NBCC (India) said that the company has received approval letter from Government of Assam for the construction of Twin Tower Trade Centre at Guwahati, Assam amounting Rs 2000 crore (approx) on self-revenue generation model. Further, an MoU between Government of Assam and NBCC (India) to this effect has been signed on 2 February 2018 at Guwahati, Assam. The announcement was made on Saturday, 3 February 2018.
Among prominent earnings, Bosch and Tata Motors are scheduled to announce October-December 2017 quarterly results today, 5 February 2018.
Bharti Airtel announced today, 5 February 2018 that Singapore Telecommunications (Singtel), Asia's leading communications and ICT solutions group and a long term partner of Airtel, will invest Rs 2649 crore in Bharti Telecom (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares. The transaction is subject to the shareholders' approval of Bharti Telecom. The funds raised will be used towards debt reduction.
With this investment, Singtel's total stake (along with its affiliates) in Bharti Telecom will increase to 48.9%. Singtel currently holds 47.17% stake in Bharti Telecom. Bharti Enterprises continues to hold over 50% stake in Bharti Telecom. The announcement was made before market hours today, 5 February 2018.
P I Industries reported 14.17% decline in net profit to Rs 80.65 crore on 10.51% rise in total income to Rs 553.83 crore in Q3 December 2017 over Q3 December 2016. The result was announced on Saturday, 3 February 2018.
Aarti Industries reported 22.14% rise in net profit to Rs 90.19 crore on 28.49% rise in total income to Rs 991 crore in Q3 December 2017 over Q3 December 2016. The result was announced on Saturday, 3 February 2018.
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