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May 12, 2023

Deepak Nitrite: The firm’s net profit dwindled by 12% to Rs 234 crore for the quarter ended March. Revenue from operations was recorded at Rs 1,961 crore in the same period.

Siemens: Sunil Mathur was reappointed as the MD and CEO with effect from Jan 1, 2023. Daniel Spindler was appointed as the chief financial officer for one year with effect from Aug 1, 2023.

Zensar Tech: The firm reported a 55.82% hike in net profit to Rs 119.2 crore for Q4 FY23. The company also introduced a final dividend of Rs 3.5 per share for the fiscal 2023.

ONGC: The company reported findings of oil and gas reserves in Amrit and Moonga exploration blocks in Mumbai offshore on the Arabian Sea.

HDFC Bank: NCLT’s Mumbal batch admitted the insolvency plea by HDFC Bank against Eurolife Healthcare over a default of Rs 45.11 crore.

Mahindra & Mahindra: The firm reported an 18.54% YoY rise in production volumes during April at 58,644 units while sales rose 40.86% to 60,481 units compared to the corresponding months last year.

Eicher Motors: The firm reported a 48% gain in consolidated net profit at Rs 905 crore for the fourth quarter. Revenue from operations saw a 19% YoY jump to Rs 3,804 crore.

ITI: The company allotted 1.13 crore shares at Rs 94.61 apiece to the central government in lieu of a capital grant worth Rs 107 crore.