HCC, SpiceJet and Shoppers Stop may witness some action today

The leading infrastructure construction and development company, Hindustan Construction Company (HCC) has been awarded Rs 888 crore project by Nuclear Power Corporation of India. The project is to be completed in 50 calendar months, while its total cost is Rs 887.92 crore.

SpiceJet has decided to mop up fresh funds of up to $75 million through various routes, subject to shareholders’ approval.

Shoppers Stop has inaugurated one ‘Clinique’ door, at Shopper’s Stop - Garuda - Bengaluru. Following this opening, the company now has total seven ‘Clinique’ doors, i.e. two standalone and five shop-in-shops.

Intellect SEEC, a Polaris Group company has launched its new collaborative business solution — Insurance CBX — an SOA enabled solution designed to provide seamless integration and straight through processing for critical business processes.

Marico has acquired aesthetics business of the Singapore based Derma Rx Asia Pacific (Derma Rx), through its wholly owned subsidiary Kaya.

Cadila Healthcare’s unit, Zydus Cadila, has received a milestone payment of $10 million from Abbott under the recently concluded agreement between the two.

State-run Bank of Baroda (BoB) has reported a consolidated net profit of Rs 3,179.30 crore for the year ended March 31, 2010, up 33.36% over Rs 2,384.08 crore for the year ended March 31, 2009.

State-owned Power Grid Corporation of India has reported a net profit of Rs 2,040.94 crore for the year ended March 31, 2010 against Rs 1,690.61 crore for the year ended March 31, 2009, up 20.72%. Its total income jumped by 22.23% to Rs 7,503.58 crore during FY10 from Rs 6,138.72 crore for FY09.

Asian Hotels, Bank of India, BHEL, Godrej Inds, Gujarat Alk, Gujarat Mnrl, Gujarat Narm Val, HPCL, Indian Hotels, Mphasis, Oil India, REI Agro and Tata Steel are among the companies that will report their earnings today.