* BHARTI AIRTEL: Arm Airtel mCommerce Services and AXIS BANK have partnered to extend banking and payment services on mobile platform. The company is in advanced talks to sell its Sri Lankan operations to Abu Dhabi 's Etisalat.
* CIPLA: Has set a target to more than triple its annual revenue to $5 bln by 2020, from around $1.5 bln in 2012-13 (Apr-Mar).
* COAL INDIA: Margin from incremental coal sales will be under pressure as the company will be selling the entire volume to the power sector at least for the next two-three years.
* COROMANDEL ENGINEERING CO: Board has approved raising 300 mln rupees through allotment of 2.5 mln cumulative redeemable preference shares.
* DR REDDY'S LABORATORIES: Has launched divalproex sodium extended-release tablets in the US .
* FINANCIAL TECHNOLOGIES: Arm National Spot Exchange, which has so far collected just 4 mln rupees of dues against the requirement of 1.74 bln rupees for the second weekly payout on Tuesday, has received no monies Thursday. The income tax department has conducted searches on business premises of 24 members of National Spot Exchange in various cities.
* FUTURE VENTURES INDIA : Is in final stages of negotiations to sell its 22.86% stake in apparel maker AND Designs India to private equity fund General Atlantic for 1.50-2.00 bln rupees. The company is looking to raise 6-8 bln rupees in 2013-14 (Apr-Mar) from stake sale in AND, Biba.
* GAIL INDIA : Petronet LNG has accused the company of underutilisation of its Kochi terminal capacity, which received the first cargo of liquefied natural gas from Qatar on Thursday.
* HERO MOTOCORP: Has launched its range of two-wheelers in Peru , and will open 85 outlets in the Latin American country.
* HEXAWARE TECHNOLOGIES: Board will meet today to consider purchase of controlling stake in the company by Baring Private Equity Partners Asia for $400 mln.
* HINDUSTAN ZINC: Has raised the price of special high-grade zinc by 6,800 rupees a tn to 152,400 rupees at Chanderiya complex.
* HOUSING DEVELOPMENT FINANCE CORP: Has hiked its retail prime lending rate, against which all floating-rate loans are benchmarked, by 25 bps to 10.25%.
* ICICI BANK: Will increase base rate by 25 basis points to 10%, effective Fri.
* INDIAN OIL CORP: May raise 1.25 bln rupees from sale of 6.90%, 2026 oil bonds. Will go ahead with its 43.2-bln-rupee liquefied natural gas plant at Ennore in Tamil Nadu irrespective of whether it gets a joint venture partner now or later.
* JSW STEEL: To consider selling its US mill complex to help reduce debt and boost earnings.
* LARSEN & TOUBRO: Has an order pipeline worth 50 bln rupees in Qatar , including a project for transmission and distribution works.
* MPHASIS: Promoter Hewlett-Packard reported a profit of $1.39 bln in May-Jul, against a loss of $8.86 bln year ago. Net revenue was $27.2 bln, down 8% on year. The company expects sales to be sluggish going forward.
* NHPC: Plans to buy back shares worth 16 bln rupees, instead of going for an offer for sale as was earlier proposed.
* NMDC: Has decided not to invest in the rights share issue of its Australian arm, Legacy Iron Ore. Instead, the company will arrange a loan of Australian $3 mln.
* POLARIS FINANCIAL TECHNOLOGY: The proposed sale of company's information technology business is unlikely to take place on concerns over valuation, promoter's strategic plans.
* RELIANCE INDUSTRIES: The government wants to conclusively end the controversy over the company's KG-D6 field and is planning to appoint an independent consultant to check if the company had hoarded natural gas.
-The company has asserted it is being singled out for falling gas output while many companies were starved of gas allocated to them as a result of lower-than-projected output by state-run firms OIL AND NATURAL GAS CORP and OIL INDIA .
- The company has said it may not participate in future exploration and production ventures in India . The company, which holds a pan-India 4G-telecom spectrum for data services, has applied for a licence to offer mobile telephony.
* RELIANCE INFRASTRUCTURE: Maharashtra Electricity Regulatory Commission has allowed the company to hike tariffs for 2013-14 (Apr-Mar) by 0.18%.
* STEEL AUTHORITY OF INDIA : A consortium of Indian companies led by the company is likely to sign a draft contract to develop iron ore mines in Hajigak , Afghanistan , in the next few weeks.
* SRK INDUSTRIES: Board has approved two-for-one stock split.
* STATE BANK OF INDIA : Has maintained its view that if the US Federal Reserve tapered its quantitative easing programme, it would be "divorced from reality", as macroeconomic indicators were not in favour of such a move.
* TATA MOTORS: Logistic firm DHL, which delivers auto parts to Jaguar Land Rover in the UK , is in talks with its workers to avert an industrial action.
* TATA POWER: National Environmental Engineering Research Institute has endorsed the company's environment impact assessment report for modernisation of its 500 MW unit VI at Trombay.
