Page 353 - Bs Reporter

Petitions filed at Madras High Court to 'free' AIADMK MLAs

Petitioners allege that MLAs are kept in a house arrest

There is scope for lending rates to come down further: RBI

After RBI's decision to hold interest rates, Urjit Patel and other deputy governors spoke to media

Top five PE deals in January

The top five deals this year accounted for 67.40% of the total investment in terms of value

Over 37 million benefit as Gujarat becomes first to go cashless in PDS

State beats March deadline set by dept of consumer affairs, goes cashless in all 17,250 centres

Essar Projects bags contract for 100 km pipeline

Firm to lay pipelines between Jalandhar and Amritsar, a key part of 2,100-km plan covering 5 states

CarTrade raises $55 mn to fund acquisitions

Will use funds to buy smaller firms in used and new car space, and for car financing

India M&As could rise 48%, IPOs might dip 33% in 2017: Baker McKenzie

Baker McKenzie predicts IPOs worth $4.76 billion and $3.78 billion in 2018 and 2019, respectively

Srikalahasthi Pipes Q3 profit dips marginally to Rs 40 crore

Total income from operations at Rs 292 cr during the quarter, up from Rs 280 cr a year ago

Visa changes if any, will only impact at end of 2018: Hexaware

Changes are likely to be prospective, won't impact firm as it needn't alter existing H1-B salaries

ASK group makes Rs 440-crore exit from 3 realty projects

These include residential projects of Puranik Group, ATS Infrastructures, Shriram Properties

Hexaware Technologies Q4 PAT up 22.3% YoY

Revenue for the quarter increased 14.8% year-on-year to Rs 940.9 crore, grew 4% quarter-on-quarter

RBL Bank Q3 net up 59% to 129 cr on higher net interest income

Net interest income up 45%; other income up 66% to Rs 182 cr; slight improvement in asset quality

Lower demand widens Adani Power's Q3 standalone loss 16-fold to Rs 478 cr

-Posts consolidated net loss at Rs 323.61 crore as against a net profit of Rs 109.49 crore

Bank employees to hold all India strike on February 7

They allege that the cash crunch is continuing and most of the ATMs are still non-functional

Future Group bets on organic food, inks pact with Tilda Hain

FCL is the food and FMCG arm of Future Group, Tilda Hain India is a part of the Hain Celestial Group

Zydus Cadila acquires US-based specialty drugs player Sentynl

With this acquisition, Zydus makes a foray into the specialty pain market in the US valued at $8 bn

Phaneesh Murthy joins Cigniti as non-executive director

He was previously associated with Infosys and iGate in leadership roles

Gujarat announces 124% wage hike for fixed-pay employees from Feb 1

Over 118,000 staff to benefit; hike to cost state Rs 1,300 cr

AP eyes a bigger investment pie at the upcoming partnership summit

Total investment intents worth about Rs 5 lakh cr are expected at summit

HDFC Bank, Canara Bank cuts MCLR rates

The new rates are effective from January 7th