Bank Stocks: The gross non-performing assets (GNPAs) ratio of banks may rise to 9.8 per cent by March 2022, under a baseline scenario, from 7.48 per cent in March 2021, according to the Financial Stability Report (FSR) released by the Reserve Bank of India.
Dixon Technologies, India: The government said 14 companies, including Dell, Lava, Dixon, have received approval under the Production Linked Incentive Scheme (PLI) for IT hardware. Over the next four years, these companies are expected to fuel a total production of over Rs 1.61 lakh crore.
Bharti Airtel: The chairman of Mittal said tariffs need to go up amid “tremendous stress” in the telecom sector, and Airtel will not hesitate to raise prices, but it will not do so unilaterally.
Vodafone Idea: The cash-strapped telecom operator has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022.
Hero Motocorp: The country’s top two-wheeler maker reported over a two-fold increase in its dispatches to dealers last month at 4,69,160 units as compared with 1,83,044 units in May this year.
Coal India: The state-owned coal miner said overall coal offtake rose by 32.7 per cent to 160.4 million tonnes (MT) in the first quarter of this ongoing fiscal. The company’s overall offtake was at 120.8 MT in the corresponding quarter of the previous fiscal, (CIL) said.
Lupin: The drug firm said it’s US-based arm has received approval from the US health regulator for its supplemental new drug application to expand the use of Solosec to include the treatment of trichomoniasis, a sexually transmitted disease.
Eicher Motors: Mid-sized motorcycle maker Royal Enfield said its total sales increased over one-fold to 43,048 units in June as compared with 27,294 units in May this year. The company’s domestic sales stood at 35,815 units last month as compared with 20,073 in May.
Healthcare: The drug firm Zydus Cadila on Thursday said it has applied for emergency use authorisation (EUA) with the Indian drug regulator for its three-dose COVID-19 vaccine ZyCoV-D, and plans to manufacture 10-12 crore doses annually.
NMDC: State-owned iron ore miner NMDC reported a 34 per cent increase in its output to 8.89 million tonne in the first quarter of the current fiscal. The company had produced 6.61 MT of iron ore in the same period a year ago.
Equitas Small Finance Bank: The recently listed lender said it has waived the non-maintenance charges across CASA accounts, making it one of the first private sector banks to launch the initiative aimed at benefiting small businesses hit by COVID-19.
: The IT firm (erstwhile
) said its board will meet on July 6 to consider a proposal for raising funds. The meeting of Board of Directors of the company is scheduled on Tuesday, July 6, 2021, to consider and approve raising of funds.
Indian Bank: The PSU lender K Ramachandran has demitted office as the executive director of the bank post his superannuation. Ramachandran, executive director of the bank, has demitted office on June 30, 2021, upon superannuation, the bank said.
NTPC: The state-owned power generator has said its units in the eastern region – nine projects in Bihar, Jharkhand and West Bengal – achieved the “highest-ever” quarterly power generation of over 13,580 MU of electricity in the April-June period of the 2021-22 fiscal.
Affle (India): The mobile adverstising said it has completed the acquisition of Jampp, a global programmatic mobile marketing company. In June, Affle had announced the acquisition of Jampp (Ireland) Ltd and its subsidiaries.
Company: The two-wheeler company reported a 51 per cent jump in sales to 2,51,886 units in June, against 1,66,889 units in May this year.
India: The PSU said the tenure of Mini Ipe as the shareholder director has ended on June 30 and Dinesh Pangtey is elected as the shareholder director of the bank, whose tenure commences from July 1, 2021.
Southern Petrochemical Industries Corporation: The Chennai based fertilizers compnay has reported a jump in its profit after tax for the quarter ending March 31, 2021 at Rs 42.50 crore. The agri-nutrient and fertiliser company had registered a profit after tax at Rs 28.53 crore during corresponding quarter previous year.
Manali Petrochemicals: The part of AM International, Singapore has reported consolidated profit after tax at Rs 91.38 crore for the quarter ending March 31, 2021. The Chennai-based petrochemical manufacturing company had reported consolidated profit after tax at Rs 14.14 crore during corresponding quarter previous year.
Reliance Infrastructure: Anil Ambani led AGAG group firm is in talks with Singapore based-Cube Highways for the sale of its four road assets for an enterprise value of Rs 1,430 crore, sources said. RInfra will use the proceeds from the sale to reduce debt.
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