Stocks in the news: IRCTC, YES Bank, Adani Gas, BHEL and UltraTech Cement
UltraTech Cement will sell its entire stake in Bangladesh-based Emirates Cement Bangladesh
IRCTC, BHEL: BHEL, IRCTC, NALCO, ABB, Cadila Healthcare, Pidilite Industries, Muthoot Finance, HUDCO, Oracle Financial Services, The New India Assurance Company and Cadila Healthcare will be among companies that will disclose quarterly results on Wednesday.
UltraTech Cement: The company said it will sell its entire stake in Bangladesh-based Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (EPCL) to Germany's HeidelbergCement for an enterprise value of $29.5 million or Rs 211.48 crore.
YES Bank: Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, have held separate talks with Yes Bank Ltd to purchase stakes of 5-10% each in the cash-starved private lender, Mint reported.
RCom: Bharti Airtel, Bharti Infratel and private equity firm Varde Partners are among six companies that have bid for the assets of bankrupt telco Reliance Communications and its units Reliance Telecom and Reliance Infratel
CG Power and Industrial Solutions: The company plans to re-examine its accounts over the past three fiscal years to ascertain whether more financial irregularities may have escaped detection as revealed nine deals.
ONGC: The oil firm is seeking buyers for the first gas from its KG basin fields, which would begin production next month after years of delay.
Adani Gas: The company reported more than doubling of its second quarter net profit on lower tax rate.Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share.
Vodafone Idea and Bharti Airtel: The two telecom operators are set to file a review petition this week, which may include seeking a reduction in the penalties and interest component of the dues
Aditya Birla Fashion and Retail: The company saw net profit fall 30 per cent due to higher tax though sales rose 14% for the second-quarter ended September.
Cochin Shipyard: The state-owned company reported a 40.3 per cent rise in its consolidated net profit to Rs 206.33 crore for the quarter ended September 2019.
Info Edge: The company, which runs job portal naukri.com, reported a wider net loss of Rs 111.8 crore for the September 2019 quarter.
Kesoram Industries: The BK Birla company has received the approval from NCLT for demerging its tyre business, which would now be listed separately.
RIL: The Securities Appellate Tribunal is likely to hear an appeal by Reliance Industries against a Sebi order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives.
Crisil: The leading rating agency has reported a 16.77 per cent jump in net profit at Rs 105.1 crore in September quarter as against Rs 90 crore in the year-ago period.
Jaypee Infratech: Lenders of the debt-ridden company will meet on November 18 to take forward the process of insolvency resolution after the Supreme Court directed early this month to complete the process within 90 days.
Aurobindo Pharma: Drug firm reported a 4.6 per cent rise in its consolidated net profit at Rs 639.5 crore for the quarter ended September 30, 2019.
Sun TV Network: The company reported a marginal increase of 1.04 per cent in consolidated profit after tax (PAT) at Rs 368.79 crore for the second quarter ended September 30.
NDTV: The broadcasting company said it has posted a loss of Rs 10.27 crore in July-September 2019 period after multiple quarters of profit, mainly due to decline in advertising revenue and a challenging environment.