Due to conflicting global indications and declining crude oil prices, domestic equity markets are poised to start the day on solid ground. The SGX Nifty Futures indicated 16,990 levels at 7:05 a.m., up 50 points.
Q2 Results
The September quarter results (Q2FY23) will be announced by HCL Technologies, Wipro, Sterlin & Wilson, Nxtdigital, Mangalam Industrial, Artson Engineering, and National Standard on Wednesday, October 12.
Interglobe Aviation
Flights between Mumbai and Istanbul will begin early in the following year thanks to the airline. According to the airline, reservations have already started to be made for these flights. The higher frequencies and new routes will improve communication between Turkey and India as well as other countries.
Infosys
President of the IT giant, Ravi Kumar S, submitted his letter of resignation to the business. Over the course of almost twenty years, Kumar led Infosys’ Global Services Organization across all market sectors.
Suzlon Energy
The company declared that it has received a development order for 144.9 megawatts (MW), consisting of Aditya Birla Group wind power projects. Around 69 wind turbine generators with a Hybrid Lattice Tubular tower and a rated capacity of 2.1 MW each are being installed by Suzlon.
Inox Leisure
The multiplex network signed an agreement with the International Cricket Council (ICC) to stream live all of India’s Men’s T20 World Cup 2022 matches in its theatres. The first match, which Team India will play on October 23 versus Pakistan, will be followed by the semifinals and the championship game.
Power Grid
In a special purpose vehicle (SPV) created to establish an interstate transmission project for the eastern and north-eastern regions, the state-run power goliath fully acquired equity. The SPV was purchased for around Rs 7.04 crore, which includes 50,000 equity shares at par, valued at Rs 10, as well as the company’s assets and liabilities.
L&T Finance Holdings
The sale of the company’s entire interest in subsidiary L&T Investment Management to HSBC Asset Management gained approval from Sebi (India). The business added that with this approval, all required steps are being done to guarantee that the proposed deal is completed.
Commercial Syn Bags
The board will review a proposal for the issuing of bonus shares on October 22. The increase in the company’s authorised share capital will also be taken into consideration by the board.
Genesys International
The Andhra Pradesh government gave the business an order for the land titling project worth Rs 46 crore. The goal is to complete the project by the end of FY23.
Delta Corp
The casino operator recorded a quarter-over-quarter profit gain of 19.5% to Rs 68.25 crore for Q2FY23. Meanwhile, revenue increased 8% QoQ at Rs 270 crore. With this, the business outperformed its pre-Covid figures and experienced significant growth.
REC
All of the state-owned company’s shares in ER-NER Transmission, as well as all of its assets and liabilities, were transferred to Power Grid Corporation of India at par value. In a tariff-based competitive bidding process, Power Grid was chosen as the winning bidder to create a transmission system to evacuate power from the ER-NER SEZ.
Stocks in F&O Ban
On Wednesday, October 12, businesses Delta Corporation, Indiabulls Housing Finance, and India Cements were barred from participating in the F&O prohibition period.
