* ALSTOM INDIA: French parent saw 32% year-on-year fall in orders from Europe, Africa, and West Asia to 4.07 bln euros in Apr-Jun.
* AMBUJA CEMENTS: Net profit fell 30.9% on year to 3.24 bln rupees in Apr-Jun. Net sales were 23.46 bln rupees, down 8.6% on year. Holcim Ltd has streamlined its Indian operations by a complex restructuring exercise, which will lead to its stake in the company rising to 61.39% from 50.55%. The company, in turn, will also acquire Holcim India 's 50.01 stake in ACC.
* ANDHRA BANK: Has appointed McKinsey to draft business transformation plan for the bank.
* CAIRN INDIA: Has posted a net profit of 31.27 bln rupees for Apr-Jun, down 18.3% on year. Income from operations fell 8.5% on year to 40.63 bln rupees.
* DIAMOND POWER INFRASTRUCTURE: Board has approved one-for-three bonus share issue. The company will also issue 1.85 mln shares to promoters on preferential basis.
* ELDER PHARMACEUTICALS: Private equity funds such as TPG, Kohlberg Kravis Robert & Co, and Carlyle are in talks to acquire the company's domestic formulations business. Sanofi's India unit and Carlyle Group are in separate talks to buy domestic drug formulations business of the company for $400 mln-$450 mln.
* FRESENIUS KABI ONCOLOGY: US Food and Drug Administration has issued a warning letter to the company for violating manufacturing norms at its Kalyani facility in West Bengal .
* GMR INFRASTRUCTURE: Nepal 's Supreme Court has stayed the company's talks for developing a 900 MW hydropower project, following a petition claiming that it ignored rights of local people.
* HERO MOTOCORP: Has posted a net profit of 5.48 bln rupees for Apr-Jun, down 10.9% on year. Net sales fell 1.3% on year to 61.27 bln rupees.
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* INDIAN OIL CORPORATION: Has raised $500 mln through issuance of dollar- denominated bonds maturing in 10 years. The Cabinet Committee on Economic Affairs will consider a proposal to divest 10% government stake in Indian Oil Corp at its meeting on Thursday.
* INFOSYS: Life Insurance Corp of India has increase stake in the company to 6.7% as on Jun 30 from 5.96% as on Mar 31.
* JET AIRWAYS INDIA : SEBI may approve the company's deal with Etihad Airways if the airline agrees to make important additional changes in their agreement.
* JINDAL POWER AND STEEL: Arm Jindal Power has tied up loans worth 54.18 bln rupees for the first phase of the 2,400-MW expansion of its Tamnar plant in Chhattisgarh.
* KALYANI STEELS: Has said high iron ore prices are pressuring margins.
* KARNATAKA BANK: Plans to raise up to 5 bln rupees through qualified institutional placement route.
* KPIT CUMMINS INFOSYSTEMS: Despite the 197-basis-point fall in its Apr-Jun consolidated operating margin, the company is confident of achieving its operating margin guidance for 2013-14 (Apr-Mar).
* MAHINDRA & MAHINDRA: Observed no production days at its Nashik plant between Thursday and Monday, and at its Igatpuri plant on Friday and Sunday to manage inventory levels.
* NOVARTIS INDIA: Has posted a net profit of 138.7 mln rupees in Apr-Jun, down 48.6% on year against 269.8 mln rupees. Net sales rose 1.7% on year to 2.19 bln rupees.
* ORIENTAL BANK: Has announced a 25-75-basis-point hike in interest rate on some short-term deposits below 10 mln rupees with effect from Thursday.
* RURAL ELECTRIFICATION CORPORATION: Has signed a loan agreement of 63.62 bln rupees with Damodar Valley Corp to fund its 2X660 MW supercritical thermal power plant in West Bengal .
* SKF INDIA: Has posted a net profit of 458.7 bln rupees for Apr-Jun, down 1.7% on year. Net sales fell 2.9% on year to 5.60 bln rupees.
* SPICEJET: May announce new chief executive officer and chief commercial officer by first week of August.
* SSPDL: Board has approved acquisition of partner Interserve's entire stake in joint venture SSPDL Interserve.
* STATE BANK OF INDIA : Chairman Pratip Chaudhuri said he favours a hike in the repo rate by the Reserve Bank of India as against liquidity tightening measures, which would make funds unavailable.
* TEXMACO RAIL AND ENGINEERING: Is eyeing aggressive exports to Kazakhstan in the absence of orders for wagons from Indian Railways.
