Bharti Airtel, Vodafone Idea: India’s first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process.
BPCL: Privatisation-bound
said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of and Engineers India Ltd for Rs 9,876 crore.
Sterlite Technologies: Broadband technology company
announced to have bagged deals of over Rs 700 crore from telecom firms in Middle East and Africa (MEA), taking the company’s total order book to over Rs 11,300 crore.
IDBI Bank: LIC-controlled
will set off its accumulated losses worth Rs 45,586 crore against the balance in the securities premium account, according to the bank’s draft scheme.
Siemens: The company announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year.
Oil India: The government has asked Oil India to relocate its corporate head office to Assam from the National Capital Region following a massive fire in its oilfield that claimed three lives, displaced hundreds of families, and took five months to douse.
Eicher Motors: Motorcycle maker Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February. The company had sold 63,536 units in the same month last year, Royal Enfield said in a statement.
Power Grid: State-run
(PGCIL) on Monday said its board has approved an interim dividend of Rs 4 per share for 2020-21. The interim dividend shall be paid to the members on March 30, 2021, the company said in a BSE filing.
Kotak
Mahindra Bank: The bank announced a 0.10 percentage point cut in its home loan rates for a limited period, claiming its offering to be the lowest in the market.
Hero MotoCorp: The country’s largest two-wheeler maker
reported a 1.45 per cent increase in total sales at 5,05,467 units in February.
