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Titan Company: The jewellery and watch maker recorded a standalone net profit of Rs 786 crore for the quarter ended March FY24, growing 7.1 percent over the corresponding period of the previous fiscal year, impacted by a weak operating margin. Revenue from operations for the quarter, at Rs 11,257 crore, increased by 16 percent over the same period in the in the previous fiscal. The company announced a dividend of Rs 11 per share for FY24 and re-appointed C. K. Venkataraman as Managing Director with effect from October 1 this year.
Tata Power Company: Subsidiary Tata Power Renewable Energy has signed a power purchase agreement with PSU company SJVN to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project. The plant will generate nearly 3,000 million units (MUs) of power and offset 2,200 million kg of CO2 emissions annually, while FDRE enables round-the-clock power supply, assisting distribution companies in fulfilling renewable purchase obligations, and energy storage obligations.
Dr. Reddy's Laboratories: The pharma company launched Doxycycline capsules, 40 mg, in the US market. The drug is a therapeutic generic equivalent of Oracea capsules approved by the US Food and Drug Administration. Doxycycline capsules are used for the treatment of infections caused by bacteria.
HDFC Bank: The Reserve Bank of India has approved the re-appointment of Atanu Chakraborty as the part-time chairman of HDFC Bank for three years, with effect from May 5 this year.
BSE: Girish Joshi has resigned from the post of Chief Listing and Trading Development of the company, with effect from August 2 this year.
Tata Technologies: The global product engineering and digital services company has reported consolidated net profit of Rs 157.2 crore for the March FY24 quarter, declining 27.4 percent over the same period in the in the previous fiscal year despite a healthy operating margin impacted by weak topline. Revenue from operations fell 7.2 percent on-year to Rs 1,301 crore for the quarter, while EBITDA during the same period declined 1.1 percent to Rs 240 crore and margin expanded 110 bps to 18.4 percent. The company announced a total dividend of Rs 10.05 per share, including a special dividend of Rs 1.65 per share.
IDBI Bank: The lender has recorded net profit at Rs 1,628 crore for the quarter ended March FY24, growing 44 percent over the year-ago period on a 58 percent decline in provisions. Net interest income grew by 12 percent year over year to Rs 3,688 crore for the quarter, with net interest margin declining 10 basis points to 4.91 percent. Asset quality was stable during the quarter, with gross NPA falling 16 bps sequentially to 4.53 percent and net NPA unchanged at 0.34 percent QoQ.
Inox Wind Energy: The company has reported consolidated net profit of Rs 38.88 crore for the March FY24 quarter, against a loss of Rs 109.5 crore in the corresponding period of the previous fiscal year, with a strong topline. Revenue from operations surged by 184 percent YoY to Rs 528.5 crore for the quarter.
Yes Bank: Foreign investor Goldman Sachs (Singapore) Pte. Ltd. (ODI bought 36,92,43,945 equity shares (equivalent to 1.22 percent of paid-up equity) in the bank at an average price of Rs 24.26 per share, valued at Rs 895.78 crore. However, foreign investor CA Basque Investments sold 59.4 crore equity shares (1.97 percent of paid-up equity) in the bank at an average price of Rs 24.27 per share, which amounted to Rs 1,441.63 crore. As of March 2023, CA Basque Investments had a 9.11 percent stake in Yes Bank.
Titan Company: The jewellery and watch maker recorded a standalone net profit of Rs 786 crore for the quarter ended March FY24, growing 7.1 percent over the corresponding period of the previous fiscal year, impacted by a weak operating margin. Revenue from operations for the quarter, at Rs 11,257 crore, increased by 16 percent over the same period in the in the previous fiscal. The company announced a dividend of Rs 11 per share for FY24 and re-appointed C. K. Venkataraman as Managing Director with effect from October 1 this year.
Tata Power Company: Subsidiary Tata Power Renewable Energy has signed a power purchase agreement with PSU company SJVN to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project. The plant will generate nearly 3,000 million units (MUs) of power and offset 2,200 million kg of CO2 emissions annually, while FDRE enables round-the-clock power supply, assisting distribution companies in fulfilling renewable purchase obligations, and energy storage obligations.
Dr. Reddy's Laboratories: The pharma company launched Doxycycline capsules, 40 mg, in the US market. The drug is a therapeutic generic equivalent of Oracea capsules approved by the US Food and Drug Administration. Doxycycline capsules are used for the treatment of infections caused by bacteria.
HDFC Bank: The Reserve Bank of India has approved the re-appointment of Atanu Chakraborty as the part-time chairman of HDFC Bank for three years, with effect from May 5 this year.
BSE: Girish Joshi has resigned from the post of Chief Listing and Trading Development of the company, with effect from August 2 this year.
Tata Technologies: The global product engineering and digital services company has reported consolidated net profit of Rs 157.2 crore for the March FY24 quarter, declining 27.4 percent over the same period in the in the previous fiscal year despite a healthy operating margin impacted by weak topline. Revenue from operations fell 7.2 percent on-year to Rs 1,301 crore for the quarter, while EBITDA during the same period declined 1.1 percent to Rs 240 crore and margin expanded 110 bps to 18.4 percent. The company announced a total dividend of Rs 10.05 per share, including a special dividend of Rs 1.65 per share.
IDBI Bank: The lender has recorded net profit at Rs 1,628 crore for the quarter ended March FY24, growing 44 percent over the year-ago period on a 58 percent decline in provisions. Net interest income grew by 12 percent year over year to Rs 3,688 crore for the quarter, with net interest margin declining 10 basis points to 4.91 percent. Asset quality was stable during the quarter, with gross NPA falling 16 bps sequentially to 4.53 percent and net NPA unchanged at 0.34 percent QoQ.
Inox Wind Energy: The company has reported consolidated net profit of Rs 38.88 crore for the March FY24 quarter, against a loss of Rs 109.5 crore in the corresponding period of the previous fiscal year, with a strong topline. Revenue from operations surged by 184 percent YoY to Rs 528.5 crore for the quarter.
Yes Bank: Foreign investor Goldman Sachs (Singapore) Pte. Ltd. (ODI bought 36,92,43,945 equity shares (equivalent to 1.22 percent of paid-up equity) in the bank at an average price of Rs 24.26 per share, valued at Rs 895.78 crore. However, foreign investor CA Basque Investments sold 59.4 crore equity shares (1.97 percent of paid-up equity) in the bank at an average price of Rs 24.27 per share, which amounted to Rs 1,441.63 crore. As of March 2023, CA Basque Investments had a 9.11 percent stake in Yes Bank.