TOP CORPORATE NEWS
BPCL plans to have nearly 50
million tonnes of refining capacity
Bharat Petroleum
Corporation ( BPCL) plans to have nearly 50 million tonnes a year of refining
capacity in place by FY2021, a 60% jump from its present level of 31 mt.
Over the next six
years, BPCL has targeted at least 15 mt of refining capacity from each of its
facilities at Kochi, Bina and Mumbai – positive read thru
Federal Bank stares at Rs200
crore asset stress
According to ED of
Federal Bank there are two loans totaling up to Rs200 crore that are
under stress and may turn into non-performing assets (NPAs).
One of the account
is from the shipping sector where it has an exposure of Rs120 crore, while the
second is a steel sector account where its exposure is Rs80 crore.
TNPL redeems NCDs worth Rs100
cr issued to LIC
Tamil Nadu Newsprint and Papers ( TNPL) said that it has redeemed the NCDs
amounting Rs 100 crore issued to LIC.The Non-Convertible Debentures - Series I
(100 Crore) raised by way of Private placement Basis from Life Insurance
Corporation of India ( LIC) and Listed on Bombay Stock Exchange (BSE) were
fully redeemed on June 30, 2015,” the company said.
Siemens gains on strong results
with profit of Rs168 crore
Shares of Siemens
gained 3% to Rs1535 on NSE after the company yesterday after market hours
reported a strong result with profit of Rs168 crore compared to that of Rs13
crore a year ago. This was driven by expansion of 900 bps in operating margin
which stood at 10.7%. While the revenues were flat
L&T seeks shareholders nod
to raise $600 million
Larsen &
Toubro has sought shareholders nod to raise up to $600 million (about Rs3,200
crore) through issuing securities to meet capital requirement of growing
business. The company requires adequate capital to meet the needs of growing
business.
Government to award Rs20,500
crore expressway projects in FY2016
Government to
award Rs20,500 crore expressway projects in FY2016 – Positive for IRB
Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering,
KNR Construction among others
The government has
decided to award three expressway projects with a total length of over 500km
entailing an investment of Rs20,500 crore this fiscal.
Maruti Suzuki launches S-Cross
via Nexa channel
Maruti Suzuki
launches its premium crossover S-Cross; first product to be retailed via the
Nexa channel. Maruti Suzuki has launched its first premium crossover i.e
S-Cross in the India market. The company has offered superior interiors as well
as a slew of features to appeal to the prospective consumer. The S-Cross will
be exclusively retailed through Maruti’s Nexa distribution channel.
Rolta wins Smart City and 3D
Mapping projects
Rolta India has
announced that it has been awarded Smart City and 3D Mapping with City
Modelling projects in the Middle East, for a combined value of around $ 15
million.
Dr.Reddy's up after strategic
collaboration with Amgen
Dr.Reddy's
Laboratories rose over 3%, touching to Rs4325, after the company said it has
entered into a strategic collaboration with Amgen to market and distribute
Amgen medicines in India. Dr Reddy's Laboratories (Dr Reddy's Lab) said that it
has entered into a strategic collaboration with Amgen – one of the world's
leading independent biotechnology companies – to market and distribute three
Amgen medicines in India in the areas of oncology and
cardiology.
CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market. CapitalStars also aveliable on social network
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities including bullions, metals & Agro- commodities traded in MCX and NCDEX.
www.capitalstars.com | T:+91-731-6790000,6669900
0 comments:
Post a Comment