CAPITALSTARS
TOP CORPORATE NEWS
Valiant receives LOA worth
Rs163 lacs from Delhi Transco
The company has
recently received the product approval from the Delhi Transco Limited (an
undertaking of government of NCT of Delhi) for its product ' Digital
Tele-Protection Signaling' and has also received a Letter of Award for the
supply, erection, testing and commissioning of aforesaid product for its 220KV
transmission lines on turnkey basis for gross value of Rs163 lacs', the company
informed.
Maruti Suzuki launches Baleno
starting from Rs4.99 lakh
Maruti
Suzuki has launched its premium hatchback Baleno starting from Rs4.99 lakh ex-showroom
Delhi. The Petrol variant is priced between Rs4.99 Lakh and Rs7 Lakh while the
Diesel variants are priced between Rs6.16 Lakh and Rs8.1 Lakh. Maruti has also
offered an automatic variant in the Baleno. The Baleno will also be exported to
100 countries across the globe including developed markets like Japan and
Europe. The management has guided for 50,000 target for exports per
year.
Valiant receives LOA worth
Rs163 lacs from Delhi Transco
The LOA has been
given for supply and testing of its product ' Digital Tele-Protection
Signaling'. The company has recently received the product approval from the
Delhi Transco Limited (an undertaking of government of NCT of Delhi) for its
product ' Digital Tele-Protection Signaling' and has also received a Letter of
Award for the supply, erection, testing and commissioning of aforesaid product
for its 220KV transmission lines on turnkey basis for gross value of Rs163
lacs', the company informed.
Arvind intimates of strike at
one of its plants in Santej Complex
Arvind announced
that the workers of Santej Complex, one of the manufacturing plants of the
Company went on strike on October 22, 2015 demanding higher wages, bonus etc.
Santej Complex manufactures mainly woven fabric (132 Million meters) and knits
fabrics (10,000 tons). It also has approx. 20 Million meters of denim
manufacturing facility. All the textile mills in Ahmedabad negotiated wage
settlement with representative trade unions in 2012 and next round of wage
negotiations are due in 2018. Therefore, strike or any agitation to increase
wages at this juncture was unexpected.
GSFC Q2 net profit at Rs143 cr
(YoY)
Gujarat State
Fertilizers & Chemicals (GSFC) has announced the following Un-Audited
Standalone results for the quarter ended September 30, 2015 (YoY): The Company
has posted a net profit of Rs142.64 crore Vs Rs124.31 crore (YoY). Total Income
is at Rs1784.75 crore Vs Rs1509.70 crore (YoY).
RBI rejects plan for 100% FDI
in banks
RBI has turned
down a proposal from the government to allow up to 100% foreign direct
investment ( FDI) in banks, a move that may come as a damper for several
private sector lenders such as ICICI Bank and HDFC Bank. While RBI has not
provided a clear reason to turn down the proposal from DIPP but in the past the
regulator has seen banking as a sensitive sector and opposed allowing
significant shareholding by FIIs. Currently, the government permits 74% FDI in
private banks, with up to 49% allowed under the automatic route.
Force Motors reports 65% growth
in net profit
Force Motors
reported a strong performance in Q2FY2016. The revenues rose by 27.5% YoY to
Rs763 crore. The margins expanded by 247BPS YoY to 8.5%. On the back of the
strong operating performance the net profit grew by 65.3% YoY to Rs42.5 crore.
Read more at:
Our Some Other Tips & Services, Get it Soon !!
Read more at:
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