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Bharti Infratel: KKR and pension giant Canada Pension Plan Investment Board (CPPIB) are in talks with Bharti Airtel to acquire a significant stake in its listed tower arm Bharti Infratel, as per media reports.
Reliance Industries: The Directorate General of Hydrocarbons is understood to have computed the penalty payable by Reliance Industries (RIL) for exploiting natural gas that migrated to its KG-D6 block from ONGC’s adjacent asset at upwards of $1 bn, as per media reports.
NBCC: The government will engage state-run construction company NBCC to monetise around 771 acre of prime land held by erstwhile VSNL, a company that the government had sold to the Tata group in 2002 as part of its asset-sale programme.
SBI & ICICI Bank: State Bank of India (SBI) and ICICI Bank, have cut lending rates by 0.15 per cent and 0.10 per cent, respectively, under a new system of interest rate computation, signalling a further dip in borrowing costs ahead of the busy season.
Bharat Financial: Bharat Financial Inclusion, formerly SKS Microfinance, on Friday reported an 87.3 per cent rise in net profit at Rs 145 crore for the September quarter.
Bosch: Bosch said it would cease operations at its Jaipur plant following a notice by Rajasthan State Pollution Control Board for alleged violation of norms regarding waste-water treatment.
ONGC: ONGC Videsh Ltd, the overseas arm of state-owned ONGC, has completed the acquisition of additional 11% interest in Russia’s Vankor oilfield, taking its total stake to 26%.
Karnataka Bank: The bank informed the BSE that the board of directors at its meeting held on Friday finalised the right issue opening and issue closing dates. The issue opens on November 7, and closes on November 21. Last date for request of split application form is November 15.
Ujaas Energy: The company reported a net profit of Rs 9.7 crore for the quarter ended September 30 compared with Rs 3.3 crore reported in the year-ago period.
Heritage Foods: The company said it would acquire the dairy business of Reliance Retail through a slump sale. The company has executed a binding agreement for the acquisition. The proposed transaction is subject to regulatory approvals and other conditions and procedures that are customary for similar transactions, Heritage Foods said in a BSE filing.