* ANDHRA BANK: Has decided to drop plan to cut its base rate as announced on Monday after the Reserve Bank of India announced steps to curb liquidity.
* BAJAJ AUTO: Maharashtra Labour Minister Hasan Mushrif will, within a week, meet the Bajaj Auto management and the workers' union to try and end the deadlock between the two sides.
* CAN FIN HOMES: The company is looking at branch expansion for market penetration.
* CIPLA: Has completed acquisition of 100% stake in Cipla Medpro South Africa for an aggregate consideration of 27.1 bln rupees.
* COAL INDIA: The company which plans to invest 60 bln rupees in foreign acquisitions in Apr-Mar (2013-14), is evaluating buying stakes in three coal assets in Australia . The company will enter into seven-eight more fuel supply pacts with NTPC for 4,000 MW generation capacities today.
* HINDALCO IND: Workers at the company's Hirakud smelter called off their strike late Tuesday.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: Mumbai International Airport has sought 2.76 bln rupees as liquidated damages for non-adherence to timelines under contractual liability.
* JET AIRWAYS: Etihad Airways, which had earlier agreed to buy 24% stake in the company, has sought a reduction in the premium it was willing to pay on the shares of the Indian carrier. The company will seek shareholders' nod to elevate promoter Naresh Goyal's daughter Namrata and son Nivaan early next month.
* KARUR VYSYA BANK: Will cut its base rate and benchmark prime lending rate by 25 basis points each to 10.50% and 15.50% on Thursday.
* NIIT TECHNOLOGIES: Posted consolidated net profit of 532.0 mln rupees for Apr-Jun, down 7.5% on year. The company plans to hire around 400 staff by March for executing a contract from the Airports Authority of India.
* OBEROI REALTY: Said it is facing sluggish demand for its commercial projects.
* OIL AND NATURAL GAS CORP: And MANGALORE REFINERY AND PETROCHEMICALS that jointly own 49% stake in ONGC Mangalore Petrochemicals seek bids to sell 26% in the latter.
* PUNJAB NATIONAL BANK: Does not see any need to change lending rates presently in the wake of Reserve Bank of India 's steps to curb volatility.
* PUNJ LLOYD: Is planning to refinance up to 14 bln rupees debt into dollar loans over the next six months to cut costs and soften the impact of a falling rupee.
* RELIANCE INDUSTRIES: The Ministerial Panel on Commercial Utilization of Gas will meet today to re-priorities allocation of domestically produced gas to consumers such as power and fertiliser units from the company's KG-D6 block. Gujarat State Petroleum oration hopes to soon get green clearances for laying onshore installations at the KG basin block.
* SANDUR MANGANESE & IRON ORES: Has denied a report that the promoters of the company are in talks to sell a substantial portion of their stake to JSW STEEL.
* SAREGAMA INDIA: The company has partnered with Home Entertainment Services by Sony DADC, under which the latter will undertake sales, marketing and distribution of content on its behalf across all the physical formats such as CDs and DVDs.
* STANDARD CHARTERED: The bank is selling its office building in the Goregaon area of Mumbai.
* STATE BANK OF INDIA : Is not considering raising interest rates following measures taken by Reserve Bank of India to tighten liquidity.
* TATA POWER: Has asked its creditors to extend the exemption in a bid to avoid penalties.
* TEXMACO RAIL: Chairman Saroj Poddar has said the company is eyeing a strategic alliance with KALINDEE RAIL NIRMAN.
* V-GUARD INDUSTRIES: The company has increased capacity at its Kashipur cable unit in Uttarakhand.
* BAJAJ AUTO: Maharashtra Labour Minister Hasan Mushrif will, within a week, meet the Bajaj Auto management and the workers' union to try and end the deadlock between the two sides.
* CAN FIN HOMES: The company is looking at branch expansion for market penetration.
* CIPLA: Has completed acquisition of 100% stake in Cipla Medpro South Africa for an aggregate consideration of 27.1 bln rupees.
* COAL INDIA: The company which plans to invest 60 bln rupees in foreign acquisitions in Apr-Mar (2013-14), is evaluating buying stakes in three coal assets in Australia . The company will enter into seven-eight more fuel supply pacts with NTPC for 4,000 MW generation capacities today.
* HINDALCO IND: Workers at the company's Hirakud smelter called off their strike late Tuesday.
* HOUSING DEVELOPMENT & INFRASTRUCTURE: Mumbai International Airport has sought 2.76 bln rupees as liquidated damages for non-adherence to timelines under contractual liability.
* JET AIRWAYS: Etihad Airways, which had earlier agreed to buy 24% stake in the company, has sought a reduction in the premium it was willing to pay on the shares of the Indian carrier. The company will seek shareholders' nod to elevate promoter Naresh Goyal's daughter Namrata and son Nivaan early next month.
* KARUR VYSYA BANK: Will cut its base rate and benchmark prime lending rate by 25 basis points each to 10.50% and 15.50% on Thursday.
* NIIT TECHNOLOGIES: Posted consolidated net profit of 532.0 mln rupees for Apr-Jun, down 7.5% on year. The company plans to hire around 400 staff by March for executing a contract from the Airports Authority of India.
* OBEROI REALTY: Said it is facing sluggish demand for its commercial projects.
* OIL AND NATURAL GAS CORP: And MANGALORE REFINERY AND PETROCHEMICALS that jointly own 49% stake in ONGC Mangalore Petrochemicals seek bids to sell 26% in the latter.
* PUNJAB NATIONAL BANK: Does not see any need to change lending rates presently in the wake of Reserve Bank of India 's steps to curb volatility.
* PUNJ LLOYD: Is planning to refinance up to 14 bln rupees debt into dollar loans over the next six months to cut costs and soften the impact of a falling rupee.
* RELIANCE INDUSTRIES: The Ministerial Panel on Commercial Utilization of Gas will meet today to re-priorities allocation of domestically produced gas to consumers such as power and fertiliser units from the company's KG-D6 block. Gujarat State Petroleum oration hopes to soon get green clearances for laying onshore installations at the KG basin block.
* SANDUR MANGANESE & IRON ORES: Has denied a report that the promoters of the company are in talks to sell a substantial portion of their stake to JSW STEEL.
* SAREGAMA INDIA: The company has partnered with Home Entertainment Services by Sony DADC, under which the latter will undertake sales, marketing and distribution of content on its behalf across all the physical formats such as CDs and DVDs.
* STANDARD CHARTERED: The bank is selling its office building in the Goregaon area of Mumbai.
* STATE BANK OF INDIA : Is not considering raising interest rates following measures taken by Reserve Bank of India to tighten liquidity.
* TATA POWER: Has asked its creditors to extend the exemption in a bid to avoid penalties.
* TEXMACO RAIL: Chairman Saroj Poddar has said the company is eyeing a strategic alliance with KALINDEE RAIL NIRMAN.
* V-GUARD INDUSTRIES: The company has increased capacity at its Kashipur cable unit in Uttarakhand.
