Religare Enterprises: The company on Sunday announced it will sell its entire 80 per cent stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore.
Neuland Laboratories: Drug firm Neuland Laboratories said the US health regulator has made two observations at its manufacturing facility in Hyderabad.
NTPCBSE 0.15 % and REC: State-run NTPC Ltd and Rural ElectrificationBSE -0.49 % Corp Ltd will raise about $1 billion through bonds in the United Kingdom this fiscal year ending March 2018, power minister Piyush Goyal said on Friday.
Reliance Communications (RCom): The company is learnt to have sacked nearly 380 employees for below-par performance, and 260 more are seen to be in the line of fire. “RCom under its performance management system has asked around 380 people to leave the company for non-performance. It may sack another 260 people for the same reason,” a source told PTI.
Cosmo Films: Cosmo FilmsBSE 0.42 % has announced plans to install a new production line for Speciality Polyester (Biaxially – Oriented Polyethylene Teraphthalate) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj Plant site in Aurangabad, Maharashtra with a capacity of 36,000 MT per annum. The project for the new line will entail an investment of Rs 250 crore.
Maruti Suzuki: The auto major said its total production rose 10.29 per cent to 1.53 lakh units in March 2017 over March 2016. The announcement was made after market hours on Friday.
IndusIndBSE 0.28 % Bank: The lender said it has recently inaugurated its first branch in Gaya, Bihar. With the inauguration of this branch, the bank now has 18 branches in Bihar.
Apollo Tyres: Apollo TyresBSE 2.04 % announced about the inauguration and commencement of commercial production at its manufacturing facility in Hungary with effect from April 7, 2017. Onkar S Kanwar, Chairman, Apollo Tyres said, this facility will help the company further increase its presence and market share in Europe.
Sobha Ltd: Promoter Sobha Menon sold 40 lakh shares or 4.15 per cent in the real estate firm Sobha LtdBSE -8.55 % at an average price of Rs 414.9 per share on Friday, bulk deal data on the BSE showed.
Bharti Airtel: Top telco Bharti Airtel and state-run telco Bharat Sanchar Nigam Ltd (BSNL) are working with Nokia to transform existing networks to 5G, with the telecom gear maker defining use cases around the technology that will be relevant for the Indian market.