Reliance Industries: Jio Platform Subsidiaries will invest $ 200 million at a glance, artificial intelligence (AI) -Driven Live Live Content and Trade Platform. Singapore-based glimpse is an unonsolidated INMOBI Group unit, which is supported by Google giant technology and Silicon Valley Mithril venture funds. Google also has investments in Jio as part of Google for Indian digitization funds.
Future retail: loss of clean consolidation company widened to ₹ 1,063.36 Crore for the third quarter which ended 31 December from ₹ 846.92 loss of crore reported in the year-to-year period. Total revenue during October-December jumped 86.85% year-on-year to ₹ 2,815.68 Crore.
Vedanta Ltd.: It has partnered with Taiwan’s Foxconn, the world’s largest electronic contract manufacturer, to make semiconductors in India, because they strive to take advantage of global chip shortages and also benefit from the support of the Indian government to making chips. Vedanta will be the majority shareholder in a new joint venture with Foxconn.
Adani Enterprises: reported a 99.4% year-on-year decline in consolidated profit to ₹ 1.80 crore for the quarter that ended December. Consolidated income during the third quarter of FY22 rises to ₹ 18.963.40 Crore from ₹ 11,787.82 crore in the period last year.
Coal India: has announced a second temporary dividend ₹ 5 per share and the total payment will be ₹ 3,087 crore. This will make the government richer with ₹ 2,037.8 crore because it holds 66.1% of shares in Miner. In the first interim dividend of ₹ 9, it was announced in December, total payment is ₹ 5546 Crore and the government gets ₹ 3,667 crore.
Ongc: Project Krishna Gachna Gacin Krishna Gainvari (ONGC) Pending (ONC) is likely to be about peak oil and natural gas output in 2023-24 and will help the company to reverse the slide down in the overall production.
CIPLA LTD: Promoter Maker Cipla Ltd, Yusuf Khwaja Hamied and Mustafa Khwaja Hamied, will sell up to 2.5% of their shares in the company for institutional investors through trade blocks that can take as many as ₹ 1,849 crores, or $ 244.6 million. Cipla promoters held a 36.11% of the shares in the company on December 31.
Indusind Bank: The internal probe by lenders is said to have found procedural irregularities by its subsidiaries which are fully owned by Bharat Financial Inclusion (BFIL) in loan expenditures to microfinance borrowers at the peak of a pandemic. Deloitte India, who conducted an external review of this problem, is likely to submit its report within a week.
SpiceJet Ltd: The Budget Carrier Council will meet on February 15, consider and approve third-quarter revenues. The meeting was scheduled earlier on Monday. The decision to postpone the meeting was taken after the Audit Committee meeting on February 14 to approve the third quarter’s financial results remained ‘inconclusive’ and postponed until Tuesday.
Jet Airways: Jet Airways, who worked to continue the operation based almost three years ago, will accept ₹ 50 crore as a deposit between companies from companies owned by Jalan Group for a certain fee. Plan of Murari Resolution Lal Street and Florian Fritsch Consortium for the bearer on earth was approved by the National Company Licial Court in June 2021 with the process of resolving bankruptcy.