HDFC: India's Biggest mortgage lender has bagged a Rs 11,104 crore investment from marquee investors - like private equity giant GIC Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement System, Carmignac Group and Premji Invest. This would lead to a stake dilution of 3.87 per cent.
Infosys: India's second-biggest IT player reported a 37.6 % sequential growth in net profit at Rs 5,129 crore for the December quarter. The software giant had reported Rs 3,726 crore profit for September quarter. The IT firm has kept its FY18 revenue guidance unchanged. One of the company's three presidents, Rajesh Murthy, meanwhile, exited the company, the first since Salil Parekh took over as CEO.
BHEL: Bharat Heavy Electricals has successfully commissioned a 250 MW thermal power unit in Bihar. The unit has been empower at Barauni Extension thermal power project of Bihar State Power Generation Company.
GAIL: The state-run company announced that the board of directors of the company at its meeting held on Friday recommended an interim dividend of Rs 7.65 per equity share, subject to the approval of the shareholders.
IDFC Bank, Capital First: IDFC Bank, which had dismiss a deal to combine with Shriram City Union, announced its merger with the Mumbai-based Capital First, which has more than 5 million customers in retail and small and medium enterprises. Shareholders in Capital First will take 139 shares of the bank for every 10 shares held, the lender said in a stock exchange filing.
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