Maruti Suzuki, IRCTC: Maruti Suzuki, IRCTC, Pidi Light Industries, Indus Towers, InterGlobe Aviation, Lupine, Colgate Palmolive, United Breweries, Bharat Electronics, IDBI Bank, Laurus Labs, Aarti Industries, AU SFB and Shriram Transport are companies that will announce their December quarter results on Thursday.
Axis Bank: The country’s third largest private sector lender Axis Bank On Wednesday, the December quarter consolidated net was 1,334 chlores, down 29%, reporting a surge in non-performing assets from the retail side.
HUL: Fast-moving consumer goods giant Hindustan Unileaver has raised the price of skin cleansing products by 2.5% to avoid inflationary pressure, company executives said.
Quess Corp: The company reported that net income fell 39% to Rs 46 in the quarter to December. The largest private sector staffing company reported a decline of nearly 5% in revenue of Rs 2808 in the third quarter.
SBI Card: Ashwini Kumar Tewari, Managing Director and CEO, has resigned following his appointment as state MD. Bank of India..
ICICI Prudential: Private life insurers reported that for the three months to December, a tax increase that curbed significant return on investment resulted in a net profit increase of only 1.3% to R30.6 billion. However, management said higher tax spending is expected due to the change in dividend distribution tax last year.
Union Bank: State-owned Union Bank of India It said it would raise Rs 205 by issuing Basel III compliant bonds later this week. The Union Bank of India said in a regulatory filing that it issues Basel III-compliant perpetual bonds on a private placement basis in the nature of corporate bonds.
HCL Tech: HCL Technologies, a leading IT services company, said it has partnered with the University of California, Berkeley to establish the Health Technology Collaborative Laboratory (CoLab).
United Spirits: Diageo-managed liquor maker United Spirits reported a 20.82 percent increase in consolidated net income for the third quarter, which ended in December 2020, at Rs 280.3.
Bank of India: The State Bank of India said Wednesday that it had raised 750 rupees by issuing Basel III compliant bonds. “The Bank of India raised 750 rupees on a private placement basis on January 27, 2021 through an additional Tier 1 (AT-1) bond compliant with Basel III,” the bank said in a statement.
Canara Bank: State-owned Canara Bank Increased provisioning is reported to reduce standalone net income to 696 rupees by 9%.
Hero MotoCorp: Japan’s largest motorcycle manufacturer Hero MotoCorp He said he would soon start operations in Mexico in line with its global expansion strategy.
JK Paper: JK Paper reported that consolidated net income for the third quarter, which ended in December, fell 51% at Rs 64.59. The company posted a net profit of Rs 131.85 in the October-December quarter a year ago, the JK Paper said in a regulatory filing.
Axis Bank Stocks: News Stocks: Axis Bank, Maruti Suzuki, IRCTC, Lupine, HUL, IndiGo
https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-axis-bank-maruti-suzuki-irctc-lupin-hul-and-indigo/articleshow/80491102.cms Axis Bank Stocks: News Stocks: Axis Bank, Maruti Suzuki, IRCTC, Lupine, HUL, IndiGo