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Asian Paints, ITC: Asian Paints, Zee Entertainment, ITC, JSW Steel, Ambuja Cement, Coromandel International and Crompton Greaves Consumer Electricals are among companies that are scheduled to announce their June quarter earnings on Friday.
Axis Bank: India’s third-largest private sector lender has picked advisers including BNP Paribas SA and Credit Suisse Group AG to manage its proposed share sale, Bloomberg reported citing people familiar with the matter.
Reliance Industries (RIL): Reliance Jio topped 4G speed chart with an average download speed of 16.5 megabits per second (mbps) in June, while Vodafone and Idea led in terms of upload speed, according to Trai data.
Wipro: The IT major will acquire Salesforce implementation partner 4C for 68 million euros, the Bengaluru-based software services exporter said on Thursday.
Cipla: Pharmaceutical firm Cipla is all set to launch Favipiravir, developed by the Council of Scientific and Industrial Research (CSIR) in a cost-effective process, for the treatment of COVID-19 patients.
Hindustan Unilever: Anglo-Dutch FMCG major Unilever, parent of India’s Hindustan Unilever said strict lockdowns in key markets, including India, have impacted its businexss growth in the first half of 2020.
SpiceJet: The airline has been designated as an Indian scheduled airline to operate services to the United States, a milestone that the airline claims is expected to help the company better chart its international expansion plans.
IndiaMART InterMESH: orges Bank on account of The Government Pension Fund Global bought 148,920 shares of IndiaMart InterMESH at Rs 2,350 per share. It is the world’s largest sovereign wealth fund.
PNB Housing Finance: Mortgage lender PNB Housing Finance said it is looking to conserve capital even as it awaits the promoter Punjab National Bank’s decision on subscribing to its proposed rights issue
Bank of Maharashtra: State-owned Bank of Maharashtra reported 25 per cent rise in net profit at Rs 101 crore for the June quarter on lower provisioning requirement in step with improvement in asset quality.
Tube Investments: Tube Investments of India has recorded a standalone net loss for the quarter ending June 30, 2020 at Rs 58.95 crore, the company said on Thursday. The Murugappa Group company had recorded standalone net profit at Rs 88.45 crore during corresponding quarter previous year.
Zensar: Mid-size IT services firm Zensar reported a net profit of Rs 73.3 crore for the quarter ended June, down 6.9 per cent over the corresponding quarter last year and revenues of Rs 991.2 crore, down 7 per cent.
Radico Khaitan: Liquor firm Radico Khaitan on Thursday reported a 19.52 per cent decrease in standalone net profit at Rs 44.07 crore for the first quarter ended June, due to disruptions caused by COVID-19.
Sterlite Technologies: The company said that it intends to double its revenue to Rs 10,000 crore by 2023, while reducing its debt-equity ratio by half to 0.5 in the same period.
HCC, Dilip Buildcon: Engineering firm Hindustan Construction Company along with its joint venture partner Dilip Buildcon has bagged a Rs 4,167.7 crore contract from the Narmada Water Resources department for design and construction of the Bhadbhut Barrage in Gujarat.
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