News Overview

IIFL Wealth Management has allotted 10468 equity shares under ESOP on 20 January 2022 Consequent to the aforesaid allotment the issued subscribed and paid-up share capital of the Company has increased from Rs 177312468 comprising of 88656234 equity shares of Rs 2 each to Rs 177333404 comprising of 88666702 equity shares of Rs 2 each

GAIL India announced that MV Iyer Director BD has been entrusted with an additional charge of the post of Director Marketing GAIL for a period of three months from 18 January 2022 or till appointment of a regular incumbent to the post or until further orders whichever is the earliest

Airan will hold a meeting of the Board of Directors of the Company on 28 January 2022

Reliance Industries reported 54.25% yoy growth in total revenues for the Dec-21 quarter on consolidated basis at Rs191,271cr

Bajaj Finserv Ltd reported 10.20% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs17,587cr

Havells Ltd reported 15.40% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs3,664.21cr

Cyient Ltd reported 13.32% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs1,183.40cr

Bajaj Holdings reported -4.74% fall in total revenues for the Dec-21 quarter on consolidated basis at Rs95.57cr

PNB Housing Finance Ltd reported -20.74% fall in total revenues for the Dec-21 quarter on consolidated basis at Rs1,495.38cr

We expect the Budget to address this anomaly and usher in a level-playing field by offering them the lower corporate income tax rate of 25%.