* 8K MILES SOFTWARE SERVICES: Has acquired FuGen Solutions for $7.5 mln, to expand and build on its cloud computing and big data security services and solutions.
* CIPLA: The Association of Biotechnology Led Enterprises raised concerns that the company may not have followed prescribed norms while launching its rheumatism drug Etanercept.
* DLF: Got bids for 148.10 mln shares in its institutional placement programme of 81 mln shares in the price band of 222-233 rupees per share.
* ELDER PHARMACEUTICALS: Has dropped the plan to merge group company ELDER HEALTH CARE with itself.
* FUTURE RETAIL: The Competition Commission of India has cleared the 22.5% stake sale by the company in its life insurance joint venture.
* GAIL ( INDIA ): May challenge the regulatory order to sharply cut its pipeline tariff for its KG Basin gas pipeline network. The cut is expected to erode its revenue by 1.4-1.5 bln rupees on an annualised basis.
* HERO MOTOCORP: Has tied up with Indy Motos Group of Guatemala to sell two-wheelers in Guatemala , Honduras , and El Salvador .
* HINDALCO INDUSTRIES: Subsidiary Novelis reported a net income of $80 mln in Jan-Mar, up $55 mln from the same period last year. Net sales declined slightly to $2.5 bln.
* ICICI BANK: The Reserve Bank of India has sent show-cause notices to the bank, HDFC BANK, and AXIS BANK, the three lenders named in the first three Cobrapost sting cases.
* ITC: Is considering forays into various new segments, including oral care.
* JET AIRWAYS: SEBI has relaxed the requirement of 12-week cool-off period after the proposed inter se transfer of shares for the company's offer for sale.
- Proxy advisory firm Stakeholders Empowerment Services has said the company's proposed amendments to the Articles of Association in order to facilitate the deal with Etihad has lot of corporate governance issues.
* KINGFISHER AIRLINES: The Airports Authority of India has filed a civil law suit against the company in Mumbai to recover dues of 1.83 bln rupees.
* LINDE INDIA: Promoter BOC Group plans to sell 12.34 mln shares of the company through an offer for sale on Thursday.
* MAHINDRA & MAHINDRA: Has begun offering a variety of discounts and schemes leading to savings of 50,000 rupees on the sticker price of its XUV500, and Quanto models in order to woo buyers.
* OIL AND NATURAL GAS CORP: The power project of its joint venture ONGC Tripura Power Corp is estimated to get 1.6 mln carbon credits each year.
* PFIZER: Jan-Mar net profit increased 21% on year to 581.60 mln rupees, net sales remained flat at 2.52 bln rupees.
* RANBAXY LABORATORIES: Analysts said the company faces a notional loss of $1 bln, double of what it paid as penalty for wrongdoings in the US .
* STATE BANK OF INDIA : Chairman Pratip Chaudhuri said the bank would not give up claims on bad debts and non-performing asset write-offs in the textile sector.
* TALWALKARS BETTER VALUE FITNESS: Has entered into a master franchise agreement for opening 30 small format gyms.
* TAMIL NADU NEWSPRINT AND PAPERS: Plans to set up a 200,000 tn per year multi-layer, double-coated board plant at an investment of 12 bln rupees.
* TATA MOTORS: Has converted 306 foreign currency convertible bonds worth $30.6 mln into 1.79 mln American depositary receipts and 2.85 mln shares of the company.
* TATA STEEL: Moody's had said the company's $1.6 bln write-down in European assets will not have any immediate rating impact. Fitch has said the write-down reflects weak prospects in the region.
* TATA TELESERVICES ( MAHARASHTRA ): Its number of subscribers fell by 30,000 to 10.50 mln in April.
* UNITED BANK OF INDIA : Is planning to raise 10 bln rupees through institutional placement of shares by September.
