By Malvika Gurung
Investing.com -- Delta Corp (NS:DELT): The gaming and hospitality corporation has approved the appointment of bankers, advisors and other intermediaries by subsidiary Gaussian Networks. The company reported a jump in consolidated profit of almost 5,400% YoY to Rs 70.38 crore in the Dec-ending quarter and a 104% surge in revenue to Rs 247.22 crore.
UltraTech Cement (NS:ULTC): The cement maker will commission Line II of the Bara Grinding Unit in Uttar Pradesh, with a cement capacity of 2 million tonnes per annum.
DLF (NS:DLF): The real estate developer made sales of Rs 1,500 crore through its newly-launched luxury housing project in Delhi, called ‘ONE Midtown’, consisting of 913 luxury flats.
NMDC (NS:NMDC): The state-owned mineral producer’s rating has been upgraded by foreign brokerage JP Morgan, as the company’s dividend yield is very attractive. The brokerage expects NMDC to outperform.
Federal Bank (NS:FED): Subsidiary Fedbank Financial Services’ board of directors have approved initiating the IPO process through fresh issue and offer for sale.
Pidilite Industries (NS:PIDI): LIC has increased its holding in the chemical industry company from 4.98% to 5.03% by buying 72,000 shares of the company through open market transactions on Jan 10.
Adani Power (NS:ADAN): The company has appointed Shersingh B Khyalia as its CEO w.e.f. Jan 11. The filing states that Khyalia is not related to any director of the company.
Companies including IT bellwethers TCS (NS:TCS), Infosys (NS:INFY) and Wipro (NS:WIPR), along with Indbank Merchant Banking Services (NS:IMBS), Ind Bank Housing (BO:IBNK), and Virinchi (BO:VIRC), among others will release December quarter results today.