Fri, Feb 2, 2024 2:34 PM
Budget announcements reflect government’s confidence of continuity
A Flip by Avya Verma
Leading wind energy solutions provider Inox Wind flagged that the company may not be interested in acquiring Siemens's wind unit Gamesa, despite having evaluated it, whole-time director Devansh Jain said in a post-earnings call with analysts. When asked about the group's interest in the renewable energy firm, Jain emphasized that the group follows a conservative approach to capital allocation.
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Dr Reddy's Laboratories is slated to release its Q2 earnings report on November 5. While its sales in the US generics market is expected to remain stable, pressure on margins is likely to drag its net profit lower. According to a Moneycontrol poll of 11 brokerages, the profit is pegged at Rs 1,397 cr, reflecting a near 6% de-growth from Rs 1,480 cr that it reported in the same period last fiscal.
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HDB Financial Services Ltd, the non banking finance company (NBFC) of HDFC bank has filed a draft red herring prospectus (DRHP) for a Rs 12,500 crore initial public offer, the largest by a NBFC in India. The issue will include a fresh issue of shares aggregating up to Rs 2,500 crores and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, people familiar with the issue said.
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