Crisil upgraded its long-term rating to A+ from A on Netweb Technologies India' (NSE:NETWEB, BOM:543945) bank loan facilities, according to an Indian bourse filing on Tuesday.
Short-term rating on same facilities has been affirmed at A1, the filing said.
The rating outlook is stable.
Magellanic Cloud's (NSE:MCLOUD, BOM:538891) consolidated net profit increased to 294.9 million Indian rupees in the fiscal fourth quarter ended March 31 from 223.3 million rupees a year ago.Earnings per share climbed to 0.50 rupees from 0.38 rupees a year earlier, the technology company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 jumped to 2.06 billion rupees from 1.56 billion rupees a year ago.The company's shares were down nearly 1% in recent trade.
Jihua Group's (SHA:601718) subsidiary, Jihua (Tianjin) New Energy Investment, plans to publicly list land for sale, according to a Shanghai bourse filing on Tuesday.The land will be listed on the Tianjin Property Rights Exchange Center with an initial listing price of 77.3 million yuan.The land is located in Zhangjiawo Demonstration Industrial Park, Xiqing District, Tianjin, China.The military uniform manufacturer's shares dropped 3% at the close.
Tus Environmental Science and Technology (SHE:000826) said its 65% stake in Hengyang Kaitian was sold at a judicial auction for 55.3 million yuan to Shandong Zijian Group.The Jinan court-ordered auction will remove the kitchen waste and waste oil recycling company from the company's consolidated financial statements, according to a Tuesday filing with the Shenzhen bourse.Shares of the environmental engineering company closed 1% lower Tuesday.