stock in focus today as the company reported a 50.1% jump in Q3FY19 profit as it benefited from higher coal production.
The Reserve Bank of India imposed a penalty on Oriental Bank of Commerce
, Allahabad Bank
, Bank of Maharashtra
and Indian Overseas Bank
for not monitoring end use of funds. While they have to pay the central lender Rs1.5cr, Andhra Bank has been fined Rs1cr.
s Vijaya Sampath resigned as the Independent Director with effect from Feb.12.
’s arm received ANDA approval from the USFDA for Fenofibrate Tablets which are used for treating cardiovascular diseases.
Rico Auto Industries
board approved acquisition of Magna Rico Powertrain (a joint venture company), which will then become wholly owned arm of the company. The board also agreed to set up a new manufacturing plant in Gujarat for two-wheeler and four-wheeler components which will be operational by May with an investment of Rs1.1cr.
Lumax Auto Technologies
said that commercial production in Maharashtra unit to supply auto parts to Bajaj Auto has started.
L&T Technology Services
said that a client in the telecom and hitech reporting segment has decided to assume ownership of engineering for their core product. The company said that other engagements with the aforesaid client will continue as is and the annualised revenue will be impacted by around 4 percent starting from March 2019.
said that achieved loan sanctions of Rs15,581.2cr and loan releases of Rs15,534.4cr as on Jan 31, for the financial year 2019.
Lakshmi Machine Works
said it expects to commence assembly of machines tools to Japan’s DMG Mori in financial year 2020. The company stated that activity will not involve any capital expenditure.
Transport Corporation of India
finalised the agreement to hive off its cold chain unit into TCI Cold Chain Solutions for a consideration of Rs63.6cr, with the sale expected to be completed by February 28.
’s solar arm launched residential rooftop solution in Chandigarh.
Results today: Bharat Forge
, Fortis Healthcare, Godrej Industries, NBCC (India), Oracle Fin services, Reliance Capital, Repco Home Finance, Adani transmission, Adani Gas, Lemon tree hotels, 8K Miles, Force Motors, GMDC Ltd, Gujarat Fluorochemicals, Gulf Oil, Hindustan composites, Igarshi Motors, KIRI Industries, Mayur Uniquoters, Mc nally baharat Eng, Mercator, MIC Electronics, Prabhat Dairy, Quick Heal, RSWM, Ruchi Soya, Schaeffler India, Schneider electric Infra, Sharda motor, Siti network, TNPL, Vascon eng, Gayatri highways, Mukta Arts, Orchid Pharma,