Stocks

Anil Ambani's Reliance Group companies surged after Reliance Communications repaid dues to Swedish telecom giant Ericsson a day before a Supreme Court deadline.

Shares of the Bengaluru-based information technology company - Mindtree Ltd. rose as much as 2.38 per cent on the BSE to Rs 968.55 and its price on the National Stock Exchange Mindtree share price advanced to Rs 970 after it informed exchanges that its board will meet on March 20 to discuss share buyback proposal.

Airtel will own an 18.3 per cent stake in Infratel after the transfer, down from its current stake of 50.33 per cent.

The company expects to offer 3.67 crore shares priced between $14 and $16, giving it a market value of about $6.17 billion, at the higher end of the range.

On Thursday, Azim Premji Trust sought pre-clearance for selling equity shares of the company. It was granted permission the same day, Wipro said in a regulatory filing.

Singtel will subscribe to 17 crore shares in the Airtel's rights issue for a total consideration of Rs 3,7500 crore, the Singapore-based company said.

Dewan Housing Finance Corporation Ltd. surged as much as 20 per cent to Rs 160.80 on the BSE after an independent chartered accountant firm T. P. Ostwal & Associates LLP gave clean chit to DHFL promoters on the allegations made by Cobrapost.

Wipro Ltd. rose as much as 4.65 per cent to Rs 285.40 on the BSE after it went ex-bonus in the ratio of one bonus share for every three shares held.

The housing finance company's shares opened lower at Rs 130.50 apiece on the NSE and plunged to an intraday low of Rs 125.45 in early trade.

Saridon is amongst the country's most widely distributed analgesic tablets with a strong distribution network across 9 lakh outlets, and enjoys strong customer allegiance globally, Piramal Enterprises said, adding that the popularity of the brand is widespread with 31 tablets being sold every second.

The Supreme Court said that Anil Ambani will go to jail for three months if he doesn't pay Rs 450 crore to Ericsson India within four weeks.

The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday.

Coal India's net profit in Q3 rose 50 per cent to Rs 4,565.74 crore.

L&T Finance Holdings Ltd and certain entities of Edelweiss Group were responsible for their shares plunging near 55 per cent over the last few days.

Tata Motors reported its biggest ever quarterly loss of Rs 26,993 crore compared with a profit of Rs 1,199 crore.