HDB Financial Services Ltd’s Q2FY21 PAT slides

HDB Financial Services Ltd’s Q2FY21 PAT slidesHDB Financial Services Limited (HDBFSL) is a non-deposit taking non-banking finance company (‘NBFC’) and subsidiary of HDFC Bank Ltd offering wide range of loans and asset finance products to individuals, emerging businesses and micro enterprises. As on September 30, 2020, HDFC Bank held 95.3% stake in HDBFSL. The total loan book grew by 2.3% to Rs. 57,014 crore as on September 30, 2020 as against Rs. 55,759 crore as of September 30, 2019. During the quarter, HDBFSL increased its liquidity buffers, with Liquidity Coverage…

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HDFC Bank approves appointment of Mr. Sashidhar Jagdishan as MD and CEO

The Board of Directors of HDFC Bank, at its meeting held today, has approved the appointment of Mr. Sashidhar Jagdishan (DIN: 08614396) as an Additional Director and as the Managing Director and Chief Executive Officer of the Bank, subject to the approval of the shareholders of the Bank, for a period of three (3) years from October 27, 2020, as approved by the Reserve Bank of India vide its email dated August 3, 2020. The above appointment shall be placed before the shareholders of the Bank for their approval, by…

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Alufluoride Ltd to stop Vizag plant to synchronize with expanded plant capacity

Alufluoride Ltd has announced that the Visakhapatnam Aluminium Fluoride Plant will be stopped from 18th October 2020 for synchronizing the existing plant to the expanded plant and new plant operations are expected to be commenced in November 2020. Shares of ALUFLUORIDE LTD. was last trading in BSE at Rs.219.05 as compared to the previous close of Rs. 220.65. The total number of shares traded during the day was 24654 in over 513 trades. The stock hit an intraday high of Rs. 229 and intraday low of 212.6. The net turnover…

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Security Trustee invokes corporate guarantee given by Zee Media Corporation Ltd

Zee Media Corporation Limited has announced with reference to the Corporate Guarantee issued by Zee Media Corporation Limited (“Company”) on June 29, 2015, to IDBI Trusteeship Services Limited (“Security Trustee”) for the Non-Convertible Debentures (“NCDs”) aggregating to Rs. 250 Crores, issued by Pri-Media Services Private Limited, the then Wholly Owned Subsidiary of the Company, subsequently merged with Diligent Media Corporation Limited (DMCL). The Security Trustee has informed that despite their discussions with the DMCL, DMCL has not yet redeemed the NCDs in full and therefore, in terms of the said…

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TATA Power lays foundation of 400 MW (AC) Solar Power Project at the 5000 MW Solar Park in Dholera Special Investment Region in Gujarat

The development is a huge shot in the arm for the DSIR project which is one of India’s first and largest Greenfield Smart city that aims to provide superlative infrastructure and sustainable environment through the application of ‘smart’ solutions. Dholera is all set to develop one of the world’s largest single-location Ultra Mega Solar Power Park which the government approved recently. Close to 11,000 hectares of land parcels are dedicated to the Park with estimated capacity of 5000 MW renewable energy generation. Of this, currently Phase 1 of 1000 MW…

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Aurobindo Pharma Ltd to increase stake in JV company Eugia Pharma Specialities Limited to 100%

Aurobindo Pharma Ltd has entered into a share purchase agreement today to acquire 100% equity share capital of MViyeS Pharma Ventures Private Limited (MViyeS). MViyeS is holding 32.18% shareholding in Eugia Pharma Specialities Limited, a joint venture company in which the Company is holding 67.82%. The cost of acquisition is Rs.274.22 crores for acquisition of total of 15,02,49,382 equity shares of Rs. 10/- each at a price of RS. 18.25 per share. Further, through Curepro Parentarals Limited (Curepro), a wholly owned subsidiary of the Company, the Company is holding 67.82%…

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Cavendish Industries Ltd announces Q2 results

Cavendish Industries Ltd. (CL), a subsidiary of JK Tyre & Industries Ltd. has recorded Sales of Rs.667 crores for the Q2. The EBIDTA at Rs.l14 crores reflected in an Operating margin of 17% and PBT of Rs.53 crores. CIL recorded its highest ever performance on back of higher capacity utilization of 84% with significant increase in Truck/Bus Radial and 2-3 Wheeler tyre sales. The aggressive focus on cost reduction particularly Fixed Costs and overall Operating parameters helped improve its cash flows. Cavendish Industries Ltd. (CIL), houses 3 Tyre Business Undertakings…

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APL Apollo Tubes Ltd board to announce Q2 results, stock split on Oct 28, 2020

A meeting of the Board of Directors of APL Apollo Tubes Ltd is scheduled on 28/10/2020, to consider and approve the financial results for the period ended September 30, 2020. The board will also consider sub-division/split of the equity shares of face value of 10 each of the Company in such manner as the Board may determine. The ‘trading window’ for trading in the equity shares of the Company is already closed from 1st October 2020 and shall reopen on 31st October 2020. Shares of APL APOLLO TUBES LTD. was…

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Dr. Reddy’s and RDIF receive approval to conduct clinical trial for Sputnik V vaccine in India

Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) and Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, today announced that they have received approval from the Drug Control General of India (DCGI) to conduct an adaptive phase 2/3 human clinical trial for Sputnik V vaccine in India. This will be a multicenter and randomized controlled study, which will include safety and immunogenicity study. Earlier in September 2020, Dr. Reddy’s and RDIF entered into a partnership to conduct clinical trials of Sputnik V vaccine and its distribution in…

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Aarti Drugs Ltd board to consider Q2FY21 results on Oct 23, 2020

A meeting of the Board of Directors of Aarti Drugs Ltd is scheduled to be held on Friday, October 23, 2020 to consider, approve and take on record Audited Financial Results for the Quarter and Half year ended September 30, 2020. The trading window of the Company shall remain closed until October 25, 2020 for the aforesaid purpose. Shares of AARTI DRUGS LTD. was last trading in BSE at Rs.790 as compared to the previous close of Rs. 798.15. The total number of shares traded during the day was 45857…

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