Britannia Q3 PAT might increase 12.1% YoY to Rs. 414.2 cr: Yes Securities
Thu, Jan 21, 2021 6:00 PM

Britannia Q3 PAT might increase 12.1% YoY to Rs. 414.2 cr: Yes Securities

Yes Securities worked out its Q3 (October-December’ 20) earnings estimates for the Consumer Staples sector. The brokerage house expects Britannia Industries Ltd to report net profit at Rs. 414.2 crore up 12.1% year-on-year (down 16.4% quarter-on-quarter). Net Sales are expected to increase by 9 percent Y-o-Y (down 4.9 percent Q-o-Q) to Rs. 3,251.1 crore, according to Yes Securities.

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Ashoka Buildcon bids Rs502.33cr for NTPC Renewable Energy project
Thu, Jan 21, 2021 5:50 PM

Ashoka Buildcon bids Rs502.33cr for NTPC Renewable Energy project

Ashoka Buildcon on Thursday confirmed the submission of Bids to NTPC Renewable Energy Limited (NTPC) in respect of an EPC Project. Ashoka Buidcon received a Notification of Award ("NoA")  for the project namely - EPC Package OF 150 MW SOLAR PV Project in Rajasthan. The NoA included Operation and Maintenance of complete Solar PV Plant for 3 years from the date of successful completion.

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Bharat Road Network signs deal for the sale of a 67 km road project
Thu, Jan 21, 2021 5:40 PM

Bharat Road Network signs deal for the sale of a 67 km road project

Bharat Road Network Limited (BRNL) signed a deal with India Highway Concession Trust, an infrastructure investment trust for the sale of a BOT road project in the state of Odisha. BRNL is currently the largest shareholder, with a 40% stake in this project. The work involves development, operation and maintenance of a 67-kilometre toll road project from Bhubaneswar to Chandikhole.

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CreditAccess Grameen wins ‘Micro Finance Organisation of the Year’ award
Thu, Jan 21, 2021 5:30 PM

CreditAccess Grameen wins ‘Micro Finance Organisation of the Year’ award

CreditAccess Grameen Ltd achieved ‘Micro Finance Organization of the Year’ award at the 12th Inclusive Finance India Awards Presentation Ceremony held on Jan 21. The Inclusive Finance India Awards is an initiative of ACCESS institutionalised in partnership with HSBC India. It continuously realigns itself to bring different models contributing to financial inclusion goals under one umbrella.

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Wardwizard to unveil its electric bike plant on January 28
Thu, Jan 21, 2021 5:20 PM

Wardwizard to unveil its electric bike plant on January 28

Wardwizard Innovations & Mobility Ltd will launch its world-class electric bikes Manufacturing and Assembly Line for Battery Operated Vehicles on January 28, 2021 by the hands of Minister of Home Affairs Amit Shah. Joy EBike of Wardwizard commenced its journey in the electric vehicle industry by manufacturing & assembling Nanu E-Scooter Honeybee.

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Kajaria Ceramics registers robust increase in Q3 PAT to Rs121.03 crore
Thu, Jan 21, 2021 5:10 PM

Kajaria Ceramics registers robust increase in Q3 PAT to Rs121.03 crore

Kajaria Ceramics announced a 13.09% growth yoy in Dec-20 quarter consolidated revenues at Rs838.32cr. There was a sharp expansion in its predominant tiles segment in terms of price traction so the higher sales revenues could be recorded despite a 1% fall in volumes. Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 97.57% at Rs121.03cr on better operational performance.

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Aavas Financiers Q3 PAT increases 25.8% yoy at Rs85.46cr on interest growth
Thu, Jan 21, 2021 5:00 PM

Aavas Financiers Q3 PAT increases 25.8% yoy at Rs85.46cr on interest growth

Aavas Financiers announced a 29.53% growth yoy in Dec-20 quarter consolidated revenues at Rs310.08cr. The company reported sharp growth in its interest as its fee and commission income. For the Dec-20 quarter, the consolidated operating profits were up 37.14% at Rs110.30cr. Consolidated Profit after tax (PAT) for the Dec-20 quarter was up a more tempered 25.82% at Rs85.46cr.

