* APLAB: To merge arm Intel Instruments and Systems with self.
* ARSHIYA INTERNATIONAL: Will meet Saturday to discuss the financial affairs of the company and consider appointing accountants to probe financial wrongdoing. Is likely to opt for corporate debt restructuring route as the company stares at mounting debt and falling market capitalisation.
* BHARTI AIRTEL: Vineet Taneja, director of south India and Sri Lanka operations, has quit.
* BHUSHAN STEEL: The National Stock Exchange will exclude the company from the futures and options segment effective Apr 1.
* CAIRN INDIA: The committee that oversees operations of the Rajasthan oil block is expected to meet today to consider further exploration plan.
* CANARA BANK: Has increased interest rates on some deposits effective Friday.
* COAL INDIA: Arm Bharat Coking Coal has come under Competition Commission of India's scanner for floating a vendor-biased global tender against the norms.
* DELTA CORP: Has allotted 1.67 mln shares to shareholders of merged company Richtime Realty Pvt Ltd.
* ESSAR OIL: And GAIL INDIA have firmed up plans to tap gas reserves in West Bengal .
* ESTER INDUSTRIES: Board has approved restructuring of the company.
* EXIDE INDUSTRIES: Oct-Dec net profit of 1.04 bln rupees was flat on year and way below analysts' estimate due to high input cost, sluggish demand from original equipment segment.
* FEDERAL BANK: Posted net profit of 2.11 bln rupees in Oct-Dec as against 2.02 bln rupees in the same period last year.
* GUJARAT CRAFT INDUSTRIES: To issue 1.77 mln warrants on preferential basis.
* GUJARAT NRE COKE: Institutional Investors Advisory Services has asked the shareholders to vote against a proposal to merge Bharat NRE Coke with the company as the merger ratio is tweaked in favour of promoters.
* GVK POWER & INFRASTRUCTURE: The National Stock Exchange will exclude the company from the futures and options segment effective Apr 1.
.
* HCL TECHNOLOGIES: And TATA CONSULTANCY SERVICES have bagged long-term software and information technology infrastructure management contracts from Nokia.
* HERO MOTOCORP: Posted a net profit of 4.8 bln rupees in Oct-Dec, down 20% from same period last year. According to sources, the company has offered a wage hike of 7,500 rupees per month, but workers are not convinced as they seek double the amount offered.
* INTERWORLD DIGITAL: To merge Prashant Software with itself.
* ITC: West Bengal government has allotted to the company 40 acres of land at Panchla, near Kolkata to set up an integrated consumer goods manufacturing and logistics facility.
* JET AIRWAYS: Has entered into a partnership with CentrumDirect to offer foreign exchange services to passengers flying abroad.
* KINGFISHER AIRLINES: Company's lenders will meet today to discuss the airline's debt repayment and revival plan.
* MAGMA FINCORP: Plans to raise up to 5 bln rupees. The company consolidated net profit in Oct-Dec stood at 364.27 mln rupees.
* MAHANAGAR TELEPHONE NIGAM: Has mandated property consultant DTZ and Feedback Infrastructure Services to help it monetise its 0.78 mln sq ft of built-up office space, and land parcels in Mumbai and Delhi .
* MOUNT SHIVALIK INDUSTRIES: Has entered into a contract brewing arrangement with Molson Coors Cobra India for manufacturing beer products for the company in Bihar .
* SRIYAM IMPEX: Board has approved restructuring of the company.
* SJVN: Has signed a memorandum of understanding with the Bihar government to set up a 1,320 MW thermal plant at Chausa in Bihar .
* SUZLON ENERGY: Lenders have approved the proposal to recast its 140-bln-rupee debt on condition that it makes 2.5-bln-rupee capital infusion now and 5 bln rupees over the next 18 months.
* WIPRO: Reports consolidated net profit of 17.16 bln rupees for Oct-Dec, higher than analysts' estimate of 16.1 bln rupees.
* ZEE ENTERTAINMENT ENTERPRISES: Relief for the company as the Bombay High Court passed an order asking the company to pay only a part of the money due to Klassic Studios & Films.
