Adani Power won NCLT's approval to acquire Lanco Amarkantak Power Ltd. Key shareholders in the Ambjua Cement and FSN E Commerce ventures trimmed their stakes. Power Mech announced a bonus issue.
IREDA plans to raise as much as ?4,500 crore through a secondary equity or bond offering. Procter & Gamble Health reported a decline in sales and earnings in the June quarter. Zen Technologies plans to raise as much as ?1,000 crore in a secondary offering.
Weizmann's board approved a stock repurchase program. Cyient plans to trim its holding in Cyient DLM to 52% from 66%. General Atlantic plans to trim its stake in PNB Housing Finance.
Poly Medicure launched an institutional offering to raise as much as ?1,000 crore. Tata Consumer Products completed its ?3,000 crore institutional offering. China-based Antfin is set to sell 1.57% stake in Zomato in a block trade deal.
Hindustan Aeronautics reported an increase in sales and earnings in the June quarter. Reliance Power said quarterly losses narrowed in the latest period. Spicejet's revenue and earnings declined in the June quarter.
NMDC reported flat revenue despite the sustained demand for iron ore. IRFC said net income in the June quarter edged slightly higher. Balrampur Chini reported a decline in profit because of a shortage of sugarcane crops.
Trent extended 4-day gains to 25% after the company reported a surge in revenue and earnings in the June quarter. Grasim Industries reported a decline in net income in the June quarter. Aurobindo Pharma said net income and sales advances were driven by sales strength in key markets.
ABB India reported solid quarterly results. Eicher Motors reported a double-digit increase in sales and earnings in the June quarter. SAIL reported a decline in revenue and earnings in the latest quarter.
Gujarat Pipavav said container transhipment and dry bulk volume declined in the fiscal first quarter. Apollo Tyres, Balaji Amines, and Lemon Tree Hotels reported a decline in earnings in the June quarter.
PB Fintech soared to a record high after the online insurance marketplace operator reported profit in the third quarter in a row. Gulf Oil Lubricants reported a rise in sales and earnings in the June quarter. Quarterly results diverged for Lupin and Gland Pharma.
BLS International reported solid quarterly results. Tata Chemicals reported a sharp decline in earnings following a fall in revenue in the June quarter. V-Mart said quarterly net income swung to a profit.
Zomato reported a surge in quarterly revenue and earnings driven by gains in its quick commerce unit. ITC said quarterly earnings edged slightly lower in weakness among several of its business units. Tata Motors plans to spin off its Jaguar Land Rover unit as a separate listed company.
HPCL said gross refining margins plunged 90% amid higher feed stocks. ACC reported a decline in quarterly earnings. Colgate-Palmolive reported higher sales and earnings in the June quarter.
IndusInd Bank reported an increase in net interest income, net income, and gross non-performing asset ratio. ICICI Bank said net income and net interest income advanced in the latest quarter. Interglobe Aviation said quarterly income declined doe to higher fuel and operating costs.
