RBI to conduct reverse repo and
MSF operations on Sept 17
The Reserve Bank
of India has decided to keep LAF Reverse Repo and MSF windows open on September
17, 2015 (Thursday),' it said in a notification. The operations will be
conducted between 7.00 PM and 7.30 PM, it added. Further, the reversal will
take place on September 18, 2015 (Friday).
RBI to conduct repo auction for
Rs200 bn on Sept 16
The Reserve Bank
of India ( RBI) will conduct 2 day variable rate repo auction for a notified
amount of Rs200 billion on September 16, 2015. The auction will be conducted
between 3.00 p.m. and 3.30 p.m. as per the revised guidelines on Term Repo
Auctions issued on February 13, 2014, RBI said in a notification. Successful
bidders will get the allotment at their respective bid rates. Bids at or below
the repo rate will be rejected. The reversal of the 2 day variable rate repo
will take place on September 18, 2015 (Friday).
JMC Projects spurts on orders
worth Rs702 crores
Shares of JMC
Projects spurted over 16% to Rs230.50 on NSE as the company secured new orders
worth Rs702 crores. The stock opened at Rs202.45 marking day’s low at Rs193.10
and hit an intraday high of Rs237.90 on NSE so far.
Pennar Engineered receives
orders worth Rs165 crores
Pennar Industries
Ltd has informed BSE regarding a Press Release dated September 16, 2015 titled
' Pennar Engineered Building Systems Limited (PEBS Pennar) a subsidiary of
Pennar Industries Limited receives orders worth Rs165 crores'.
Natco Pharma raises Rs341
crore, at 5% discount to CMP
Natco Pharma has
raised Rs340.88 crore by issuing shares to qualified institutional buyers. The
company issued 16 lakh shares at a price of Rs2,130.55 a piece.
The issue price
was at a 5% discount to the floor price of Rs2,242.68 per share. The discount
translates to Rs112.13 apiece.
L&T gets order worth around
Rs1700 cr
Larsen & Toubro ( L&T) has
received an order valued at around Rs1700 crore from Marubeni Corporation,
Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant
Project of Bangladesh Power Development Board (BPDB).BPDB awarded the EPC
contract for setting up the 400 MW gas based power plant project to Marubeni
Corporation, which in turn awarded the EPC sub- contract to L&T on turnkey
basis.
Suven Life rallies on securing
product patents
Suven Life
Sciences surged nearly 6%, touching to Rs245, after the company said it
secured three product patents in Canada and China. Suven announced today that
grant of two product patents from Canada and one product patent from China
corresponding to its new chemical entities for treatment of disorders
associated with neurodegenerative diseases. These patents are valid through
2029 and 2030, it adds. With these new patents, Suven has a total of 20 granted
patents from Canada and 18 granted patents from China.
