The plants are to be set up at four locations in Telangana - Ramagundam (50 MW), Yellandu (39 MW), Manuguru (30 MW) and Pegadapally (10 MW), on EPC basis.

As per media report, Naresh Goyal is likely to step down from the board giving up majority control and his stake in the airline may be down to 20-25 percent.

Williamson Magor, which owns 45 per cent in the flagship company, has reportedly mandated Kotak Mahindra Bank for the proposed sale.

The job cuts are a part of the GBP 2.5 billion cost reduction and cashflow improvement efforts that the company is currently undertaking, for over 18 months period.

Income from operations rose 20.80 per cent to Rs 37,338 crore in October-December quarter as compared to Rs 30,907 crore in the year ago period.

Analyst at Reliance Securities expects the bank to report 39.6 per cent year-on-year (YoY) growth in its net profit at Rs 2,303 crore in Q3FY19.

Before this, the ill-fated company had defaulted on interest payments of Rs 3.98 crore on December 28, 2018.

Extending its gaining streak, shares of the pharma company surged as much as 17.58 per cent and touched 52-week high of Rs 694.20 apiece on BSE.

Shares of Ashok Leyland will remain in focus after Hinduja group flagship firm acquired 27.25 per cent additional stake in Ashley Aviation Ltd (AAL), increasing its shareholding in the firm to 76.25 per cent.

The Hinduja group flagship firm proposes to acquire the balance equity shares held by individuals in AAL before March 31, 2019.

As per the scheme of amalgamation, shareholders of Vijaya Bank will get 402 equity shares of Rs 2 each of Bank of Baroda for every 1,000 shares held of Rs 10 each.

Infosys is expected to post net profit of Rs 4,088.60 crore and revenue of Rs 20,292 crore in the December quarter, according to analysts polled by Reuters.

Before this, the cash-starved company had defaulted on interest payments worth Rs 2.28 crore on NCDs, payable on November 26, Rs 7.24 crore due on November 21 and Rs 2.29 crore maturing on November 2.

The board of directors at its meeting on Thursday approved the allotment of 1,500 un-secured, redeemable, listed, rated non-convertible debentures of the face value of Rs 10 lakh aggregating Rs 150 crore on a private placement basis.

According to HUL, National Anti Profiteering Authority made a narrow interpretation of the law and did not take into account well established industry practice backed by law.

This would be third strike within twenty days against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda, along with the demand for immediate settlement of the wage negotiations.

The BSE SENSEX closed 179 points higher at 35649, while the NSE Nifty settled at 10729, up by 66 points.

In the past two months, shares of the Bangalore-headquartered company outperformed the benchmark indices by surging 36 per cent after it reported robust earnings in September quarter.

In February 2017, Titagarh had signed a contract from National Institute of Ocean Technology for design, construction and delivery of two high end coastal research vessels valued at Rs 100 crore.