Lupin won approval for the sale of two drugs in the U.S. Apar Industries launched a stock offering for institutional investors. Anup Engineering received an approval for its amalgamation plan with Anup Heavy Engineering.
Investment holding companies advanced ahead of the SEBI meeting to discuss a simplified framework to delist companies. State Bank of India plans to list interest rates for personal and unsecured loans. Interglobe Aviation said it will challenge the latest tax assessment.
TCS said it will take a one-time charge for punitive damages awarded in the EPIC Systems trade secret case. Titan said it won approval to increase its stake in CaratLane. Texmaco Rail launched an institutional offering.
ABB India and Titagarh Rail Systems formed a partnership to deliver propulsion systems for metro rolling stock projects in India. Concor and Indraprastha Gas struck a partnership to build LNG storage at delivery terminals.
SoftBank lowered its stake in the logistics company Delhivery. SBI Cards said that its cost of funding is not expected to increase after the latest capital adequacy revision by the RBI. Cipla pledged a financial guarantee for its operation in South Africa for banking services.
SBI cards and non-bank financial companies fell sharply after the RBI raised risk weight guidelines for consumer loans. JSW Infra struck a deal to build a port in Karnataka. Softbank to lower its stake in the logistics company Delhivery.
Veranda Learning Solutions reported rising sales and narrowing quarterly losses in the fiscal second quarter. Tata Technologies set its initial public offering price range. Ramkrishna Forgings completed its institutional offering.
Grasim reported rising sales and earnings in the September quarter. NMDC said the quarterly sales increase was largely driven by higher iron ore prices from a year ago. Manappuram Finance said assets under management rose 27% from a year ago.
Coal India said quarterly production, revenue, and earnings advanced. Life Insurance Corporation said quarterly net income plunged 50%. Tata Chemicals said quarterly revenue and earnings fell.
ICICI Bank received RBI approval to convert ICICI Securities as its wholly-owned subsidiary and delist shares. SJVN reported weaker-than-expected quarterly results. Ashok Leyland reported that quarterly profit surged from a year ago but declined from the previous quarter.
Lupin said quarterly profit jumped nearly four-fold. Raymond reported flat quarterly earnings. Bata India said quarterly revenue increased but profit declined. Tata Power said revenue and profit advanced.
Hindustan Petrochemicals swung to a profit, but revenue eased in the latest quarter. Emami Ltd. reported muted quarterly results. Nyakka-parent FSN E-commerce reported a jump in quarterly earnings.
Vedanta swung to a quarterly loss on weak commodity prices compared to a year ago. Interglobe Aviation swung to a profit after demand for passenger travel picked up. Zomato reported its second consecutive quarterly profit in a row.