Tata Global | Coromandel International | Sterlite Technologies | Sasken Technologies | Tiger Logistics and Bharat Bijlee are stocks which are in the news today.
Results on April 24: Bharti Infratel, UltraTech Cement, Indiabulls Housing Finance, ICICI Prudential Life Insurance Company, India Grid Trust, M&M Financial Services, Automotive Stampings & Assemblies, Agro Tech Foods, Benares Hotels, Hexaware Technologies, Meera Industries, Muthoot Capital Services, Shriram City Union Finance, Syngene International, Tata Elxsi
IPO: Neogen Chemicals IPO opens
ACC Q1: Profit jumps 38.3 percent to Rs 346 crore versus Rs 250.1 crore, revenue rises 8.1 percent to Rs 3,919.1 crore versus Rs 3,624.6 crore YoY.
Tata Global Beverage Q4: Profit falls 61.5 percent to Rs 22.9 crore versus Rs 59.4 crore, revenue rises 5.2 percent to Rs 1,775.5 crore versus Rs 1,688.4 crore YoY.
The board recommended a final dividend of Rs 2.50 per equity share for the financial year 2018-19
Tata Global Beverages has entered into a non-binding term sheet to acquire the branded tea business of Dhunseri Tea & Industries, for an aggregate consideration of up to Rs 101 crore
Coromandel International Q4: Profit rises 23.2 percent to Rs 110.4 crore versus Rs 89.6 crore; revenue increases 9.4 percent to Rs 2,638.3 crore versus Rs 2,411.8 crore YoY.
Sterlite Technologies Q4: Profit jumps 10.6 percent to Rs 163.2 crore versus Rs 147.6 crore; revenue surges 34.2 percent to Rs 1,791.2 crore versus Rs 1,334.8 crore QoQ.
Sasken Technologies Q4: Profit rises to Rs 27.45 crore versus Rs 18.07 crore; revenue increases to Rs 135.54 crore versus Rs 121.41 crore QoQ.
Board has unanimously approved the proposal to buy-back up to 19,98,678 equity shares of the company at a price not exceeding Rs 850 per share payable in cash for a total consideration up to Rs 169.88 crore. Company recommended a dividend of Rs 12.50 per share of Rs 10 each for the year 2018-19.
USFDA classifies the inspection of Lupin's Pithampur (Indore) Unit-2 facility as Official Action Indicated (OAI)
Tata Power's subsidiary Tata Power Renewable Energy (TPREL) has signed a binding agreement to sell its 32 MW operating wind assets in Maharashtra
Piramal Enterprises: ICRA reaffirmed the credit rating of A1+ assigned to commercial papers / short term borrowings of the company. Further, it has reaffirmed the credit ratings of AA to Long Term borrowings of the company and revised the outlook from stable to negative.
IndusInd Bank: NCLT approves IndusInd Bank & Bharat Financial Inclusion merger.
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