MindTree: The company on Thursday reported 5.72 per cent quarter-on-quarter (QoQ) fall in consolidated net profit figures at Rs 97.20 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 103.10 crore in the same quarter last year.
Diamond PowerBSE -4.23 % and Infrastructure: Diamond Power on Thursday reported widening of its consolidated net loss to Rs 316.83 crore for the March quarter. The loss was higher than the Rs 203.85 crore the company had posted in the January-March period of the previous financial year, 2015-16.
Earnings today: ACCBSE 0.04 %, HDFC BankBSE 0.36 % and Tata MetaliksBSE 0.31 % will announce their results for the quarter ended March 31, 2017 on Friday.
Wipro: WiproBSE 0.30 % is trimming its workforce by 600 employees after a rigorous appraisal process as India’s information technology industry sector grapples with slowing growth and mounting visa costs amid immigration curbs in the US.
Max Financial Services: Goldman Sachs will sell shares worth up to $123 million in Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.
ICICI Bank: Warburg Pincus is the frontrunner to acquire a minority stake in insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings, according to reports. ICICI Lombard is a joint venture formed in 2001 between ICICI Bank and Fairfax.
PVR: Multiplex operator PVR said that it has sacked its Chief Business Development Officer Vijay Kapoor on disciplinary grounds. The company has asked Kamal Gianchandani, Chief Business Planning & Strategy, to take over Kapoor’s responsibilities immediately.
Nalco: State-run National Aluminium CompanyBSE -1.25 % (Nalco) offer for sale (OFS), got overwhelming response from investors with the retail portion subscribed 3.17 times on the second and last day of the offer on Thursday, the government announced.
Bajaj Finance: The company on Thursday said it has raised over Rs 500 crore by issuing bonds on private placement basis.
Bharti Infratel: Credit Suisse maintained ‘Outperfrom’ rating on Bharti Infratel and raised target price to Rs 400 from Rs 335 earlier.
Infosys: Rajiv Bansal, former CFO of InfosysBSE 0.04 %, has dragged his former employer to arbitration to claim the remaining Rs 12 crore of his severance pay.
Coal India: Coal IndiaBSE -0.37 % expects to invite bids for long-term coal supplies to the power sector in the next few weeks as the government is close to finalising the policy for such auctions.