YES Bank: Mid-sized private lender Yes Bank on Wednesday reported a 30 per cent growth in the March quarter net at Rs 914.1 crore even as exposure to a cement sector account led to a doubling of dud loans and jump in provisions. The bank’s net profit for 2016-17 came in at Rs 3,330.1 crore, up 31.1 per cent over the year-ago period.
Shalimar Paints: Smallcaps czar Porinju Veliyath-led Equity Intelligence India bought 1,00,000 shares of Shalimar PaintsBSE 5.96 % on April 19 at Rs 197.84 a share.
Reliance Industries BSE 0.08 % (RIL): The company on Wednesday announced the commissioning of its ethane gas project at its Dahej manufacturing facility in Gujarat, including the ethane receipt and handling facilities and ethane cracking, all within a record three years.
Earnings today: CrisilBSE 0.72 %, MindtreeBSE 0.36 %, MastekBSE -0.49 % and Hindustan ZincBSE 1.94 % will announce their financial results for the quarter ended March 31, 2017 on Thursday.
Sun TV: Global brokerage house CLSA upgraded Sun TVBSE 4.59 % to ‘Buy’ from ‘Sell’ and raised the target price of the stock to Rs 1,015 from Rs 661 earlier.
NPTC: State-run NTPCBSE -0.46 % today said its board has approved the proposal to increase the amount to be raised by issuing bonds in international markets to USD 6 billion from USD 4 billion.
Nalco: The first PSU disinvestment of the current fiscal took off on a strong note, with the Nalco share sale on Wednesday attracting bids worth Rs 954 crore on strong demand from HNIs and institutional buyers.
Godrej Properties: A large number of corporates, including Tatas, Godrej, Adani and Patanjali, have shown interest in buying embattled Sahara group’s 30 properties estimated to be worth about Rs 7,400 crore. Godrej PropertiesBSE 1.72 %’ Executive Chairman Pirojsha Godrej said, “We are looking at part of one of the Pune land parcels for which Knight Frank is running the bidding process. It is still at a preliminary stage.”
Videocon: According to reports, Videocon IndustriesBSE 0.10 % has asked banks to extend the loan tenure to enable the company to balance a “temporary” mismatch between its cash flow and repayments.
Nestle IndiaBSE 0.50 %, Bajaj FinservBSE 1.12 % and more: The National Stock Exchange said on Wednesday it will add 16 stocks to the futures and options segment with effect from April 28. Bajaj Finserv, NestleBSE 0.50 % India, Berger PaintsBSE 0.98 %, MRPL, NBCCBSE 3.16 %, Cholamandalam InvestmentBSE 1.90 % , Balkrishna IndustriesBSE 1.61 %, Fortis HealthcareBSE 1.25 %, Mahanagar Gas, V-Guard IndustriesBSE 3.82 %, Can Fin Homes, MCX, GodfreyBSE 2.97 % Phillips India, GSFC, , RaymondBSE 0.79 % and Balrampur Chini MillsBSE 3.19 % are the entrants to the segment.