ABB, Siemens, Godrej Properties in action

ABB India reported 44.37% drop in net profit to Rs 64.64 crore on 14.33% fall in total income to Rs 1,624.81 crore in Q1 March 2020 over Q1 March 2019.

Siemens reported 38.18% drop in consolidated net profit to Rs 175.70 crore on 20.26% fall in total income to Rs 2,919.90 crore in Q2 March 2020 over Q2 March 2019.

Godrej Properties reported 35.48% drop in consolidated net profit to Rs 101.08 crore on 7.06% rise in total income to Rs 1,288.17 crore in Q4 March 2020 over Q4 March 2019.

Maruti Suzuki India said that the board has approved acquisition of 39.13% equity stake from Sumitomo Corporation, Japan and 10% equity stake from Sumitomo Corporation India held in J.J. Impex (Delhi).

Infosys and NICE Actimize, a NICE business and a leader in Autonomous Financial Crime Management, announced the expansion of their strategic collaboration. This global partnership will allow Infosys to offer its best-in-class delivery capabilities and resell NICE Actimize's end-to-end financial crime software solutions through either a cloud or on-premises environment to a growing customer base around the world.

Schaeffler India reported 26.21% drop in net profit to Rs 78.35 crore on 20.41% fall in total income to Rs 946.71 crore in Q1 March 2020 over Q1 March 2019.

Future Consumer said that a meeting of the board of directors of the company is scheduled to be held on 16 May 2020 to consider the proposal to issue equity shares to existing shareholders of the company on rights basis.

PNC Infratech said that NHAI has declared the company as lowest bidder for a highway project in Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM) for Rs 1,412 crore.

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