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Paytm, BHEL, Sun Pharma, and JK Tyre are stocks to watch.

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2 years ago

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Paytm, BHEL, Sun Pharma, and JK Tyre are stocks to watch.

Paytm: On Friday, digital financial services firm One97 Communications, which operates under the Paytm brand, reported a 761.4 crore consolidated loss for the quarter ended March 2022, owing to an increase in payment processing charges and employee benefit expenses.

BHEL: State-owned engineering firm BHEL returned to profitability on Saturday, posting a consolidated net profit of 912.47 crore in the March quarter, boosted by higher revenue. According to a regulatory filing, the company had a consolidated net loss of 1,036.32 crore in the previous quarter.

Mortgage lender Indiabulls Housing Finance Lower credit costs and higher profit from its co-lending business helped Indiabulls Housing Finance Company increase profit after tax (PAT) by 11.23 percent to 307 crore in the fourth quarter ended March 2022.

Sun Pharma is a pharmaceutical company. Following a customer complaint, Sun Pharma is recalling approximately 10,500 bottles of a generic drug used to treat major depressive disorders in the United States.

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PGCIL: The state-owned Power Grid Corporation of India Ltd increased its consolidated net profit by 18% to Rs 4,156.44 crore in the March 2022 quarter, owing to higher income. Power Grid Corporation of India Ltd (PGCIL) reported a consolidated net profit of 3,526.23 crore in the previous quarter in a BSE filing.

According to a company official, auto component manufacturer Wheels India has planned to invest about 155 crore in the current financial year to expand its construction equipment and aluminium wheels business.

Amara Raja Batteries: In the fourth quarter ended March 2022, Amara Raja Batteries Ltd reported a 47.80% drop in consolidated net profit to 98.85 crore. Amara Raja Batteries Ltd reported a net profit of 189.38 crore for the January-March period last year in a regulatory filing.

Arvind SmartSpaces: For the quarter ended March, real estate firm Arvind SmartSpaces reported a two-fold increase in net profit at 14 crore. In the previous year, it made a profit of 6.6 crore.

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JK Tyre & Industries reported an 80% drop in consolidated net profit for the fourth quarter ended March 31, 2022, to Rs 38.22 crore, owing to higher expenses primarily due to rising input costs.

Karur Vysya Bank: Karur Vysya Bank, based in South India, reported a more than two-fold increase in net profit to 213.47 crore in the March 2022 quarter, owing to a decrease in bad loans. In the same quarter of the previous fiscal, the bank made a net profit of 104.37 crore.

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

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2 weeks ago

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October 10, 2024

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.

Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.

Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.

Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.

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The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.

BCCI’s tribute

Additionally, the BCCI issued a statement about his demise.

“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.

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His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.

Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.

Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.

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