CIL, Solar Pharma and OIL: Solar Pharmaceutical Industries, Oil India (OIL), Coal India (CIL), Bajaj Hindusthan, Omaxe, HEG, Indian Inns, Bata India, India Cements, Religare Enterprises, Jain Irrigation, Lovable Lingerie, Manpasand Drinks, Lux Industries, Prabhat Dairy, are amongst 313 firms set to announce their December quarter outcomes on Tuesday.
Eveready: US-based Energizer Holdings is eyeing a controlling stake in BM Khaitan’s flagship Eveready Industries because the sale course of gathers momentum. Energizer, which already owns the Eveready model within the US and China, is more likely to face competitors from rival Duracell, owned by Warren Buffett’s Berkshire Hathawa.
Axis Financial institution: The Centre is searching for to boost round Rs 5,316 crore by promoting its Three per cent stake, owned by the Specified Enterprise of the Unit Belief of India (SUUTI), in non-public sector lender Axis Financial institution. The stake sale is geared toward serving to North Block meet its budgeted disinvestment goal.
PNB: Basic Atlantic Companions (GA) and Varde Companions have emerged the frontrunners to select up a 22 per cent stake in PNB Housing Finance from Punjab Nationwide Financial institution for round Rs 3,500 crore in some of the carefully fought auctions for a mortgage agency, stated three folks conscious of the event.
SBI: Financial institution of America Merrill Lynch emerged as the only bidder in State Financial institution of India’s public sale of its loans to bankrupt Essar Metal, but it surely bid for under part of the Rs 13,000-crore loans the lender placed on the block, two folks acquainted with the matter advised ET.
Voda Concept: Vodafone Concept could have sufficient capital after the completion of the forthcoming Rs 25,000-crore rights situation and won’t want to boost fairness for the subsequent three or 4 years, chairman Kumar Mangalam Birla has stated.
F&O shares: The Sebi has proposed value bands for all futures & choices (F&O) shares, searching for to curb extreme value volatility in fairness scrips which have by-product devices out there for buying and selling. The capital-markets regulator stated an examination of the worth actions of F&O shares previously six months confirmed that 40 scrips witnessed intra-day motion of greater than 20 per cent.
RCom: Bankrupt Reliance Communications Monday stated it’ll develop a 132-acre land parcel on the outskirts of the town as a fintech centre. The 132-acre land parcel known as Dhirubhai Ambani Data Metropolis (DAKC) within the satellite tv for pc metropolis of Navi Mumbai used to function a company nerve centre for the corporate, which filed for insolvency earlier this month.
Jaypee Infratech: Debt ridden Jaypee Infratech stated its internet loss narrowed to Rs 326.64 crore within the third quarter ended December 31. The corporate, which is present process Company Insolvency Decision Course of, had reported a internet lack of Rs 361.28 crore within the October-December quarter of the earlier fiscal.
India Cements: The corporate reported a 79.46 per cent lower in its standalone internet revenue at Rs 3.13 crore for the third quarter ended on December 2018.
Mahindra Logistics: The corporate stated it has partnered with Gulf Oil Lubricants India (Gulf Oil), a number one lubricant manufacturing and advertising firm to offer the latter its technology-driven logistics options.
GE T&D: The corporate reported 26 per cent decline in internet revenue to Rs 53.05 crore for December quarter 2018, on account of decrease revenues. The corporate’s internet revenue within the year-ago interval stood at Rs 71.77 crore, a press release stated.
Setco Automotive: Auto element maker Setco Automotive reported an almost 36 % decline in internet revenue at Rs 7.22 crore for the third quarter ended December 31, 2018, owing to the change in tax construction.
American depository receipts (ADRs) of Dr Reddy’s Labs declined 5.54 per cent in in a single day commerce. ADRs of Vedanta and ICICI fell 1.51 per cent and 1.12 per cent, respectively. Tata Motors ADR gained 0.95 per cent.