Stocks In News

Zomato: The company’s net loss widened to Rs 356 crore during the quarter ended June 30, 2021, against Rs 99.8 crore during the like period of the previous financial year. The total income of the company stood at Rs 916 crore during the quarter under review. This was a massive jump from a revenue of Rs 283.5 crore it reported in the year-ago period.

IndusInd Bank: Chief executive Sumant Kathpalia said the lender will be able to cover its exposure to troubled telco Vodafone Idea. The bank’s exposure to Future group is not very large, he said, adding that the company is already restructured and there are no payments due till March 2022.

Mahindra and Mahindra:The Indian automaker said on Tuesday it was Inspecting and replacing fluid pipes in some of its pickup trucks made between January 2020 and February 2021 for suspicion of improper assembly. The inspection and replacement is limited to 29,878 vehicles.

Vedanta: Group chairman Anil Agarwal on Tuesday said that the company is committed to bringing in future investments of up to $20 Billion across its businesses. Agarwal was addressing the shareholders during the 56th Annual General Meeting of the company.

Welspun India:The company has set aside₹600 crore capex this fiscal for expansion projects, as it expects the top line to grow by more than 15% in FY22 driven by expanded capacities and buoyant customer demand.

Financial Earnings: Cadila Healthcare, Aptech, Aries Agro, Ashiana Housing, Aster DM Healthcare, Antony Waste Handling Cell, Bajaj Electricals, Bata India, BF Utilities, Birla Cable, Bharat Road Network, CESC, CreditAccess Grameen, Cummins India, Endurance Technologies, Equitas Holdings, Force Motors, Greaves Cotton, HEG, IDFC, India Cement, Kolte-Patil Developers, Lemon Tree Hotels, Novartis India, Pidilite Industries, PNC Infratech, Rupa & Company, Take Solutions, VIP Industries, and VA Tech Wabag.