State Bank of India (SBI) said that executive committee of central board (ECCB) accorded approval to explore and initiate the process of divestment upto 4% of stake of SBI in SBI General lnsurance Company to a non-promoter entity through small parcel share sale (SPSS). The announcement was made after market hours yesterday, 9 August 2018.
On a consolidated basis, net profit of Eicher Motors rose 25.36% to Rs 576.18 crore on 27.24% rise in net sales to Rs 2534.29 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 9 August 2018.
In the quarter ended June 2018, Royal Enfield posted its best ever performance. Royal Enfield sold 225,286 motorcycles in Q1 June 2018, registering a growth of 23% over 183,731 motorcycles sold in the same period last year.
IDBI Bank has sold 12.50 lakh equity shares, constituting 2.5% of the paid up capital of Clearing Corporation of India on 9 August 2018. The announcement was made after market hours yesterday, 9 August 2018.
Jet Airways (India) announced that its board of directors deferred the matter of consideration of the unaudited financial results for the quarter ended 30 June 2018. It may be noted that the audit committee did not recommend the said financial results to the board for its approval, pending closure of certain matters. The announcement was made after market hours yesterday, 9 August 2018.
GMR Infrastructure announced that its subsidiary, GMR Hyderabad International Airport (GHIAL), operating Rajiv Gandhi International Airport (RGIA) is expanding terminal building, airside infrastructure and allied infrastructure to achieve 34 million annual passenger (MAP) throughput from the existing design capacity of 12 MAP. In this regard, GHIAL has issued letter of intent to award (LOIA) for construction of terminal building and airside infrastructure contracts, through international competitive bidding on L1 basis, to Larsen & Toubro for an amount of Rs 3028 crore; and Megawide Construction Corporation for an amount of Rs 980 crore. The above expansion works are expected to be completed in 42 months from the date of award. The announcement was made after market hours yesterday, 9 August 2018.
Zensar Technologies said that its board has approved 10 September 2018 as record date for ascertaining entitlement to sub-divided shares. The announcement was made after market hours yesterday, 9 August 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
