Stocks in the news

Tata Motors reported a consolidated loss of Rs 314.5 crore in Q2 FY21 against a loss of Rs 216.6 crore. Revenue fell to Rs 53,530 crore from Rs 65,431 crore YoY.

Bharti Airtel reported a consolidated loss of Rs 763.2 crore in Q2 FY21 against a loss of Rs 15,933.1 crore. Revenue rose to Rs 25,785 crore from Rs 23,938.7 crore QoQ. .

ICICI Prudential Life Insurance Company reported a profit of Rs 302.46 crore in Q2 FY21 against Rs 301.84 crore YoY. Net premium income rose to Rs 8,572.2 crore from Rs 8,064.7 crore YoY.

Network18 Media & Investments reported a Q2 profit of Rs 68 crore against a loss of Rs 25 crore. Revenue came in at Rs 1,061 crore against Rs 1,174 crore YoY.

TV18 Broadcast reported higher profit of Rs 115 crore in Q2 FY21 against Rs 46 crore, revenue at Rs 1,013 crore against Rs 1,127 crore YoY.

Castrol India reported higher profit at Rs 204.6 crore in Q2 against Rs 188.4 crore, revenue rose to Rs 883.1 crore from Rs 849.2 crore YoY.

Hero MotoCorp: Announces agreements with Harley-Davidson for the Indian market. The company will sell and service Harley motorcycles and sell parts & accessories through network of Harley dealers and its existing dealership network. It will also develop and sell a range of premium motorcycles under the Harley-Davidson brand name.

ICICI Bank: The United States Securities and Exchange Commission (SEC) has concluded its investigation into the bank’s loan impairment provisions under US GAAP and that the SEC does not intend to take any enforcement action against the lender.

JSW Steel: Has completed the acquisition of Asian Colour Coated Ispat through its wholly-owned subsidiary JSW Steel Coated Products. JSWCPL has infused Rs 1,550 crore into its wholly-owned subsidiary Hasaud Steel through a mix of debt and equity as per the resolution plan. Hasaud Steel has paid Rs 1,477 crore to certain financial creditors of Asian Colour Coated Ispat and has infused Rs 73 crore into Asian Colour Coated Ispat for onward payments to operational creditors and employees.

Tata Motors: Jaguar Land Rover sets aside 90 million pounds for potential European Union fines related to its fleet exceeding carbon dioxide limits. Also, Ralf Speth has resigned as the non-executive director of the company. The new JLR CEO Thierry Bollore and Kosaraju Veerayya Chowdary have been appointed as non-executive directors.

Asian Paints: Compliance Officer has approved promoter Sattva Holding and Trading's plan to adhere to RBI guidelines. The promoter will sell 5.64 crore shares or 5.88% stake in the company between May 1, 2021 and April 30, 2022 worth Rs 500 crore. The sale will be made in tranches. The proceeds from the sale will be used for reducing debt and quantum of pledged shares.

Bharti Airtel: To exit the Ghana market. The government of Ghana will acquire 100% stake in Airtel Ghana. To take an impairment hit of Rs 184 crore.

Adani Gas: To consider raising up to $400 million through foreign currency bonds on November 3.

NACL Industries: The company's arm has acquired Gujarat Industrial Development Corporation's industrial land, which will be used to set up a green-field project to manufacture agro chemicals, active ingredients and formulations.

Delta Corporation: Sikkim casino operations to resume from November 1.

Cochin Shipyard: Signs MoU with Italy's Fincantieri for co-operation in areas of design, ship building, ship repair, marine equipment manufacturing along with training and skill development.