Reliance Industries: Consolidated net profit of Reliance IndustriesBSE 1.57 % grew 11.54 per cent to Rs 8,053 crore for the quarter ended March 31, 2017 against Rs 7,220 crore reported for the corresponding quarter last year.
Indiabulls Housing Finance: Mortgage lender Indiabulls Housing Finance reported a 24 per cent increase in net profit for the March quarter on robust growth in individual home loans, and forecast better days as Prime Minister’s affordable housing push with interest rate subvention has made cost of borrowing insignificant.
Biocon: Biocon said that the company’s board of directors will consider issue of bonus shares at its meeting scheduled on Thursday, April 27m 2017.
Bharti Airtel: Bharti AirtelBSE 1.15 % plans to soon enter the home automation or smart home segment with its Internet of Things (IoT) and machine-to-machine solutions in a move aimed at expanding its revenue base, allowing users to control elements such as lighting, heating, air conditioning, music and security systems through smartphones.
PPharma companies: Honchos of India’s leading drug companies met on Monday evening in Ahmedabad to take stock of a recent diktat by the health ministry on prescription of medicines by their generic name. Sun Pharmaceutical IndustriesBSE 0.04 % managing director Dilip Shanghvi and Pankaj Patel of Zydus Cadila were among those who gathered in the Gujarat city to discuss the matter, ET has learnt.
Reliance Communications: The shareholders of Anil Ambani-owned Reliance Communications and Aircel approved the merger of the mobile businesses of their companies, which will create India’s fourth-largest telecom operator by revenue and subscribers.
HCL Technologies: The IT company has agreed to acquire Urban Fulfillment Services, a provider of mortgage business process & fulfilment services, in a $30 million deal that is expected to bolster the software firm’s capability in the area of BPO and debt servicing.
JM Financial: The company on Monday announced that the board of directors of JM FinancialBSE 1.38 % Asset Management, a subsidiary of JM Financial, at its meeting held on April 24, 2017, has approved the buy-back of up to 10 per cent of the outstanding equity capital subject to the necessary approvals as may be required.