Shares of Reliance Industries (RIL) and Just Dial will be in focus. RIL through its retail arm Reliance Retail Ventures (RRVL) announced that it is acquiring a majority stake of 66.95% in local search engine company Just Dial for Rs 3,497 crore.
HDFC Bank reported 16.08% rise in standalone net profit to Rs 7,729.64 crore on 6.73% increase in total income to Rs 36,771.47 crore in Q1 FY22 over Q1 FY21.
Shares of GR Infraprojects will debut on the bourses today, 19 July 2021. The issue price was fixed at Rs 837 per share.
Shares of Clean Science & Technology will debut on the bourses today, 19 July 2021. The issue price was fixed at Rs 900 per share.
Den Networks Q1 PAT tumbles 30% YoY to Rs 41 cr business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Den Networks consolidated net profit surged 50.5% to Rs 33.89 crore on a 0.5% decline in net sales to Rs 326.23 crore in Q4 FY21 over Q4 FY20.
On a consolidated basis, subscription revenues fell 15% to Rs 190 crore and activation revenues surged 63% to Rs 34 crore in Q4 FY21 over Q4 FY20.
EBITDA rose 2% to Rs 65 crore in Q4 FY21 from Rs 64 crore in Q4 FY20. EBITDA margin stood at 20% in Q4 FY21 over 19% in Q4 FY20. As on Q4 FY21, cash and cash equivalents stood at Rs 2,394 crore.
During the year ended 31 March 2019, Den Networks allotted on preferertial basis 28.14 crore equity shares of Rs 72.66 each, at a premium of Rs 62.66 per share aggregating to Rs 2,045 crore. The proceeds of peferential allotment amounting to Rs 2,045 crore have been temporarily invested in liquid mutual funds and fixed deposits, pending utilisation for same.
Cable TV subscription revenue stays mostly flat in Q3, broadband biz grows faster indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
Read more about Sensex tanks 549 pts, Nifty closes below 14,450 mark; IT shares drag on Business Standard. Domestic equity benchmarks declined sharply on Friday, led by broader selling pressure. IT, pharma and PSU banks declined sharply. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. Global cues were negative as