Coal India today informed stock exchanges that a board meeting will be held on 11th November to to consider quarterly earnings and also to consider payment of interim dividend for the year 2020-21, if any. Coal India added that the company has fixed 20th November 20 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2020-21.

The Board of Directors of high-yielding companies reward shareholders by sharing a part of the net profit with them. This mode of sharing of profit is known as ‘dividends’, and they are usually paid in cash or as additional stocks of the company. Stock owners receive the dividend if they own stocks before the ex-dividend date. Keep reading...

Dr Lal PathLabs on November 6 posted a 6% YoY jump in Q2 FY21 consolidated net profit at Rs 85.3 crore. The company has reported a net profit of Rs 80.5 crore in Q2 FY20 and Rs 28.4 crore in Q1 FY21. A CNBC-TV18 poll had estimated profit to the tune of Rs 86 crore. Consolidated revenue for the said quarter came at Rs 431.9 crore, up 18% YoY from Rs 365.6 crore in the same period last quarter.

Aster Labs, the diagnostics arm of Aster DM Healthcare, a leading healthcare service provider in the country, has introduced US FDA approved digital pathology solution by Philips Intellisite Pathology Solutions for primary diagnosis at its state of the art reference lab located at Queens Road in Bangalore and at Aster Medcity in Kochi.

Data from ixigo shows that bookings for Goa have jumped by 74 percent in October, from a month ago. "We are witnessing a trend of 'escape tourism' around 2020 with Indian travelers looking at breaking away from the rut of their daily routines. Increasing levels of pollution in metros like Delhi has tourists flocking to destinations like Goa in search of fresh air," Aloke Bajpai, CEO, Ixigo told.

Motilal Oswal Financial Services Limited informed the exchanges on Thursday that the company intends to issue 1,950 Secured Redeemable Rated Listed Principle Protected Non-Convertible Debentures of face value of Rs10 lakh each, amounting to Rs195cr on Private Placement Basis, in one or more tranches. NCDs are a debt instrument with a fixed tenure.

The net profit of consumer appliances brand Voltas declined 25.2 percent year-on-year (YoY) to Rs 80 crore in the September quarter (Q2). The consolidated total income for Q2 was Rs 1,651 crore, a YoY growth of 10 percent. Voltas said it continues to be the market leader in the room air conditioner space with a market share of 26.8 percent as of August 2020.

The SC has asked Bharti Airtel, Vodafone Idea to share info sought by the telecom regulator on segmented offers. The top court upheld TRAI drive against specialised offers given to customers looking to migrate to rival networks. The SC instructed TRAI to keep the information confidential. The top court was hearing a plea by TRAI seeking details on segmented offers given by telecom companies.

Page Industries Limited, an exclusive licensee for Jockey innerwear in India, announced on Friday that the Board Meeting of the company is scheduled to be held on November 12, 2020. At the aforementioned meeting, the Board of Directors will also consider the declaration of the interim dividend. This will be the first interim dividend for the current financial year 2020-21.

Salt-to-steel conglomerate Tata Group is exploring the option of buying a majority stake in e-pharmacy 1mg. The Tata Group has begun talks for the deal with the Sequoia Capital-backed company, according to a report by The Economic Times. "The talks have been ongoing as Tatas look to build their super-app platform. The Tata group's strategy is to pick up controlling stake but keep the management."

Axis Bank has acquired over 57,700 shares in CSC e-Governance Services India Ltd for Rs36.38cr. The Bank on Thursday has executed an agreement for subscribing up to 57,743 equity shares having face value of Rs1,000 each which was to be issued by CSC e-Governance at  a floor price of Rs6,300 per equity share.

India Cements reported 14.14% fall in the Sep-20 quarter top line sales revenues at Rs1089.96cr. The cement business across the country took a hit in the Jun-20 quarter but in Sep-20 it is at least back to 80% of the pre-COVID levels. For the Sep-20 quarter, the operating profits were up 110% at Rs181.53cr. This is largely on the back of lower costs pertaining to raw materials, fuel and transport.

Bank of India reported a small 3.44% rise in net income in the Sep-20 quarter in terms of top line revenues on a yoy basis at Rs12,478cr. The operating profits of the bank were up 24.9% at Rs3,099cr for the Sep-20 quarter on better cost management and lower interest costs. The operating margins of BOI were up from 20.57% in Sep-19 to 24.84% in Sep-20 quarter.

MRF Ltd reported 5.91% rise in the Sep-20 quarter top line sales revenues at Rs4,244.43cr. The tyre business across the country took a hit in the Jun-20 quarter as the OEM and the replacement demand took a hit and commercial vehicles in particular suffered. However, MRF has managed to recoup top line growth above the pre-COVID levels.

The government on Thursday announced simplified guidelines for BPO and ITES players to reduce the compliance burden for the industry and facilitate 'Work from Home' and 'Work from Anywhere'. The new rules for 'Other Service Providers' (OSPs) would create a friendly-regime for 'Work from Home' and 'Work from Anywhere' while removing several reporting and other obligations for such companies.