TOP CORPORATE NEWS
KEC International wins
orders worth Rs 1002 cr
KEC
International has secured new orders worth Rs 1002 crore in its transmission
& distribution, railways and cables businesses. The Company secured order
worth Rs613 crore under the transmission & distribution business, which
include orders worth Rs458 crore in the domestic market. Four orders
aggregating Rs372 crore have been placed by PGCIL and a turnkey order worth Rs
86 crore has been placed by Karnataka Power Transmission Corporation.
Rajesh Exports secures Rs1302
cr worth export order
Rajesh Exports
has announced that the company has secured Rs1302 crores worth export order.
Cipla Stempeutics gets
process patent from Japan
Cipla's JV firm Stempeutics Research has received process patent from the
Japan Patent Office for novel stem cell drug Stempeucel aimed at treatment of
critical limb ischemia (CLI).
Maggi adheres to Singapore
safety norm; Nestle gains
Shares of Nestle
India rose nearly 3%, touching to Rs5699, on media reports stating that the
Maggi noodles manufactured in India has met the food safety standards of
Singapore.
Maggi noodles
manufactured in India met local food safety standards and do not pose risks to
consumers, the Agri-Food and Veterinary Authority of Singapore (AVA) said.
Indian Bank reduces Base Rate
& BPLR
Indian
Bank has reduced the Base Rate from 10.25% to 9.95% per annum and the Benchmark
Prime Lending Rate ( BPLR) by 30 basis points from 14.50% to 14.20% per annum
with effect from June 08, 2015.
Tata Steel workers in UK to
go on strike on June 22
Tata Steel
workers in UK to go on strike on June 22 over changes to pension scheme –
Negative read thru .The 'strike action' will be preceded by the employees
refraining from over-time and observing work-to-rule next week in the escalating
dispute. Currently, it employs 17,000 people in the UK across four sites.
Wipro eyes bid for UK
outsourcer, Equiniti
Wipro is mulling
a takeover bid for Equiniti, the British-based group which manages the pensions
of millions of UK civil servants. Wipro is among a clutch of prospective
bidders which in recent weeks have lodged their potential interest in a
takeover with Equiniti's owners.
Skipper ties up with Japanese
and European firms
Skipper has entered into a tie-up with a
Japanese and an European firm for manufacturing and selling high-end PVC pipes
in the eastern region. The Japanese firm, Sekisui, would provide chlorinated
PVC compounds for manufacturing CPVC pipes, while Skipper would import
specialised products from the European company Wavin.
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