Emami Ltd reported 11.33% rise in the Sep-20 quarter top line sales revenues at Rs734.82cr. Like most of the consumer goods companies, Emami also saw a sharp fall in the Jun-20 quarter but has more than recovered to higher levels in Sep-20. For the Sep-20 quarter, the operating profits were up 28.04% at Rs142.26cr.

Jindal Steel & Power (JSPL) won Chattisgarh-based Gare-Palma-IV/1 mine on the third day of the commercial coal block auction. JSPL won after its subsidiary Jindal Power emerged as the highest bidder. The mine belonged to the company before 2014 when a Supreme Court (SC) judgment cancelled all the coal block allocations made over two decades.

Maruti Suzuki India Limited today proactively announced to voluntarily undertake a recall for Eeco vehicles manufactured between November 4th 2019 and February 25th 2020, and few Eeco vehicles in which headlamp has been replaced in the field. The Company will inspect 40,453 units of Eeco for a possible issue of standard symbol missing on the headlamp, Maruti said in the exchange note.

Tata Power on Thursday said Crisil has upgraded its rating on the company's non-convertible debentures and long-term bank facilities. "Crisil has upgraded its rating of The Tata Power Company Ltd to 'Crisil AA' from 'Crisil AA-' on the non-convertible debentures and long-term bank facilities," Tata Power said in a regulatory filing.

TCS has partnered with AGL to deliver the latter’s organisation-wide cloud transformation programme, which is aimed at enabling its growth strategy and achieving its vision of becoming a digital utility of the future. Launched in early 2020, the transformation programme envisages modernising the application estate and moving workloads to the cloud, to create a new future proof digital core.

Yes Bank has clarified on Thursday over a news article which claimed that the private lender is in discussions with asset reconstruction companies (ARCs) to sell its NPA worth Rs32,344cr. Yes Bank informed exchanges, saying, "the Bank at this point is not part of such specific discussions." Stock exchanges had sought clarification from Yes Bank over a news item appearing on Moneycontrol.

Apollo Tyres on November 2 posted an over two-fold increase in consolidated net profit at Rs 200 crore for the September quarter on the back of robust sales. The company had reported a net profit of Rs 83 crore in the July-September period of 2019-20. Net sales rose by 8 percent to Rs 4,234 crore in the second quarter of this fiscal, compared to Rs 3,926 crore in the year ago period.

Pidilite Industries on November 4 reported a 9.66 percent increase in consolidated net profit at Rs 356.44 crore for the September quarter. The company, a leading manufacturer of adhesives, sealants and construction chemicals, had posted a profit of Rs 325.04 crore in the July-September period a year ago. Revenue from operations rose 4.08 percent at Rs 1,880.33 crore during the quarter.

The National Anti-Profiteering Authority (NAA) has ordered Starbucks Coffee Company to deposit to central and state consumer welfare funds ₹1.04 crore it is found to have profiteered by allegedly not passing on the benefit of GST rate cut to consumers. The company has to deposit the amount within three months with 18% interest from the day the profiteered amounts were collected from consumers.

In its most simplest stock market terms, a haircut is an extremely thin spread between the bid and ask prices of a given stock. It can also refer to a situation in which a stock price gets reduced by a specific percentage for margin trades or other purposes. In the financial world, a haircut refers to a negative spread between either the buying and selling prices of a security.

Diageo-controlled liquor maker United Spirits Ltd (USL) on Wednesday reported a 20.62% decline in its consolidated net profit at ₹125.1 crore for the second quarter ended September 2020. The company had posted a net profit of ₹157.6 crore in the July-September quarter a year ago, USL said in a regulatory filing. Revenue from operations was up 3.97% at ₹7,590.4 crore during the quarter.

Jindal Stainless (Hisar) Ltd (JSHL) on Wednesday posted a 60 percent increase in consolidated net profit at Rs 168.64 crore for the quarter ended September 2020. The company had clocked a net profit of Rs 105.10 crore during the corresponding period of the previous fiscal, it said in a BSE filing. Total income rose to Rs 2,328.92 crore in the quarter under review from Rs 2,303.45 crore earlier.

Tata group hospitality arm Indian Hotels Company Ltd (IHCL) on November 4 reported a consolidated net loss of Rs 252.09 crore for the quarter ended September 30. The company had posted a net profit of Rs 69.30 crore in the corresponding period of the previous fiscal, IHCL said in a BSE filing. Its consolidated total income stood at Rs 323.54 crore for the quarter under consideration.

IT firm Happiest Minds Technologies Ltd on Wednesday reported a 27.8 per cent rise in consolidated net profit at Rs 34.08 crore for September 2020 quarter. The company, which got listed on BSE and NSE on September 17 this year, had posted a net profit of Rs 26.67 crore in September 2019 quarter. Its revenue from contracts with customers was at Rs 182.84 crore in the quarter under review, up 4.4...

The Securities and Exchange Board of India has allowed unlisted infrastructure investment trusts (InvITs) to raise funds through rights issue of their units. The regulator has come out with detailed guidelines on conditions for issuance of units, pricing, timelines and allotments. Sebi said InvITs can make a rights issue of units provided it fulfil the conditions.