Religare Enterprises: Former GE CapitalBSE 0.18 % duo Pramod Bhasin and Anil Chawla are in talks to buy a majority stake in Religare Finvest, a non-banking finance company (NBFC) that focusses on lending to Small and Medium Enterprises (SMEs) from brothers Malvinder and Shivinder Singh, two persons with direct knowledge of the matter told ET. Religare Finvest, is a fully owned (99.99%) subsidiary of the BSE listed Religare EnterprisesBSE 1.39 %.
Ambuja Cements: The company on Monday reported a 85.24 per cent increase in its consolidated net profit of Rs 205.70 crore for the fourth quarter ended December 30, 2016. Part of the Swiss cement giant LafargeHolcim, the company has clocked a net profit of Rs 111.04 crore in the year-ago period, Ambuja said in a BSE filing.
Tata Consultancy ServicesBSE 0.25 % (TCS): Tata Sons Chairman-designate Natarajan Chandrasekaran will hold the chairmanship of the group’s crown jewel Tata Consultancy Services from today.
Siemens: The company on Monday said it along with another firm has bagged a Rs 287-crore order from Nagpur Metro Rail Corp to supply signalling technology for the first two lines – North-South and East-West corridors – of the project.
Earnings today: CastrolBSE 0.28 % India, EID ParryBSE 0.45 % and ITD CementationBSE 1.78 % will announce their financial results for the quarter ended December 31, 2016 on Tuesday.
BritanniaBSE -0.35 % Industries: Eight years after India’s biggest cookies maker lost its taste for partnerships in foods, Britannia IndustriesBSE -0.35 % invited Greek baker Chipita to make rolls, croissants, and other dough products in a joint venture to to meet the demands of a rapidly urbanizing home market.
NestleBSE 0.73 % India: Nestle IndiaBSE 0.73 % could have lost Rs 100 crore in sales in the last quarter of 2016 due to demonetisation, chairman Suresh Narayanan said.
Sun Pharma: The company’s first production unit in Egypt involving a total investment of $12.5 million was inaugurated on Monday, signalling growing bussines ties between India and the key Middle East nation.
EvereadyBSE -0.06 % Industries: In order to provide “sharper focus” to packet tea business, Eveready Industries India LtdBSE -0.06 % has planned to reorganise its operation, a company official said on Monday.
KSB Pumps: For the quarter ended December 31, 2016, the company reported a net profit of Rs 22.98 crore, down 5.63 per cent, against Rs 24.35 crore in the corresponding quarter last year.
Karnataka Bank: The bank has entered into a Memorandum of Understanding (MoU) with M/s Daimler India Commercial Vehicles for extending finance facilities to customers to purchase commercial vehicles manufactured by the company.