* Vedanta: The company plans to raise ₹8,500 crore through equity or debt and declared an interim dividend that will cost ₹4,089 crore. The company will issue a dividend of ₹11 per share. The company also announced an investment in its Saudi Arabian unit, Vedanta Copper International Ltd (VCI), for setting up a continuous cast copper rod plant.
* Vodafone Idea: They reported a consolidated net loss of Rs 7,675 crore for the quarter ended March 2024, which was higher than Rs 6419 crore a year ago.
* HAL: The company’s profit up by 52.2% year-on-year to ₹4,308.7 crore. It delivered an EBITDA margin of 40% for the March quarter of the financial year 2024.
* Biocon Ltd: They reported a 57% fall in its consolidated net profit at Rs 135 crore in the fourth quarter. It was Rs 313 crore in the last year period.
* Wipro: The company’s former CEO, Thierry Delaporte, has sold shares worth ₹34.5 crore over the past month, taking his total earnings since he resigned from the company on 6 April to ₹70.63 crore, or about $8.5 million.
* Endurance Technologies: The company’s net profit rose by 54% to ₹210 crore YoY, and revenue increased by 20.1% to ₹2,685 crore.
* Dixon Technologies: The company has entered into a Memorandum of Understanding (MOU) with Acerpure for manufacturing consumer appliance products. The company will manufacture Acerpure products in its facilities starting with TVs, subject to the signing of definitive agreements.
* Reliance Retail: They have entered into a long-term partnership with the UK’s online fashion retailer ASOS for retail experiences for Indian consumers.
* Varanium Cloud: Sebi has imposed an immediate ban on technology company Varanium Cloud and its promoter and managing director, Harshawardhan Hanmant Sabale, following investigations into alleged misuse of IPO proceeds.
* HCL Infosystems: The company has won the arbitration case against ITI Ltd, concerning the recovery of dues related to the commissioning of telecom networks for BSNL and MTNL. The final arbitration award brings relief in the form of a monetary award amounting to approximately ₹150 crore.
* Adani Ports: Norway’s Norges Bank has decided to exclude Adani Ports from the Government Pension Fund due to unacceptable risk.
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