TOP CORPORATE NEWS
Mahindra &
Mahindra (M&M) announced that Mahindra Truck and Bus Division has rolled
out its 15000th heavy commercial vehicle from the state-of-the-art plant in
Chakan, Maharashtra. In addition, the company also reached a sales milestone of
125,000 light commercial vehicles ( LCVs) on Indian roads.
Cambridge announces contract
with leading Netherlands :
Cambridge
Technology Enterprises ( CTE) announced its engagement with a Netherlands based
private leading technology company connecting the worlds of print, archive and online.
CTE's relationship with this company is to provide operations support for their
e-publishing services. The client requires faster turnaround time for its
e-paper and magazine operations, a need CTE's domain expertise can play an
instrumental role in meeting.
Gayatri Projects spurts on
receiving Rs3,318 crore worth of orders :
Shares of Gayatri
Projects rose 9% to Rs450 on the BSE after the company announced that it has received
Rs3,318 crore worth of orders from NHAI. The development is positive for
Gayatri Projects.
The company
received another set of orders amounting to Rs 1,792 crore for development of
four-lane Sultanpur to Varanasi section of NH-56 on EPC mode. Gayatri Projects
is a Hyderabad-based infrastructure and construction company with a presence
across the segment, primarily undertaking road and irrigation projects.
L&T Construction wins order
from KAHRAMAA
Larsen &
Toubro ( L&T) announced that L&T Construction has won 494.45 Mn QAR
(Rs864 Crores) Order from KAHRAMAA.
Lupin gains on USFDA nod for
Diclofenac Sodium
Shares of Lupin
rose 3% to Rs1875 on NSE after the pharma major received approval from the US
Food & Drug Administration for anti-inflammatory drug Diclofenac Sodium.
The stock opened at Rs1838 and touched a high of Rs1895 on NSE. The stock has
gained nearly 11% during August 2015 so far against nearly 7.5% decline in the
Sensex.
TCS donates $35 mn to Carnegie
Mellon University :
Tata Consultancy
Services ( TCS) has announced a $35 million gift from TCS to Carnegie
Mellon University, marking a new era of partnerships between leaders of
Industry and academia. Representing the largest corporate gift to the
University and from outside the US, this donation will fund a new facility, the
Tata Consultancy Services Building, which will support education and
cutting-edge research by Carnegie Mellon University faculty and students.
IOB gains after approval of
preferential issue price
Indian Overseas
Bank (IOB) said that in a meeting of committee of directors held on August 25,
2015, the committee of directors approved that the issue price for allotment of
equity shares under preferential issue to Government of India is fixed at
Rs41.37 per share and number of shares to be allotted to Government of India is
48.56 crore shares aggregating to Rs2008.99 including share premium.
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