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Business Value

Aditya Puri sells 7.42 million shares worth Rs 842.9 crore in HDFC Bank

HDFC Bank main government and running director Aditya Puri has marketed more than 7.4 million shares of the personal lender to elevate Rs 842.87 crore, according to regulatory filings.

The share sale, which was executed concerning July 21 and 23, introduced down Puri’s holding in the most valued Indian lender to just .01 per cent from the previously .fourteen per cent.

The sale arrives months ahead of Puri’s retirement from the lender, which he led to develop into the major by assets between personal lenders and the second-major total about twenty five years.

He marketed 7.forty two million of the

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Business Value

HUL Q4 consolidated net profit slips 3.56% YoY to Rs 1,515 crore

Hindustan Unilever (HUL) on Thursday posted a 3.fifty six for each cent year-on-year (YoY) decline in its consolidated net financial gain at Rs 1,515 crore for the quarter finished March 2020. The company had posted financial gain of Rs 1,571 crore in the year-in the past period of time. On standalone foundation, numbers stood at Rs 1,519 crore, down 1.23 for each cent from Rs 1,538 crore in the corresponding quarter of the preceding fiscal.

Revenue from functions (on consolidated foundation) stood at Rs 9,055 crore, down almost 10 for each cent from Rs 10,018 crore in the year-in the

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Business Unit

Bharti Airtel makes additional payment of Rs 8,004 crore towards AGR dues

Telecom operator Bharti Airtel on Saturday mentioned that it has created additional payment of Rs eight,004 crore to altered gross income dues to the Division of Telecom (DoT).

The payment of Rs eight,004 crore is in addition to Rs ten,000 crore the company paid out on February seventeen, 2020 in compliance to the Supreme Courtroom judgement, it mentioned in a regulatory filing.

The company mentioned it calculated the liabilities on self evaluation foundation till December 31, 2019 and the payment includes interest up to February 29, 2020.

The company has carried out self evaluation from FY 2006-07 up to December

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Business Management

HEG plunges 14% on poor Q3 earnings, Co posts net loss of Rs 1.23 crore

Shares of graphite electrode company HEG slipped just about 14 for every cent on Wednesday immediately after the firm described bad established of economical figures for the quarter finished December 31, 2019 (Q3FY20).

The firm described consolidated decline of Rs one.23 crore for the quarter under review against Rs 444.sixty crore financial gain registered in the yr-back period. Complete earnings declined seventy eight for every cent yr-on-yr (YoY) to Rs 420.ninety seven crore.

Earnings just before interest, tax, depreciation and amortisation (Ebitda) fell ninety nine.six for every cent to Rs four.7 crore while margin stood at one.two for every cent

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