Tata Motors announced price reduction in commercial vehicles (cargo) in the range of 0.3% to 4.21% and in commercial vehicles (passenger transportation) in the range of 0.6% to 8.2% post GST to pass on the benefits to its customers. The announcement was made after market hours yesterday, 6 July 2017.
HPCL announced that it has raised fixed rate senior unsecured notes aggregating to $500 million. The notes will bear interest of 4% per annum payable semi-annually commencing on 12 January 2018. The company intends to use all of the proceeds to fund capital expenditures for its ongoing and future domestic projects in accordance with the ECB guidelines of India. The announcement was made after market hours yesterday, 6 July 2017.
Shares of Lakshmi Vilas Bank turn ex-dividend today, 7 July 2017, for dividend of Rs 2.70 per share for the year ended March 2017.
Bharat Forge announced that its subsidiary, Kalyani Strategic Systems and Israel Aerospace Industries have signed a new memorandum of understanding (MoU) addressed to expand the joint venture that the companies are establishing. The new MoU covers the establishment of a maintenance center for selected advanced air defence systems at Hyderabad in Telengana. The two companies have also agreed on expanding their joint operations for development, manufacturing and marketing of precise ammunition systems. In February 2017, Israel Aerospace Industries has inked an MoU with Kalyani Strategic Systems (KSSL) on establishing a joint venture that will develop, build, market and manufacture selected Air Defence Systems and light-weight special purpose munitions, in accordance with the Indian Government's 'Make in India' policy. The announcement was made after market hours yesterday, 6 July 2017.
Navin Fluorine International said its shareholders approved sale of unit located at Dahej in Gujarat. The announcement was made after market hours yesterday, 6 July 2017.
IDFC Bank will be watched after it refused to comment or deny reports of merger with Shriram group companies. Media reports suggested that Shriram Transport Finance, Shriram City Union Finance will merge with IDFC Bank; and Shriram Capital's Life, General insurance business will merge with IDFC.
More From This Section
IDFC Bank clarified after market hours yesterday, 6 July 2017, that it keeps evaluating opportunities from time to time and should anything concrete fructify, it will inform the exchanges as appropriate. At this point, there is nothing that can be disclosed. Under the circumstances, it is unable to confirm or deny the news reports. Meanwhile, it cannot comment on the market speculations.
Techno Electric & Engineering Company said that its board approved the scheme of amalgamation of the company with Simran Wind Project, a wholly-owned subsidiary of the company. The scheme will come into effect on receipt of necessary approvals for the same, including approval of the stock exchanges and such other statutory authorities as may be required. The announcement was made after market hours yesterday, 6 July 2017.
Powered by Capital Market - Live News