Sail in focus after Q3 earnings

Steel Authority of India (Sail)'s net profit rose 9.97% to Rs 532.60 crore on 7.14% increase in total income to Rs 11667.52 crore in Q3 December 2013 over Q3 December 2012. The result was announced after market hours on Friday, 14 February 2014.

Sail said that the board of directors of the company at its meeting held on 14 February 2014, inter alia, has approved interim dividend of Rs 2.02 per equity share for the year ending 31 March 2014.

On a consolidated basis, DLF's net profit fell 48.99% to Rs 145.29 crore on 13.05% increase in total income to Rs 2590.20 crore in Q3 December 2013 over Q3 December 2012.

Castrol India will announce its Q4 results on Monday, 17 February 2014.

Tata Motors announced after market hours on Friday, 14 February 2014, said that its global sales, including Jaguar Land Rover (JLR), declined by 20.71% to 80,163 units in January 2014 over January 2013.

Bharti Airtel is reportedly set to acquire Loop Mobile in a Rs 700 crore deal that may be announced as early as this week in what will be the first consolidation move in the country's telecom industry since 2008, taking India's biggest operator to the top spot in Mumbai. According to reports, the deal will be via a slump sale, in which one or more undertakings are transferred for a lump sum, without values being assigned to individual assets and liabilities.

GlaxoSmithKline Pharmaceuticals will be watched as the Britain-based GlaxoSmithKline Plc's voluntary open offer to the shareholders of its Indian subsidiary GlaxoSmithKline Pharmaceuticals is scheduled to start Tuesday, 18 February 2014. The global healthcare major plans to invest Rs 6390 crore to raise its stake in its Indian subsidiary to 75% from the existing 50.67%.

NMDC turns ex-dividend today, 17 February 2014, for second interim dividend of Rs 5.50 per share for the year ending 31 March 2014.

State Bank of India said on Saturday, 15 February 2014 that that it has decided to revise downwards the interest rates on bulk term deposits for Rs 1 crore and above effective from 18 February 2014. It has also decided to revise the interest rates on retail term deposits effective from 18 February 2014.

Punjab National Bank said on Saturday, 15 February 2014 that after regulatory approvals, the bank has decided to sell its entire stake in India Factoring & Financial Solutions (IFFSL) to parent promoter Fll (FIM Bank Malta). The transaction shall be completed during the current quarter ending 31 March 2014.

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