Bharti Infratel: Talks to sell a controlling stake in Bharti Infratel to a consortium of KKR and CPP Investment Board seem to have hit a snag over valuation, with the telecom tower company’s shares taking a deep dive following news of a potential Idea Cellular-Vodafone India merger.
Tube Investments: Engineering firm Tube Investments of IndiaBSE 1.13 % (TII) reported a 67.39 per cent jump in standalone net profit to Rs 27.47 crore for the third quarter ended December 31, 2016. The company had reported a net profit of Rs 16.41 crore in the year-ago period, TII said in a BSE filing.
NBCC: State-owned construction firm NBCCBSE 0.21 % signed an agreement with the Jammu and Kashmir government and Tourism Ministry for integrated development of tourist facilities in the state at a cost of Rs 97 crore.
IDFC Bank: Private lender IDFC Bank on Monday picked up a 5 per cent stake in financial services major IIFL Holdings for over Rs 502 crore through an open market transaction. The shares were offloaded by Copthall Mauritius Investment Ltd.
Gujarat Gas: For the quarter ended December 31, 2016, the company reported a net profit of Rs 42.29 crore, up 35.16 per cent, against Rs 31.37 crore in the corresponding quarter last year.
IDBI Bank: State-run IDBI BankBSE -1.50 % said it has reduced its marginal cost of funds based lending rate (MCLR) by 30-35 basis points across various tenors, effective February 1.
Bank of Maharashtra: Ahead of RBI monetary policy review, public lender Bank of MaharashtraBSE 0.72 % on Monday slashed its benchmark lending rate by up to 0.2 per cent. The bank has reduced marginal cost of funds based lending rate (MCLR) across various tenures effective from Tuesday.
HDFC: Mortgage lender HDFC on Monday sought shareholders’ nod to increase the authorised share capital to Rs 350 crore and to consider an employees stock option scheme.
Upper Ganges: The company reported a net profit of Rs 36.70 crore for the quarter ended December 31, 2016. It had reported a net loss of Rs 4.09 crore in the corresponding quarter last year.
Fertiliser stocks: The Finance Ministry has granted Rs 10,000 crore to Fertiliser Ministry under special banking arrangement to provide loan to cash-starved fertiliser companies at reasonable rates.
Earnings Today: CeatBSE 0.16 %, Bharat Heavy Electricals LtdBSE 2.78 % (BHEL), Tata SteelBSE 0.75 %, TitanBSE 0.73 % Company and Punjab National BankBSE 1.07 % will announce their financial results for the quarter ended December 31, 2016 on Tuesday.