Titan
The jewelry business recorded a 4% year-on-year decline in revenue due to the high basis impact and volatility in the price of gold, which hurt end-consumer demand
Watch division grew 12% year-on-year and improved in challenging business environment with sales up across all offline channels
Eye division grew ~5% YoY driven by network expansion and recent innovation
Godrej Consumer
India expected to record near double-digit sales growth entirely driven by price
Indonesia expects lower sales of High Teen due to a strong base and reduced covid-led tailwinds that had led to exceptional growth in the Hygiene portfolio
Africa 7th consecutive quarter of double-digit sales growth in constant currency
HDFC Bank
Board meeting on April 16 to consider raising funds up to Rs 50,000 crore via bonds
IDFC
Sell the AMC business to a consortium including Bandhan Financial, GIC and ChrysCapital for Rs 4,500 cr
Macrotechnics
Q4 Presales Rs 3456 crore vs Rs 2531 crore, up 37% YoY
Co announces the best quarterly performance in its history
Q4 collections Rs 2,843 crore vs Rs 2,089 crore, up 36% YoY
India’s net debt down to INR 9,310 crore
GLI
The price of CNG at Delhi NCR has been increased by an additional 2.50 Rupees.
Now GNC in Delhi is Rs 69.11
Total increase of Rs 9.1/kg in April
Tata Group Shares
Aunty Neu,
7.47 crore shares offered at a price range of Rs 270.5-290.9 – max. 7% discount
Kotak Securities, Sole Broker in the Deal
Sale of stocks to achieve an overall ownership position more in line with the fund’s portfolio construction approach
Upon completion of the transaction, Invesco will own at least 11%
Belief that the potential deal between Zee and Sony India has great potential