Gold Silver Reports (GSR) – South African Gold Producers Reach Lung-Disease Settlement — The agreement provides for compensation for all eligible workers suffering from silicosis or tuberculosis who worked in the companies’ mines at any point since March 1965, the parties said in a statement Thursday. The six producers, which also include AngloGold Ashanti Ltd. and Gold Fields Ltd., last year set aside about 5 billion rand ($390 million) to settle the lawsuit. The settlement will be submitted to South Africa’s South Gauteng High Court for ratification.
MRF Stock Posts Highest Quarterly Profit Growth In Over Two Years, But Misses Estimates
Gold Silver Reports (GSR) – MRF Posts Highest Quarterly Profit Growth In Over Two Years, But Misses Estimates – The country’s largest tyremaker reported its highest profit growth in over two years, but falls short of estimates during January-march period.
Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates
Gold Silver Reports (GSR) – Edelweiss Stock Swings After Fourth-Quarter Profit Meets Estimates – Shares of the financial services provider swung between gains and losses and traded at Rs 281 as of 1:30 p.M. after its fourth-quarter profit met analysts estimates.
✅ Net Profit up 46 percent at Rs 248 crore.
✅ Revenue up 35 percent at Rs 2,609 crore.
✅ Premium from insurance business at Rs 305 crore versus Rs 200 crore.
Venky’s Pares Losses After Q4 Profit Gains
Gold Silver Reports (GSR) – Venky’s Pares Losses After Q4 Profit Gains – Shares of the Pune-based company parred losses and rose as much as 2.4 percent to Rs 3,999 after its profit gained in March quarter.
Elpro International Stock Gains; Varun Beverages Swings After Quarterly Results Announcement
Gold Silver Reports (GSR) – Elpro International Gains 50% In Four Days, Surges To Record High – Shares of the medical equipment maker extended gains for the fourth day and rose as much as 15.9 percent to reach a record high at Rs 69.80. The stock gained nearly 50 percent in the last four trading sessions.
Pirojshaw Sarkari, CEO At Mahindra Logistics Stock
Pirojshaw Sarkari, CEO At Mahindra Logistics – Key highlights form the conversation:
✅ There is no one off incidence.
✅ Margin will continue to expand.
✅ Increase in value added services business to aid margins.
✅ Improved warehousing, distribution business post gst will help margin expansion.
HCC Stock Headed For Record Drop As Unit Defaults
Gold Silver Reports (GSR) – HCC Headed For Record Drop As Unit Defaults – Shares of the Mumbai-based infrastructure construction firm fell as much as 24.2 percent and is headed for steepest single-day loss since Jan. 1991 listing after unit. The company’s unit, Lavasa Corporation Ltd., is considering a resolution plan for its outstanding debt and is in the process of restructuring bonds after a payment default.