Showing posts with label CORPORATE NEWS. Show all posts
Showing posts with label CORPORATE NEWS. Show all posts

Friday, November 27, 2015

CAPITALSTARS TOP CORPORATE NEWS

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CAPITALSTARS

TOP CORPORATE NEWS

Equity Market Tips

SKS Microfinance slashes interest rate by 1%

Leading microfinance firm, SKS Microfinance has said that it has gone for 1% reduction in the interest rate charged to borrowers from 20.75% to 19.75% with effect from December 7, 2015, for all future disbursals.
'With this, the company becomes the first micro finance institution to charge a sub-20% interest rate on its core Income Generating Loans ( IGL) which are unsecured micro loans,”

Ashok Leyland bags order from Cote DIvoire; stk up

Shares of Ashok Leyland rose over 3%, touching to Rs97.5, after the company said it has signed a contract with the government of Cote D'Ivoire for supply of 3,600 vehicles worth $200 million.

Welpsun Corp jumps on bagging order for onshore project

Welspun Corp gained nearly 13%, touching to Rs110.25, after the company said it has won an order for supply of @ 216 K MTs line pipes for an onshore project in Americas.
With the addition of this order, current order hook of the company has crossed @ 1040 K MTs worth Rs6,400 crore.

Fortis Healthcare to acquire Religare Health Trust for Rs100 cr

Fortis Healthcare’s step down subsidiaries-Stellant Capital Advisory Services has entered into a share purchase agreement ( SPA) with RGAM investment advisors and other shareholders to acquire 100% equity stake in Religare Health Trust Trustee Manager (a company incorporated in Singapore) at consideration of $ 14.9 million (or Rs100crore).

CRISIL revises EID Parry India's credit rating


Chennai-based EID Parry India said that the credit rating agency, CRISIL, has downgraded its credit rating for long term bank facilities and debt programmes to 'CRISIL A+/Stable' from 'CRISIL AA-/Stable'.

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Thursday, November 26, 2015

CAPITALSTARS TOP CORPORATE NEWS

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CAPITALSTARS

TOP CORPORATE NEWS

Equity Market Tips

Reliance Capital gains after Nippon Life increases stake
Just Dial surges on buyback of share

Just Dial rose over 4%, touching to Rs969.95, after the company said it will spend up to Rs 164.50 crore in buying back shares from its shareholders.

ITC focuses on Non-cigarette FMCG business

ITC - Restructuring at top level management (elevation of executive to top roles); move that’s open race for chairmanship post retirement of Mr.YC Deveshwar – positive from long term perspective as focus is to improve the growth prospects of Non-cigarette FMCG business.

Lupin receives FDA approvals for Loestrin tablets

Lupin receives FDA approvals for generic Loestrin Fe 1/20 and Loestrin 1.5/30 Tablets. Lupin’s US subsidiary, Lupin Pharmaceuticals Inc. shall commence promoting the product in the US shortly.

Berger Paints and Nippon Group to strengthen joint venture

Berger Paints and the Nippon group of Japan had agreed to strengthen their 49:51 joint venture for manufacture of coatings for plastic substrates — BNB Coating India Pvt Ltd. Both have now entered into a “non-binding understanding” to transfer some of their existing automotive paints businesses to the joint venture “at agreed values.

TCS signs strategic agreement with Gfi informatique

TCS signs a strategic agreement with Gfi informatique to Accelerate smart cities programs in France.

TCS announced a strategic partnership agreement on smart cities to meet the requirements of digital initiatives in public transportation, water, and energy and accelerate the adoption of digital technologies in France’s fast-growing and innovative smart cities market.

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Tuesday, November 24, 2015

CAPITALSTARS TOP CORPORATE NEWS

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CAPITALSTARS

TOP CORPORATE NEWS

Equity Market Tips

Reliance Capital gains after Nippon Life increases stake

Reliance Capital rose over 3%, touching to Rs422.8, after Nippon Life Insurance signed definitive agreements to increase its stake in Reliance Life Insurance, a part of Reliance Capital from the existing 26% to 49%.

HC approves Aditya Birla Chem merger with Grasim Inds

Aditya Birla Chemicals (ABCIL) said that it has received approval from Hon’ble High Court of Jharkhand for merging the company with Grasim Industries.
Aditya Birla Chemicals has now announced that the Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd. with Grasim Industries Ltd. has been sanctioned by the Hon’ble High Court of Jharkhand at Ranchi on November 23, 2015,” the company said
The two companies of Aditya Birla Group are being merged in order to consolidate similar businesses under one roof.

Mankind Pharma launches diabetes drug 'Dynaglipt'

Mankind Pharma has launched an anti-diabetic product 'Dynaglipt' targeting the middle class and rural diabetic patients. The product, which has been approved by Drug Controller General of India, is priced at nearly Rs 600 for 30 days therapy to a patient. Other gliptin-based diabetes medicines cost between between Rs1,000-1,500 for 30 days therapy.

Titan partners with HP to offer smart watches

Titan has partnered with HP Inc to offer a range of smart watches to be launched soon by the company – The development is positive for Titan as smart watch as a category has started gaining strong acceptance across segments and thus the partnership will enable Titan to drive growth.

Federal Bank trims base rate to 9.63% p.a.

Private-sector lender, Federal Bank said that it has reduced the base rate of the bank to 9.63% per annum effective from December 01, 2015.

Bank of India to raise Rs264.12 cr by selling shares to LIC

Bank of India (BOI) said it will raise capital by allotting two crore equity shares to LIC at a price of Rs264.12 crore.
The bank will hold its Extraordinary General Meeting of the shareholders on December 1, to issue and allot these many shares to LIC.

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Monday, November 23, 2015

CAPITALSTARS TOP CORPORATE NEWS

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CAPITALSTARS

TOP CORPORATE NEWS

Equity Market Tips

Adani Ports, Asian Paints gain on inclusion in BSE Sensex

Adani Ports and Special Economic Zone, Asian Paints surged nearly 3%, on reports that the scrips would be added in the 30-share S&P BSE Sensex index with effect from December 21.

Kotak Mahindra Bank gets IRDAI nod

Kotak Mahindra General Insurance Company (Kotak General Insurance) has got IRDAI approval to commence business as an insurance company. It has received permission to underwrite all classes of general insurance business.

Advanta to merge with UPL

Global generic crop protection, chemicals and seeds company, UPL (formerly known as United Phosphorous) said board members on Monday have approved amalgamation of Advanta with itself.

Aurobindo gains after USFDA approval

Aurobindo Pharma rose over 2%, touching to Rs850, after the company said that it has received final approval from the United States Food and Drug Administration to manufacture and market Sildenafil Tablets, 20 mg.

Britannia eyes Rs20,000 crore turnover in 5-6 years

Britannia Industries is embarking on a new growth path of becoming a total food company, aiming at Rs20,000 crore turnover within 5-6 years.
As part of the strategy the company will finalize in the next six months its plans to expand in dairy segment besides introducing new variants of its value segment biscuit brand Tiger.

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