The board of L&T will meet on 28 October 2020 to consider a special dividend on equity shares for the financial year 2020-21. The record date for the special dividend, if declared, is fixed on 5 November 2020, L&T said. Tech Mahindra reported 9.5% rise in consolidated profit after tax (PAT) to Rs 1065 crore on 2.9% rise in revenue to Rs 9,372 crore in Q2 September 2020 over Q1 June 2020. Nestle India reported 1.34% decline in net profit to Rs 587.09 crore on 10.2% increase in net sales to Rs 3,525.41 crore in Q3 September 2020 over Q3 September 2019. Tata Motors on Friday (23 October 2020) announced that it has bagged the order of 6,413 vehicles from Andhra Pradesh State Civil Supplies Corporation. The auto major emerged as the top bidder and will be delivering the fully-built Tata Ace Gold vehicles. The vehicles are to be used as mobile dispensing units for the doorstep delivery of supplies in the state of Andhra Pradesh, and will be customised by Tata Motors to perfectly suit the application. The Tata Ace Gold was chosen for its value-for-money, low cost of operations, durability and versatility. The e-bidding process was carried out through the government e-marketplace. ICICI Lombard General Insurance Company reported 35.02% rise in net profit to Rs 415.74 crore in Q2 September 2020 as against Rs 307.91 crore in Q2 September 2019. Total income increased by 5.28% to Rs 2883.40 crore in Q2 September 2020 compared with Rs 2738.92 crore in Q2 September 2019. IndusInd Bank said it denies the rumour in certain media reports concerning a merger proposal, and considers it to be malicious, untrue and baseless. Media reports indicated that Kotak Mahindra Bank is exploring a potential takeover of IndusInd Bank. Shares of Reliance Industries will be in focus. The company's subsidiary Reliance Retail Ventures (RRVL) is informed of an interim order passed by the Emergency Arbitrator in the arbitration proceedings invoked by Amazon under a shareholders' agreement with the promoters of Future group. RRVL has entered into the transaction for acquisition of assets and business of Future Retail under proper legal advice and the rights and obligations are fully enforceable under Indian Law. RRVL intends to enforce its rights and complete the transaction in terms of the scheme and agreement with Future group without any delay. Persistent Systems reported a 13.31% growth in consolidated net profit to Rs 101.98 crore on 1.65% increase in revenue from operations to Rs 1,007.74 crore in Q2 September 2020 over Q1 June 2020. On a consolidated basis, Aarti Drugs' net profit spurted 132.96% to Rs 75.27 crore on 21.07% increase in net sales to Rs 578.11 crore in Q2 September 2020 over Q2 September 2019. Huhtamaki PPL reported 15.6% increase in net profit to Rs 36.88 crore on 5.5% rise in total revenue from operation to Rs 685.90 crore in Q2 September 2020 over Q2 September 2019. Polycab India reported 14% increase in consolidated net profit to Rs 221.6 crore on 6% decline in revenue to Rs 2,113.7 crore in Q2 September 2020 over Q2 September 2019. WABCO India's standalone net profit rose 3.69% to Rs 35.11 crore on 6.12% decrease in net sales to Rs 418.71 crore in Q2 September 2020 over Q2 September 2019. Sudarshan Chemical Industries' consolidated net profit skid 34.4% to Rs 30.33 crore on 1.1% increase in net sales to Rs 423.24 crore in Q2 September 2020 over Q2 September 2019. Powered by Capital Market - Live News |