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Results Today:
Wockhardt Q4, Gujarat Gas Q4 and SKF India Q4
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New listings:
Shriram EPC, Bang Overseas
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GVK Power incorporates GVK Energy as 100% subsidiary
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Akruti City board cancels earlier approved Rs 200 cr pref issue of debentures to Reliance Capital due to commercial and other reasons
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Zicom board approves selling 49% stake in Zicom Retail
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Infra cos see 40-50% hike in salaries - ET
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Mphasis cuts 200 jobs at Chennai unit
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Standalone tower cos such as Essar Tele, GTL, Quipo, Excel; Tele and TowerVision are planning to consolidate their biz to compete with bigger players - ET
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Parsvnath Hotels in JV with Royal Orchid, JV to invest Rs 500 cr to set up 10 hotels - ET
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UMPP equipment purchases likely to become duty-free, policy to exempt power cos from mandatory international bidding for purchases - ET
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Reliance Capital gets RBI nod for ARC biz - ET
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RCOM to start DTH next month, may order 5m set-top boxes - DNA
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RBI rejects proposal by BoI, IndusInd Bank, Kotak Mahindra and HDFC Bank to increase their capital market exposure beyond 40% cap - BS
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RBI rejects IndusInd Bank proposal to pay sign-in bonus to CEO Romesh Sobti - BS
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British Gas picks up stake in 2 ONGC blocks
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ONGC's Tripura project gets bid from only BHEL, Alstom Power - FE
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Exide plans increasing industrial battery exports, eyes US market - BL
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9- Infra firms including Gammon India, Punj Lloyd, Era among others being investigated for diverting tax-exempt equipment for Pvt Work - Mint
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Nagarjuna Construction plans to sell stake in NCC Urban Infra and NCC Infra Holding to unlock value- Mint
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Lupin forays into biologics segment - HT
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Bombay Dyeing forays into retail, opens first bed and bath concept store in Mumbai - HT
