Some corporate and economy snippets for today

2 Nov 2022 , 09:17 AM

Corporate Snippets:

•  Tech Mahindra has recorded a Q-o-Q increase of 13% in its consolidated net profit, in the September quarter. Its profit in the quarter stood at Rs 1299 crore. 
•  Adani Ports and Special Economic Zones’ profit in the September quarter increased y-o-y by 65% to Rs 1,738 crore.
•  Hero Motors’ sales in October has come down y-o-y by 17%.
•  Veranda Learning Solutions has terminated the deal for acquisition of T.I.M.E.
•  Eicher Motors’ sales in October has gone up y-o-y by 86%.

       
Economy Snippets:

• Windfall tax on crude petroleum exports has been reduced to Rs 9500 per tonne from Rs 11000 per tonne.
• Windfall tax on exports of Aviation Turbine Fuel has been increased from Rs 3.5 per litre to Rs 5 per litre.
• Government has said that wholesalers and big chain retailers will be exempted from stockholding limits on oilseeds and edible oil.

 
Results Today:     Adani Transmission, EIH, Dalmia Bharat, M&M Financial Services,  M&M Financial Services,  JK Paper, GATI, Gravita India, Procter & Gamble, Redington, Triveni Turbine,  Kajaria Ceramics, KSB, EIH, MTAR Technologies etc.