Tata Steel, Adani Transmission, Muthoot Finance, LIC Housing Finance Q3 Results Today—Earnings Estimates

Tata Steel will be in focus on Monday as the Indian steel major announces financial results for the quarter ended December 2022. Adani Transmission, LIC Housing Finance, Muthoot Finance, Nuvoco Vistas Corporation, Varun Beverages and JK Paper are also scheduled to announce their earnings for the period under review. KPR Mill, Hitachi Energy India, V-Mart … Read more

Adani Enterprises, Adani Ports And Ambuja Cements Under NSE’s Additional Surveillance From Today

Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., and Ambuja Cements Ltd. will be under the National Stock Exchange’s short-term additional surveillance starting Feb. 6. India’s largest bourse had on Feb. 2 announced the decision to move the stocks under additional surveillance or ASM. From Monday, the applicable margin on the three stocks … Read more

Net Profit Declines 60%, Misses Estimates

ACC Ltd.’s third-quarter net profit fell and missed analysts’ estimates.The cement-maker reported 60% year-on-year decline in net profit at Rs 113.19 crore, according to an exchange filing. That compares with the 149.46 crore consensus estimate of analysts tracked by Bloomberg.ACC Q3 Results FY23 (Consolidated, YoY)Revenue up 7% at Rs 4,536.97 crore vs Rs 4,225.76 crore, … Read more

Adani Group Says Hindenburg Report Constitutes Securities Fraud Under Indian Law

The group questioned the “ulterior motives” and modus operandi of Hindenburg that, it said, has conveniently ignored the Indian judiciary and regulatory framework. The Adani Group said there are three key themes from the Hindenburg report: Selective and manipulative presentation of matters already in the public domain to create a false narrative. Complete ignorance or … Read more

No Side Is A Winner In This Numbers Game

Recently, we have been told that India has taken the baton from China to become the country with the largest population. The headline of India-China is misleading in the way it constructs a race towards this dubious title. It invokes a panic about the alarming Population Bomb (ticking away since 1968). It also frames both … Read more

Adani Enterprises’ FPO To Remain On Schedule At Planned Price Band

Adani Enterprises Ltd., will continue its Follow on Public Offer at the planned price band, according to a company statement. “There is no change in either the schedule or the issue price,” it said. Billionaire Gautam Adani-owned companies witnessed a slide in their share price following a report by Hindenburg Research alleging fraud. Adani Group … Read more

Dixon Technologies Expects Sales Recovery In FY24 Despite Fears Of Global Slowdown

Following dented sales in the third quarter, Dixon Technologies Ltd. expects a recovery in the next quarter and even the next fiscal. But research firm Jefferies has a cautious outlook. “We are in the process of adding new customers, we have gotten some new export orders from the UAE, and we also have repeat export … Read more

NTPC, Bharat Electronics, Kajaria Ceramics, DCB Bank Q3 Results Today — Earnings Estimates

NTPC Ltd., Bharat Electronics Ltd., Kajaria Ceramics Ltd., DCB Bank Ltd., Vedant Fashions Ltd., and Poly Medicure Ltd. will announce their financial results for the quarter ended December on Saturday. NTPC, India’s largest power company, is expected to see a rise in revenue to Rs 37,153.65 crore during the quarter from Rs 33,292.61 crore, according … Read more

Adani Sportsline Bags Gujarat Franchise In Maiden Women’s Premier League

Adani Sportsline Pvt., the sports arm of the diversified Adani Group, has acquired a franchise in the inaugural edition of Women’s Premier League. The Ahmedabad-based team will be called the Gujarat Giants. Adani Sportsline acquired the Gujarat Giants for Rs 1,289 crore at the auction held by the Board of Cricket Control in India in … Read more