Aurionpro Solutions announced that Bank of Khartoum Group (BOK), the largest and oldest bank in Sudan, has selected iCashpro+ cutting edge cash management platform with the corporate front‐end and payments to empower their UAE and Bahrain international branches' operations. The solution will enable BOK to effectively manage and facilitate its cash management services to its corporate and SME customers in UAE and Bahrain. The announcement was made after market hours yesterday, 17 September 2018.
Gujarat Gas (GGL) will be watched. Petroleum and Natural Gas Regulatory Board (PNGRB) has issued the letter dated 6 September 2018 for Grant of Authorisation to GGL to lay, build, operate, or expand city or local natural gas distribution network ('CGD network') for the Geographical Area of Narmada (Rajpipla) district in Gujarat. GGL has accepted the authorisation in Schedule D of the PNGRB vide a confirmation letter to PNGRB on 17th September 2018. GGL has been granted 300 months of infrastructure exclusivity i.e. valid up to 5 September 2043 and 96 months of marketing exclusivity valid up to 5 September 2026 for the CGD network. Further, the authorised area for laying, building, operating or expanding the proposed CGD Network shall cover a geographical area of 2,817 square kilometres. The announcement was made after market hours yesterday, 17 September 2018.
Bank of Maharashtra said that its request to set-off accumulated losses worth Rs 2543.66 crore from its share premium account was rejected by the Reserve Bank of India (RBI). The announcement was made after market hours yesterday, 17 September 2018.
Mcleod Russel India said it has decided to dispose its Assam's Bargang tea estate to Amgoorie India for Rs 59.65 crore and Harchurah tea estate to Goodricke Group for Rs 31.64 crore. The announcement was made after market hours yesterday, 17 September 2018.
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