’s arm Biocon Biologics said its Bengaluru-based manufacturing plant has received EU GMP certification from Ireland’s Health Products Regulatory Authority. The company’s new monoclonal antibodies (mAbs) drug substance manufacturing facility (B3) at Biocon Park, Bengaluru.
Yes Bank: The private lender said its loans and advances increased by 14 per cent to Rs 1,86,598 crore at the end of June 2022 from Rs 1,63,654 crore at end-June 2021. Gross retail disbursements during the quarter more than doubled to Rs 11,431 crore compared to Rs 5,006 crore by June 30, 2021.
Marico: The FMCG major reported a volume decline “in mid-single digits” in its India business, as the sector continued to witness “tepid demand” as rising retail inflation exerted pressure on the share of wallet.
Indian Energy Exchange: The energy bourse has registered a 17 per cent year-on-year growth in trade volume to 8,267 million units (MU) in June. Power trade volume stood at 7,093 MU
(IEX) in the year-ago period.
RBL Bank: The private sector lender said its total deposits grew by 6 per cent year-on-year to Rs 79,217 crore at end of Q1FY23. Gross advances rose by 7 per cent to Rs 62,095 crore. It said bank’s asset quality parameters on the portfolio continue to see improvement in Q1 FY23, in line with the improving trend of the past few quarters.
Long Products: The subsidiary of Tata Steel posted around 4 per cent fall in its direct reduced iron (DRI) output to 2.34 lakh tonne (LT) during the April-June quarter of the current financial year. The company produced 2.43 LT of DRI in the same quarter of the previous fiscal.
promoter Burman family has now become promoter of the Kolkata-based flashlight and battery maker. Entities belonging to the family – Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises and Chowdry Associates – jointly own 38.38 per cent in the company after the completion of an open offer in June.
Equitas Holdings: The financial service firm has divested its entire shareholding in Equitas Technologies (ETPL) as part of the regulatory requirement to complete the amalgamation involving its subsidiary Equitas Small Finance Bank.
is the promoter of (ESFB).
Satia Industries: The paper company has received an order worth over Rs 105 crore from National Council of Educational Research and Training (NCERT). The company will supply 11,000 tons of Maplitho paper of 80 GSM in sheets and reels for printing of text books.
Shoppers Stop: The retail chain has plans to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations.
plans to increase the share of new and refurbished stores to over 50 per cent in FY23.
Tejas Networks: The telecom equipment company has acquired 60,81,946 equity shares or 62.65 per cent stake in Saankhya at a price of Rs 454.19 per equity share at total cost o Rs 276.24 crore. After the said acquisition, Saankhya has become a subsidiary of the company.
SJVN: The state-run power firm said its power generation rose by 12.29 per cent to 2,736.3 million units (MU) in the April-June quarter compared to the year-ago period. Technical expertise and excellence in plant maintenance and optimum utilization of the available resource led to this achievement.
PTC India: The power trading firm posted over two-fold jump in its standalone net profit at Rs 155.89 crore in January-March, 2022 quarter compared to the same period a year ago. The company had reported a standalone net profit of Rs 63.35 crore in the quarter ended on March 31, 2021.
Coffee Day Enterprises: The breweries company reported a total default of Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for the quarter ended June 30, 2022. The debt-ridden company has a total debt of Rs 495.18 crore, including short-term and long-term debt.
Lancor Holdings: The Real estate developer has unveiled ‘Blue Circle’ townships located on the outskirts of the city, targeted at senior citizens. The townships would be set up at Sriperumbudur, Guduvanchery and Sholinganallur to serve senior citizens.
KPI Green Energy: The renewable energy company has received the biggest order for executing solar power project of 23.60 MWdc capacity from Nouveau Jewellery LLP and 3 MWdc capacity from Nouveau Diamonds Manufacturing India LLP. The order is under ‘captive power producer (CPP)’ segment of the company.