Eyeing chemical plant in Punjab Bodal Chemical signs BTA with Mawana Sugar
Wed, Feb 10, 2021 12:33 PM

Eyeing chemical plant in Punjab Bodal Chemical signs BTA with Mawana Sugar

Bodal Chemicals Limited has entered into Business Transfer Agreement (BTA) with Mawana Sugar Limited (MSL). It will help Bodal Chemicals acquire Chemical Plant known as Siel Chemical Complex (SCC) at Rajpura, Punjab.  SCC is engaged in the manufacturing of Chemical product - Caustic soda- Chlorine etc. The acquisition of the Plant is expected to get completed in the next two months.

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DCW PAT spurts 254% YoY to Rs6cr on massive growth in PVC segment
Wed, Feb 10, 2021 12:26 PM

DCW PAT spurts 254% YoY to Rs6cr on massive growth in PVC segment

DCW Limited announced significant operational recovery in the financial results for the quarter and 9M ended on December 31, 2020, on Tuesday. The company’s Q3FY21 revenue grew by 23% YoY. Total revenue from operations for Q3FY21 stood at Rs386cr compared to 313.69cr in Q3FY20. DCW Limited’s Q3FY21 profit after tax stood at Rs6.2cr, compared to Rs(4.03)cr in Q3FY20, a growth of 254% YoY.

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Big bull Jhunjhunwala's VIP bet could not enthuse analysts
Wed, Feb 10, 2021 12:07 PM

Big bull Jhunjhunwala's VIP bet could not enthuse analysts

VIP Industries, where big bull Rakesh Jhunjhunwala owns 5% stake, could not enthuse analysts with Q3-2020 earnings. Brokerages opined aggressive cost-cutting is unsustainable and the revenue recovery post-Covid still remains muted. While the green shoots are visible, analysts believe revenue and margin normalisation for the baggage maker are still 5-6 quarters away.

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Shocking - Indians proposed to Alexa 6,000 times a day in 2020!
Wed, Feb 10, 2021 11:55 AM

Shocking - Indians proposed to Alexa 6,000 times a day in 2020!

Last year, ‘loneliness’ was an unfortunate buzzword owing to the Coronavirus pandemic. According to data shared by Amazon India, Indians expressed their love for the IoT assistant around 19,000 times a day by saying ‘Alexa, I love you’, and even went so far as to pop the question (yes, proposing) around 6,000 times a day. Alexa cracked jokes around 9,000 times a day! Share your thoughts on this!

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Raymond Ltd Q3 PAT declines -89% at Rs 21.7 crore
Wed, Feb 10, 2021 11:38 AM

Raymond Ltd Q3 PAT declines -89% at Rs 21.7 crore

Raymond Ltd announced -34.05% fall in total revenues for the Dec-20 quarter on a consolidated basis at Rs1,243.44cr. The revenues are still lower than the pre-COVID period due to the pandemic impact. However, the revenues are sharply increasing on a sequential basis. The consolidated profit after tax (PAT) for the Dec-20 quarter was down -88.9% at Rs21.69cr.

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Kotak Investment Advisors closes a new real estate fund worth Rs 2,770 cr
Wed, Feb 10, 2021 11:31 AM

Kotak Investment Advisors closes a new real estate fund worth Rs 2,770 cr

Kotak Investment Advisors (KIAL) announced the closure of its new Real Estate Fund worth around $380 million or Rs 2,770 crore. The new fund will target both early-stage and late-stage real estate projects in residential, commercial, retail, warehousing and hospitality sectors. It is anchored by a consortium of leading global financial investors.

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J&K Bank Q3 net profit increases by 33% yoy to Rs 66 crore
Wed, Feb 10, 2021 11:07 AM

J&K Bank Q3 net profit increases by 33% yoy to Rs 66 crore

J&K Bank registered profits for the third consecutive quarter of the current financial year despite pandemic related constraints. The Bank’s profit is up by 32.84% YoY at Rs65.94cr against Rs49.64cr recorded for the third quarter of the last financial year backed by higher Net Interest Income (NII). It's net interest income rose by 15% YoY to Rs1005.13cr from Rs874.65cr recorded in Q3-2019.

