The Indian market is expected to open on a flat note on Friday after losses by its global peers. At 7:10 am, the SGX Nifty was trading 6.50 points or 0.04% lower at 15,703.00, indicating a flat start for the broader index in India.
Tata Consultancy Services: The company’s net profit in the first quarter of fiscal 22 fell 2.6% to Rs 9,008 crore from Rs 9,246 crore, revenue increased 3.9% to Rs 45,411 crore against Rs 43,705 crore, QoQ. Dollar revenue increased 2.8% to $ 6,154 million from $ 5,989 million in the quarter. EBIT declined 1.2% to Rs 11,588 crore, while the EBIT margin fell 130 basis points to 25.5%, sequentially.
Steel tata | CARE raised the Company’s long-term credit rating to AA + from AA and the outlook to Stable from Negative. (Image: Reuters)
Tata Engines | The company signed a two-year memorandum of understanding with Jammu & Kashmir Bank for retail financing.
Dynamics of Bharath | The company signed a contract worth around Rs 499 crore with the Ministry of Defense for the manufacture and supply of Akash missiles to the Indian Air Force.
Union Bank of India | The bank has accepted offers to raise up to Rs 1,150 crore by issuing Basel III-compliant bonds.
JSW Ispat Special Products | The company’s crude steel production in T1FY22 was 0.14 million tonnes, down 6% from 0.15 million tonnes in T4FY21 and up 76% from 0.08 million tonnes. tonnes year-on-year.
Elgi equipment | The US subsidiary of the company formed a joint venture “Gentex Air Solutions, LLC” and invested $ 95,000 for a 33.33% interest.
Texmaco Rail & Engineering | CARE reaffirmed the company’s long-term credit rating at A-, but downgraded the outlook to Negative from Stable.
Bank Jammu and Kashmir | The Reserve Bank of India imposed a penalty of 1 crore rupee on the bank, due to the violation of the instructions in the circulars on “Loans to Non-Bank Financial Corporations (NBFCs) and Bank Financing to Corporations”. non-bank financial institutions (NBFC) ‘.
Sugar industries of Dwarikesh | The company has embarked on a project to create a 175 KLPD distillery in its Dwarikesh Dham unit in Bareilly, Uttar Pradesh, with an investment of Rs 232 crore.
Renewable energies from Sangam | The company sold its entire stake in its subsidiary Waacox Energy to Aditya Birla Renewable at an enterprise value of Rs 81.57.55.500 on the transaction. The company will use this product to reduce its short term debt by Rs 40 32 92 379 on a stand-alone basis.
Earnings today | Delta Corp, Excel Realty N Infra, Integrated Capital Services, K&R Rail Engineering, Madhucon Projects, Mapro Industries, Metalyst Forgings, Valencia Nutrition, among others.
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