Bank of Baroda: State-run Bank of BarodaBSE -0.20 % on Monday reduced home loan rates by 70 basis points to the industry’s lowest level of 8.35 per cent that will be applicable for customers having a strong Cibil scores.
Max Ventures: Max Ventures and Industries part of Analjit Singh-led Max Group on Monday announced a Rs 147.9 crore fund raising plan, which includes sale of 22.51 per cent stake to a subsidiary of New York Life Insurance Company for Rs 121 crore.
Engineers India: The company has received contract worth Rs 2,500 crore from HPCLBSE 3.12 % for Vizag Refinery.
Axis Bank: Private sector Axis BankBSE -0.53 % became the third lender in the country to announce usage of block chain solutions for its operations, after its peers ICICI BankBSE 1.20 % and Yes BankBSE 0.26 %. The Shikha Sharma-led bank, the third largest private sector lender, will be using the upcoming technology for cross-border remittances, it said in a statement.
Earnings Today: IndusInd BankBSE -0.41 % and ISGEC Heavy EngineeringBSE -0.87 % will announce their financial results for the quarter ended December 31, 2016 on Tuesday.
Ajanta Pharma: The pharma company on Monday announced the receipt of final approval for Duloxetine Hydrochloride Delayed Release Capsules from USFDA. It is a bioequivalent generic version of Cymbalta 1 Delayed Release Capsules. Company will be launching the product shortly in 3 strengths, 20 mg, 30 mg and 60 mg strengths capsules.
JSW Steel: The company said it has registered a 43 per cent growth in crude steel production at 3.86 million tonnes in the third quarter of the ongoing fiscal.
Piramal Enterprises: Piramal Enterprises Chairman Ajay Piramal may consolidate his control in Shriram Capital, the holding company of the financial services entities of Chennai-based Shriram group, by increasing his stake to one third from one fifth and naming a key executive as the firm’s chief executive officer.
ONGC: Gujarat State Petroleum Corp (GSPC) will buy entire output at a predetermined price from the KG Basin gas field that it has agreed to sell to Oil and Natural GasBSE 1.41 % Corp (ONGC) for $1billion, a key provision that addressed gas pricing concerns of India’s largest crude producer and helped seal the deal, senior executives at the two firms said.