Hero MotoCorp s consolidated net profit rose 13.01% to Rs 1,019.18 crore on 37.73% rise in total income to Rs 10,032.61 crore in Q3 December 2020 over Q3 December 2019.
Vedanta said its sub-committee of board of directors of the company approved the expansion of Lanjigarh Alumina Refinery from existing capacity of 2 MTPA to 5 MTPA at a cost of Rs 3,779 crore approx. Completion of this project will place Lanjigarh Alumina Refinery as one of the world s largest single-location alumina refinery complex.
Stove Kraft will make its debut on the bourses today, 5 February 2021. The IPO of the company was sold between January 25 and 28. The issue price is Rs 385 per share.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 345.75 points or 0.68% at 50,960.04. The Nifty 50 index was up 95.20 points or 0.64% at 14,990.85. The Sensex scaled record high above 51,000 level in early trade. The Nifty also hit record high above 15,000 level.
The S&P BSE Mid-Cap index was up 0.42%. The S&P BSE Small-Cap index was up 0.55%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1382 shares rose and 670 shares fell. A total of 101 shares were unchanged.
RBI policy:
BEL enters into offset contract with JSC Rosoboronexport
February 04, 2021
Defence PSU Bharat Electronics Limited (BEL) has entered into an offset contract under invest in kind with Joint Stock Company Rosoboronexport, Russia, for setting up industrial facilities for the manufacture of a wide range of aviation hoses at BEL Optronic Devices Limited, Pune, a subsidiary of BEL.
Suresh Kumar KV, General Manager, Technology Planning, BEL, exchanged the contract documents with Vadim Belyaev, Deputy Head, Offset Division, JSC Rosoboron, in the presence of M V Gowtama, CMD, BEL and Irina Ryazantseva, Coordinator, Offset Programmes at the 6th India-Russia Military Industrial Conference, held in Bengaluru on Thursday.