Tata Group stocks: Tata group stocks will be in focus after Ousted Tata Group Chairman Cyrus Mistry accused directors at India’s largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face $18 billion in writedowns because of five unprofitable businesses he inherited.
Hero MotoCorp: Two-wheeler major Hero MotoCorp on Wednesday beat Street estimates to post Rs 1,004 crore profit after tax for the September quarter compared with Rs 772 crore posted for the same quarter a year ago.
Q2 results: Some 135 companies will announce their September quarter earnings on Thursday. The list includes Maruti Suzuki, ONGCBSE 0.29 %, Tech MahindraBSE -0.72 %, ABB, MRF, PVR, TVS MotorBSE 0.65 %, Emami and Bharat Electronic, among others.
JSW Energy: JSW Energy reported 59 per cent decline in its consolidated net profit at Rs 217.39 crore for the September quarter as against a year ago due to lower power output and higher fuel costs.
Torrent Pharma: Drug firm Torrent PharmaceuticalsBSE -8.66 % reported 59.33 per cent dip in consolidated net profit to Rs 207 crore for the second quarter ended September 30, 2016.
Tata Steel : UK steelworkers’ union head Roy Rickhuss said news that Cyrus Mistry has been removed as Chairman came as a surprise.
ONGC: Iran has given an ultimatum to ONGC Videsh Ltd over development of the coveted Farzad-B gas field in the Persian Gulf even as the Oil Ministry said it hopes to conclude a deal by February next year.
IOC: The oil & gas major is expected to report a profit of Rs 3153 crore for the quarter ended September 30 compared with Rs 329 crore loss in the year-ago period.
Maruti Suzuki: India’s largest automaker is expected to report 48 per cent rise in net profit to Rs 1,815 crore for the quarter ended September 30 compared with Rs 1,225 crore reported in the year-ago period.
Noida Toll Bridge: The DND or Delhi-Noida-Direct Flyway connecting the capital to neighbouring Noida in Uttar Pradesh will be toll-free from now, which brings sweet relief to millions of commuters.