Updated : June 22, 2021 07:41 AM IST
The Indian market is likely to open higher on Tuesday following gains in global markets. At 7:10 am, the SGX Nifty was trading 52.00 points or 0.33 percent higher at 15,780.50, indicating a positive start for the broader index in India.
Bharti Airtel | The company has announced a strategic partnership with Tata Group for implementing 5G network solutions for India. State Bank of India | The central board of the bank accorded approval for raising fresh Additional Tier 1 (AT 1 ) capital up to an amount of Rs 14,000 crore subject to government concurrence. PNB Housing Finance | The Securities Appellate Tribunal (SAT) has allowed the company to hold its EGM (Extraordinary General Meeting) scheduled today which would vote on the company’s Rs 4,000 crore deal with a consortium led by private equity giant Carlyle. However, the tribunal said the bank cannot declare the results of the voting till further orders are passed by it. United Breweries | The Competition Commission of India (CCI) has approved Heineken International BV’s proposed acquisition of an additional equity stake in the company. Dish TV India | The company’s board approved the raising of funds up to Rs 1,000 crore through a rights issue, at a price of Rs 10. Oil India | The company’s Q4FY21 consolidated net profit fell 27.1 percent to Rs 1,142.4 crore from Rs 1,567.8 crore, while revenue rose 2.8 percent to Rs 6,505 crore from Rs 6,330 crore, QoQ. Indian Bank | The bank has launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore, setting the floor price at Rs 142.15 per share. Adani Transmission | The company will seek shareholders’ nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures, etc in its annual general meeting on July 13. KPIT Technologies | The company will acquire a 60 percent stake in PathPartner Technology for Rs 89 crore. The balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The total consideration for a 100 percent stake will not exceed Rs 191 crore, the company said. PG Electroplast |The company approved Rs 76.6 crore incoming investment from Baring Private Equity India, Ananta Capital and others. VST Tillers Tractors | The company reported profit at Rs 12.93 crore in Q4FY21 against a loss of Rs 3.38 crore in Q4FY20. Revenue rose to Rs 194.74 crore from Rs 119.80 crore, YoY. MM Forgings | The company’s Q4FY21 net profit jumped to Rs 34.1 crore from Rs 3 crore, while revenue increased 75.9 percent to Rs 293.3 crore from Rs 166.7 crore, YoY. Jaiprakash Associates | The company’s Q4FY21 consolidated profit fell to Rs 424.41 crore from Rs 3,068.10 crore, while revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore, YoY. Nitco | The company has defaulted on the payment of interest and principal amount of two term loans totalling Rs 500 crore. Earnings Today | NMDC, Aster DM Healthcare, Bharat Electronics, Gandhi Special Tubes, GE Power India, ITI, Jaypee Infratech, Max India, Omax Autos, Peninsula Land, PNB Gilts, Religare Enterprises, Sobha, among others.
Published : June 22, 2021 07:41 AM IST