Tata Power: Tata Power posted a consolidated net profit of Rs 336 crore for the quarter ended on September 30, 2016. It had posted a consolidated net loss of Rs 96 crore in the corresponding quarter last year.
National Fertilizers: The company reported an 11% decline in net profit at Rs 46.5 crore for the quarter ended September 30. Its net profit had stood at Rs 52 crore in the year-ago period.
HCC: Hindustan Construction Company said its board would consider issuance of equity shares as well as optionally convertible debentures to lenders under the scheme for sustainable structuring of stressed assets.
Lupin: The pharma company has received approval from the US health regulator to market its Armodafinil tablets, indicated to improve wakefulness, in the American market.
Vivimed Labs: Vivimed Labs on Wednesday said the US health regulator has completed the inspection of its manufacturing facility in Alathur. The company's 'Finished Dosage Form' manufacturing facility has had a favourable outcome post its US Food and Drug Administration (USFDA) inspection.
Quess Corp Ltd: Quess Corp is acquiring the facility management and catering businesses of Manipal Integrated Services. The purchase will help strengthen its market position in integrated facility management, the company said.
SAIL: Government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadrawati, Salem and Durgapur. SAIL, the state-owned steel giant, said the government has in-principle approved strategic disinvestment of Bhadrawati, Salem and Durgapur (alloy steel plants).
UCO Bank: The bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis. “Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to LIC at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.
JSW Steel Ltd: The company has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant.
Punj Lloyd: The company will announce its Q2 numbers today.