Updated : 2020-09-08 07:16:39
The Indian market is likely to open higher Tuesday amid positive momentum in Asian peers. At 7:15 am, the SGX Nifty was trading 37.00 points or 0.33 percent higher at 11,418.00, indicating a positive start for the Sensex and Nifty50.
CNBC-TV18 SBI| The bank plans to recruit more than 14,000 people this year. Dr Reddy’s Laboratories| The company has launched Fulvestrant injection in the US market. (Image: Reuters) Future Enterprises| The company reported a consolidated net loss of Rs 394.77 crore in Q4FY20 as against a net profit of Rs 66.58 crore, YoY. Revenue fell 50.01 percent to Rs 783.28 crore from Rs 1,566.96 crore, YoY. EIH| The company’s board has approved raising up to Rs 350 crore via the right issue. Indian Overseas Bank| The bank has reduced MCLR rates by 10 bps across various tenors with effect from September 10. Bharat Dynamics| The government has proposed to sell upto 1.83 crore shares (10% stake) and an additional 91.6 lakh shares (5% stake) at a floor price of Rs 330 per share. Amber Enterprises India| The company’s board has approved QIP issue at a floor price of Rs 1,798.72 per share. Info Edge (India)| The company’s Q1FY21 standalone net profit rose 24.7 percent to Rs 83.2 crore while revenue fell 10.5 percent to Rs 280.1 crore, YoY. Billing was down 44 percent to Rs 188.6 crore. ITI| The company has signed an MoU with Ilantus Technologies to deliver solutions to government agencies, defence, PSUs and banking sector. The company has also received a letter of intent from Bharti Airtel for fibre to home rollout in 8 circles in the country. Parag Milk Foods| The company’s Q1FY21 net profit fell to Rs 3.23 crore from Rs 27.5 crore while revenue declined to Rs 435.6 crore from Rs 629.74 crore, YoY. Dhanuka Agritech| The company has launched two fungicides for grapes farmers. Rushil Décor| The company has fixed September 11 as the record date to receive Rights Entitlement in the rights issue. McNally Bharat Engineering Company| The company’s loss in Q1FY21 was at Rs 30.67 crore as against a loss of Rs 32.58 crore while revenue was at Rs 104.95 crore versus Rs 222 crore, YoY. Earnings| Future Consumer, Jindal Stainless, CESC, Dishman Carbogen Amcis, SML Isuzu, Spencer’s Retail, Mafatlal Industries, Bal Pharma, Sharon Bio-Medicine, Simplex Projects, Texmaco Rail & Engineering among others.