Asia Pacific shares are mixed on Tuesday. Hong Kong’s Hang Seng rose 0.72% in early trade, while the Shanghai Composite edged lower. In Japan, the Nikkei 225 added 0.74%, while South Korea’s Kospi added 0.37%. At 7:40 am, the SGX Nifty was up 45 points at 18,449.

However, China’s industrial output data for April came in below expectations at 5.6%. Market pricing increased by 10.9%.

The S&P 500 rose 0.3%, while the Dow Jones Industrial Average rose 0.14%. The tech-heavy Nasdaq Composite led the gains, rising 0.66%.

Suryoday Small Finance Bank: It posted a net profit of Rs 38.9 crore in the fourth quarter ending March 2023 (Q4FY23), compared to a net loss of Rs 48.1 crore in Q4FY22. The lender’s net interest income rose 43.5% year-on-year to Rs 210 crore, while other income rose 69.5% to Rs 33.92 crore.

PVR Inox: On Monday, Multiplex firm PVR Inox Ltd reported a consolidated net loss widening to Rs 333 crore in the March quarter. The company reported a net loss of Rs 105 crore a year ago. The company’s consolidated total operating income rose 113% to Rs 1,143 crore in the March quarter, compared to Rs 536 crore a year earlier.

Berger Paints: The company on Monday posted a consolidated net profit of Rs 186 crore for the March quarter, down 15% from the Rs 221 crore it posted a year ago. The company’s consolidated operating income rose 11.7% year-on-year to Rs 2,444 crore.

Pfizer: On Monday, pharmaceutical company Pfizer posted a consolidated net profit of Rs 130 crore in the March quarter, up 3% year-on-year. Total revenue rose to Rs 604 crore from Rs 567 crore a year earlier.

Karur Vysya Bank: Karur Vysya Bank on Monday posted a 59% rise in net profit to Rs 338 crore in Q4FY23 compared to Rs 213 crore in the same period in FY22. The bank’s gross non-performing assets (NPA) fell to 2.27% (Rs 1,458 crore) in Q4FY23 from 6.03% (Rs 3,431 crore) a year ago.

Reliance Industries, ONGC: According to a government notification, the government has reduced the windfall tax on petroleum crude from Rs 4,100 per tonne to zero, effective May 16. The windfall tax on petrol, diesel and aviation turbine fuel (ATF) remains unchanged at zero.

HDFC: Mortgage lender HDFC will raise up to Rs 8,000 crore by issuing bonds on a private placement basis to shore up its resources. The base size of the Unsecured Callable Non-Convertible Debt (NCD) issue is Rs 3,000 crore, with an option to remain oversubscribed up to Rs 5,000 crore.

HCL Technologies: The information technology company has expanded its longstanding partnership with SAP. As part of the expanded collaboration, HCLTech has become a customer and global strategic service partner of SAP SuccessFactors Human Experience Management Suite (SAP SuccessFactors HXM Suite).

Adani Enterprises: On Monday, the finance ministry disagreed with markets watchdog Sebi on the Adani-Hindenburg dispute and said it was sticking to an answer to parliament in July 2021. The government later said the Securities and Exchange Board of India investigated some Adani Group companies.

Wipro: It announced that its FullStride Cloud Studio has partnered with Google Cloud’s Rapid Migration Programme (RaMP) to help customers accelerate their cloud journey and implement a migration strategy based on business outcomes.

Indiabulls Housing Finance: The company’s board of directors will meet on May 22 to consider tranches or tranches of secured and/or unsecured bonds to raise capital. It will also review and approve the company’s audited financial results for the quarter and fiscal year ending March 31, 2023.

Ultratech Cement: The company’s wholly-owned subsidiary, Ultratech Nathdwara Cement, has commissioned a brownfield cement plant with an annual capacity of 800,000 tonnes at Neem Ka Thana in Rajasthan. The company’s total grey cement production capacity is currently 129.95 million tons annually.

NIIT: The company has acquired the remaining 10% stake in RPS Consulting for a fixed consideration of Rs 15 crore and a performance-based earning consideration of up to Rs 3.71 crore to be paid over the next two years. NIIT now owns 100% of RPS Consulting.

Banswara Syntex: The board has approved Kavita Gandhi as the company’s chief financial officer.

Jay Shree Tea: The Board of Directors is scheduled to meet on May 23 to consider and approve the financial results for Q4FY23 and the plan of arrangement for the demerger of Sholayar/Kallyar Estates to its 100% subsidiary Bidhannagar Tea Co Private Ltd.

Somany Ceramics: The board will meet on May 23 to consider the issuance of non-convertible debentures (NCDs)/bonds/other similar instruments on a private placement basis.

NTPC: The National Thermal Power Corporation (NTPC) Ltd will begin a feasibility study for a 130 MW floating solar power plant on Dumbur Lake in the Tripragomati district.