Rolta India   : S&P downgrades long term rating to B+ from BB- 

Indoco Remedies   gets establishment inspection report from US FDA for solid dosages manufacturing unit at Goa.
NTPC   commissions unit-I of 250 MW Nabinagar thermal power station.
SBI   - stake sale of GE’s stake in SBI Cards hits a roadblock: FE 
Borosil Glass Works   invests Rs 22 crore via optionally convertible redeemable preference shares in Hopewell Tableware.
Allcargo Logistics   to raise Rs 300 crore by issue of permitted securities.
Canara Bank   board Approves fund raising worth Rs 3,000 crore.
Coffee Day Enterprises   board approves issue of Rs 265 crore worth NCDs.
JMC Projects   secures new orders worth over Rs 930 crore.
Urja Global   signs MoU with Malbro group, Africa.
Rollatainers   sells carbon manufacturing division to subsidiary on a slump sale basis.
HT Media   launches 91.9 Radio Nasha.

Stocks in News

Jet Airways: 

     The airliner indicated that it was more interested in stitching partnerships with other international carriers though codeshare pacts than joining any of the three global clubs and said its new European gateway Amsterdam offers stronger proposition over Brussels.

M&M Ltd: 

     Powetrain division of Mahindra Group launched a new range of 125kVA diesel generators and is eyeing to touch USD 1 billion (about  Rs 6,600 crore) in revenues over the next six years.

Coal India Ltd: 

     Coal India workmen, on Monday, deferred the token one day strike on March 29th following fruitfull discussions with the Coal Minister and the management.

NTPC Ltd: 

     State-run power major NTPC said its installed capacity has increased to 45,798 MW after commissioning of a 250 MW unit-l of its arm at Nabinagar

Infibeam's Rs 450 cr IPO subscribed 21% on Day 1

     Infibeam Incorporation Ltd, the first e-commerce firm to tap the IPO route, saw its RS 450 -crore issur getting subscribed 21% on the opening day today. The issue recived the bids for Rs 26,44,792 shares as against the total issue size of Rs 1,25,00,000 shares, as per NSE's data till 1700 hrs.
     The company has fixed the price band at Rs 360-432 per equity share for the initial public offer(IPO). The initial share-sale programme will conclude on March 23.
     Infibeam competes with Flipkart, Amazon and Snapdeal, among other in the e-commerce space.
     Started in 2007, Infibeam runs several e-commerce services like Infibeam.com, BuildaBazaar, Incept and Picsquare.
     The company has proposed to lists its shares on NSE and BSE. The issue is being managed by SBI Capital Markets and Elara Capital India

Stocks in news

Chambal Fertilisers: awards contract worth USD 179.5 million to Toyo Engg

Mahindra Holidays: acquires ‘Saimaa Gardens Arena Oy' in Finland. 

MMTC:  divests 10 percent equity stake in JV Indian Commodity Exchange for Rs 20 crore.