Axis Bank: Fair trade regulator Competition Commission of India (CCI) said it has approved the stake acquisition in Max Life Insurance Company by Axis Bank, Axis Capital and Axis Securities.
FRL, RIL: Market regulator SEBI gave a go-ahead on Wednesday to Future Group’s scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its “no adverse observation” report to the Rs 24,713-crore deal.
Aditya Birla Fashion: Competition Commission of India on Wednesday said it has approved the acquisition of 7.8 per cent minority stake in Aditya Birla Fashion by Flipkart Investments Private Ltd (FIPL).
Laurus Labs: Drug firm Laurus Labs said it has acquired majority stake in Bengaluru-based biotech company Richcore Lifesciences marking its entry into the biotechnology segment.
Bajaj Finance: The consumer lending company said its net profit declined 29% in the third quarter as loan growth remained weak and the firm had to also reverse some interest income.Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. Bajaj Finance‘s gross NPA stood at 0.55% down from 1.61% a year ago.
HDFC Asset Management Company: The AMC reported a 5 per cent increase in profit after tax at Rs 369.26 crore for three months ended December 31.
Havells India: Consumer electrical goods maker Havells India reported a 74.52 per cent jump in its consolidated net profit to Rs 350.14 crore for the third quarter ended in December 2020.
LTTS: Larsen & Toubro Technology Services posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter.
Bajaj Finserv: The company reported a 15 per cent rise in its consolidated profit at Rs 1,290 crore for the third quarter ended December. The company had posted a net profit of Rs 1,126 crore in the same period of the financial year 2019-20.
NHPC: The Union Cabinet has given its approval to an investment of Rs 5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab in Kishtwar district by a new JV company to be incorporated between NHPC and Jammu and Kashmir State Power Development Corporation (JKSPDC) with equity contribution of 51 per cent and 49 per cent, respectively.