Earnings today: Federal Bank, HCL Technologies, Bajaj Consumer Care, LKP Securities, Shoppers Stop, Tata Communications and Uniply are slated to announce their financial results for September quarter on Friday.
IDBI Bank: The country’s biggest institutional investor Life Insurance Corporation of India (LIC) is keen to divest its stake in IDBI Bank, ET NOW reported quoting government sources.
Mindtree: IT firm Mindtree posted a 87.9 per cent rise in consolidated net profit to Rs 253.7 crore for the September 2020 quarter, and said it was confident of continuing its growth momentum.
Bank: The Board of Directors of
Bank (LVB) on Thursday approved raising of funds up to Rs 500 crore through issue of equity shares or such other securities by way of rights issue.
Persistent Systems: The company said it will acquire Palo Alto-based Capiot. Under the deal, Persistent Systems Ltd India (PSL) will acquire 100 per cent shares of Capiot Software – the Indian subsidiary of Capiot Software Inc and consequently, Capiot India will become a wholly-owned subsidiary of PSL, a regulatory filing said.
Sterling and Wilson: Engineering firm Sterling and Wilson said it has signed a contract to construct a solar PV battery storage and diesel genset-based hybrid power plant in Niger in West Africa.
LIC Housing Finance: On the back of “a much-more-than-expected recovery in demand since the past two months”, India’s second-largest pureplay mortgage lender LIC Housing Finance expects a bumper festival season as it eyes loan growth to be in double-digits, according to a report by PTI.
Cyient: IT firm Cyient reported a 14.8 per cent decline in its consolidated net profit at Rs 83.9 crore for September 2020 quarter.
South Indian Bank: The lender reported 23 per cent decline in net profit at Rs 65.09 crore for September quarter of the current fiscal year. The bank had posted a net profit of Rs 84.48 crore in July-September 2019-20. In the previous June quarter, South Indian Bank had a profit of Rs 81.65 crore.
AstraZeneca Pharma: Drug firm AstraZeneca Pharma India said it will launch its Acalabrutinib 100 mg capsules, used for treatment of various types of blood cancers, under the brand name ‘Calquence’ in the country on October 21.
Hero Motocorp: Two-wheeler market leader Hero Motocorp said it has launched its new Pleasure+ Platinum scooter model, priced at Rs 60,950 (ex-showroom Delhi).