* ADANI ENTERPRISES: Adani Agro has set a clearing price of 221 rupees per share for its offer for sale of 8.5 mln shares of the company, which was slightly oversubscribed.
* BHARTI AIRTEL: Telecom Minister Kapil Sibal has given approval for imposing a 3.5-bln-rupee penalty on the company for violating 3G licence conditions. Malaysia-based Axiata has approached Bharti Airtel to buy the latter's Sri Lanka business.
* BS LTD: Arm BS Enviro Solutions has entered into a definitive agreement to buy 51% stake in Skywater India .
* CORE EDUCATION AND TECHNOLOGIES: Standard & Poor's Rating Services has placed its long-term corporate credit rating on the company in Credit Watch with negative implications.
* ESSAR OIL: Plans to spend around 25 bln rupees over the next year on drilling new wells and other infrastructure to ramp up gas production from its coal-bed methane block at Raniganj.
* FINKURVE FINANCIAL SERVICES: Has acquired 99.99% stake in RSBL Commodities.
* GAMMON INDIA: In talks with investors to sell up to 24% stake in subsidiary GAMMON INFRASTRUCTURE.
* GMR INFRASTRUCTURE: Has entered into an agreement with FPM Power Holdings to sell 70% stake in GMR Energy ( Singapore ) for Singapore $660 mln.
* HINDUSTAN UNILEVER: Seeks to sell 25-acre land near Hyderabad . Last date to submit bids for the same is Apr 8.
* HINDUSTAN ZINC: Minister of State for Commerce and Industry D. Purandeswari has urged the government not to divest further stake in the company. The minister has alleged that Vedanta group has not paid salaries to the employees for the past two months.
* IDFC: Arm has bought assets worth 2.5 bln rupees in Pune-based Paranjpe Schemes (Construction) Ltd's Hinjewadi special economic zone.
* INDIAN OIL CORP: The company's 15 mtpa refinery at Paradip, Odisha is expected to be complete by November.
* INFOSYS: Plans to hire around 200 new employees at its Cumberland office in Atlanta , US , in 2013-14 (Apr-Mar).
* JET AIRWAYS INDIA : Has replaced Airbus 330-200 with the higher capacity Airbus 330-300 on its Delhi-Toronto-Delhi route via Brussels because of growing demand.
* LLOYDS STEEL INDUSTRIES: Has received shareholders' approval for its proposed conversion of preference shares held by lender IDBI BANK into shares.
* MAHINDRA & MAHINDRA: Group posted a consolidated net profit of 12.54 bln rupees for the quarter ended Dec 31, up 50.8% on year.
* MAHINDRA LIFESPACE DEVELOPERS: Foreign institutional investors' holding in the company 28.06% on Mar 1.
* NATCO PHARMA: The Intellectual Property Appellate Board has upheld a compulsory licence allowing the company to manufacture and sell the cancer drug of Bayer Corp of India .
* OIL AND NATURAL GAS CORP: Defence ministry has rejected three blocks of the company and one each of CAIRN INDIA and BG Group on the east coast for drilling activities.
* POLARIS FINANCIAL: Is likely to hive off its IT services and cloud computing units in separate deals.
* RASHTRIYA CHEMICALS AND FERTILIZERS: Expects to kick off the 41.12-bln-rupee expansion project at its Thal unit in May.
* RELIANCE INDUSTRIES: Defence ministry has cleared the company's producing KG-D6 block and discovered NEC-25 block in east coast for future drilling.
* SUZLON ENERGY: Morgan Stanley Asia has bought 145.54 mln, or 8.19%, shares of the company from the market.
* TATA GLOBAL BEVERAGES: Will market, package, and distribute two products of South Indian Green Cardamom Co in India .
* TATA MOTORS: Production of Nano at the Sanand plant in Gujarat has been cut by over 80% to around 1,500 units a month.
* TRENT : Company's board has approved the merger of three of its arms, Landmark, Fiora Link Road Properties, and Trexa ADMC with itself.
* YES BANK: Foreign institutional investors cannot purchase any more shares of the bank as the limit for FII holding in the company has reached the cap of 49%.
