ICICI Bank confirmed that its joint venture partner, Prudential PLC, is assessing a potential listing of ICICI Prudential Asset Management.
1. Tata Power & ONGC’s Green Energy Pact
Tata Power Renewable Energy (TPREL) signed a non-binding MoU with ONGC to explore opportunities in Battery Energy Storage Systems (BESS).
3.Muthoot Finance’s Stellar Q3 Performance
Muthoot Finance reported a 33% YoY jump in profit (₹1,363 crore vs. ₹1,311 crore estimate). Net Interest Income (NII) surged 43% to ₹2,721 crore, surpassing expectations.
4. Crompton Greaves has presented its quarterly results.
Crompton’s profit rose 28% YoY, EBITDA grew 25.5%, and margins improved. However, revenue increased only 4.5%, hinting at subdued demand in certain segments.