* ZENSAR TECHNOLOGIES: Has won multi-year multi-million-dollar deals in the US , including a five-year infrastructure outsourcing deal.
* CIPLA: Has set a target to more than triple its annual revenue to $5 bln by 2020, from around $1.5 bln in 2012-13 (Apr-Mar).
* COAL INDIA: Margin from incremental coal sales will be under pressure as the company will be selling the entire volume to the power sector at least for the next two-three years.
* COROMANDEL ENGINEERING CO: Board has approved raising 300 mln rupees through allotment of 2.5 mln cumulative redeemable preference shares.
* DR REDDY'S LABORATORIES: Has launched divalproex sodium extended-release tablets in the US .
* FINANCIAL TECHNOLOGIES: Arm National Spot Exchange, which has so far collected just 4 mln rupees of dues against the requirement of 1.74 bln rupees for the second weekly payout on Tuesday, has received no monies Thursday. The income tax department has conducted searches on business premises of 24 members of National Spot Exchange in various cities.
* FUTURE VENTURES INDIA : Is in final stages of negotiations to sell its 22.86% stake in apparel maker AND Designs India to private equity fund General Atlantic for 1.50-2.00 bln rupees. The company is looking to raise 6-8 bln rupees in 2013-14 (Apr-Mar) from stake sale in AND, Biba.
* GAIL INDIA : Petronet LNG has accused the company of underutilisation of its Kochi terminal capacity, which received the first cargo of liquefied natural gas from Qatar on Thursday.
* HERO MOTOCORP: Has launched its range of two-wheelers in Peru , and will open 85 outlets in the Latin American country.
* HEXAWARE TECHNOLOGIES: Board will meet today to consider purchase of controlling stake in the company by Baring Private Equity Partners Asia for $400 mln.
* HINDUSTAN ZINC: Has raised the price of special high-grade zinc by 6,800 rupees a tn to 152,400 rupees at Chanderiya complex.
* HOUSING DEVELOPMENT FINANCE CORP: Has hiked its retail prime lending rate, against which all floating-rate loans are benchmarked, by 25 bps to 10.25%.
* ICICI BANK: Will increase base rate by 25 basis points to 10%, effective Fri.
* INDIAN OIL CORP: May raise 1.25 bln rupees from sale of 6.90%, 2026 oil bonds. Will go ahead with its 43.2-bln-rupee liquefied natural gas plant at Ennore in Tamil Nadu irrespective of whether it gets a joint venture partner now or later.
* JSW STEEL: To consider selling its US mill complex to help reduce debt and boost earnings.
* LARSEN & TOUBRO: Has an order pipeline worth 50 bln rupees in Qatar , including a project for transmission and distribution works.
* MPHASIS: Promoter Hewlett-Packard reported a profit of $1.39 bln in May-Jul, against a loss of $8.86 bln year ago. Net revenue was $27.2 bln, down 8% on year. The company expects sales to be sluggish going forward.
* NHPC: Plans to buy back shares worth 16 bln rupees, instead of going for an offer for sale as was earlier proposed.
* NMDC: Has decided not to invest in the rights share issue of its Australian arm, Legacy Iron Ore. Instead, the company will arrange a loan of Australian $3 mln.
* POLARIS FINANCIAL TECHNOLOGY: The proposed sale of company's information technology business is unlikely to take place on concerns over valuation, promoter's strategic plans.
* RELIANCE INDUSTRIES: The government wants to conclusively end the controversy over the company's KG-D6 field and is planning to appoint an independent consultant to check if the company had hoarded natural gas.
-The company has asserted it is being singled out for falling gas output while many companies were starved of gas allocated to them as a result of lower-than-projected output by state-run firms OIL AND NATURAL GAS CORP and OIL INDIA .
- The company has said it may not participate in future exploration and production ventures in India . The company, which holds a pan-India 4G-telecom spectrum for data services, has applied for a licence to offer mobile telephony.
* RELIANCE INFRASTRUCTURE: Maharashtra Electricity Regulatory Commission has allowed the company to hike tariffs for 2013-14 (Apr-Mar) by 0.18%.
* STEEL AUTHORITY OF INDIA : A consortium of Indian companies led by the company is likely to sign a draft contract to develop iron ore mines in Hajigak , Afghanistan , in the next few weeks.
* SRK INDUSTRIES: Board has approved two-for-one stock split.
* STATE BANK OF INDIA : Has maintained its view that if the US Federal Reserve tapered its quantitative easing programme, it would be "divorced from reality", as macroeconomic indicators were not in favour of such a move.
* TATA MOTORS: Logistic firm DHL, which delivers auto parts to Jaguar Land Rover in the UK , is in talks with its workers to avert an industrial action.
* TATA POWER: National Environmental Engineering Research Institute has endorsed the company's environment impact assessment report for modernisation of its 500 MW unit VI at Trombay.
* ZENSAR TECHNOLOGIES: Has won multi-year multi-million-dollar deals in the US , including a five-year infrastructure outsourcing deal.
