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Indian Oil: Net profit rose 57.7% year-on-year to Rs 8,123 crore

Stocks Updates:

Indian Oil: net profit rose 57.7% year-on-year to Rs 8,123 crore in the Jan-March quarter. Dividend announced: Rs 3 per share. The board also approved an additional Rs 1,086 crore investment in Terra Clean Ltd to add 4.3 GW of renewable energy capacity.

Adani Power: net profit fell 3.7% year-on-year to Rs 2,637 crore in the Jan-March quarter.

Varun Beverages: net profit rose 35% year-on-year to Rs 726 crore in the Jan-March quarter. Dividend announced: Rs 0.5 per share with 7 May as the record date.

Vedanta: net profit rose 154% year-on-year to Rs 3,483 crore in the Jan-March quarter.

Dixon Tech: will form a joint venture with ‘Inventec Corp’ to manufacture notebooks, desktops, other components, and servers in India. Dixon will hold 60% and Inventec will hold 40%​.

More News:

China’s manufacturing PMI fell to 50.4 in April, compared to 51.2 in March. This means that China's manufacturing sector grew less in April than in March.

Ather Energy IPO was subscribed 1.43 times. Retail subscription: 1.78 times. It is now closed for subscription.

Mother Dairy hiked milk prices by up to Rs 2 per litre due to increasing input costs, effective from 30 April.

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