Reliance Industries (RIL) will be watched. The company said that the Telecom Regulatory Authority of India (TRAI) has advised Reliance Jio Infocomm (Jio) to withdraw the 3 months complementary benefits of Jio Summer Surprise. Jio accepted this decision. It is in the process of fully complying with the regulator's advice, and will be withdrawing the 3 months complimentary benefits of Jio Summer Surprise as soon as operationally feasible, over the next few days.
However, all customers who have subscribed to Jio Summer Surprise offer prior to its discontinuation will remain eligible for the offer, RIL said. The announcement was made after market hours yesterday, 6 April 2017.
GE Power India said it was awarded a contract worth approximately Rs 237.60 crore (approximately $35.40 million) by GE Power AG to supply 1x150 megawatts (MW) CFB Boiler and Electrostatic Precipitator Components. The company's scope of work consists of majorly supply of CFB boiler components including steel structure, pressure parts, all auxiliaries, duct work, refractory, electrical & instrumentation etc. and electrostatic precipitator components including steel structure, ducting etc. The announcement was made after market hours yesterday, 6 April 2017.
Karur Vyasya Bank announced lending rates based on marginal cost of funds to be effective from 7 April 2017. The bank's Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 9.10%, for one month will be 9.10% and for three months will be 9.10%. The MCLR on 6-month loans will be 9.30% and for one-year loans the rate would be 9.50%, the bank said. The announcement was made after market hours yesterday, 6 April 2017.
Gammon Infrastructure Projects, through amendment agreement, 2.43 crore equity shares, or 24% stake, in ICTPL from Noatum Ports, S. L., Spain for an aggregate consideration of Rs 15 crore. Upon acquisition, ICTPL has become subsidiary of Gammon Infrastructure Projects with increased shareholding from 50% to 74% in the paid up equity share capital of ICTPL. The announcement was made after market hours yesterday, 6 April 2017.
Dynamatic Technologies said that on 6 April 2017 a cooperation agreement was signed between Magal Security Systems ('Magal-S3'), an Israeli company and Dynamatic Technologies (DTL). With this arrangement Magal-S3 will cooperate with DTL to pursue integrated security projects in India. The announcement was made after market hours yesterday, 6 April 2017.
Powered by Capital Market - Live News