PSU OMCs and auto stocks will be in focus after PSU OMCs hiked petrol price by 58 paise a litre and cut diesel price by 31 paise per litre in Delhi effective 16 September 2016 (including state levies), with corresponding price revision in other states. Petrol now costs Rs 64.05 a litre as against Rs 63.47 in Delhi. Similarly, diesel now costs Rs 52.63 a litre as compared to Rs 52.94 a litre.
Wipro announced after market hours yesterday, 15 September 2016 that the company and Reltio, an enterprise data driven applications and modern data management platform as a service company partnered to develop faster and cost effective master data management solutions. The partnership will help Reltio and Wipro's clients bridge the gap between data and insights by boosting the reliability of information, while ensuring users get access to relevant data.
Punjab National Bank said that consequent upon receipt of capital funds to the tune of Rs 2112 crore from the Government of India on 14 September 2016, the bank has issued and allotted 16.43 crore equity shares at Rs 128.49 per equity share on preferential basis to Government of India. The announcement was made after market hours yesterday, 15 September 2016.
Union Bank of India said that the bank has on 15 September 2016 issued 10,000 Non-Convertible, Unsecured Subordinated Basel III Compliant Perpetual Debt Instruments eligible for inclusion in Additional Tier 1 Capital. The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 1000 crore on private placement basis bearing 9.50% per annum coupon payable annually. The AT1 Bonds are rated 'IND AA' by India Ratings and Research and 'CARE AA' by Credit Analysis & Research. The announcement was made after market hours yesterday, 15 September 2016.
Bharat Financial Inclusion said that the company on 15 September 2016 completed a securitization transaction of Rs 108 crore. With this, the company has completed three securitization transactions aggregating to Rs 852.44 crore in the year ending 31 March 2017 (FY 2017), Bharat Financial Inclusion said. The entire pool qualifies for priority sector treatment as per the Reserve Bank of India's priority sector lending guidelines. The pool has been rated AA (SO) by a leading rating agency, signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry very low credit risk, the company said. The announcement was made after market hours yesterday, 15 September 2016.
Balasore Alloys said before market hours today, 16 September 2016 that the company has commenced the commercial production from 15 September 2016 at its Sukinda Unit, which was acquired from Jabamayee Ferro Alloys as a going concern on a slump sale basis situated at Tehsil Sukinda, Village & Mouza - Nijagarh, P.S. Sukinda, District - Jajpur, Odisha. The Sukinda Unit of the company has the installed capacity of production of 15,660 metric tonne per annum.
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Den Networks announced after market hours yesterday, 15 September 2016 that a meeting of the board of directors of the company will be held on 20 September 2016, to discuss and approve proposal for preferential issue of shares to one of the leading global financial investors who will form part of the persons belonging to non promoter category, subject to approval of the board of directors, shareholders and in compliance with the all applicable laws.
Tube Investments of India announced after market hours yesterday, 15 September 2016 that it has entered into 50-50 joint venture with Chennai based Absolute Speciality Foods Chennai to open bicycle cafes in select locations in India under the Ciclo Cafe brand. Ciclo Cafis a popular brand name in hospitality and cycling circuits.
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