*🌹India Daybook – Stocks in News*
Rain Industries Q4: Cons net profit up 55% at Rs 106.5 cr Vs Rs 68.81 cr, Cons revenue down 9.3% at Rs 2,897.6 cr Vs Rs 3,196.5 cr (YoY) (Positive)
Alphabet Inc.’s Google is considering acquiring a stake in Vodafone Idea, reports Financial Times. (Positive)
Reliance: Abu Dhabi state fund in talks to invest $1B in Jio Platforms - RTRS (Positive)
HCL Tech and Broadcom expand their global preferred services partnership to include Symantec enterprise security consulting (Positive)
Govt frees export of paracetamol API with immediate effect (Positive)
NIIT Technologies's Rs 337.46 crore buyback issue opens today. (Positive)
Cadila Healthcare’s formulations manufacturing unit at Baddi received an Establishment Inspection Report (EIR) from USFDA. (Positive)
NHPC: The board of directors has approved the proposal regarding diversification of business of the company by the development of Solar Power Projects (Positive)
Lupin gets US FDA nod for Azithromycin tablets. (Positive)
Railways increases advance reservation period for all special trains from present 30 days to 120 days. (Positive)
KPIT Technologies: CLS Investments LLC bought 19,99,998 shares at Rs 46.91 per share. (Positive)
India Govt, RBI to Continue to Address Liquidity, Capital Needs (Positive)
ITC Taps Into Amway’s India Reach To Launch Two New Juices: BQ (Positive)
Google Considers Stake in India’s Vodafone Idea, FT Says (Positive)
Heidelberg Cement's Q4 profit comes in at Rs 66.3 cr, up 9% on a YoY basis. EBITDA/tonne at Rs 1,168 Vs Rs 1,032 (YoY) Sales volume falls 10% At 1,090 kt Vs 1,211 kt (YoY) (Neutral)
Reliance Industries: Today is the final trading day for RIL Rights Entitlement. (Neutral)
TVS Motor Company reported a 45 percent decline in Q4FY20 net profit to Rs 74 crore while total revenue fell 20.6 percent to Rs 3,481.4 crore, YoY. (Neutral)
CEAT Ltd net profit in Q4FY20 fell to Rs 51.88 crore from Rs 64.25 crore while revenue declined to Rs 1,573.4 crore from Rs 1,760.5 crore, YoY. (Neutral)
Yes Bank: The bank will not be available for trading in Futures & Options segment from May 29. (Neutral)
Bank of India: The RBI has imposed a Rs 5 crore fine on the bank for non-compliance with its IRAC (Negative)
Karnataka Bank: The RBI has imposed a Rs 1.20 crore fine on the bank for non-compliance with its IRAC (Negative)