Tata Group stocks: Ratan Tata took back control of the Tata Group after Cyrus Mistry was abruptly removed as chairman of the $100 billion coffee-to-steel business empire.
Idea Cellular: Idea Cellular, country’s third largest telecom company, today posted an 88 per cent plunge in its consolidated net profit at Rs 91.46 crore in the September quarter due to higher expenses.
Important Q2 results: Top companies which are scheduled to declare their results for the quarter ended September 30 include names like HDFC BankBSE -1.50 %, Kotak Mahindra BankBSE -0.69 %, Axis BankBSE 1.00 %, Bharti AirtelBSE -1.26 %, and Asian PaintsBSE 0.03 %.
Corporation Bank: Corporation Bank, Oriental Bank of CommerceBSE -2.58 % (OBC) and United Bank of IndiaBSE 0.00 % (UBI) may be sensing victory against Airbus as debt recovery tribunal has directed the French aircraft maker to deposit with it Rs 192.5 crore it had received from these Indian lenders.
PNB Housing Finance: The second largest public issue of shares this year by home financier PNB Housing Finance received bids for as much as thirty times the value of the anchor book on offer, people briefed on the matter said.
ONGC: The board of state-owned Oil and Natural Gas CorporationBSE -0.53 % (ONGC) will on Thursday consider issuing a bonus share to increase liquidity ahead of government disinvestment.
Muthoot Capital Services Limited: Higher two-wheeler sales and better geographical reach helped the Muthoot Capital Services Limited (MCS), part of the 129-years-old Muthoot Pappachan Group, to report Rs 8.06 crore profit for the second quarter of the financial year, registering the highest quarterly profit so far for the company.
Bharti Infratel: Mobile tower company Bharti Infratel today posted 31 per cent increase in consolidated net profit at Rs 776.6 crore for the September quarter of the current financial year.
GTL Infra: New Avenue Brookfield-Reliance Infratel, Canadian pension fund and Abu Dhabi investor show interest in co’s 27,000 telecom towers that will be auctioned to convert Rs 3,300-crore debt into equity under strategic debt restructuring process.
Tata Metaliks: The manufacturer and supplier of pig iron, today said its consolidated net profit rose by 7 per cent to Rs 21.92 crore for the quarter ended September 30, 2016.