Hero MotoCorp Q2 (Consolidated YoY)

Profit grows 14.2% to Rs 1,203.5 crore Vs Rs 1,053.8 crore. Revenue increases 10.8% to Rs 10,463.2 crore Vs Rs 9,445.4 crore. EBITDA jumps 14.1% to Rs 1,515.9 crore Vs Rs 1,328.3 crore.

Reliance Industries

Reliance Industries, Viacom18, and Disney announced that the merger of the media and JioCinema businesses of Viacom18 into Star India has become effective, following approvals from the NCLT Mumbai, the Competition Commission of India, and other regulatory authorities. RIL has invested Rs 11,500 crore into the joint venture (JV) to support its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The JV will be led by three CEOs who will guide the company into a new era of ambition and disruption. Nita Ambani will serve as the Chairperson of the JV, with Uday Shankar as Vice Chairperson.

ACME Solar Holdings

The company's subsidiary, ACME Sun Power, has secured a Rs 3,753 crore term loan financing from REC for the development and construction of 320 MW of Firm and Dispatchable Renewable Energy (FDRE) projects in collaboration with SJVN, in Rajasthan and Gujarat.

Hindustan Zinc

The world’s second-largest integrated zinc producer has been awarded a composite license for a gold mining block in Rajasthan through state government auctions. The company has been declared the preferred bidder for the Dugocha gold block.

Cyient

The company has announced the expansion of its partnership with Allegro MicroSystems Inc to develop next-generation magnetic sensors and power semiconductor products for the automotive industry.

Adani Total Gas

GAIL India has announced a further 13% reduction in the allocation of APM gas to the company, effective November 16. This reduction applies across the city gas distribution (CGD) industry and is expected to have an adverse impact on the company's profitability. The company will adjust retail prices for consumers to mitigate the impact of the lower allocation, while continuing to provide uninterrupted gas supply to its consumers.

Indraprastha Gas

GAIL India, the nodal agency for domestic gas allocation, has announced a further reduction in the domestic gas allocation to Indraprastha Gas, effective November 16. The revised allocation is approximately 20% lower than the previous allocation, which is expected to have an adverse impact on the company's profitability.

Nureca

The company has entered into a Distribution Agreement to make its products available on Zepto, a quick-commerce platform in India. Based on ongoing business discussions, it is anticipated that the volume of orders and sales on this platform may exceed the materiality threshold in upcoming quarters.

Glenmark Pharma Q2 (Consolidated YoY)

Profit stands at Rs 354.5 crore Vs loss of Rs 180.3 crore. Revenue increases 7.1% to Rs 3,433.8 crore Vs Rs 3,207.4 crore.

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