Artefact Projects, ICICI Bank and Aditya Birla Fashion and Retail to see some action today

Artefact Projects has been awarded project from National Highway Authority of India (NHAI). The project is for Independent Consultancy Services during Operation and Maintenance period of 4-lane Dual Carriage from km. 488.270 to km. 413.200 (Lucknow- Sitapur Section) of NH-30 (Old NH-24) in the State of Uttar Pradesh on Build, Operate and Transfer (BOT) basis. 

ICICI Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). The bank has reported 35.77% rise in its net profit at Rs 10,261.00 crore for the quarter under review as compared to Rs 7,557.84 crore for the same quarter in the previous year. Total income of the bank increased by 30.91% at Rs 40,697.07 crore for Q2FY24 as compared Rs 31,087.91 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported 36.08% rise in its net profit at Rs 10,896.13 crore for Q2FY24 as compared to Rs 8,006.99 crore for the same quarter in the previous year. Total income of the bank increased by 26.81% at Rs 57,292.26 crore for Q2FY24 as compared Rs 45,178.22 crore for the corresponding quarter previous year.

Aditya Birla Digital Fashion Ventures, wholly owned subsidiary of the Aditya Birla Fashion and Retail (ABFRL), has entered into Shareholders Agreement and Share Subscription Agreement for acquisition of 51 per cent stake of Styleverse Lifestyle on a fully diluted basis.

Zydus Lifesciences has received approval from the United States Food and Drug Administration (USFDA) for its New Drug Application (NDA) for ZITUVIO (Sitagliptin) tablets, 25 mg, 50 mg, and 100 mg. ZITUVIO contains active ingredient Sitagliptin, a dipeptidyl peptidase-4 (DPP-4) inhibitor indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus.

Supreme Petrochem has entered into a Power Delivery Agreement (PDA) for 12.5 MW (i.e. 17.95 MWp) with TP Saturn, a Special Purpose Vehicle (SPV) formed by Tata Power Renewable Energy (TREPL) for a 12.5 MW group captive project through the SPV and supply to company's plant at Amdoshi, Distt-Raigad, Maharashtra for a period of 25 years (with lock in period of 15 years).

Kotak Mahindra Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). The bank has reported 23.65% rise in its net profit at Rs 3,190.97 crore for the quarter under review as compared to Rs 2,580.68 crore for the same quarter in the previous year. Total income of the bank increased by 36.09% at Rs 13,507.36 crore for Q2FY24 as compared Rs 9,925.22 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported 23.64% rise in its net profit at Rs 4,461.04 crore for Q2FY24 as compared to Rs 3,608.18 crore for the same quarter in the previous year. Total income of the bank increased by 23.66% at Rs 21,559.52 crore for Q2FY24 as compared Rs 17,434.79 crore for the corresponding quarter previous year.

CFF Fluid Control has received the contract for procurement of Spares of TWA MCA 62.5 System totaling to around Rs 7.19 crore (including tax). The said order is expected to be executed by October 2024.