Stocks in news: Reliance Inds, Hindustan Unilever, Titan, Bajaj Auto and Ambuja Cements

Reliance Industries: Billionaire Mukesh Ambani’s RIL is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm.

Hindustan Unilever, Titan and : Hindustan Unilever, Titan and Bajaj Auto,

, , Bajaj Holdings, Shriram Transport, AU Small Finance Bank, IndiaMart InterMesh and Laurus Labs are among companies scheduled to announce quarterly results today.

ONGC: India’s flagship oil and gas producer Oil and Natural Gas Corporation (ONGC) said it is seeking foreign partners for yet-to-be-developed fields in lesser prospective areas but is shackled by uneconomic gas prices and tax structure.

Morepen Laboratories: The drug firm Morepen Laboratories said its board has approved raising over Rs 433 crore through issue of shares to Switzerland’s private venture capital firm Corinth Investment Holdings and Liquid Holdings, a promoter group of the company, on a preferential basis

Aptech: Sebi slapped a fine of Rs 1 crore on Aptech Ltd for violating insider trading norms back in 2016. An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016.

RattanIndia Enterprises: The company said it has acquired a substantial stake in EV two-wheeler maker Revolt Intellicorp for Rs 150 crore to foray into the fast-expanding electric vehicle business.

Tata Communications: The company posted a consolidated net profit of about Rs 299 crore for the fourth quarter ended March 2021 against a loss of Rs 275 crore a year ago, while a “strong operating performance” for FY21 drove the “highest profit” in last 11 years. The company’s board has recommended a dividend of Rs 14 per share.

SIS: Security and Intelligence Services India reported a net profit of Rs 102 crore for the fourth quarter of 2020-21. The company, which is also into the cash logistics business, had earned a profit of Rs 107 crore in the corresponding January-March quarter of the previous financial year.

KPIT: Auto sector-focused software company KPIT reported a 23 per cent jump in its March quarter net profit to Rs 47.04 crore, driven by a higher profit margin. The company reported a post-tax profit of Rs 141.39 crore in FY21, compared to 146.7 crore a year ago.

Hatsun Agro Product: Dairy products-maker Hatsun Agro Product Ltd has clocked a net profit of Rs 57.13 crore for the quarter ending March 31, 2021, the company said on Wednesday. The city-based company registered a net profit of Rs 7.95 crore during corresponding quarter last year.

Indiamart Intermesh: B2B e-commerce firm Indiamart on Wednesday acquired stake in two companies, Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing.

Coforge: IT solutions provider Coforge said it has acquired 60 per cent stake in SLK Global Solutions. Earlier this month, Coforge had proposed to acquire equity share equivalent to 60 per cent of the total issued and paid up share capital of SLK Global Solutions, of which equity shares equivalent to 35 per cent were purchased on April 12.

ABB India: ABB India said it has received shareholders’ approval for Rs 5 per share dividend payout for fiscal 2020 (January-December) at its annual general meeting held on Wednesday. The proposal to declare a dividend of Rs 5 per equity share of Rs 2 each for the financial year 2020 was approved with requisite majority in the AGM, it said in a BSE filing.

Axis Bank: Public sector insurer The New India Assurance Co Ltd (NIACL) has been reclassified as a ‘public shareholder’ of Axis Bank from being a ‘promoter’ earlier, the private sector lender said on Wednesday. Last week, the country’s third-largest private sector lender had received a request from NIACL to reclassify it to public category from promoter category investor.