Delta Corp | Mumbai-based casino and gaming company has reported a 59.3% year-on-year decline in net profit at ₹34.5 crore for the third quarter that ended December 31, 2023. The company's revenue from operations declined 15.3% to ₹231.7 crore against ₹273.4 crore in the corresponding period of the preceding fiscal.
SpiceJet | Low-cost airline is gearing up for its annual general meeting (AGM) scheduled for 3:30 PM on January 10. The airline is seeking approval from shareholders to raise ₹2,250 crore to fuel its ambitious plans for expansion and revitalisation. Reportedly, 64 entities are keen on investing in SpiceJet, showcasing confidence in the airline's future prospects.
Vedanta | Rating agency Moody's Investors Service said it has downgraded its rating on the senior unsecured bonds issued by Vedanta Resources to Ca from Caa3. The rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said.
Lupin | Pharma major said it has officially launched bromfenac ophthalmic solution, 0.07%, in the United States after receiving approval from the US Food and Drug Administration (FDA). Lupin holds the exclusive first-to-file status for this newly introduced product, entitling the company to a 180-day exclusivity period, according to a stock exchange filing.
Polycab | Wires and cables manufacturer has refuted rumors of tax evasion. In an exchange filing, the company said it had not received any communication from the income-tax department regarding the outcome of the search. The statement said the company fully cooperated with the search officials during the search proceedings.
PFC | The state-owned company said it has received a Reserve Bank of India (RBI) no objection certificate (NOC) for setting up a finance company (as a wholly owned subsidiary) in International Finance Services Centre (IFSC), Gift City, Gujarat. PFC's entry into the IFSC is expected to open up new business opportunities and establish its global presence.
Zee Entertainment | Financial services company Societe Generale \sold shares of Zee Entertainment Enterprises Ltd for ₹216 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Societe Generale offloaded 83,45,179 shares, amounting to a 0.87% stake in ZEEL.