Stocks in news: Titan, Marico, Bajaj Auto, Adani Wilmar, Tata Steel
Marico saw low single-digit growth in domestic volumes on a year-on-year basis during the third quarter ended March. The company has also reported slight sequential improvement in its core portfolio.
Bajaj Auto said that its board will have a meeting on January 8 to consider and approve buyback of shares.
A board meeting of Chambal Fertilisers is scheduled on January 8 to consider buyback of shares.
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Consumer discretionary major Titan Co saw 22% revenue growth for the third quarter ended December. The growth was broad-based as most of the segments put up a healthy performance during the quarter.
Cipla arm Cipla Technologies and Pulmatrix Inc have completed an amendment to the agreement for the development and commercialization of Pulmazole.
360 One Wam
360 One has made a minority financial investment in NeoLiv, a residential real estate development and asset management platform.
Shree Cement clarified on reports of tax demand of Rs 4000 crore, saying it has not received any communication from the Income Tax Department.
The Odisha government has handed over possession of forest land to the company’s subsidiary for an integrated steel plant. The non-forest land is leased in favour of arm JSW Utkal Steel by the Odisha government.
Tata Steel production volumes rose 6% to 5.32 mt in the quarter ended December. India delivery volumes were up 3% to 4.88 mt in the same period.
The Board has approved for incorporation of a wholly owned subsidiary company for green energy business.
During the quarter, the company recorded overall volume growth of 6%. However, lower pricing of edible oils in line with the fall in the cost of raw materials (crude edible oils), resulted in a revenue decline of 15% YoY.
Narayana Hrudayalaya’s arm Narayana Health Insurance has been granted license by Irdai to exclusively carry on health insurance business.
Godrej Consumer’s organic business delivered steady underlying volume growth of mid-single digits.
The RBI has asked Federal Bank to submit new names for MD and CEO.