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TOP CORPORATE NEWS – 14 FEB 2020

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CORPORATE NEWS

Pfizer Q3 net profit up 5% to Rs 139cr.

Drug firm Pfizer Ltd on Friday reported a 5.39 percent rise in net profit to Rs 139.06 crore for the quarter ended December 31, 2019.The company had posted a net profit of Rs 131.94 crore for the corresponding period of the previous fiscal, Pfizer Ltd said in a filing to BSE.

Adani group, AAI ink pacts for managing three airports.

Adani Group on Friday inked agreements with the Airports Authority of India (AAI) for the management, operations and development of Ahmedabad, Mangaluru and Lucknow airports. “Today, as we sign the concession agreements for Mangaluru, Lucknow & A’bad with the AAI, its the beginning of another historic journey catering to India’s exponential airport infra demands,” Adani Group chairman Gautam Adani said in a tweet.

Vodafone Idea plunges 24% post SC dismisses review petition.

Vodafone Idea share price erased all its morning gains and slipped 24 percent intraday on February 14 after the Supreme Court (SC) dismissed the review petitions filed by the telecom companies. Supreme Court slammed DoT for staying coercive action against the telecom companies for recovery proceedings.

Yes Bank continues to gain on receiving EOIs from investors; India Ratings downgrades.

Yes Bank share price continued its upward journey on the second day with a gain of 8 percent intraday on February 14 as the company received non-binding expressions of interest from several prominent investors. In a BSE filing on February 12, the bank said J.C. Flowers & Co. LLC, Tilden Park Capital Management LP, OHA (UK) LLP (part of Oak Hill Advisors), Silver Point Capital are among the firms that have shown interest in the lender.

Jindal Poly share price gains 9% on expansion plan, good Q3 numbers.

Jindal Poly Films share price gained 9 percent intraday on February 14 after the company approved the expansion plan and reported good numbers for the quarter ended December 2019. The company board approved the expansion plans for the company’s India operation by way of investment of approximately Rs 700 crore in polyester film line – I and biaxially oriented polypropylene (BOPP) film line -9.


 

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