* BAJAJ ELECTRICALS: Chairman Shekhar Bajaj has said slowing economy is hampering company's engineering procurement construction order flows, which is pulling down its overall growth.
* CENTRAL BANK OF INDIA : Has said that banks may need additional capital infusion in the wake of the RBI's proposed move to hike provisioning requirements for restructured loans classified as standard assets.
* CIPLA: Oct-Dec net profit increased 25.5% on year to 3.4 bln rupees. Net sales grew 19% to 20.31 bln rupees. Yusuf Khwaja Hamied has decided to step down as managing director effective Mar 31, but will remain its non-executive chairman.
* CHOLAMANDALAM INVESTMENT AND FINANCE CO: The floor price of the 3-bln-rupee qualified institutional placement of shares that opened Wednesday is 279.69 rupees a share.
* CORPORATION BANK: Has cut its Base Rate by 25 basis points to 10.25%.
* DHUNSERI PETROCHEM: Plans to take its downstream petrochemicals facility in Egypt on stream by July.
* GAIL INDIA : Is looking to be a part of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project consortium.
* GODREJ INDUSTRIES: Reported 112% on year increase in Oct-Dec consolidated net profit to 1.79 bln rupees. Net sales were up 16.7% at 16.80 bln rupees.
* HCL INFOSYSTEMS: Is in talks to get a strategic partner for its personal computers business.
* HERO MOTOCORP: Workers negotiating wage settlement have demanded doubling of monthly salary to nearly 100,000 rupees, apart from other benefits.
* ITC: Chairman Y.C. Deveshwar sold 900,000 shares of the company for nearly 270 mln rupees.
* IRB INFRASTRUCTURE DEVELOPERS: Will not have to pay Mumbai's Service Tax Commissioner's tax demand of 5.78 bln rupees due to a favourable judgement from Custom Excise and Service Tax Appellate Tribunal. Is looking to refinance road projects worth 50 bln rupees this year.
* JET AIRWAYS: The foreign direct investment deal between the company and Abu Dhabi-based Etihad Airways is likely to be completed in the next 10-15 days.
* JINDAL STEEL: Has secured environment ministry clearance to mine iron ore and manganese in Asia 's largest sal forest in Jharkhand's Naxal-affected area.
* LARSEN & TOUBRO: A 50-mtr-wide slab at the company's under construction project in Mumbai crashed down killing one and injuring seven others.
* MAHINDRA LIFESPACE DEVELOPERS: Prithvi Steels will set up a manufacturing unit spread over 2 acres in the company's joint venture Mahindra World City Jaipur.
* MAHANAGAR TELEPHONE NIGAM: Has slashed pulse rates by up to a third in Mumbai, making landline calls costlier for its subscribers.
* MARICO: Has decided to exit branded rice segment with 'Arise', which existed under its Saffola brand franchise.
* NANDAN EXIM: Board has approved capital expenditure of 8.14 bln rupees for expanding its denim manufacturing capacity by 42 mln mtr per annum.
* NTPC: Government has fixed a floor price of 145 rupees per share for the 'offer for sale' of 9.5% stake in the company.
* OIL AND NATURAL GAS: The subsidy burden of the company is set to be highest ever at over 500 bln rupees in the current financial year to March.
* RELIANCE COMMUNICATIONS: Supreme Court has ordered a "sine die" adjournment of hearing on a petition filed by telecom operators using global system for mobile communications platform challenging the government's 2007 decision to grant dual-technology licences to the company and Tata Teleservices.
* RELIANCE INFRASTRUCTURE: Mumbai Metropolitan Region Development Authority is taking steps to terminate the second metro rail line contract that was awarded to the company as it failed to start construction in three years.
* SUZLON ENERGY: May have to sell stake in three subsidiaries this year to pre-pay debt servicing obligations.
* TECH MAHINDRA: Oct-Dec net profit was flat on year at 2.76 bln rupees. Revenues increased 24% on year to 17.91 bln rupees.
* UNITED BREWERIES: Oct-Dec net profit increased 17% on year to 335.2 mln rupees. Net sales declined 18% to 7.7 bln rupees.
* UNITED BREWERIES HOLDINGS: Auditors of the UB Group have raised concerns over the company's exposure to the grounded KINGFISHER IRLINES.
