As the Idea-Vodafone merger becomes increasingly likely, talk has turned to who will head India's new largest telecom company. The name doing the rounds is Kumar Mangalam Birla, for Chairman of the merged entity. While talks are in the early stages, Kumar Mangalam Birla is seen to have the influence and the experience to lead the company at a time of upheaval in the sector, with the entry of Reliance's Jio. 

Hinduja Global Solutions has announced robust Q3 results. Revenue for the quarter grew by 8.3% y-o-y while EBITDA was up by 40.6% and Net Profits by 136.4%. The company saw significant volume growth from its top ten clients as well as gains from Open Enrollment in the healthcare sector.

The company has over 65% of its revenues coming in from the US, with nearly half from the healthcare sector, which is a potential risk going forward, since the new US administration has targeted affordable healthcare and Medicare for reforms. Significant cuts in public spending here is likely to impact the company's revenues. 

Stock in spotlight: Ajanta Pharma, which has received a procedural note from the US FDA after the inspection of its Paithan manufacturing facility. 

Photo of the day: Schoolchildren play at the water's edge during sunset. Lakruwan Wanniarachchi/AFP/Getty Images