Morning Business News Headlines
-> Grasim Industries reported a lower standalone profit at Rs 360.2 crore in Q2FY21 against Rs 526.5 crore, revenue declined to Rs 3,438.2 crore from Rs 4,795.1 crore YoY. The board approved the sale of fertiliser operations to Indorama for Rs 2,650 crore.
-> Mahanagar Gas reported a lower profit at Rs 144.3 crore in Q2FY21 against Rs 270.6 crore, revenue fell to Rs 549 crore from Rs 861.5 crore YoY.
-> Eicher Motors reported a lower profit at Rs 343.3 crore in Q2FY21 against Rs 572.7 crore, revenue declined to Rs 2,133.6 crore from Rs 2,192.5 crore YoY.
-> Rakesh Jhunjhunwala’s Rare Enterprises picks up 1.1per cent stake in Indiabulls Real Estate.
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-> Punjab & Sind Bank narrows net loss at Rs 401 cr in September quarter.
-> Reliance Industries to invest up to $50 million in Breakthrough Energy.
-> Infibeam Q2 net falls 35per cent to invest in So Hum Bharat Digital Payments.
-> Grasim Industries Q2 net profit increased 3.30per cent at Rs 1,521.40 crore.
-> Sun TV Q2 net down 5.6per cent to Rs 346 cr even as subscription revenues rise 14per cent.
-> Grasim Industries to sell fertiliser biz to Indorama Corp for Rs.2,649 crore.
-> TCS acquires Pramerica Technology Services from Prudential Financial.
-> Govt infuses Rs 6,000 cr in NIIF debt platform to increase infra funding.
-> FM Sitharaman announces Rs 65,000-crore fertiliser subsidy for farmers.
-> FM announces Rs 18,000 crore additional outlay for urban housing scheme.
-> EXIM Bank to get Rs 3,000 crore for Lines of Credit for project exports.
FII and DII data
FII & DII TRADING ACTIVITY: 12 November
*FII bought Rs. 1,514.12 crore
*DII sold Rs. 2,239.43 crore
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