Jio Cable News Today

Here are the top stocks to track today: Tech Mahindra: The IT major on Monday reported net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year (YoY). On a sequential basis, the figure was down 17.4 per cent from Rs 1,309.8 crore. The company misses estimates of over 50 per cent jump in Q4 PAT. SBI Card: SBI Cards and Payment Services (SBI Card) reported a net profit of Rs 175 crore in the March quarter of FY21, up 110 per cent compared to Rs 84 cr...

Here are the top stocks that are likely to be in focus today: ICICI Bank: The private sector lender reported a nearly four-fold jump in its March quarter consolidated profit to Rs 4,886 crore as against Rs 1,251 crore in the year-ago period, and spoke of “calibrating” growth in the near term given the second wave of COVID-19 infections. HCL Technologies: The IT company on Friday posted a 6.1 per cent decline in consolidated net profit in March quarter to Rs 2,962 crore but said it is confid...

ICICI Bank reported net profit of Rs 4,403 crore in Q4-2021, up 260.61% compared with net profit of Rs 1,221 crore in Q4-2020. Total income during the quarter increased by 2.2% year-on-year (YoY) to Rs 23,953.02 crore. Provisions (excluding provision for tax) were Rs 2,883 crore in Q4-2021 compared to Rs 5,967 crore in Q4-2020. Provision coverage ratio was 77.7% at 31 March 2021. HCL Technologies reported 25.6% drop in consolidated net profit to Rs 2,962 crore on 1.8% rise in revenues to Rs 19,...

Shares of Hathway Cable and Datacom advanced 3.4 per cent to Rs 22.4 apiece on the BSE on Monday as promoter group Reliance Industries launched an offer for sale (OFS) to pare stake in the DTH firm. At 10:53 am, the stock was quoting at Rs 22 per share on the BSE, up 2 per cent, as against a 1 per cent gain in the benchmark S&P BSE Sensex. A combined 3.2 million equity shares had changed hands on the counter on the BSE and NSE till the time of writing of this report. The OFS is open for non-r...

April 26, 2021 Positive Asian markets, flattening of Covid cases lift sentiment Indian stock markets are likely to open this week positive, thanks to bullish global cues. As Covid cases are stabilising in major States such as Maharashtra, analysts are hopeful that things will come under control quickly. The SGX Nifty is ruling at 14,517 points, almost a 180-point gap up opening for Nifty futures, which on Friday closed at 14,338. Asia-pacific stocks such as Japan, Korea, China, Australia and T...

Move comes a month after Reliance offloaded 19.1 per cent stake in Hathway. 24 Apr, 2021 - 08:58 AM IST     |     By indiantelevision.com Team     NEW DELHI: Reliance Industries is preparing to sell 11.61 per cent of its stake in Hathway Cable & Datacom to comply with SEBI’s minimum public holding norms. Through offers for sale (OFS), Reliance plans to offload Hathway shares worth Rs 442 crore, bringing down its holding in the cable company to 75 per cent from 86.6 per cent earlie...

Reliance Industries (RIL)-promoted Hathway Cable & Datacom will launch an offer for sale (OFS) on Monday -- the second time in a month it will be doing so. The last OFS for Rs 853 crore was partially subscribed. This month, the company will launch a Rs 442-crore share sale, offloading 205.44 million shares, or an 11.61 per cent stake, at a floor price of Rs 21.50. Promoter group firms that will sell shares include Jio Content Distribution Holdings, Jio Internet Distribution Holdings, and Jio C...

Hathway Cable’s offer for sale opens on Monday April 23, 2021 Hathway Cable & Datacom, which recently called-off a scheme of arrangement involving Den Networks and others, is launching an offer for sale by its promoter group companies Jio Content Distribution Holdings, Jio Internet Distribution Holdings and Jio Cable and Broadband Holdings. The promoters will sell up to 20.544 crore shares, representing 11.61 per cent stake in the company, through an offer for sale, the company said in an ex...