* WINSOME DIAMONDS AND JEWELLERY: Lenders to the company will meet on Thursday to decide on a plan to restructure the repayment terms of the company's debt.
* AMBUJA CEMENTS: Net profit fell 30.9% on year to 3.24 bln rupees in Apr-Jun. Net sales were 23.46 bln rupees, down 8.6% on year. Holcim Ltd has streamlined its Indian operations by a complex restructuring exercise, which will lead to its stake in the company rising to 61.39% from 50.55%. The company, in turn, will also acquire Holcim India 's 50.01 stake in ACC.
* ANDHRA BANK: Has appointed McKinsey to draft business transformation plan for the bank.
* CAIRN INDIA: Has posted a net profit of 31.27 bln rupees for Apr-Jun, down 18.3% on year. Income from operations fell 8.5% on year to 40.63 bln rupees.
* DIAMOND POWER INFRASTRUCTURE: Board has approved one-for-three bonus share issue. The company will also issue 1.85 mln shares to promoters on preferential basis.
* ELDER PHARMACEUTICALS: Private equity funds such as TPG, Kohlberg Kravis Robert & Co, and Carlyle are in talks to acquire the company's domestic formulations business. Sanofi's India unit and Carlyle Group are in separate talks to buy domestic drug formulations business of the company for $400 mln-$450 mln.
* FRESENIUS KABI ONCOLOGY: US Food and Drug Administration has issued a warning letter to the company for violating manufacturing norms at its Kalyani facility in West Bengal .
* GMR INFRASTRUCTURE: Nepal 's Supreme Court has stayed the company's talks for developing a 900 MW hydropower project, following a petition claiming that it ignored rights of local people.
* HERO MOTOCORP: Has posted a net profit of 5.48 bln rupees for Apr-Jun, down 10.9% on year. Net sales fell 1.3% on year to 61.27 bln rupees.
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* INDIAN OIL CORPORATION: Has raised $500 mln through issuance of dollar- denominated bonds maturing in 10 years. The Cabinet Committee on Economic Affairs will consider a proposal to divest 10% government stake in Indian Oil Corp at its meeting on Thursday.
* INFOSYS: Life Insurance Corp of India has increase stake in the company to 6.7% as on Jun 30 from 5.96% as on Mar 31.
* JET AIRWAYS INDIA : SEBI may approve the company's deal with Etihad Airways if the airline agrees to make important additional changes in their agreement.
* JINDAL POWER AND STEEL: Arm Jindal Power has tied up loans worth 54.18 bln rupees for the first phase of the 2,400-MW expansion of its Tamnar plant in Chhattisgarh.
* KALYANI STEELS: Has said high iron ore prices are pressuring margins.
* KARNATAKA BANK: Plans to raise up to 5 bln rupees through qualified institutional placement route.
* KPIT CUMMINS INFOSYSTEMS: Despite the 197-basis-point fall in its Apr-Jun consolidated operating margin, the company is confident of achieving its operating margin guidance for 2013-14 (Apr-Mar).
* MAHINDRA & MAHINDRA: Observed no production days at its Nashik plant between Thursday and Monday, and at its Igatpuri plant on Friday and Sunday to manage inventory levels.
* NOVARTIS INDIA: Has posted a net profit of 138.7 mln rupees in Apr-Jun, down 48.6% on year against 269.8 mln rupees. Net sales rose 1.7% on year to 2.19 bln rupees.
* ORIENTAL BANK: Has announced a 25-75-basis-point hike in interest rate on some short-term deposits below 10 mln rupees with effect from Thursday.
* RURAL ELECTRIFICATION CORPORATION: Has signed a loan agreement of 63.62 bln rupees with Damodar Valley Corp to fund its 2X660 MW supercritical thermal power plant in West Bengal .
* SKF INDIA: Has posted a net profit of 458.7 bln rupees for Apr-Jun, down 1.7% on year. Net sales fell 2.9% on year to 5.60 bln rupees.
* SPICEJET: May announce new chief executive officer and chief commercial officer by first week of August.
* SSPDL: Board has approved acquisition of partner Interserve's entire stake in joint venture SSPDL Interserve.
* STATE BANK OF INDIA : Chairman Pratip Chaudhuri said he favours a hike in the repo rate by the Reserve Bank of India as against liquidity tightening measures, which would make funds unavailable.
* TEXMACO RAIL AND ENGINEERING: Is eyeing aggressive exports to Kazakhstan in the absence of orders for wagons from Indian Railways.
* WINSOME DIAMONDS AND JEWELLERY: Lenders to the company will meet on Thursday to decide on a plan to restructure the repayment terms of the company's debt.
