Vodafone Idea reported a consolidated loss of Rs 7,218.2 crore in Q2 FY21 against a loss of Rs 25,460 crore. Revenue rose to Rs 10,791.2 crore from Rs 10,659.3 crore QoQ.
TVS Motor Company reported a lower standalone profit of Rs 196.2 crore in Q2 FY21 compared to Rs 255 crore. Revenue rose to Rs 4,605.5 crore from Rs 4,347.8 crore YoY.
HPCL will consider a share buyback on November 4.
Canara Bank reported higher profit at Rs 444.1 crore in Q2 FY21 against Rs 364.9 crore. Net interest income jumped to Rs 6,296 crore from Rs 3,129 crore YoY.
Welspun Corp reported lower consolidated profit at Rs 153.8 crore in Q2 FY21 compared to Rs 161.1 crore. Revenue fell to Rs 1,157.66 crore from Rs 2,262.95 crore YoY.
InterGlobe Aviation (IndiGo) reported a loss of Rs 1,194.8 crore in Q2 FY21 against a loss of Rs 1,062 crore. Revenue dropped to Rs 2,740.9 crore from Rs 8,105 crore YoY.
Tata Group Stocks: The Mistry-family owned SP Group has proposed a plan of separation from Tata Sons. The SP Group has proposed a selective reduction of capital at Tata Sons, thereby extinguishing the shares held by them. In exchange, SP Group can be granted shares in listed companies of the group. It has also proposed cash consideration or shares for brand value, unlisted assets etc. The SP Group holds 18.37% stake in Tata Sons, which it values at more than Rs 1.75 lakh crore.
InterGlobe Aviation: To defer decision on Qualified Institutional Placement to December.
ICICI Prudential Life Insurance: Board approved raising Rs 1,200 crore via NCDs.
Aviation Stocks: Hardeep Singh Puri, Minister of Civil Aviation stated that there will be an extension of the fare-cap on airlines by another three months.
Indian Energy Exchange: Signs agreement with MCX which will enable the latter to use IEX's electricity clearing prices for settlement of its electricity derivative contracts.
Vedanta: CRISIL downgrades long-term facilities to CRISIL AA- from CRISIL AA. The outlook has been revised to stable from negative. The company will also be considering its quarterly results on November 6.
MRPL: Board approved raising up to Rs 5,000 crore via NCDs.
Zensar Tech: Board gives in-principle approval for merger of its wholly-owned arm Cynosure Interface Services with itself.
AU Small Finance Bank: Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.
Nifty Earnings Today: Indian Oil Corporation, IndusInd Bank, Reliance Industries, UPL
Non-Nifty Earnings Today: Deepak Nitrite, Dhanuka Agritech, Dixon Technologies, DLF, Edelweiss, JSPL, Just Dial, Max Financial Services, Motilal Oswal, Quess Corp, Rain Industries
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