The main benchmark index tends to start trading with a quiet note amid a mixed global cue. Meanwhile, the US market took advantage and slipped to red last night, the Asian market was mostly up Wednesday morning. Today, the results of infosys and extended weekend factors can burden market sentiments. At 7:20 a.m., SGX Nifty April Futures was quoted at 17,560 as contrary to the close point 17,530 yesterday.
Income Watch: Infosys, Den Networks and Lesha Industries to announce today’s results. During a holiday weekend, the Textile Alok, Oriental Hotel, exciting medicine, HDFC Bank, ICICI Prudential Life and Integrated Capital Services are some important companies to announce the results of Q4.
HDFC Bank: Private sector lenders hope that the proposed merger with the HDFC parent will pave the way to enter into a global index such as MSCI and FTSE. The bank in his investor presentation has made the case quoting Saudi Aramco’s example – although the oil giant has free buoys only 0.5 percent. READ MORE
Nykaa: Falguni Nark, Chief Executive Officer and Founder of the Nykaa Beauty Inventory Company, has been named the EY entrepreneur this year for 2021 on Tuesday. Narak will now represent India at the World World of the Year award on June 9.
Vedanta: Chairman of the Agarwal Anil Company on Tuesday said that the company in partnership with Foxconn will establish a semiconductor manufacturing plant in the next two years. He called the registration of the pact with Foxconn as a “very big job”, and said that the semiconductor industry would promote other sectors such as cars and electronics in this country. READ MORE
Indian Tinplate Company: The company reported a 103.7 percent surge in Q4FY22 net profit at Rs 114.42 Crore by opposing Rs 56.16 Crore at Q4FY21. Total revenue also jumped 62.3 percent to RS 1,238.36 Crore from RS 762.86 Crore.
Anand Rathi Wealth: The company reported more than tripled in Q4 net profit at RS 34.80 Crore for the quarter ended March 31, 2022 when compared with Rs 10.09 Crore in the same quarter last year. Total revenue rose 49.4 percent yoy at Rs 114.75 Crore from Rs 76.81 Crore in the same period.
Hathway & DataCom Cable: Q4FY22 Net Profit Company Falls 58.5 Percent YoY to Rs 7 Crore Compared to RS 16.86 Crore at Q4FY21. Total revenue also decreased 2.1 percent to RS 162.84 Crore from RS 166.36 Crore.
Shriram City Union Finance: The company has set a target to increase its gold loan book with almost four times to Rs 20,000 Crore in the next five years. The company hopes to achieve this through aggressive expansion in northern India, after completion of the current merger process.
Spandana SpooThy: According to sources, microfinance institutions supported by Kedaara’s private equity funds, and Padmaja Reddy, the founder and former implementing director of the movement towards understanding of the payment of contributions and related party transactions. The source said the conversation was taking place between the company and Padmaja Reddy.
Thermax: The company has obtained orders worth RS. 522 Crore for boilers utilities and related systems for grassroots and petrochemical complexes in Rajasthan. This order includes two units of 260 high pressure utility boilers TPH along with additional Auxiliaries to be designed and produced by Thermax Babcock & Wilcox Energy Solutions (TBWES), Thermax subsidiaries that are fully owned.
Brightcom: The company has partnered with Intent IQ to increase the scale of growth & technology capabilities in various fields of the Adtech industry. The company estimates a significant increase in revenues of up to 30 percent through this partnership.
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