Tata Motors, Bharti Airtel and other stocks in the news today

NEW DELHI: SGX Nifty trends point to a negative opening for the broader Indian equity markets today. U.S. stock markets mostly fell on Friday as a much stronger-than-expected U.S. jobs report raised the possibility that the Federal Reserve will maintain its aggressive monetary policy to fight inflation. Official data released on Friday showed the US economy added 528,000 jobs, defying all expectations of a slowdown.
Friday’s data also showed U.S. wages jumped, adding to inflation concerns and likely pushing the Fed to aggressively hike rates again next month.
Actions in the news
Corporate Results Today: Bharti Airtel, Adani Ports & SEZ, Power Grid Corporation of India, Delhivery, Indian Hotels Company, UNO Minda, Vedant Fashions, Torrent Power, Whirlpool and National Aluminum are among the companies to announce results for the quarter ended June 2022 today.
Auto Stock Escorts continues to be on the F&O ban list by the exchange for today. Two other shares Balrampur Chini and Delta Corp were added to the list on Monday.
Tata engines: Tata Motors said on Sunday that its subsidiary Tata Passenger Electric Mobility Ltd (TPEML) had signed a Unit Transfer Agreement (UTA) for the acquisition of Ford India’s manufacturing plant in Sanand, Gujarat for ₹725.7 crore .
BPCL: Bharat Petroleum Corporation Ltd (BPCL) reported a net loss of Rs 6,291 crore in the first quarter of the current financial year on fuel prices holding steady despite rising costs.
One97 Communications: digital financial services company One97 Communications, which operates under the Payment brand, said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30, from a net loss of 380.2 crore a year ago.
Marico: FMCG company Mario announced a 3.28% increase in its consolidated net profit to Rs 377 crore for the first quarter ended June.
State Bank of India: The country’s largest lender reported a 6.70% fall in its autonomous after-tax profit to Rs 6,068 crore for the quarter ended June due to market losses (MTM). The lender had reported profit after tax (PAT) of Rs 6,504 crore on a stand-alone basis in the April to June quarter of the 2022 financial year.
Mahindra & Mahindra: The local automotive player reported a consolidated after-tax profit of Rs 2,361 crore in the first quarter ended June, driven by strong performance in its automotive and agriculture segments.
FSN E-commerce: The omnichannel, which operates under the Nykaa brand, said its consolidated net profit rose nearly 42% to Rs 5 crore in the April-June quarter of FY23. The company had recorded a net profit of Rs 3.52 crore in the same period a year ago.
Crompton Greaves Consumer Electricals: Macritchie Investments, a promoter of the home appliance company, has offloaded the company’s 2,02,50,000 shares or 3.2% stake worth Rs 750.74 crore through an open market transaction at an average price of Rs 370.74 apiece, the wholesale transaction data suggests.
Shipping Corporation of India: The state-owned shipping company reported a 27.97% drop in its consolidated net profit to Rs 114.17 crore for the first quarter of this financial year. The company had recorded a consolidated net profit of Rs 158.51 crore in the prior year period.