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Titan Ltd registered revenue growth of 22 percent YoY for Q3CFY. Its jewellery business grew 23 percent and watches & wearables division 21 percent but the eyecare business declined 3 percent YoY.
Godrej Consumer Products said the operating environment in India for Q3FY24 continued to remain similar to Q2. Despite this, the organic business delivered steady underlying volume growth of mid-single digits. Growth was broad-based across both home care and personal care.
Marico said the consolidated revenue declined in low single digits in Q3FY24 YoY. International business delivered mid-single digit constant currency growth amidst transient macro headwinds in the Bangladesh market, while domestic volumes grew in low single digits YoY with a slight sequential improvement in core portfolio.
Jupiter Wagons has received a contract worth Rs 100 cr from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of double decker automobile carrier wagons.
Tata Steel announced its provisional production and delivery volumes for Q3CFY. India's production volume grew 6.4 percent YoY to 5.32 mt (million tonnes) and delivery volumes increased 3 percent to 4.88 mt, while Tata Steel Netherlands' production volume fell sharply by 23 percent YoY to 1.17 mt and delivery volumes dropped 7.86 percent to 1.29 mt.
Bank of Baroda's global business grew 10.68 percent YoY to Rs 22.95 lakh cr with advances rising 13.59 percent YoY to Rs 10.49 lakh cr and deposits increasing 8.34 percent YoY to Rs 12.45 lakh cr for Q3CFY. Domestic deposits grew 6.34 percent YoY to Rs 10.67 lakh cr, while advances rose 13.4 percent to Rs 8.62 lakh cr in Q3FY24.
Union Bank of India's total business crossed Rs 20.68 lakh cr as of the December quarter, growing 10.67 percent YoY. Total advances increased by 11.44 percent YoY to Rs 8.96 lakh cr and deposits jumped 10.09 percent YoY to Rs 11.72 lakh cr as of Q3FY24.
Federal Bank: RBI has asked the bank for its succession plans. It has asked the bank to submit at least two fresh names for the roles of MD and CEO.
Adani Wilmar estimated that elevated demand from the festive and wedding seasons benefited the company in the branded oil and foods segment, and it recorded the best-ever volume during the quarter.
JSW Steel received possession of 2,678 acres of forest land from the Odisha government for setting up an integrated steel plant to have 13.2 MTPA crude steel manufacturing capacity.
Reliance Power signed an agreement with DBS Bank India in the settlement of the entire obligations concerning its borrowings.
Godrej Industries's chemical division signed a MoU with the Gujarat government to invest Rs 600 cr over the next four years.
SJVN's unit SJVN Green Energy signed a power usage agreement with Uttarakhand Power Corp. to supply 200 MW of solar power from the under-construction 1,000 MW Bikaner. The development cost of the project is Rs 5,491 cr.
Satin Creditcare entered into a co-lending agreement with Karnataka Bank to provide financial support to Joint liability groups of economically active women in both rural and semi-urban areas.
RPSG Ventures: A fire occurred at its job worker factory in UP. It is in the process of ascertaining the cause of the fire and damage.
Bhansali Engineering Polymers issued a LoA to Toyo Engineering India for front-end engineering design and capex cost estimation for the brownfield ABS expansion project.
Narayana Hrudayalaya: IRDA granted a license to the company’s unit Narayan Health Insurance to carry on the health insurance business.
BCL Industries announced an increase in the ethanol purchase price by OMCs from Jan. 5, 2024. OMCs have raised the price by Rs 5.79 per litre for maize-sourced ethanol, impacting 70% of its ethanol supply.
LIC received tax and penalty demand worth of Rs 382 cr from Gujarat tax authority for FY18 and FY19.
Oil India approved incorporating a new subsidiary for the green energy business.
Cupid will consider a stock split, a bonus issue, and a fundraiser on Jan. 23.
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