** Syngene, the company's research services business valued at about $600 million, files a public issue, Biocon said
** Jan-March U.S. dollar revenue growth lags estimates - analysts
** Lower free-float shares and positive announcement help spike in share price - traders (Reuters Messaging:; firstname.lastname@example.org)
MUMBAI, April 24 - Shares in India's Mahindra & Mahindra Financial Services gained as much as 3.9 percent after the company's gross bad loans declined to 5.9 percent of total advances in January-March compared with 7.1 percent in October-December, analysts said.
** Syngene, the research and development arm of the company, files for a $600 mln public issue, Biocon said
** Tata Steel gains 5 pct, on track for the highest close since Feb 20
** Rallis India shares seen falling as Jan-March revenue lags some analysts' estimates
MUMBAI, April 22 - Century Textile and Industries is in talks to sell its paper unit to ITC Ltd , India's largest cigarette maker, as part of an overhaul of businesses owned by the prominent Birla family, two sources directly involved in the deal said.
** Sun Pharmaceutical Industries Ltd gains 2 pct, after falling 8.8 pct on Tuesday
** India's central bank bars further FII purchases in Kotak Mahindra Bank shares
Nifty Most Actives
NEW DELHI - India's parliament began debating the goods and service tax (GST) on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax reform in decades.