Sugar stocks declined after the government hiked sugarcane prices for farmers. Grasim launched its paint business with production at three facilities. Bank of Baroda completed fund raising through the sale of a bond offering.
Aditya Birla Group's U.S. subsidiary Novelis files to list its stock in New York. ABB India reported a double-digit increase in sales and earnings in its latest quarter. Union Bank of India to raise more capital through an institutional offering.
The Power Grid Board approved investment in two projects to be completed by the end of 2025. Balrampur Chini said it plans to invest in the manufacture of an ingredient used in making biodegradable plastic.
Tata Power is in advanced talks to sell a power plant to REC. LIC received a tax refund from the income-tax department. Omaxe won an order to develop bus stations in Lucknow and Ayodhya.
BHEL swung to a quarterly loss. Oil India said quarterly earnings declined on weak crude oil prices. Eicher Motor said quarterly earnings and revenue increased because of higher vehicle demand.
Coal India reported rising production and an increase in net income. HAL said quarterly revenue and earnings advanced on higher demand for parts and services. Phoenix Mills reported a sharp rise in quarterly revenue and earnings.
ONGC reported a decline in its quarterly profit. Railtel won an order from the defense ministry. Bandhan Bank reported a surge in quarterly profit and an elevated net interest margin. Apex Foods said quarterly earnings and revenue fell.
Lupin reported a surge in its quarterly profit after the company expanded its domestic sales network. Zomato swung to a quarterly profit. JK Lakshmi said quarterly profit nearly doubled.
Power Grid declared its second interim dividend. PetroNet completed a long-term LNG purchase agreement with Qatar. Adani Ports won a bid to operate a container terminal in Tanzania. NTPC and ONGC formed a joint venture to build offshore wind power plants.
Axis Bank's plan to inject additional capital in Max Life won a regulatory approval. The competition regulator approved Kotak Mahindra's plan to sell its majority stake in its insurance unit. Morepen said quarterly earnings soared. Britannia Industries said quarterly net plunged.
Bharti Airtel reported a sharp jump in quarterly revenue and earnings. Shree Cement confirmed that the company is not in tax arrears with the income tax department. IEX reported a record monthly trading volume in January.
Bata India reported a sharp plunge in net income on weak revenue growth in the latest quarter. Mahindra & Mahindra Financial said the net interest margin decreased but stayed elevated. Mangalore Refinery and Zensar Tech trade ex-dividend today.
Bajaj Auto said January vehicle unit sales rose 24%. The RBI barred Paytm Bank from accepting new clients for its failure to meet compliance and regulatory requirements. Deepak Nitrite to set up chemical manufacturing plants in Gujarat by 2027.
Larsen &Toubro reported a double-digit increase in revenue and profit in the latest quarter, but guided a sharp decline in domestic orders. SRF said quarterly profits plunged. Voltas said losses narrowed in its latest quarter.
