Ebitda
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Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower
•Vedanta is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in fiscal 2021.
Dr Reddy's Q4 profit jumps 76% to Rs 764 cr on higher sales in US, Europe; revenue up 10% at Rs 4,432 cr
•Dr Reddy's said various initiatives have been undertaken to ensure that our manufacturing-related operations continue unabated enabling it to serve the patients.
Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's
•On 18 May, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL's open offer.
Adani Gas Q4 profit up 61% at Rs 122 cr; pandemic impacts current demand for CNG, PNG from industrial segment
•Adani Gas said it will ensure that during this period of crisis, the supply of PNG and CNG is maintained without any interruption.
Novelis Q4 sales dive 12% to $2.7 bn as commodity prices fall, shipments decline; firm on capacity additions
•For the full year, Novelis net sales decreased 9 percent from the prior year to $11.2 billion, driven by lower average LME aluminum prices and local market premiums.
Fitch downgrades Tata Motors, cites cash flow issues; move to have negative impact on company's debt profile
•The negative outlook reflects risks to Tata Motors' financial profile from a prolonged pandemic that can result in further deterioration in its profitability.
NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
•A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.
Exclusive: Oyo’s Ritesh Agarwal opens up about job losses, Aditya Ghosh, governance issues, and SoftBank’s role
Sunny Sen •“This is the first time I am doing an interview, but I have been open all throughout.”
RIL consolidated profit surges 13.5% to record Rs 11,640 cr in Q3 on strong growth in telecom, retail verticals
Fp Staff •Consumer businesses, which till last year accounted for a quarter of RIL's pre-tax profit, contributed a third of EDITDA in the third quarter.
Ashok Leyland shares plunge 7% in early trade after company reports 93% plunge in Q2 results
•Revenue stood at Rs 3,929 crore for the second quarter, down 48% as compared with Rs 7,621 crore in the year-ago period, Ashok Leyland said in a regulatory filing.