TOP CORPORATE NEWS
Alstom
T&D wins Rs220 cr order in Bihar
Alstom
T&D India has signed three orders worth approximately Rs220 crore to build
two 220 KV and four 132 kV air insulated substations (AIS) for Bihar State
Power Transmission Co (BSPTCL).
Kansai Nerolac to
set up mfg plant in Gujarat at Rs350 crore
Kansai
Nerolac to set up manufacturing plant in Gujarat at Rs350 crore; the plant
would have a capacity of 42,000 MT per year and can be expanded into phase
– positive from long term perspective.
Maruti Suzuki
plans premium outlets for vehicles above Rs10 lakh
As
per media reports, passenger vehicle market leader Maruti Suzuki is planning a
chain of premium sales outlets targeted at vehicles above Rs10 lakh. The
company derives bulk of its sales from the small compact car segment and has
limited presence in the premium (above Rs10 lakh segment).The company is
looking to add 100 outlets in the next 12-18 months and these outlets would
sell the upcoming S-Cross crossover.
PVV Infra secures
order from NTPC
PVV
Infra has received an order for Construction of Prefab School Toilets under
'Swachh Vidyalay Abhiyaan programme' from NTPC for construction/installation of
200 pre-fabricated toilets in schools in the state of Bihar. To begin with,
Execution of the above contract will generate the turnover of approximately Rs4
crore within a period of 2 months.
HDFC Bank to
tie-up with e-tailers to offer shopping on website
HDFC
Bank is set to double up as an online shopping mart of sorts, selling grocery,
clothes, shoes and other lifestyle products on its website, and getting its
customers the best deals from e-tailers such as Snapdeal, Flipkart and Amazon. Since
the HDFC Bank is large retail and payment bank and about 30-40% of customer
spends on e-commerce happens through HDFC bank credit and debit cards, move
will help to enhance transactions and fee income.
Canara Bank cuts
base rate by 20 bps
Canara
Bank has announced that the Bank has reduced the Base Rate by 20bps from 10.20%
to 10.00% for loans / advances with effect from May 11, 2015.
Government coal
block for RPower’s Sasan UMPP
The
government has decided to cancel a coal block attached to the Sasan ultra mega
power project of Relinace Power in line with the Supreme Court's directive
forbidding commercial use of surplus coal from such units for other plants. The
decision, which also forbids the use of coal from other mines of the 4,000 MW
project for other plants, ends the special dispensation given earlier to Reliance
Power's Sasan Project that would have helped the company fuel the Chitrangi
power plant.
Federal Bank
gains on bonus issue plan
Shares
of Federal Bank rose over 4%, touching to Rs136.9, after the bank said its
board of directors will meet on May 16, 2015, to consider issue of bonus shares
to the shareholders of the bank.
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