AYUSH Ministry's  unit IMPCL scales highest-ever turnover of Rs 164 crore
Wed, Apr 14, 2021 6:20 PM

AYUSH Ministry's unit IMPCL scales highest-ever turnover of Rs 164 crore

Indian Medicines Pharmaceutical Corporation Limited (IMPCL), the public sector manufacturing unit of the Ministry of AYUSH, has recorded its highest-ever turnover of Rs 164 crore in 2020-21. The company also registered an all-time high profit of approximately Rs 12 crore. Its previous highest turnover was Rs 97 crore in 2019-20. This growth reflects the fast-growing adoption of AYUSH products.

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Ashoka Buildcon Q4 PAT may decline 35.4% YoY to Rs 106 cr: Sharekhan
Wed, Apr 14, 2021 6:16 PM

Ashoka Buildcon Q4 PAT may decline 35.4% YoY to Rs 106 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Infrastructure sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs 106 crore down 35.4% year-on-year (up 23.9% quarter-on-quarter). Net Sales are expected to increase by 7.5% Y-o-Y (up 37.6% Q-o-Q) to Rs 1,349 crore, according to Sharekhan.

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Air India looking for new CEOs to head its subsidiaries
Wed, Apr 14, 2021 5:56 PM

Air India looking for new CEOs to head its subsidiaries

Air India is looking out for candidates to fill the chief executive's post at its subsidiaries Air India Air Transport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), and Alliance Air Aviation Ltd (AAAL), the airline announced on Wednesday. The last day for receipt of the application is 3 May, according to a notification from the airline's general manager (personnel).

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KNR Constructions Q4 PAT may decline 6.9% YoY to Rs 63 cr: Sharekhan
Wed, Apr 14, 2021 5:46 PM

KNR Constructions Q4 PAT may decline 6.9% YoY to Rs 63 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Infrastructure sector. The brokerage house expects KNR Constructions to report net profit at Rs 63 crore down 6.9% year-on-year (up 0.7% quarter-on-quarter). Net Sales are expected to increase by 5.5% Y-o-Y (up 7.5% Q-o-Q) to Rs 713 crore, according to Sharekhan.

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Sadbhav Engineering Q4 PAT seen at Rs 17 cr: Sharekhan
Wed, Apr 14, 2021 5:43 PM

Sadbhav Engineering Q4 PAT seen at Rs 17 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Infrastructure sector. The brokerage house expects Sadbhav Engineering to report net profit at Rs 17 crore (up 10.5 per cent quarter-on-quarter). Net Sales are expected to increase by 58.2 per cent Y-o-Y (up 16.3 per cent Q-o-Q) to Rs 647 crore, according to Sharekhan.

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Grasim Q4 PAT may increase 262.9% YoY to Rs 407 cr: Sharekhan
Wed, Apr 14, 2021 5:40 PM

Grasim Q4 PAT may increase 262.9% YoY to Rs 407 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Cement Sector. The brokerage house expects Grasim to report net profit at Rs 407 crore up 262.9% year-on-year (up 13.4% quarter-on-quarter). Net Sales are expected to increase by 5.6% Y-o-Y (up 24% Q-o-Q) to Rs 4,554 crore, according to Sharekhan.

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IPO-bound Zomato becomes a Public Limited Company
Wed, Apr 14, 2021 5:29 PM

IPO-bound Zomato becomes a Public Limited Company

Zomato has converted itself from a private company to a public limited company after passing a special resolution on April 5, 2021, and renamed itself to Zomato Limited effective from April 9 onwards. The foodtech giant has finalised Kotak Mahindra Bank, Morgan Stanley, Citi Bank, Credit Suisse and Bank of America as the bankers of the proposed IPO and it will file the DRHP next week.

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Infosys Q4 profit dips by 2.3% to Rs 5,076 crore
Wed, Apr 14, 2021 5:11 PM

Infosys Q4 profit dips by 2.3% to Rs 5,076 crore

Infosys registered a 2.3% sequential decline in consolidated profit at Rs 5,076 crore for the quarter ended March 2021, impacted by weak margin performance but supported by revenue growth. Consolidated revenue from operations grew by 1.5% sequentially to Rs 26,311 crore. The dollar revenue growth increased to $3,613 million in March quarter 2021, compared to $3,516 million in the previous quarter.

