Gujarat Ambuja expanded its liquid glucose production capacity in West Bengal. KPI Green struck a power sale agreement with Gujarat. Patel Engineering won a construction order in Telangana.
Bajaj Auto reported a strong increase in vehicle sales in February after domestic and export demand rose by double digits. Mahindra & Mahindra said vehicle sales soared in February due to sustained sales growth in utility vehicles. Escorts February sales plunged.
Canara Bank and Grauer & Weil announced a stock split. Paytm's founder stepped down from the board of Paytm Payments Bank. Andhra Cement's promoter plans to lower its stake in the company.
Kotak Mahindra inched closer to selling the majority stake in its insurance arm to Zurich Insurance. HDFC Bank won regulatory approval to sell its education loan subsidiary. Skipper and Transformers and Rectifiers received orders from Power Grid to build electric transmission lines.
Olectra Greentech won an order from the Mumbai-based bus service operator BEST for electric buses. Bandhan Bank appointed a former Citi India executive as chief financial officer. Jana Small Finance Bank reported a surge in net interest income and after-tax income.
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.
