Hero MotoCorp announced before market hours today, 3 January 2017 that sales fell 33.91% to 3.3 lakh units in December 2016 over December 2015. The company's manufacturing facilities at Gurgaon, Neemrana and Haridwar were closed from 26-31 December 2016 on account of annual maintainence.
ICICI Bank announced that it has reduced Marginal Cost of funds based Lending Rate (MCLR) by 0.7% across various maturities with effect from 3 January 2017. The announcement was made after market hours yesterday, 2 January 2017.
HDFC announced the addendum - issue of secured redeemable non-convertible debentures of Rs 1 crore each under shelf disclosure document dated 5 August 2016 aggregating to Rs 35000 crore prepared as per the provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008. The announcement was made after market hours yesterday, 2 January 2017.
Tata Motors said its passenger and commercial vehicle total sales rose 2% to 40,944 units in December 2016 over December 2015. The company's domestic sales of Tata commercial and passenger vehicles rose 1% to 35,825 units in December 2016 over December 2015. Exports surged 12% to 5,119 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.
SML Isuzu's total sales rose 16.4% to 1,021 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.
Power Grid Corporation of India announced that in terms of Government of India communication on 23 September 2016, on receipt of purchase consideration of Rs 81.21 crore, the company has transferred 3.06 crore equity shares of Rs 10 each of Power System Operation Corporation Limited (POSOCO) to Government of India. The announcement was made after market hours yesterday, 2 January 2017.
Insilco after market hours yesterday, 2 January 2017, said that the company will continue plant shut down due to high inventory and low sales volume and restart in the evening of 4 January 2017. The company had on 19 December 2016, announced shut down of its plant from 19 December 2016 to 2 January 2017.
Great Eastern Shipping Company (G E Shipping) has signed contracts to buy two Suezmax Crude Carriers of about 157,000 dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY 17. The company's current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carriers) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmaxes, 6 Supramaxes) with an average age of 9.89 years aggregating 2.94 million dwt.
Additionally, the company has 2 Secondhand Aframaxes, 1 Secondhand Suezmax and 1 Newbuilding Kamsarmax on order. After delivery of these 6 contracted vessels, the company will have a fleet of 44 vessels. The announcement was made after market hours yesterday, 2 January 2017.
Aban Offshore announced that it has completed the sale of 59% equity shares held by Aban Offshore in Aban Green Power Private Limited and Radhapuram Wintech Private Limited - subsidiaries of Aban Offshore Limited. The company also completed the acquisition of 49% equity shares in Aban Drilling Services Private Limited. The announcement was made after market hours yesterday, 2 January 2017.
Lakshmi Vilas Bank announced that the bank has launched Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 pursuant to the RBI notification dated 16 December 2016. The announcement was made after market hours yesterday, 2 January 2017.
TVS Motor Company's sales fell 8.47% to 1.84 lakh units in December 2016 over December 2015. The announcement was made after market hours yesterday, 2 January 2017.
Zicom Electronic Security Systems announced that Zicom SaaS Private Limited, a wholly owned subsidiary of the company, has launched managed security services in Hyderabad under 'Make Hyderabad Safe' Initiative. The announcement was made after market hours yesterday, 2 January 2017.
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