CAPITALSTARS
TOP CORPORATE NEWS
IOC plans to spend $5 billion
for expansion
Indian Oil Corp is
planning to spend about $5 billion (nearly Rs32,500 crore) to expand its
exploration and production business, with half the amount slated to go into
acquisition of new assets that which are available at cheaper prices in current
low crude oil price environment.
Suven Life gains after securing
5 product patents
Suven Life
Sciences rose over 6%, touching to Rs295.9, after the company said it
secured five product patents for its new chemical entities in Australia, China,
Europe, South Korea and USA. It has received these patents in Australia, China,
Europe, South Korea and USA for CNS therapy through mechanism of action – H3
Inverse agonist and these patents are valid until 2031, 2030,2031, 2030 and
2031 respectively.
Cox & Kings acquires
LateRooms.com for Rs85 cr
Travel major Cox
& Kings has said that it has acquired UK-based hotel booking website
LateRooms.com, owned by Germany-headquartered travel major TUI Group -- for GBP
8.5 million (around Rs85 crore).
The acquisition
fits Cox & Kings' plans to expand its global online and B2C leisure
proposition, the company said. In India, Cox & Kings has presence in 149
cities and focus on corporate travel, education & activity travel,
meetings, incentives, conferencing, exhibitions (MICE), trade fairs, visa processing
and foreign exchange.
Hero launches updated Splendor
Pro ahead of festive season
Hero launches the
updated Splendor Pro ahead of the festive season; positive for the company.
Hero MotoCorp launched the revamped Splendor Pro priced at Rs46,850 ex-showroom
Delhi. Splendor is the largest selling motorcycle brand in the country with the
Splendor Pro accounting for 60% of the Splendor brand sales.
Inox Wind gains on getting 50
MW turnkey wind power project
Shares of Inox
Wind gained over 2% to Rs 381 on NSE in an otherwise weak markets as the
company has bagged 50 MW turnkey wind power project order from Tata Power in
Madhya Pradesh. This is third project awarded to Inox wind from Tata power the
previous two being of 172 MW – Positive for Inox Wind.
Astec Life gains on transfer of
shares to new promoter
Astec Life
sciences rose nearly 3%, touching to Rs247, after the company said its board
approved transferring 88.11 lakh equity shares held by existing promoters to
Godrej Agrovet.
Astec Life
sciences said that the board of directors of the company at its meeting held on
October 12, 2015, approved the transfer of 88.11 lakh equity shares of the
company held by the existing promoters of the company to Godrej Agrovet, the
incoming promoter.
Aurobindo gets ministry’s nod
to expand facility in Telangana
Aurobindo
Pharma gets environmental ministry’s nod to expand its bulk drugs facility in
Medak district in Telangana .Environment Ministry's green panel EAC has
approved Aurobindo Pharma's proposal to expand its bulk drugs facility in Medak
district in Telangana, entailing an investment of about Rs300 crore. The
company had sought green nod for increasing the production at its bulk drugs
unit in Medak district to 421.2 tonnes per month (TPM) from the existing 96
TPM.
Read more at:
Our Some Other Tips & Services, Get it Soon !!
Our Some Other Tips & Services, Get it Soon !!
www.capitalstars.com | T:+91-731-6790000,6669900
www.capitalstars.com | T:+91-731-6790000,6669900
0 comments:
Post a Comment