Stocks in News
HCL Technologies: The company completed acquisition of 51% stake in German IT Consulting Company, Gesellschaft für Banksysteme GmbH (GBS).
Ujjivan Small Finance Bank: Gross loan book increased 22% YoY to Rs 16,600 crore, and disbursements rose 120% YoY to Rs 4,800 crore, while total deposits jumped 34% to Rs 15,600 crore in Q3FY22.
Anand Rathi Wealth: The company has declared an interim dividend of 100%, i.e. Rs 5 per equity share, for FY22. The company reported consolidated profit at Rs 32.03 crore in Q3FY22 against Rs 13.12 crore in Q3FY21 and revenue jumped to Rs 105.69 crore from Rs 68.08 crore YoY in the same period.
Reliance Industries: Dunzo, India's leading quick commerce player, has raised $240 million in its latest round of funding. The investment was led by Reliance Retail Ventures, with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of $200 million, Reliance Retail will own 25.8% stake in Dunzo on a fully diluted basis.
Godrej Consumer Products: At a consolidated level, the company expects to deliver close to high single-digit sales growth in Q3FY22. On the profitability front, it expects quality of profits to improve with sequentially expanding gross margins, however, lower on a year-over-year basis due to unprecedented cost inflation.
Titan Company: Jewellery business grew by 37% in Q3FY22 YoY, watches & wearables increased by 28%, eye wear by 27% and other businesses grew by 44%.
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