Stocks in news
NTPC: The company reported sharply higher consolidated profit at Rs 4,649.49 crore in Q4FY21 against Rs 1,629.86 crore in Q4FY20. Reveneue fell to Rs 30,102.6 crore from Rs 30,390.51 crore YoY.
BHEL: CRISIL downgraded company's long-term credit rating to AA-/Negative from AA/Negative, reflecting weakening of the business and financial risk profile of the company.
ICICI Bank: Global rating agency S&P has reaffirmed ICICI Bank's rating at BBB- and has changed the outlook from negative to stable. The stable outlook reflects S&P's expectation that bank's capitalisation will remain strong over the next 24 months, despite some deterioration in asset quality owing to COVID-19.
RattanIndia Power: The company reported consolidated profit at Rs 39.28 crore in Q4FY21 against loss of Rs 511.77 crore in Q4FY20, revenue rose to Rs 862.13 crore from Rs 294.33 crore YoY.
Centrum Capital: The Reserve Bank of India gave in-principle approval to Centrum Financial Services, the established and profitable NBFC arm of the Centrum Group, to establish a Small Finance Bank (SFB). Resilient Innovations Private Limited (BharatPe), one of India's fastest growing fintech companies, will be an equal partner.
Hinduja Global Solutions: The company reported sharply higher consolidated profit at Rs 130.31 crore in Q4FY21 against Rs 44.84 crore in Q4FY20. Revenue jumped to Rs 1,563.58 crore from Rs 1,285.7 crore YoY.