UltraTech’s RoCE jumps to 11% in Q3: Key takeaways
UltraTech on Friday missed Street estimates despite posting 48.64 per cent rise in standalone profit at Rs 643.15 crore for December quarter. Analysts in an ETNow poll had projected the number at Rs 740 crore. Revenue came in almost flat at Rs 9,981.75 crore against Rs 9,938.11 crore. Analysts were expecting a top line of Rs 10,300 crore.
UltraTech Q3 results: Profit surges 49% to Rs 643 crore, misses Street estimates
Analysts in an ET NOW poll had estimated the number at Rs 74...
Interior firm Livspace gets $60m makeover
Livspace has raised about $150 million till date, according to share allotment disclosures made by ...
Stock market update: Cement stocks surge; Andhra Cements climbs over 3%
Andhra Cements, HeidelbergCement India and APCL were the top gainers.
IIFL Securities maintains ‘Sell’ on Shree Cements, target price Rs 13,800
Cement prices are expected to decline in FY21in the key northern region.
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by making heavy investments in working capital,” said Suchanti, CMD, Concept.
Stocks in the news: Coffee Day, UltraTech Cement, Sterling & Wilson, JSW Steel and SpiceJet
Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.
CAIT seeks probe into business models of 16 online platforms, e-commerce firms
In a letter to Commerce minister Piyush Goyal dated January 24, the Confederation of All India Traders (CAIT) alleged that the common phenomenon in these companies of incurring huge yearly losses and earning revenues is not a healthy business practice.
UltraTech Cement Q3 results preview: Profit may double, volume growth seen at 2-3%
Analysts said demand for cement improved in December as construction activity picked up.
US judge rules against outsourcing firm
The companies, led by outsourcing provider Kollasoft, were seeking to “stay the legal effects” of the US Citizenship and Immigration Services’ denial of 27 unique H1B visa applications as it claimed those denials were based on illegal or ultra vires rules promulgated in a February 2018 policy memo issued by USCIS.
HDFC Life slips 2% post Q3 results; should you invest?
During the April-December period, HDFC Life’s net profit increased 8 per cent to Rs 984 crore from Rs 913 crore.
Sebi levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
The orders follow a probe conducted by the regulator between April 2014 and September 2015.
H-1B visas: US judge rules against outsourcers
The companies, led by outsourcing provider Kollasoft, were seeking to “stay the legal effects” of the US Citizenship and Immigration Services’ (USCIS) denial of 27 unique H-1B visa applications as it claimed those denials were based on illegal or ultra vires rules promulgated in a February 2018 policy memo issued by USCIS.
CDSL Q3 profit drops 24%, income rises 10%
CDSL said it has taken a one-time charge for a non-recurring previous years' anticipated statutory liability of Rs 10.56 crore.
Biocon Q3 profit dips 7% on R&D cost, tax impact; topline jumps 14%
Biocon’s profit before exceptional item at Rs 225 crore reported a 6% growth. It reported an operating margin (EBITDA) of 27%.
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