HPCL, Bharti Airtel and NBCC (India) to see some action today

Hindustan Petroleum Corporation (HPCL) has raised Rs 1800 crore through the allotment of Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures of Rs 10,00,000 each on private placement basis on July 15, 2022 for funding of refinancing of existing borrowings and/or funding of capital expenditure of the Issuer, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Issue.

Bharti Airtel (Airtel) has completed successful trial of India’s first 5G Private Network at Bosch Automotive Electronics India (RBAI) facility in Bengaluru. Airtel’s on-premise 5G Captive Private Network was built over the trial 5G spectrum allocated by the Department of Telecom (DoT). Airtel has implemented two Industrial grade use cases for quality improvement and operational efficiency at Bosch’s state of the art manufacturing facility, utilising the trial spectrum. In both the cases, 5G technology such as mobile broadband and ultra reliable low latency communications drove automated operations ensuring faster scale up and reduced downtimes.

NBCC (India) has decided to settle with all the homebuyers/allottees of ‘NBCC Green View Apartment’ at Gurugram, by way of buy-back of their flats/units and to do all such acts, deeds and things, necessary, incidental & ancillary to give effect to the same.

Crompton Greaves Consumer Electricals has received approval to raise Rs 600 crore through secured, rated, listed, redeemable, Non- Convertible Debenture (NCDs) on Private Placement basis. The board of directors at its meeting held on July 15, 2022 has approved the same.

Oberoi Realty has reported results for first quarter ended June 30, 2022. The company has reported 4- fold jump in its net profit at Rs 196.70 crore for the quarter under review as compared to Rs 46.19 crore for the same quarter in the previous year. Total income of the company reported over 3- fold jump at Rs 403.65 crore for Q1FY23 as compared Rs 110.65 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported over 4-fold jump in its net profit at Rs 403.08 crore for the quarter under review as compared to Rs 80.63 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 934.81 crore for Q1FY23 as compared Rs 294.77 crore for the corresponding quarter previous year.

Union Bank of India has launched an Industry-first, dedicated, women-focused Committee EmpowerHer as part of its flagship HR initiative ‘Prerna’. The program aims to promote women’s career trajectory and improve diversity in the bank by navigating through existing biases and challenges.

Karnataka Bank has signed Memorandum of Understanding (MoU) with JCB India, a manufacturer of earthmoving and construction equipment in India. The tie up arrangement with JCB India is expected to boost the lending avenues under the Bank's MSME portfolio.