TCS, Shyam Metalics, Gammon Infra: Tata Consultancy Services,
, and Shyam Metalics and Energy will release their june quarter earnings Today.
Info Edge: The IPO of Zomato will open for subscription on July 14.
, the largest shareholder in the food aggregator, has reduced its offer for sale size by half to Rs 375 crore in Zomato’s initial public offering.
HDFC, Hindustan Oil Exploration: Housing finance major HDFC said it has divested 2.46 per cent of its stake in (HOECL) for Rs 37 crore. HDFC held 1,48,26,303 equity shares of HOECL.
Mahindra & Mahindra: The homegrown automajor announced a restructuring of its farm equipment business in Turkey under which its arm, Erkunt Traktor Sanayi A.S. (Erkunt) will acquire the agriculture machinery business from another subsidiary, Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi (Hisarlar).
PNB Housing Finance: The housing finance firm said its promoter
has asked it to consider restructuring the proposed Rs 4,000 crore capital infusion deal led by US-based Carlyle group. The housing financier also said it will await the Securities Appellate Tribunal’s order on the issue before taking a final decision.
& Industries: The tyre manufacturer said it has widened its original equipment manufacturer (OEM) supply to Hyundai Motor India Ltd (HMIL) with the addition of the automobile maker’s latest SUV Alcazar.
Company: Leading watch and jewellery maker Titan reported an over two-fold increase in sales in the April-June quarter of this fiscal, helped by the low base of last year due to the nationwide lockdown at the onset of the COVID-19 pandemic.
CEAT Tyres: The domestic tyre market said it has partnered with TyresnMore, a digital platform for purchasing tyres and batteries, to sell its range of tyres online and provide contact-less fitment services at the doorstep for its customers in the wake of the coronavirus pandemic.
REC: The state-owned NBFC said it has raised USD 400 million (around Rs 2,986 crore) by issuing bonds to finance the power sector. The bonds have been issued under the company’s USD 7 billion Global Medium Term Note Programme.
Nucleus Software: The lending and transaction banking solutions provider said it is planning to hire 500 engineers by the end of the year. Nucleus has set a target to hire 500 fresh young engineers from non-metro cities and towns across India till December 2021.
Banking Stocks: The RBI said it has imposed penalties on SBI,
, IndusInd Bank, Bandhan Bank and 10 other lenders for contravention of various regulatory norms, including on lending to NBFCs.
BLS International: The travel support services company said it has been empaneled with Indian Council for Cultural Relations (ICCR) to provide protocol services to VVIP foreign delegations coming to India and Indian delegations going overseas.
Matrimony.com: The internet software and services firm said it will acquire Boatman Tech, which operates online wedding services company ShaadiSaga.com, for about Rs 11 crore.
Bajaj Healthcare: The company received license from Defence Research and Development Organisation (DRDO) to manufacture and market ‘2-Deoxy-D-Glucose’ (2-DG), used in control and treatment of COVID-19.
Railtel Corporation of India: The company has received a work order amounting to Rs 23.43 crore from Sagar Cable Network towards providing multicast drop and carry with 1.5G capacity at 66 locations for a period of 5 years.