Breaking News

Lakshmi Vilas Bank, SpiceJet, Future Enterprises, IRB Infra and Hexaware

economictimes.indiatimes.com

SpiceJet reported a net loss of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations due to the coronavirus-induced lockdown.

Nifty futures on the Singapore Exchange traded 35 points, or 0.30 per cent lower at 11,496.50 , in signs that Dalal Street was headed for a negative start on Wednesday. Here are a few stocks which may buzz the most in today’s trade:The bank said due diligence on its proposed amalgamation with mid-sized non-banking lender Clix Capital Group is “substantially complete” and the parties are in discussions on the next steps.IT firm Hexaware Technologies said market regulator Sebi has allowed extension of closure of its delisting offer to Sep 16.The budget carrier reported a net loss of Rs 600.5 crore for the first quarter ended June 30, owing to the suspension of flight operations due to the Covid-induced lockdown. It had posted a net profit of Rs 262.8 crore in the corresponding period of the previous financial year.The company reported a consolidated net loss of Rs 322.92 crore for the quarter ended on June 30.The company had posted a consolidated loss of Rs 8.59 crore in the April-June quarter a year ago, Future Enterprises Ltd (FEL) said in a BSE filing.The company’s arm has entered into a pact with NHAI for executing a stretch of Vadodara-Mumbai Expressway in Gujarat at a cost of Rs 1,755 crore. The project falls under Bharatmala Pariyojna Phase 1DTH service provider Dish TV said it has started shifting production of its set-top boxes (STBs) to India, with plans to produce 50 per cent in the country by the first quarter of 2021.The company said it has teamed up with Bharti Airtel to build an optical fibre network for the telco across 10 telecom circles. The modern optical network will enable Airtel to deliver enhanced customer experience through scalability, reduced latency, and improved bandwidth, the company said in a statement.The auditor to debt-laden tea producer Mcleod Russel has said the company’s current liabilities have exceeded its assets, flagging an “uncertainty about its ability to continue as a…

ETMarkets.com

Read full article



Source link