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The IPO would also help the company in fixing the share-swap ratio in the event of a possible M&A activity.

HDFC Standard Life promoters to dilute 14.92 pc stake

HDFC Standard Life was among the top three private players in the life segment in terms of market share.

31 Oct 2017 12:25 PM GMT

Bharti Airtel Ltd is mulling phasing out its 3G service in two years and upgrading all its subscribers to the 4G network. (Photo: PTI)

Bharti Airtel second-quarter profit plunges 77 per cent

Profit fell to 3.43 billion rupees in the quarter ended September 30 from 14.61 billion rupees a year earlier.

31 Oct 2017 12:11 PM GMT

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

HPCL to acquire MRPL in share-swap deal

At present, ONGC owns 71.63 per cent stake in MRPL while HPCL has 16.96 per cent.

31 Oct 2017 8:16 AM GMT

RCom chairman Anil Ambani

RCom shares in heavy demand; zoom over 16 per cent

Firm will sell telecom tower and real estate businesses to pay off Rs 27,000 cr out of Rs 45,000 cr of debt.

31 Oct 2017 8:07 AM GMT

Bharti Telecom to stake in Bharti Airtel to 50.1 per cent

Shares of Bharti Airtel closed at Rs 492.8, up by 1.59 per cent, on BSE.

30 Oct 2017 10:54 AM GMT

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC shares gain over 4 per cent after Q2 earnings

Net profit of Rs 5,131 crore in July-September was 3.1 per cent higher than Rs 4,975 crore.

30 Oct 2017 7:21 AM GMT

HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of 2017.

HSBC posts higher 3Q profit as Asian pivot pays off

HSBC is in the midst of carrying out a restructuring with the goal of increasing profitability.

30 Oct 2017 5:28 AM GMT

Bandhan Bank plans to open another 60 branches over the next six months, said MD and CEO Chandra Shekhar Ghosh. Photo: Bandhan Bank website.

Bandhan Bank Q2 net profit rises 18.2 pc to Rs 331 cr

Net interest income of the lender for the reporting quarter was at Rs 694 crore as against Rs 596 crore.

28 Oct 2017 1:10 PM GMT

In December last year, Canara Bank had said it proposes to bring down stake in its housing finance subsidiary CanFin Homes to 30 per cent.

Canara Bank Q2 net profit down 27 per cent to Rs 260 crore

Net profit for the first half of the fiscal declined to Rs 511.78 crore from Rs 585.86 crore.

27 Oct 2017 2:12 PM GMT

Diversified conglomerate ITC on Thursday reported an increase of 7.37 per cent in standalone net profit to Rs 2,560.50 crore for Q1.

ITC Q2 net up 6 per cent at Rs 2,640 crore, cigarettes hit by high tax

Company's total income during the second quarter of 2017-18 was Rs 10,258.13 crore.

27 Oct 2017 2:02 PM GMT

ICICI Banks USD 7.5 billion global medium-term notes programme.

ICICI Bank second-quarter profit falls, lags estimates

Gross bad loans as a percentage of total loans stood at 7.87 per cent at end-September.

27 Oct 2017 11:48 AM GMT

The Maruti Suzuki plant suffers damage and the police later books 147 workers in connection with the case. They are later charged with conspiracy to commit murder, arson and rioting.

Maruti Suzuki Q2 net profit grows 3.4 pc to Rs 2,484 cr

The company's stock was trading at Rs 8,171.45 per scrip, up 1.18 per cent on BSE.

27 Oct 2017 9:01 AM GMT