DLF, Ujjivan Small Finance Bank and FSN E-Commerce Ventures to see some action today

DLF is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal on better demand for its housing properties. DLF's sales bookings rose to Rs 7,273 crore in 2021-22 fiscal from Rs 3,084 crore in the previous year. In the first quarter of this fiscal, DLF's sales bookings doubled to Rs 2,040 crore from Rs 1,014 crore in the year-ago period.

With an aim to increase its secured asset portfolio, Ujjivan Small Finance Bank is entering the gold loan segment shortly and also extending auto loan offerings to non-micro borrowers. Like other small finance banks, currently, as much as 70 per cent of Ujjivan's assets are unsecured/without collaterals, and a vast majority of its customers are micro-loan borrowers. The remaining 30 per cent are under secured loan category. It has set a target of having half the assets in the secured segment over the next three years.

FSN E-Commerce Ventures (Nykaa) has incorporated a Subsidiary Company in the name of 'Nykaa Foundation' under Section 8 of the Companies Act, 2013. Nykaa Foundation will undertake any or all of the activities set out m Schedule VII of the Companies Act, 2013, on behalf of the Company or any other company / entity as may be legally permissible from time to time, in accordance with the applicable provisions of Companies Act, 2013, Companies (Corporate Social Responsibility Policy) Rules, 2014 and other applicable laws, as amended from time to time.

Mahindra & Mahindra (M&M) has opened bookings for the All-New Scorpio-N online and at Mahindra dealerships on July 30, 2022. Customers can book their desired variant of the All-New Scorpio-N with a booking amount of Rs 21,000. Bookings will be accepted on ‘first come first serve’ basis. This, along with the variant chosen, will determine the delivery date of the vehicle.

Punjab National Bank (PNB) is aiming about Rs 32,000 crore-worth recoveries from the resolution of bad loans in the current fiscal. The bank's total recovery during the first quarter was Rs 7,057 crore. The slippages were at Rs 6,468 crore during the same period. Besides, the bank is contemplating to increase interest rate on Foreign Currency Non-Resident (Bank) (FCNR(B)) deposits.

Housing Development Finance Corporation (HDFC) has entered into a share purchase agreement (SPA) with State Bank of India (SBI) on July 29, 2022 for acquisition of 97,500 equity shares of HDFC Venture Capital (HVCL) representing 19.50 per cent of its paid-up share equity capital, at a consideration of Rs 10 per share.

NTPC has reported results for first quarter ended June 30, 2022. The company has reported rise of 16.87% in its net profit at Rs 3676.43 crore for the quarter under review as compared to Rs 3145.63 crore for the same quarter in the previous year. Total income of the company increased by 46.27% at Rs 39202.74 crore for Q1FY23 as compared Rs 26802.25 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 15.51% in its net profit at Rs 3977.77 crore for the quarter under review as compared to Rs 3443.72 crore for the same quarter in the previous year. Total income of the company increased by 43.34% at Rs 43560.72 crore for Q1FY23 as compared Rs 30390.60 crore for the corresponding quarter previous year.