SBI Card: SBI Card is in the process of enrolling “delinquent” customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments
UCO Bank: UCO Bank has not been able to make an analytical study of its asset quality even after the end of the loan repayment moratorium period on Aug 31, heeding a Supreme Court directive that no accounts shall be downgraded for now.
Dilip Buildcon: Highways builder Dilip Buildcon Ltd (DBL) is in talks with large global financial investors to sell seven of its road projects.
Vodafone Idea: Telecom operator Vodafone Idea has become the co-presenting sponsor of the upcoming Dream11 IPL 2020, scheduled to commence from September 19, the company said.
Rail Vikas Nigam: Rail Vikas Nigam Ltd (RVNL) reported a 20.60 per cent decline in its consolidated net profit to Rs 140.98 crore for the quarter ended on June 30, 2020. Its total consolidated total income for the quarter under review rose to Rs 2,967 crore as against Rs 2,898 crore in the year-ago period.
Tata Motors: The company’s approach to achieve a near net debt zero target by FY24, is primarily pivoted on revenue improvement, cost-cutting, and capex control plans laid out for four key businesses (including NBFC), said PB Balaji, Chief Financial Officer (CFO) – Tata Motors at a recent meeting hosted with a group of investors.
Deepak Fertilisers: Deepak Fertilisers and Petrochemicals Corporation Ltd said its board has approved an issue price of Rs 133 per share for the company’s proposed sale of shares through a rights issue. In May, the board had approved the company’s proposal to raise up to Rs 180 crore through a rights issue.
Garware Technical Fibres: Garware Technical Fibres (formerly Garware-Wall Ropes) reported a 40.3 per cent decline in its consolidated profit after tax for the first quarter of this financial year at Rs 17.7 crore. Net sales of the company during the quarter under review declined to Rs 152.4 crore as compared to Rs 232.3 crore in the year-ago period.
Adani Green Energy: The company said it has tied up with around 10 international banks to diversify construction finance portfolio for its ongoing and future projects. The company — which has a portfolio of 14 GW of operating, in- construction and awarded wind and solar parks — is aiming to commission renewable capacity of 25 GW by 2025.
Piramal Enterprises: The Competition Commission of India (CCI) said it has approved acquisition of 20 per cent stake in Piramal Pharma by US-based global investment firm Carlyle Group Inc.
Canara Bank: Canara Bank said it has raised Rs 1,012 crore by issuing Basel III compliant bonds. The bank said it has issued a total of 10,120 non-convertible, perpetual, taxable, subordinated, fully paid up, unsecured bonds carrying coupon rate of 8.30 per cent.