Shares of public sector oil marketing companies (PSU OMCs) will be watched after petrol prices were reduced by Rs 0.58 per litre and diesel by Rs 0.25 per litre in Delhi with corresponding price revision in other states. The new prices are effective from 1 December 2015. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. The first review takes place during the middle of the month and the last review at the month-end.
Shares in interest rate sensitive secrtors such as banking, automobiles and real estates, will be in focus as the Reserve Bank of India (RBI) announces its fifth bi-monthly monetary policy decision at 11:00 IST today, 1 December 2015. In the fourth bi-monthly monetary policy on 29 September 2015, the central bank reduced the policy repo rate by 50 basis points from 7.25% to 6.75%. The RBI has kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liability (NDTL).
Tata Power Company announced after market hours yesterday, 30 November 2015, that Maithon Power, a 74% joint venture of the company, has issued and allotted senior, non-cumulative, redeemable, listed, rated, secured non-convertible debentures (NCDs) for an amount of Rs 500 crore on private placement basis. The NCDs have been rated AA-(with stable outlook) by CRISIL. The NCDs carry a floating rate of interest linked to base rate published by HDFC Bank. These NCDs have been issued on a private placement basis through a private placement offer letter cum information memorandum.
Maruti Suzuki India announced after market hours yesterday, 30 November 2015, that dual airbags and ABS are now available as an option across all Celerio variants, including the base version. R S Kalsi, Executive Director, Marketing & Sales, Maruti Suzuki India, said that by offering safety features like airbags for driver and co-driver and Anti-lock Braking System (ABS) from the base variant onwards in Celerio, the company is making it more attractive for customers. The announcement was made after market hours today, 30 November 2015.
Pidilite Industries said that Pidilite Lanka (Private) (PLPL), a step down subsidiary of the company, incorporated in Sri Lanka has acquired from CIC Holdings PLC, the Chemifix trade mark and other brands associated with PVAC Adhesives business alongwith the commercial and technical knowhow relating to PVAC Adhesive business. Pidilite International Pte., and Pidilite Middle East., (wholly owned subsidiaries of the company) hold 76% of the paid up capital in PLPL. CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segments in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc. The announcement was made after market hours yesterday, 30 November 2015.
Saint Gobain Sekurit India said that it has been decided to close the Bhosari plant of the company with effect from the close of business hours on 30 November 2015, as it is economically unviable to continue the operations of this plant. The announcement was made after market hours yesterday, 30 November 2015.
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Goa Carbon said that the operations at the company's Paradeep plant at village Udayabata, Orissa has commenced from 30 November 2015 onwards. The announcement was made after market hours yesterday, 30 November 2015.
Vaibhav Global said that the company has commenced the commercial production of jewelry at newly setup manufacturing unit located at SEZ- II, Sitapura, Jaipur, Rajasthan. The announcement was made after market hours yesterday, 30 November 2015.
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