·RBI instructs banks to restructure loans of farmers
RBI has instructed banks to restructure loans of farmers whose crops have been damaged by the recent unseasonal rains and hailstorms. This will increase the proportion of restructured loans in P{SU Banks books and will lead to higher provisioning.
·Aurobindo receives USFDA nod for Atracurium Besylate Injections
Aurobindo Pharma announced that the company has received final approvals from the US Food & Drug Administration ( USFDA) to manufacture and market Atracurium Besylate Injection, 10mg/mL, 5mL single-dose vials (ANDA 206010) and 10mg/mL, 10mL multi-dose vials (ANDA 206011).
·Cadila plans to raise Rs3500 Cr Via NCD Issue
Cadila Healthcare is seeking shareholders' approvals for the issuance of the Equity Shares including Convertible Bonds/Debenture through Qualified Institutional Placement (QIP) and/or Depository Receipts or any other modes for an amount not exceeding Rs10,000 Crores and Unsecured/Secured Redeemable Non-Convertible Debentures/Bonds by way of Private Placement for an amount not exceeding Rs3500 Crores, subject to the overall borrowing limits of Rs10,000 Crores. Although, this is an enabling provisions and there may not be an immediate fund raising. ·Rane Engine sells part of its land in Chennai
Rane Engine Valve has sold one of its land parcels in Chennai for Rs 27.75 crore. The land was located at Alandur in Chennai. The company said the move was part of its consolidation efforts after shifting of its Alandur plant operations to other plants.
·Government launches scheme to promote hybrid, electric vehicles
The government has launched the FAME India scheme under which incentives will be offered on electric and Hybrid vehicles. Under the scheme incentives ranging between Rs1,800 to Rs29,000 for two wheelers and between Rs3,300 to Rs1.38 lakh for cars can be availed.
·Cipla's UK subsidiary to acquire a limited liability Company in Brazil
Cipla announced that Cipla (EU), U.K., a wholly owned subsidiary of the Company, has entered into a definitive agreement for acquisition of 100% stake in Duomed Produtos Farmaceuticos Ltda. ('Duomed'), a limited liability Company in Brazil for a cash consideration of Brazilian Real (R$) 1,293,600 (approx. Rs2.6 crore). Duomed was incorporated on June 10, 2013.
·ONGC oil production slightly up first time after 7 years
ONGC oil production is slightly up first time after 7 years on efforts of Oil Ministry- sentimentally positive .ONGC produced 22.263 million tons (MT) of crude oil during April 2014 to March 31, 2015, up from 22.247 MT in the previous fiscal. For 2015-16, ONGC is targeting a total of 26 MT of oil production - 22.732 MT from its own fields and another 3.268 MT from joint venture fields like Barmer block in Rajasthan.
·Skipper secures export order worth Rs400 cr
Skipper received an export order of Rs400 crore from Colombian market for supply of transmission towers. Very positive for the company as the company was having total export orders of around Rs500 earlier in the total order book of around Rs2200 crore. Thus it would add substantial visibility in future revenue. We remain positive of the stock.
·Sesa Sterlite, NMDC down on poor iron ore prices
Sesa Sterlite, NMDC slipped today, after Chinese iron ore futures fell amid persistent signs that tepid demand in China and growing supplies from top miners.
Get real time advice for Equity Trading Tips , Stock Cash Premium Tips , Equity Intraday Tips , Stock Cash Intraday , Stock Trading Tips, NSE Stock Market Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
RBI has instructed banks to restructure loans of farmers whose crops have been damaged by the recent unseasonal rains and hailstorms. This will increase the proportion of restructured loans in P{SU Banks books and will lead to higher provisioning.
·Aurobindo receives USFDA nod for Atracurium Besylate Injections
Aurobindo Pharma announced that the company has received final approvals from the US Food & Drug Administration ( USFDA) to manufacture and market Atracurium Besylate Injection, 10mg/mL, 5mL single-dose vials (ANDA 206010) and 10mg/mL, 10mL multi-dose vials (ANDA 206011).
·Cadila plans to raise Rs3500 Cr Via NCD Issue
Cadila Healthcare is seeking shareholders' approvals for the issuance of the Equity Shares including Convertible Bonds/Debenture through Qualified Institutional Placement (QIP) and/or Depository Receipts or any other modes for an amount not exceeding Rs10,000 Crores and Unsecured/Secured Redeemable Non-Convertible Debentures/Bonds by way of Private Placement for an amount not exceeding Rs3500 Crores, subject to the overall borrowing limits of Rs10,000 Crores. Although, this is an enabling provisions and there may not be an immediate fund raising. ·Rane Engine sells part of its land in Chennai
Rane Engine Valve has sold one of its land parcels in Chennai for Rs 27.75 crore. The land was located at Alandur in Chennai. The company said the move was part of its consolidation efforts after shifting of its Alandur plant operations to other plants.
·Government launches scheme to promote hybrid, electric vehicles
The government has launched the FAME India scheme under which incentives will be offered on electric and Hybrid vehicles. Under the scheme incentives ranging between Rs1,800 to Rs29,000 for two wheelers and between Rs3,300 to Rs1.38 lakh for cars can be availed.
·Cipla's UK subsidiary to acquire a limited liability Company in Brazil
Cipla announced that Cipla (EU), U.K., a wholly owned subsidiary of the Company, has entered into a definitive agreement for acquisition of 100% stake in Duomed Produtos Farmaceuticos Ltda. ('Duomed'), a limited liability Company in Brazil for a cash consideration of Brazilian Real (R$) 1,293,600 (approx. Rs2.6 crore). Duomed was incorporated on June 10, 2013.
·ONGC oil production slightly up first time after 7 years
ONGC oil production is slightly up first time after 7 years on efforts of Oil Ministry- sentimentally positive .ONGC produced 22.263 million tons (MT) of crude oil during April 2014 to March 31, 2015, up from 22.247 MT in the previous fiscal. For 2015-16, ONGC is targeting a total of 26 MT of oil production - 22.732 MT from its own fields and another 3.268 MT from joint venture fields like Barmer block in Rajasthan.
·Skipper secures export order worth Rs400 cr
Skipper received an export order of Rs400 crore from Colombian market for supply of transmission towers. Very positive for the company as the company was having total export orders of around Rs500 earlier in the total order book of around Rs2200 crore. Thus it would add substantial visibility in future revenue. We remain positive of the stock.
·Sesa Sterlite, NMDC down on poor iron ore prices
Sesa Sterlite, NMDC slipped today, after Chinese iron ore futures fell amid persistent signs that tepid demand in China and growing supplies from top miners.
Get real time advice for Equity Trading Tips , Stock Cash Premium Tips , Equity Intraday Tips , Stock Cash Intraday , Stock Trading Tips, NSE Stock Market Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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