CAPITALSTARS
TOP CORPORATE NEWS
Tata Motors launches two car
models in South Africa
Tata Motors
launches two car models in South Africa; positive for the company. Tata Motors
has launched two new car models in South Africa ie the Bolt hatchback and Zest
hatchback. This is the first launch in South Africa in over three years.
Reliance Infra to sell cement
business for Rs6000 cr
Wipro employee files Rs10 Crore
suit against company
Wipro former
employee files Rs10 Crore suit against company for gender discrimination .An
India-born former employee at the London office of IT major Wipro has filed a 1
million pound (Rs10 crore) compensation case of gender discrimination, unequal
pay and unfair dismissal against the firm.
Apollo Hospitals to invest
Rs500 crs in Apollo Health & Lifestyle
Rajesh Exports gains after
securing export order
ITNL to open Rs740 crore rights
issue on 15 October
IL&FS
Transportation is set to open Rs740 crore rights issue on 15 October. The
company will issue over 8.22 crore equity shares of face value of Rs10 each for
cash at Rs90 per share for an aggregate amount of up to Rs740.16 crore. Current
market price of the stock is Rs96.5.
Govt plans to waive
transmission charges for green energy
Govt plans to
waive transmission charges for green energy; sentimentally negative for PGCIL.
As per media reports, in order to give a push to clean energy projects in the
country, the government has decided to waive transmission charges for
electricity generated from renewable sources. The government is working out a
legal framework where all inter-state transmission of renewable energy will be
at zero cost. This would be implemented initially in the green energy
corridors.
Tata Motors launches two car
models in South Africa
Tata Motors
launches two car models in South Africa; positive for the company. Tata Motors
has launched two new car models in South Africa ie the Bolt hatchback and Zest
hatchback. This is the first launch in South Africa in over three years.
Reliance Infra to sell cement
business for Rs6000 cr
Reliance
Infra looking to sell its cement business for Rs6000 cr as per media reports –
Positive; would help reduce stress on its balance sheet. Reliance Cement is a
fully-owned subsidiary of Reliance Infra. Started in 2007, the cement foray was
originally linked to the growth of its power business with fly ash generated
from its Sasan power project being used as a key raw material.
Wipro employee files Rs10 Crore
suit against company
Wipro former
employee files Rs10 Crore suit against company for gender discrimination .An
India-born former employee at the London office of IT major Wipro has filed a 1
million pound (Rs10 crore) compensation case of gender discrimination, unequal
pay and unfair dismissal against the firm.
Apollo Hospitals to invest
Rs500 crs in Apollo Health & Lifestyle
Apollo Hospitals
Enterprise Ltd has informed BSE about the following with regard to the fund raising
plans of the Company's subsidiary, Apollo Health and Lifestyle Limited. Apollo
Health & Lifestyle Limited (AHLL) is a subsidiary of Apollo Hospitals
Enterprise Limited. AHLL operates a network of primary care and specialty care
formats across India.
Rajesh Exports gains after
securing export order
Rajesh Exports
rose over 3%, touching to Rs655, after the company said it has secured an
export order worth Rs 1360 crore of designer range of gold and diamond studded
jewellery and medallions from UAE.
Rajesh Exports
said that the execution of its latest export order will significantly add to
the bottom line of the company.
ITNL to open Rs740 crore rights
issue on 15 October
IL&FS
Transportation is set to open Rs740 crore rights issue on 15 October. The
company will issue over 8.22 crore equity shares of face value of Rs10 each for
cash at Rs90 per share for an aggregate amount of up to Rs740.16 crore. Current
market price of the stock is Rs96.5.
Govt plans to waive
transmission charges for green energy
Govt plans to
waive transmission charges for green energy; sentimentally negative for PGCIL.
As per media reports, in order to give a push to clean energy projects in the
country, the government has decided to waive transmission charges for
electricity generated from renewable sources. The government is working out a
legal framework where all inter-state transmission of renewable energy will be
at zero cost. This would be implemented initially in the green energy
corridors.
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