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.
Open FlipDCW 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.
Open FlipVIP 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.
Open FlipLast 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!
Open FlipRaymond 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.
Open FlipKotak 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.
Open FlipJ&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.
Open FlipBenQ 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.
Open FlipNilkamal 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.
Open FlipIndia 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.
Open FlipTwitter 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.
Open FlipSpiceJet 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%.
Open FlipPolyplex 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.
Open FlipAudi 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.
Open FlipPrime 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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