After cinemas reopened, PVR’s Q3 showed good content is the need of the hour

Shares of multiplex company PVR Ltd are still as much as 32% away from their pre-covid highs seen in February 2020. Not without reason. The multiplex sector has been among the worst hit due to the covid-19 pandemic, with operations remaining closed relatively longer than other sectors. Cinemas were allowed to restart operations from mid-October […]

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Jhunjhunwalas raise stake in Indian Hotels to 2.1% in Dec quarter

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala increased their stake in Indian Hotels to 2.1% during the December quarter as against 1.05% in September. The trigger for this move might have been the unlocking of the economy, and the shift to branded leaders during pandemic and also consolidation being witnessed in hospitality sector with small-time […]

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Tata Steel’s India output grows 3% in Oct-Dec, sales decline 4%

NEW DELHI : Tata Steel on Friday said its total output from India operations rose 3% to 4.60 million tonnes (MT) during the October-December quarter of the current financial year. The output from company’s operations in India was at 4.47 MT in the year-ago period, Tata Steel said in a statement. Its sales from India […]

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Yes Bank Board to consider fundraising on January 22

Private sector lender, Yes Bank on January 18 said it will consider a proposal to raise funds at its board meeting scheduled later this week. The bank may consider instruments including the issue of equity shares, depository receipts, convertible bonds, debentures, warrants, it said in a notification to exchanges. “In continuation to our letter dated […]

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GAIL announces ?1,046-cr share buyback, announces interim dividend

Public sector utility GAIL today announced share buyback of 6,97,56,641 equity shares of face value of Rs. 0 each (representing 1.55 % of the total number of fully paid-up equity shares in the paid-up share capital of the company) at a price of ?150 for an aggregate consideration of ?1,046.35 crore. GAIL board also approved […]

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Jefferies on ICICI Prudential:

ICICI Prudential Life Insurance Company share price gained 2 percent on January 15 after Jefferies maintained buy call on the stock. The global research firm has retained a buy rating on the stock with target at Rs 630 per share. The firm is of the view that ICICI Prudential can benefit from a combination of […]

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With end to MSCI overhang in sight, Airtel stock reclaims Rs 600 mark

MUMBAI: Shares of telecom operator Bharti Airtel were under pressure last year after MSCI Emerging Market Index reduced its weightage by 15 basis points in August. One basis point is one hundredeth of a percentage point. On Thursday, MSCI said Bharti Airtel will be a part of its February 2021 quarterly index review. This means […]

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HCL Tech Q3 results: Net profit jumps to Rs 3,982 crore

HCL Tech reported strong earnings for the third quarter ended December 31 with net profit jumping 31% to ?3,982 crore while revenues rose 6.4% to ?19,302 crore. HCL Tech shares were up 1% at ?1037 in early trade as compared to a flat Mumbai market. The company declared an interim dividend of Rs 4 per […]

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Infosys beats estimates with Q3 profit growth at 7.3%; raises FY21 revenue, EBIT margin guidance

Infosys, the Indian MNC that provides business consulting and IT services, has delivered a strong beat on all parameters in December quarter earnings on January 13, with upward revision in full year constant currency revenue growth as well as margin guidance following a record deal wins. The company has raised its FY21 revenue growth guidance […]

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Wipro Q3 profit rises 21% YoY, dollar revenue growth highest in 36 quarters

Software services company Wipro on January 13 reported a consolidated profit of Rs 2,966.70 crore for the October-December quarter, rising 20.8 percent compared to Rs 2,455.80 crore in the corresponding quarter of the previous year. Consolidated revenue for the quarter stood at Rs 15,670 crore, which was higher by 1.3 percent compared to Rs 15,470.50 […]

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