Escorts: The farm machinery and construction equipment major said it would increase tractor prices with effect from November 21 in order to offset the rise in commodity prices. Escorts Agri Machinery (EAM), a division of the company, shall be increasing the prices of its tractors effective November 2021.
Apollo Tyres: The tyre maker is taking a price hike of 3-5 per cent in the domestic market in the third quarter of this fiscal to offset the impact of rising commodity prices, which if continue to remain high, may compel it to take a similar increase in the fourth quarter.
Macrotech Developers: The realty firm has raised Rs 4,000 crore through sale of shares to institutional investors, according to sources. The company on Monday launched the Qualified Institutional Placement (QIP) to raise funds.
Ashok : The
group flagship firm is working on hydrogen-powered commercial vehicles and a team is currently engaged in developing them. For the time being, the company would stick to the Rs 750 crore earmarked for taking up the capital expenditure plan this financial year.
Computer Age Management Services: The technology-driven financial infrastructure and services provider has reported a consolidated profit for the quarter ending September 30, 2021 at Rs 72.55 crore against Rs 48.95 crore during the corresponding quarter last year.
Ruchi Soya Industries: The Baba Ramdev-led firm posted a 29.62 per cent jump to Rs 164.27 crore for the second quarter of the financial year 2021-22, on robust sales. The company had posted a net profit of Rs 126.73 crore in the corresponding quarter of the previous fiscal.
Bosch: The auto components major said its Joint Managing Director and CFO S C Srinivasan has resigned citing personal reasons.
HCC, : A consortium of the two companies has won a contract worth Rs 1,309 crore from the Chennai Metro Rail Ltd. The contract is for the construction of 11.61 kilometres of elevated viaduct section and eleven elevated stations on Corridor 5 of phase II of the Chennai Metro.
Phoenix Mills: Canada Pension Plan Investment Board through its entity CPP Investment Board Private Holdings (4) Inc to invest up to Rs 1,350 crore in multiple tranches in company’s subsidiary Plutocrat Commercial Real Estate (PCREPL) against 49 percent stake.
& Power: The company reported higher consolidated profit at Rs 9.36 crore in Q2FY22 against Rs 6.54 crore in the same quarter previous year.
reaffirmed the long term rating at AA+ and short term rating at A1+ for Rs 1,000 crore bank working capital facilities of the company. The outlook on the long-term rating is revised to Stable from Negative. ICRA assigned short-term rating at A1+ for Rs 300 crore commercial paper programme of the company.
Balaji Telefilms: The entertainment firm and production house said it is seeking approval from its shareholders for payment of reduced remunerations to its Managing Director Shobha Kapoor and Joint Managing Director Ekta Kapoor, with an earlier proposal having been rejected.
IL&FS Engineering: The engineering arm of the troubled IL&FS Group reported narrowing of consolidated net loss to Rs 6.55 crore for the quarter ended September 2021. Ithad reported a total consolidated net loss after exceptional items and tax at Rs 73.16 crore for the corresponding quarter of the previous fiscal.
Foods & Inns: The company has obtained approval from National Stock Exchange of India for listing of its equity shares on NSE’s trading platform.