TOP CORPORATE NEWS
Sadbhav Eng emerges as
successful bidder for NHAI projects
Sadbhav
Engineering, a civil engineering construction company, on Monday said NHAI has
declared the company as successful bidder (L1) in respect of the bid invited by
NHAI for its two projects worth Rs1556.96 crore. The company has been declared
the successful bidder (L1) in respect of the bid invited by National Highways
Authority of India (Ministry of Road Transport and Highways) for the following
two projects on EPC mode for continuous stretch of 45.50 km for aggregating
value of Rs1556.96 crores, said Sadbhav Engineering.
Lupin opens R&D to develop
inhalation products in US
Drug major Lupin
said that it has opened a research and development centre for inhalation
products in Florida, the US. The facility at Coral Springs, Florida, will focus
on the research and development of inhalation products for the treatment of
asthma, allergic rhinitis, chronic obstructive pulmonary diseases and other
lung diseases, the company said.
IMP Powers bags order from TS
Transco Telangana
Transformers and reactors maker IMP Powers said it has received an order
worth Rs82 crore (approx.) from TSTransco Telangana for the supply of 35 number
of 2900 MVA transformers.These transformers will be delivered within the
current financial year, the company said in a statement.Adding further, company
said that it has been awarded an order of 35 nos of assorted ratings of 2900
MVA transformers amounting to Rs82 crore approx. of the contract value from
TSTRANSCO Telangana, to be delivered within the current financial year.
ONGC will see 11% rise in
output over next 3 years
Oil and Natural
Gas Corp ( ONGC) will see an 11% rise in output over the next three years as it
brings newer fields in production. – Positive read through
Ramco wins order from Mission
Aviation Fellowship
Ramco Systems
announced new order from US based Christian mission organisation, Mission
Aviation Fellowship ( MAF). Ramco will implement Ramco Aviation Suite with OFMS
(Offline Field Maintenance System) to help MAF track multi-location maintenance
operations & inventories.
Tata Motors drops post Q1 nos
as JLR margins slide
Shares of Tata
Motors dropped 1% to Rs389 on NSE in otherwise positive markets post Q1FY16
results despite improvement in standalone business as JLR margins slide due to
lower contribution from China; results in-line with our expectation. Tata
Motors continued to post an improved performance in its domestic business on
the back of higher volumes for MHCVs and some recovery in the passenger vehicle
division.
Pramerica Asset managers to
acquire Deutche Bank’s AMC business
Pramerica Asset
managers to acquire Deutche Bank’s AMC business—positive read thru for DHFL
.Pramerica Asset Managers has agreed to buy Deutsche Bank’s India asset
management business.
Separately, Dewan
Housing Finance said that it has decided to acquire 50% of the equity share
capital of Pramerica Asset Managers. However, the financial details of the
transaction were however not disclosed.
Banks Board Bureau to be set up
soon
As
per finance ministry, the government will soon set up a body, Banks Board
Bureau (BBB), to recommend appointment of directors in public sector banks and
advise on ways for raising funds and mergers and acquisitions to the lenders.
The Bureau is likely to be a six-member board comprising former CMDs of banks
and financial services sector experts. The proposal was announced in Union
budget and its implementation will improve the governance in PSU Banks and
hence sentimentally positive for PSU Banks.
Thomas Cook acquires Kuoni
Group’s travel operations
Thomas Cook India
(TCIL) has entered into agreement with Kuoni Group to acquire Kouni’s travel
business in India and Hong Kong for consideration of Rs535crore. At the combine
revenues of Rs1410.5crore (India operations Rs897crore + Hong Kong operations
Rs514crore), the deal is valued price to sales of 0.38x
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