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L&T Technology Services to roll out salary hikes
Thu, Jan 21, 2021 4:50 PM

L&T Technology Services to roll out salary hikes

L&T Technology Services will roll out salary increments for its employees effective April 1, 2021. This comes at the back of the growth momentum the company is seeing in the market and strong deal wins. While junior employees will get their increments effective April 1 2021, senior employees’ salary increases will be rolled out in July 2021.

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Saregama reports 201% growth in Q3FY21 PAT to Rs32cr
Thu, Jan 21, 2021 4:40 PM

Saregama reports 201% growth in Q3FY21 PAT to Rs32cr

Saregama announced its financial results for the 3rd Quarter of the Financial year 2020-21. Saregama ended at Rs 945 apiece up by 5.38% on BSE.  Company profit after tax (PAT) stood at Rs316 Mn registered a 201% growth compared to the same quarter last year. Even on the QoQ basis, the Q3FY21’s consolidated turnover at Rs1,339 Mn and PBT at Rs414 Mn grew by 24% and 8% respectively.

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Indian Railway Finance Corporation to finalise IPO allotment next week
Thu, Jan 21, 2021 4:30 PM

Indian Railway Finance Corporation to finalise IPO allotment next week

IRFC is looking forward to finalise the basis of IPO allotment on January 25, as per the tentative schedule available in the prospectus. The unblocking of funds from ASBA account will take place on January 27 and the shares will get credited to Demat accounts of eligible investors on January 28, followed by listing of shares on January 29.

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Tata Motors joins leading banks to offer financial assistance to CV clients
Thu, Jan 21, 2021 4:20 PM

Tata Motors joins leading banks to offer financial assistance to CV clients

Tata Motors partners with the country’s leading private banks, including HDFC Bank, ICICI Bank, and Yes Bank, among others to offer its commercial vehicle customers a wide array of beneficial financial offerings. These strategic tie-ups aim to enhance value offerings for customers of both, new as well as pre-owned vehicles, throughout the customer lifecycle.

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Jindal Steel and Power Q3 PAT turns around to Rs 2432 crore
Thu, Jan 21, 2021 4:10 PM

Jindal Steel and Power Q3 PAT turns around to Rs 2432 crore

Jindal Steel and Power registered a robust 39.96% growth in YoY in Dec-20 quarter consolidated revenues at Rs10,533.51cr. The company reported good traction in both its principal business segments- iron & steel and power. Consolidated PAT for the Q3 was a turnaround. In the Dec-19 quarter, the company had reported net loss of Rs257cr but turned around to report Rs2432cr profit in this quarter.

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India is optimistic about oil majors joining race for Bharat Petroleum sale
Thu, Jan 21, 2021 4:00 PM

India is optimistic about oil majors joining race for Bharat Petroleum sale

India is optimistic that global oil majors will team up with investment to win the race for the nation’s biggest asset sale of the state-owned refiner Bharat Petroleum Corp. “When the price bidding comes up, I am hopeful some of the major players will come through this fund route," Oil Minister Dharmendra Pradhan said in an interview with Bloomberg Television on Thursday.

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100 millionth bike from Haridwar plant launched by Hero MotoCorp
Thu, Jan 21, 2021 3:40 PM

100 millionth bike from Haridwar plant launched by Hero MotoCorp

Hero MotoCorp on Thursday reported that it has crossed the 100-million (10 crore) mark in cumulative manufactured units with the launch of Xtreme160R. The launch took place from the company's Haridwar facility, it added. Hero Motocorp is the largest two-wheeler manufacturer in the world, with five manufacturing facilities based at Dharuhera, Gurugram, Neemrana, Haridwar, and Halol.

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Kohlapur and Pune plants of Kirloskar Oil become fully operational
Thu, Jan 21, 2021 3:25 PM

Kohlapur and Pune plants of Kirloskar Oil become fully operational

The Kagal (Kolhapur), Nasik, and Bhare (Pune) plants of Kirloskar Oil Engines and the plant of the subsidiary, La-Gajjar Machineries have become fully operational with effect from January 18, 2021. The management announced that the requisite safety measures have been put in place for the individuals operating at these places of business as per the guidelines issued by the government.

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