shadow

The Indian market is likely to open higher on Monday following gains in global markets. At 7:10 am, the SGX Nifty was trading 68.00 points or 0.43 percent higher at 15,777.00, indicating a positive start for the broader index in India.

Maruti Suzuki | The company’s total production in May 2021 jumped to 40,924 vehicles from 3,714 vehicles manufactured in May 2020.

Tata Steel | The company’s subsidiary Tata Steel Mining Ltd has been declared as the successful resolution applicant by the Committee of Creditors for the acquisition of Rohit Ferro-Tech Ltd.

InterGlobe Aviation | IndiGo Q4FY21 net loss widened to Rs 1,147.2 crore from 870.8 crore, while revenue fell 25 percent YoY to Rs 6,222.9 crore. EBITDAR rose to Rs 648.3 crore from Rs 86.7 crore, while EBITDAR margin was at 10.4 percent as against 1.0 percent, YoY.

Dr Reddy’s Laboratories | The company is recalling 2,980 bottles of Atorvastatin Calcium tablets in the US due to quality issues.

Punjab National Bank | The bank’s Q4FY21 standalone profit rose 15.9 percent to Rs 586.33 crore from Rs 506.03 crore, while net interest income fell 16.5 percent to Rs 6,937.55 crore from Rs 8,312.98 crore, QoQ.

Bank of Baroda | The bank’s board has approved to set off the accumulated loss of over Rs 11,048 crore against the share premium account of the bank.

PowerGrid Corporation of India | The company acquired Fatehgarh Bhadla Transco (FBTL) and Sikar New Transmission Limited (SNTL), the project SPVs to establish transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) on build, own, operate and maintain (BOOM) basis from the bid process coordinator – REC Power Distribution Company.

Welspun Corp | American Petroleum Institute, USA, has granted a license to the company to manufacture SAWH pipes as per API Specification 5L and to apply API monogram on the pipes from the company’s Madhya Pradesh facility.

Reliance Infrastructure | The company approved raising up to Rs 550.56 crore by preferential allotment of up to 8.88 crore shares and/or warrants convertible into an equivalent number of shares to promoter group and VFSI Holdings Pte. Ltd, an affiliate of Värde Investment Partners, LP.

DHFL | The Mumbai bench of the National Company Law Tribunal will pronounce its final verdict in the DHFL insolvency case today. Among the 16 related matters listed for a final order in the DHFL case, the court will also be ruling on Piramal Group’s takeover plan for the company.

Bank of Maharashtra | The bank said the pandemic-driven slowdown in the economic activities may lead to a rise in customer defaults, and its impact on the bank will depend on the COVID-19 situation going forward. There has been significant volatility in the global and Indian economy as the outbreak of the pandemic continues to spread, the Bank of Maharashtra said in its annual report 2020-21.

Shalby Ltd | The company has inaugurated a new hospital with an infrastructure facility with 150 beds capacity at Zynova-Shalby, Ghatkopar, West Mumbai.

Delta Corp | The casinos operated by the company and its subsidiaries in Goa and Sikkim will remain closed till June 14, 2021, due to the extension of COVID-19 restrictions in these states.

RBL Bank | The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of the bank, for a further period of one year, with effect from June 30, 2021.

Jammu & Kashmir Bank | The bank has appointed Dr Altaf Hussain Kira (Assistant Vice President) as Chief Risk Officer of the Bank w.e.f. June 4, 2021, for a period of three years.

IFGL Refractories | The company reported a consolidated loss of Rs 2.53 crore in Q4FY21 against a loss of Rs 13.93 crore, YoY. Revenue rose to Rs 283.52 crore from Rs 222.09 crore, YoY.

Earnings Today | Union Bank of India, Central Bank of India, Mrs Bectors Food Specialities, Dynamatic Technologies, Jubilant Ingrevia, MRF, New India Assurance Company, SEAMEC, SMC Global Securities, among others.

Author

CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *