+ BAJAJ AUTO (net profit seen at 9.20 bln rupees, up 56% YoY)
+ CAIRN INDIA (consol net profit seen at 5.92 bln rupees, down 74% YoY)
+ HDFC BANK (net profit seen at 28.85 bln rupees, up 21% YoY)
+ IDEA CELLULAR (consol net profit seen at 8.1 bln rupees, up 7% YoY)
+ WIPRO (consol net profit seen at 22.6 bln rupees, up 4% QoQ)
STOCKS
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* ACC: Has reported Jul-Sep net profit of 1.15 bln rupees, down 40.2% on year,
and net sales of 27.40 bln rupees, down 0.1% on year. (Cogencis)
* BAJAJ FINSERV: Reported a 40% year-on-year rise in Jul-Sep consolidated net
profit to 4.41 bln rupees and a 35% on year rise in consolidated total income
to 22.24 bln rupees. (Cogencis)
* BHARTI AIRTEL: Has completed the sale of 8,300 towers in seven African
countries for a total $1.7 bln, with the move aimed at reducing its debt.
(Cogencis)
* BHARTI INFRATEL: The Delhi High Court has issued a notice to the New Delhi
Municipal Corp on a plea by Indus Towers, a joint venture of the company,
IDEA CELLULAR and Vodafone India, to reinstate the contract awarded to it to
install street posts with Wi-Fi, LED lights and CCTV cameras in the areas
administered by it. (Cogencis)
* CADILA HEALTHCARE: Baring India Private Equity Fund III Listed Investments
sold 1.06% stake in the company at 435.5 rupees per share. (Cogencis)
* CONTAINER CORP OF INDIA: Reported Jul-Sep net profit of 2.33 bln rupees, up
21.4% on year and net sales of 15.02 bln rupees up 10.9% on year. (Cogencis)
* CORPORATION BANK: Has opened its foreign exchange hub in Bengaluru. (BL)
* DABUR INDIA: Baring India Private Equity Fund III Listed Investments sold
0.31% stake in the company at 271.5 rupees per share. (Cogencis)
* FEDERAL BANK: Reported a 32.9% on year fall in Jul-Sep net profit to 1.6 bln
rupees and a 0.9% year-on-year rise in total income to 20.8 bln rupees.
(Cogencis)
* FINANCIAL TECHNOLOGIES INDIA: Has entered in a pact to sell 1.58% stake in
Indian Energy Exchange to Madison India Opportunities III for 339.6 mln
rupees. (Cogencis)
* HAVELLS INDIA: Delhi High Court stayed Advertising Standards Council of
India's notice to the company asking it to withdraw its television commercial
with the tagline "wires that don't catch fire". (Cogencis)
The company expects revenue of 5 bln rupees from Karnataka by 2016. (BL)
* HERO MOTOCORP: Reported Jul-Sep net profit of 7.72 bln rupees, up 1.14% on
year and net sales of 67.45 bln rupees, down 1.72% over the year-ago period.
(Cogencis)
* MPHASIS: Has reported Jul-Sep consolidated net profit of 1.85 bln rupees,
up 18.6% on quarter, and net sales of 15.57 bln rupees, up 4.1% on quarter.
(Cogencis)
* NESTLE INDIA: Maharashtra government has decided to challenge in the
Supreme Court the Bombay High Court order in August lifting a countrywide ban
on the company's Maggi noodles. (ET)
* OIL & NATURAL GAS CORP: Arm ONGC Videsh is targeting purchases of oil and
gas assets worth $10 bln-$12 bln in the next three years. (FE)
* PARSVNATH DEVELOPERS: Has cleared debt of 600 mln rupees to Essel Finance
and some other investors through redemption of non-convertible debentures.
(ET)
* RELIANCE COMMUNICATIONS: Is in initial talks with Aircel and Sistema Shyam
Teleservices for a three-way merger. (ET)
* RELIANCE INDUSTRIES: May take a write-down on its KG-D6 block and account for
the loss in its books by the end of the current financial year. (BS)
* SANOFI INDIA: Has reported Jul-Sep net profit of 725 mln rupees, up 16.9% on
Year, and net sales of 5.53 bln rupees up 13.4% on year. (Cogencis)
* SHIV-VANI OIL AND GAS EXPLORATION SERVICES: Lenders of the company would
soon convert a part of their 35-bln-rupee debt into equity under the
strategic debt restructuring scheme. (ET)
* SHRIRAM TRANSPORT FINANCE CO: The Reserve Bank of India said that foreign
institutional investors and foreign portfolios investors are not allowed to
purchase further shares of the company as their holding has crossed the
trigger limit of 24%. (Cogencis)
* SINTEX INDUSTRIES: Baring India Private Equity Fund III Listed Investments
sold 0.94% stake in the company at 104 rupees per share. (Cogencis)
* SREI INFRASTRUCTURE FINANCE: The company along with its investors is looking
at diluting or divesting its stake in independent tower company Viom Networks.
(Cogencis)
* SUZLON ENERGY: Has issued 65.2 mln shares on receiving a notice of conversion
from holders of 16,750 foreign currency convertible bonds with a nominal value
of $1,000 per bond. (Cogencis)
* TATA CONSULTANCY SERVICES: Has signed an agreement with Tableau Software to
provide business intelligence and analytics solutions to its customers.
(Cogencis)
* TATA MOTORS: Arm Jaguar Land Rover has said it will launch the updated
version of its sports utility vehicle Range Rover Evoque in India next month.
(BL)
* TATA STEEL: The company's long product division in Europe will shut down
production of steel plates, a move that will lead to loss of 1,200 jobs in
the company's units at Scunthorpe and Scotland in UK and some parts of
Europe. (Cogencis)
* VEDANTA: Standard & Poor's Ratings Services has cut the company's parent
Vedanta Resources' foreign currency long-term corporate credit rating to 'B+,
with a negative outlook. (Cogencis)
Expects iron ore exports from Goa to be much higher than the permitted
mining capacity of 5.5 mln tn in the fiscal year to March, as it bids for ore
in government-run auctions. (ET)
* YES BANK: Will reduce its interest rates on savings accounts by 100 basis
points to 6.00% from Nov 1. (Cogencis) End
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