Reliance Industries (RIL) said that the meeting of the board of directors of the company is scheduled on 30 April 2020 to consider a proposal to issue equity shares to existing shareholders on rights basis, as may be permitted under applicable law, subject to such regulatory/statutory approvals, as may be required.
IndusInd Bank's net profit fell 16.17% to Rs 301.84 crore on 21.29% rise in total income to Rs 9158.57 crore in Q4 March 2020 over Q4 March 2019. The private lender's profit before tax (PBT) contracted 21.92% to Rs 395.85 crore in Q4 March 2020 from Rs 507 crore in Q4 March 2019. The result was announced after market hours yesterday, 27 April 2020.
Ambuja Cements' consolidated net profit after tax and minority interest rose 11.9% to Rs 554 crore on 8.44% fall in sales to Rs 6129 crore in Q1 March 2020 over Q1 March 2019.
HDFC Life Insurance Company's consolidated net profit dropped 14.54% to Rs 311.65 crore in Q4 March 2020 as compared to Rs 364.68 crore in Q4 March 2019. Consolidated net premium income rose 2.19% to Rs 10,475.95 crore in Q4 March 2020 from Rs 10,251.26 crore in Q4 March 2019. Profit before tax (PBT) slumped 17.78% to Rs 284.41 crore in Q4 March 2020 from Rs 345.95 in Q4 March 2019.
UPL confirmed the completion of acquisition of Yoloo (Laoting) Bio-technology Co., that was announced on 14 November 2019, post all customary and regulatory approvals and the transaction is closed.
A meeting of the Board of Directors of Just Dial will be held on 30 April 2020 to consider and approve the proposal for buy-back of fully paid-up equity shares of the company.
Minda Industries has been granted approval to resume production at certain locations. Accordingly, production has resumed at certain facilities located in Pantnagar from April 24, 2020 at and Waluj from April 27, 2020. Clarton Horn's manufacturing facility in Spain has also resumed production. These facilities are currently operating at partial capacity and production will be enhanced to normalized level in a phased manner, based on government directives and customer demand.
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