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BenQ to launch “game-changer” Laser TV Projector in the Indian market
Wed, Feb 10, 2021 10:48 AM

BenQ to launch “game-changer” Laser TV Projector in the Indian market

BenQ will launch its 4K UHD ultra-short-throw Laser TV home projector (V6000/V6050) in India. The Laser TV projector’s main highlight is that it is intended to replace a TV on your cabinet. It comes with an anti-light reflection screen, which means that it absorbs the light coming from the top and reflects the light coming from the bottom, making it useful across different lighting conditions.

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Nilkamal Ltd Q3 PAT increases by 80% at Rs 54.3 crore
Wed, Feb 10, 2021 10:43 AM

Nilkamal Ltd Q3 PAT increases by 80% at Rs 54.3 crore

Nilkamal Ltd announced 7.42% growth in total revenues for the Q3-2020 on a consolidated basis at Rs626.59cr. Among the verticals, the core plastics business of Nilkamal saw robust YoY growth of over 10%. However, the lifestyle accessories and furnishing business actually saw revenues taper by 11% on a YoY basis. The consolidated PAT for the Dec-20 quarter was up 79.56% at Rs54.30cr.

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Gold trades flat on February 10 at Rs 48,050 for 10 grams
Wed, Feb 10, 2021 10:36 AM

Gold trades flat on February 10 at Rs 48,050 for 10 grams

India Gold MCX April Futures are trading flat thanks to a positive bias on February 10 tracking positive trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.2% at Rs 48,050 for 10 grams at 0920 hours. The yellow metal has support at Rs 47750-47500 and resistance at Rs 48300-48580.

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Twitter to clamp down on accounts related to farmer protests
Wed, Feb 10, 2021 10:25 AM

Twitter to clamp down on accounts related to farmer protests

Twitter has started complying with the Indian government orders to clamp down on specific accounts and tweets related to the farmer protests. The government has claimed that the accounts are posting content that's provoking separatist sentiment or are being run by organisations or individuals in Pakistan and are allegedly spreading misinformation about farmer protests.

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SpiceJet's Q3 results may reveal sequential improvement
Wed, Feb 10, 2021 10:21 AM

SpiceJet's Q3 results may reveal sequential improvement

SpiceJet will announce its December quarter earnings on February 10. the budget carrier is expected that the numbers will show sequential improvement. Brokerage firm Prabhudas Lilladher forecasted the airlines to report a 66.6% QoQ growth in December quarter sales and 76.2% QoQ growth in EBITDAR. The brokerage firm expects SpiceJet to report revenue de-growth of 52% YoY but yields to grow 8%.

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Interim dividend of ₹100 per share declared by Polyplex Corporation
Wed, Feb 10, 2021 10:00 AM

Interim dividend of ₹100 per share declared by Polyplex Corporation

Polyplex Corporation directors announced the payment of third interim dividend (Special) for the FY 2020-21 of Rs.100 per share (of the face value of RS.10/- each). Record date' for the purpose of payment of Third Interim Dividend for the Financial Year 2020-21 has been fixed as February 19, 2021. The company manufactures Biaxially Oriented Polyester Film for packaging and electrical applications.

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Audi launches electric luxury coupe as Tesla upgrades Model S
Wed, Feb 10, 2021 9:39 AM

Audi launches electric luxury coupe as Tesla upgrades Model S

Audi unveils a new electric four-door luxury coupe, which is also one of the most powerful cars Volkswagen AG’s premium brand has ever built. It offers slightly less-blazing acceleration than Tesla Inc.’s latest flagship sedan, the Plaid version of the Model S. The latest electric coupe from Audi will promote its latest design and technology rather than boosting EV volumes.

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PM Modi to inaugurate World Sustainable Development Summit 2021 on Feb 10
Wed, Feb 10, 2021 9:35 AM

PM Modi to inaugurate World Sustainable Development Summit 2021 on Feb 10

Prime Minister Narendra Modi will inaugurate the World Sustainable Development Summit 2021 on February 10 at 6:30 pm via video conferencing. According to an official release, the theme of the Summit is 'Redefining our common future: Safe and secure environment for all'. The flagship event of The Energy and Resources Institute's (TERI) will be held online from February 10 to February 12.

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