Amaravati (Andhra Pradesh), Oct 31 (ANI): After the Ministry of Home Affairs (MHA) allowed to reopen the schools across the country in a graded manner amid COVID-19 pandemic, Andhra Pradesh Commissioner of School Education (CSE), V Chinaveerabhadrudu on October 31 informed that the schools for classes 9 to 12 will start from 2nd November in the state. He said, “Schools for classes 9 to 12 to start from Nov 02. Students will attend the classes on alternate days and each classroom will accommodate up to 16 students. Academic year 2020-21 is extended up to April 30, 2021.”
NTPC is set to deliver earnings for Q2FY21 Preview. Analysts expect earnings resilience from power utilities supported by assured returns based regulated business models. NTPC is expected to show strong earnings led by robust capacity additions, see limited risk of high disincentives given ample coal availability. Here is the ET NOW poll. Revenues seen at Rs. 25200cr vs Rs. 22765cr, up 10% EBITDA seen at Rs. 7900cr vs Rs. 6345cr, up 25% Margins seen at 31.3% vs 27.9% PAT saw at Rs. 3200cr vs Rs. 3262cr, down 1.9% Key highlights Higher coal availability has led to better PAFs PAT saw declining due to lower other income Generators’ receivables from DISCOMs remain elevated Regulated nature of the business to protect margins PLF trends have seen significantly improvement post Q1 Factors to watch Possibility of rebate to DISCOMs flowing in Focus on the impact of fixed cost under-recoveries Watch out for some trend in receivables Watch out for an update on commercialization.
Grasim Signs pact with Lubrizol to manufacture and supply CPVC resin in India Alert: Lubrizol Advanced Materials is a subsidiary of Warren Buffett’s Berkshire Hathway Jio, Airtel, Vodafone Idea Will not shy away from tariff hike: Vodafone Idea CEO Ravinder Takkar Zee Ent Sprucegrove International Pooled Fund buys 82 lk shares at 184.7/sh UPL Consolidated Q2 Rev from ops: Rs. 8939 cr vs Rs. 7817 cr YoY PAT: Rs. 537 cr vs Rs. 202 cr YoY Exceptional item: Rs. 211 cr vs Rs. 305 cr YoY EBITDA Rs. 1808 cr vs Rs. 1539 cr (adj for exchange difference) Margin 20.2% vs 19.7% Axis Bank, Max Fin Co, arms to buy 19% stake in Max Life vs 17% earlier Axis Capital, Axis Securities to buy up to 3% in Max Life To directly acquire 9.002% equity capital of Max Life To buy 19% of Max Life with 2 arms under the revised proposal RBI rejected the bank's proposal to directly buy 17% in Max Life RBI advised the bank to revise Max Life stake buy proposal Max Fin: Rev from ops: Rs. 7020 cr vs Rs. 4686 cr YoY PAT: Rs. 81 cr vs Rs. 64.4 cr YoY Reported Shareholders' PAT of Rs. 26 cr, down 70% YoY PAT impacted due to a higher new biz strain owing to higher non-par & protection sales Gained 162 bps to reach a private market share of 11% in H1FY21 Market share gains highest in last 10 years in H1 Value of new business grew 20% to Rs. 438 cr in H1FY21 New Business Margin expanded by 320 bps to 24.2% in H1 IndusInd Standalone PAT 647 Cr vs 1383 Cr YoY Provision 1964 Cr vs 2259 Cr QoQ NII 3278 Cr vs 2909 Cr YoY & 3309 QoQ GNPA: 2.21% vs 2.53% QoQ NNPA: 0.52% vs 0.86% QoQ GNPA: Rs. 4532.15 cr vs Rs. 5098.95 cr QOQ Capital Adequacy 16.55% vs 15.16% QoQ.