Earnings today: Wipro, Karnataka Bank, Tata Steel Long Products and Rudra Global Infra Products will announce their September quarter earnings on Tuesday. Wipro will also consider a buyback plan on October 13.
Lakshmi Vilas Bank: Cash-strapped Lakshmi Vilas Bank (LVB) said its board will meet later this week to consider issuance of shares on rights basis to existing shareholders.
Reliance Industries: RIL’s telecom arm Reliance Jio has become the first mobile service provider to cross 40 crore customers mark in India with a net addition of over 35 lakh subscribers in July, according to data released by telecom regulator Trai on Monday.
PNB: Kolkata: Second largest state-owned lender Punjab National Bank (PNB) has hit the market to raise Rs 1500 crore in tier 2 bonds Monday, as the lender embarked on an aggressive Rs 14000 crore capital raising exercise for this fiscal.
JSW Steel: The company, among India’s top two makers of the alloy, raised $500 million through an offshore bond, which could come in handy if the pandemic were to hasten consolidation in the industry.
Eveready Industries: Promoter group Khaitan family’s stake in Eveready Industries has slipped below five per cent after Vistra ITCL (India), the largest independent corporate trustee in the country, invoked pledged shares of the dry-cell battery major, according to a regulatory filing by the company.
Infosys: IT services major Infosys said it has completed the acquisition of US-based product design and development firm Kaleidoscope Innovation.
BPCL: Bharat Petroleum (BPCL), which controls 11-12 per cent of the around Rs 35,000-crore engine oil market, has set a target of raising its market share to 13-14 per cent by March, given the rising rural demand as the farm sector is set for yet another bumper harvest.
Hero MotoCorp: Leading two-wheeler maker Hero MotoCorp said it has launched a new variant of its 125cc bike Glamour priced at Rs 72,000 (ex-showroom).
Britannia: The FMCG major announced stepping up its investment in Tamil Nadu to Rs 550 crore.
Schaeffler India: Industrial and automotive supplier Schaeffler India launched its lubricant range, including engine and hydraulic oil, coolants and grease, under the brand name TruPower.
Mahindra & Mahindra: Mahindra & Mahindra (M&M) said it has launched BS-VI compliant variants of its three-wheeler brand Alfa, priced up to Rs 2.67 lakh (ex-showroom Mumbai).
Essel Propack: Packaging service provider Essel Propack on Monday said it has received regulatory approval for changing its name to EPL.
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