CAPITALSTARS
TOP CORPORATE NEWS
Deep Industries wins contract
worth Rs90.33 cr
Deep Industries
has received Notification of Award of Contract for charter hiring of No. 1 of
1000HP Mobile Drilling Rig for Tripura Asset of ONGC for a period of three years.
The total value of the said award is of US $ 14 Mn i.e. approx Rs90.33 crore.
Royal Enfield opens exclusive
showrooms in Madrid and Paris
Royal Enfield
(subsidiary of Eicher Motors) has opened exclusive showrooms in Madrid and
Paris as part of its growth strategy in Europe. The company also unveiled its
gear collection in these markets. Positive for Eicher Motors.
ABB bags order worth Rs141
crore from PGCIL
ABB
has bagged order worth Rs141 crore from PGCIL for supplying ultrahigh voltage
power transformers for substations in Uttarakhand and Uttar Pradesh – Positive
for ABB I
ED arrests 6 people in Bank of
Baroda money laundering scam
ED arrests 6
people in Bank of Baroda money laundering scam – negative read thru. In a probe
into the suspected laundering of about Rs6000 crore through one of its
branches, the Enforcement directorate has arrested six people including two
employees of Bank of Baroda and an employee of HDFC Bank.
Asian Oilfield arm completes
project in Iraq
Asian Oilfield
Services has said that its Dubai based subsidiary has completed a 3D seismic
survey over 100 square kilometers in the challenging terrain of the exploration
area of Shakal license block for Gazprom NEFT ME B.V in Kurdistan region of
Iraq. The survey was completed safely with zero loss time injuries.
Cairn India to exit Sri Lankan
gas block
Cairn India will
exit its Sri Lankan gas block after two discoveries it had made were found to
be commercially unviable. However the street was expecting positive outcome
from these blocks - Negative for Cairn India.
Conference call highlights of
Cox & Kings acquisition of Late Rooms
Cox
& Kings has acquired 100% stake in Late Rooms Ltd (online travel booking
website) from TUI group for GBP 8.5 million (Rs85crore). Late Rooms is a
profitable online hotel booking in specialist in UK with over 54,800 properties
globally. Cox & Kings plans to sell its Holiday breaks leisure travel
products through Late Rooms website in UK. Over the long run the plan is to
sale all the Cox & kings holiday products globally through this website.
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