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Infosys nods to share buyback of up to Rs 9,200 crore at Rs 1,750 per share
Wed, Apr 14, 2021 5:02 PM

Infosys nods to share buyback of up to Rs 9,200 crore at Rs 1,750 per share

Infosys on April 14 approved share buyback at Rs 1,750 per share. It announced a share buyback of up to Rs 9,200 crore. The information technology giant said that it crossed a milestone of Rs 1,00,000cr in revenue in FY 2021. The firm reported a consolidated profit at Rs 5,076 crore for the quarter ended March 2021, while its consolidated revenue grew to Rs 26,311 crore.

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Adani Enterprises arm incorporates wholly owned subsidiary
Wed, Apr 14, 2021 4:31 PM

Adani Enterprises arm incorporates wholly owned subsidiary

Adani Road Transport (which is itself a wholly-owned subsidiary of Adani Enterprises) confirmed the incorporation of Badakumari Karki Road Pvt. Ltd (BKRPL) as its wholly-owned subsidiary. BKRPL was incorporated in India and registered with the registrar of companies, Gujarat, at Ahmedabad on Monday with an authorized and paid-up capital of Rs1 lakh. It is yet to commence its business operations.

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Ambuja Cements Q4 PAT seen up 20.4% YoY to Rs. 480.7 cr: Motilal Oswal
Wed, Apr 14, 2021 4:25 PM

Ambuja Cements Q4 PAT seen up 20.4% YoY to Rs. 480.7 cr: Motilal Oswal

Motilal Oswal has worked out its Q4 (January-March’ 21) earnings estimates for the Cement Sector. The brokerage house expects Ambuja Cements to report a net profit of Rs. 480.7 crore up 20.4% year-on-year (down 3.3% quarter-on-quarter). Net Sales are expected to increase by 22.7% Y-o-Y (down 1.3% Q-o-Q) to Rs. 3,469.4 crore, according to Motilal Oswal.

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Havells India Q4 PAT may increase 90% YoY to Rs. 336.7 cr: Motilal Oswal
Wed, Apr 14, 2021 4:20 PM

Havells India Q4 PAT may increase 90% YoY to Rs. 336.7 cr: Motilal Oswal

Motilal Oswal has worked out its Q4 (January-March’ 21) earnings estimates for the Consumer Durables sector. The brokerage house expects Havells India to report a net profit of Rs. 336.7 crore up 90% year-on-year (down 3.6% quarter-on-quarter). Net Sales are expected to increase by 55.8% Y-o-Y (up 9.1% Q-o-Q) to Rs. 3,453.3 crore, according to Motilal Oswal.

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ACC Q4 PAT may increase 25.2% YoY to Rs. 438 cr: Motilal Oswal
Wed, Apr 14, 2021 4:14 PM

ACC Q4 PAT may increase 25.2% YoY to Rs. 438 cr: Motilal Oswal

Motilal Oswal has worked out its Q4 (January-March’ 21) earnings estimates for the cement sector. The brokerage house expects ACC to report net profit at Rs. 438 crore up 25.2% year-on-year (up 2% quarter-on-quarter). Net Sales are expected to increase by 19.1% Y-o-Y (up 0.6% Q-o-Q) to Rs. 4,169 crore, according to Motilal Oswal. EBITDA is likely to rise by 23.6% Y-o-Y to Rs. 723.8 crore.

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Blue Star Q4 PAT seen up 541.5% YoY to Rs. 61.9 cr: Motilal Oswal
Wed, Apr 14, 2021 3:57 PM

Blue Star Q4 PAT seen up 541.5% YoY to Rs. 61.9 cr: Motilal Oswal

Motilal Oswal has worked out its Q4 (January-March’ 21) earnings estimates for the Consumer Durables sector. The brokerage house expects Blue Star to report a net profit of Rs. 61.9 crore up 541.5% year-on-year (up 68.6% quarter-on-quarter). Net Sales are expected to increase by 21.8% Y-o-Y (up 40.8% Q-o-Q) to Rs. 1,583 crore, according to Motilal Oswal.

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Amazon moves SC against Delhi HC stay order restraining Future Retail deal
Wed, Apr 14, 2021 3:53 PM

Amazon moves SC against Delhi HC stay order restraining Future Retail deal

Future Retail, on Wednesday (April 14), announced Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge's order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business. Future Retail said it will "defend the matter/proceedings through our legal counsels".

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