Hero MotoCorp, the world's largest two-wheeler manufacturer, will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective 3 October 2018. The revision has been necessitated by the increasing commodity costs and currency depreciation. The price hike will translate to an increase of up to Rs 900, although the exact quantum of the increase will vary, basis the model and the specific market. The announcement was made after market hours yesterday, 26 September 2018.
State Bank of India (SBI) announced that Executive Committee of Central Board (ECCB) in its meeting held on 26 September 2018 approved divestment of 86,20,000 equity shares constituting 4% stake in SBI General lnsurance Company at a total consideration of Rs 481.73 crore to Axis New Opportunities AIF-l (Axis AMC) and PI Opportunities Fund-I (Premji) subject to all regulatory approvals. The announcement was made after market hours yesterday, 26 September 2018.
HCL Technologies (HCL) announced a five-year infrastructure services deal with global diversified mining business Anglo American. The multi-year deal will see HCL continue to support Anglo American through the adoption of cloud; reducing Anglo Americans global data center footprint through the continued consolidation of its on-premise infrastructure and partial migration to an Infrastructure-as-a-Service operating model. HCL will also continue to provide regional and local service desk support and end-user computing services. The announcement was made after market hours yesterday, 26 September 2018.
Torrent Power said it participated in the competitive bidding process (by way of E-reverse auction process) conducted by Solar Energy Corporation of India (SECI) on 25 September 2018 for setting-up of 1200 MW ISTS connected wind power projects, and emerged as one of the winning bidders for capacity of 115 MW project. The announcement was made after market hours yesterday, 26 September 2018.
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