ONGC: Oil & gas explorer ONGCBSE -0.05 % is planning to invest over $3 billion in the Farzad-B natural gas block in Iran, according to reports. The proposed investment will be driven through a consortium of state-run oil companies led by its overseas arm ONGC Videsh (OVL). The statement comes amidst media reports that government is threatening to massively reduce crude intake from Iran as Tehran delays clearing the investment plan in the block.
Shankara Building: Shares of the recently concluded Rs 350-crore initial public offer (IPO) of Shankara Building Products are going to list on bourses on Wednesday, April 5.
TVS Motor: Chennai-based TVS MotorBSE 2.57 % on Monday post market hours reported a 10.24 per cent increase in total sales at 2,56,341 units in March this year. The company had sold 2,32,517 units in the same month last year, TVS Motor Co said in a statement.
ICICI Bank and Axis Bank: ICICI Bank and Axis BankBSE 0.56 % sold Rs 1,800 crore of loans to paper maker Ballarpur IndustriesBSE 2.03 % to EdelweissBSE 4.63 % Asset Reconstruction Company, said two people familiar with the matter. Bankers said this is possibly the first instance of a potential bad loan being sold off.
Unitech: Realty developer UnitechBSE 7.10 % on Monday said the managing directors of the company, Sanjay and Ajay Chandra, have committed no fraud with any investor and the delay in project delivery is due to reasons beyond the control of the company and recession.
Adani Ports: Adani Ports and Special Economic Zone Ltd (APSEZ) Monday said it will begin a feasibility study on building a green field container port mainly at Carey Island, Malaysia. The port, to be located about 50 kms southwest of capital Kuala Lumpur, would be an extension of the existing Port Klang.
Coal India: Coal IndiaBSE -0.10 % hopes that with national electricity generation rising by 4.7 per cent and prediction of early summer there would be higher coal demand.
Titan: Consumer sentiment as well as demand scenario have recovered “quite significantly” in the January-March quarter, says Tata group firm TitanBSE 4.60 %. The company has witnessed sales traction during the period across all divisions, including jewellery,
Dr Reddy’s Laboratories: Drug firm Dr Reddy’s LaboratoriesBSE -0.59 % on Tuesday said the US health regulator has issued two observations after inspection of its manufacturing plant at Srikakulam.
Hero MotoCorp: Country’s largest two-wheeler maker Hero MotoCorpBSE 0.02 % on Monday reported a marginal increase in sales at 6,09,951 units in March. The company had sold 6,06,542 units in March 2016, Hero MotoCorp said in a statement.
Reliance Capital: The company on Monday informed bourses that a meeting of the Board of Directors of the company will be held on Friday to consider and approve raising of limits for issue of non-convertible debentures on private placement basis.