India Cements: India Cements reported a 62 per cent jump in standalone net profit at Rs 62.41 crore for the quarter ended September 30, 2016. It had posted a net profit of Rs 38.50 crore in the year-ago period.
RCF: Rashtriya Chemicals and Fertilisers (RCF) reported a marginal fall in net profit at Rs 43.42 crore for the quarter ended September 30. Its net profit stood at Rs 45.61 crore in the year-ago period.
Punjab National Bank: Punjab National Bank (PNB) on Saturday cut interest rate on fixed deposits by up to 0.25 per cent in line with competition.
Unitech and HDFC: With Unitech defaulting on loan repayment, housing finance major HDFC on Friday said it has sold the realty firm’s outstanding loan of Rs 869 crore to JM FinancialBSE -6.06 % Asset Reconstruction Company (JMFARC).
HPL Electric: HPL Electric & Power Saturday said that debt of the company has been reduced by around Rs 320 crore from IPO proceeds.
Reliance Capital: Reliance Home Finance, part of Reliance Capital, plans to raise up to Rs 3,500 crore through non-convertible debentures (NCDs).The company has also informed bourses that it has acquired more than 5 per cent voting rights in Azalia Media Services Private Limited.
Adani Enterprises: The company on Saturday announced that it proposes to commence construction of two major solar projects in Australia next year, each with an output of 100-200 MW.
NBCC: For the quarter ended September 30, 2016, NBCC reported a consolidated net profit of Rs 69.11 crore against net profit of Rs 68.14 crore in the corresponding quarter last year.
Results Today: National Aluminium, Simplex Projects, RCL Retail, Sobha LtdBSE 1.46 % and GE Power will announce their financial results for the quarter ended September 30, 2016 on Monday.