·Pokarna receives Greenguard and Greenguard Gold Certification
Pokarna announced that its 100% subsidiary, 'Pokarna Engineered Stone' products have received Greenguard and Greenguard Gold Certification from UL Environment, a division of UL (Underwriters Laboratories), the global safety science leader. PESL is the first Indian Quartz surfaces manufacturer to have Greenguard and Greenguard Gold Certification.
·Piramal plans to invest $800 mn in realty projects
Piramal Fund Management Ltd, a unit of Piramal Enterprises Ltd, will invest up to Rs5000 crore ($803 million) before March 2016 to finance construction projects.
The fund manager said on Tuesday it would invest Rs1100 crore to finance nine construction projects across major Indian cities.
·Budget 2015: To announce incentives for medical devices sector
After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package, including tax benefits, in the forthcoming Budget for domestic manufacturers.
In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.
·Indian hotel industry revenues to grow by 9-11% in FY2016
ICRA: The Indian hotel industry revenues are expected to grow by 9-11% in FY2016 (driven by 5-8% growth in occupancy and 3-4% growth in the room rentals), the growth is expected to be 5-8% - positive read through for Indian Hotels, Taj GVK and ITC’s hotel business.
·Sumeet Inds to set-up 10.5 MW Wind Power Plant; stk up
Sumeet Industries rose over 10%, touching to Rs20.4, after the company said that it is going to setup 10.5 megawatts wind power plant. Sumeet Industries announced that the Company is going to setup 10.5 MW (5 nos. of Turbine of 2.1 MW each) Wind Power Plant at a Capital Cost of Rs77.51 crore and for the said project IDBI Bank has sanctioned Rs57.75 crore.
·ABB India marks sales of 1Gw of solar inverters
ABB India today became the first company to reach sales of a cumulative capacity of 1Gw solar inverters. This was marked with the roll out of an order for Tata Power Solar's project for Kiran Energy Solar Power at its manufacturing facility at Nelamangala, about 45 kms from here.ABB India commenced local manufacturing of solar inverters in 2012 and partnered with several customers, the company said at a function, here today.
·Ashok Leyland promoters release pledge on 26.4 crore shares
Ashok Leyland promoters have released pledge on 26.4crore (9.28% of equity) shares. The number of pledged shares now stands at 21crore (7.36% of equity). Sentimentally positive for the stock.
·Infosys gains on fresh investment plans
As per media reports, Infosys is about to make its second
startup investment this year, in a firm that makes air quality detectors as India's second-biggest software company doubles down on identifying next generation technologies under the new CEO Vishal Sikka.
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