Trust Industries: The oil-telecoms conglomerate will announce its March quarter results later today. India’s most valuable company is expected to see at least 40% year-on-year growth in net revenue in the March quarter, while its profits are expected to increase by 30-100%.

Mahindra and Mahindra: The Mahindra group has started a restructuring to trifurcate its flagship automotive business which contributes 55% to the group’s turnover, according to a media report. The exercise, initially, will consist of separating the activities of electric vehicles, tractors and passenger vehicles (PV) into three independent companies via a process of demerger.

Banks: ICICI Bank, Bank of Baroda and Bank of India raised interest rates on new loans by 40 basis points, a day after the Reserve Bank of India raised its repo rate by a similar amount, citing concerns inflationary pressures.

Wipro: The IT major and HFCL Ltd., a telecommunications equipment maker and technology provider, have entered into a partnership to design a variety of 5G carrier products, the companies said in a joint statement Thursday.

TVS Motor Co: reported a 14% year-over-year drop in consolidated net profit for the March quarter to ₹275 crore, due to low sales. However, operating income increased to reach ₹6,585 crores during the period under review from ₹6,132 crores a year ago.

Future lifestyles: Said IDBI Trusteeship Services invoked the pledge it made on investments in FLFL Lifestyle Brands and nearly a dozen other associated companies, after the former failed to buy out ₹450 crore non-convertible debentures. In addition, Future Group announced that it has completed the sale of its 25% stake in Future Generali India Insurance Co. Ltd. to its partner JV Generali for ₹1,266.07 crores under its asset monetization plans to reduce debt.

ACC Ltd. and Ambuja Cements: Billionaire Gautam Adani is in talks with investment groups and funds in the Middle East, for financial support of up to 2 billion dollars for the acquisition of ACC and Ambuja, the twin cement assets of Holcim in India.

Ceat: posted an 83% year-over-year decline in its consolidated net profit at ₹25.25 crore for the March quarter, largely due to input cost inflation. Revenues increased by 13% year-on-year for ₹2,592 crore.

Tata Electric Company: Tata Power Solar Systems, a subsidiary of Tata Power, said it has won the largest solar engineering purchase and construction order in India for a project worth 1 GW ₹5,500 crore from the state-owned SJVN Ltd. Tata Power will also announce its March quarter results today.

Indus Towers: The telecom infrastructure major announced a 34% increase over one year in its consolidated net income at ₹1,829 crores for the quarter ended March. Turnover increased by 10% over one year to reach ₹7,116 crores in the reported quarter.