ICICI Bank, ITC, Maruti Suzuki in focus ahead of quarterly results

HCL Technologies, ICICI Bank, Idea Cellular, ITC, Maruti Suzuki and ONGC are among the companies that will be announcing their June quarter earnings today, 27 July 2017.

State Bank of India (SBI) announced that its board approved extension of validity period to raise the remaining Additional Tier I capital to the tune of Rs 2000 crore till 31 March 2018 and accordingly authorized bank to raise upto Rs 2000 crore Additional Tier I capital, by way of issue of Basel III compliant perpetual debt instruments in USD and/or INR, at par, through private placement to overseas and/or Indian investors, in such number of tranches, at such times as may be considered appropriate and on such coupons as may be decided at the time of actual issuance. The announcement was made after market hours yesterday, 26 July 2017.

The board had earlier authorized SBI to raise Additional Tier I capital upto Rs 11100 crore till 31 March 2017. The bank has raised Additional Tier I capital in domestic and overseas market to the tune of Rs 9100 crore during the financial year 2016-2017.

Tata Motors announced that a committee of board approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) E27-I series of face value Rs 10 lakh each, at par, aggregating up to Rs 1000 crore, comprising of two tranches of debentures of Rs 500 crore each. The announcement was made after market hours yesterday, 26 July 2017.

Nestle India's net profit rose 9.66% to Rs 263.43 crore on 6.91% rise in total income to Rs 2443.44 crore in Q2 June 2017 over Q2 June 2016. The announcement was made after market hours yesterday, 26 July 2017.

Siyaram Silk Mills' net profit rose 26.07% to Rs 10.35 crore on 12.66% rise in total income to Rs 324.82 crore in Q1 June 2017 over Q1 June 2016. The company's board has approved a 2-for-1 stock split of equity shares. The announcement was made after market hours yesterday, 26 July 2017.

Karnataka Bank announced after market hours yesterday, 26 July 2017, that it opened its 770th branch at Bengaluru- K R Puram (Krishnarajapuram) on 26 July 2017.

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