TOP CORPORATE NEWS - 30 NOV 2015

GDP growth is expected to be at 7.3% vs 7.0% QoQ

GDP data for Q2FY16 would be announced today (30th November 2015) and as per the consensus estimates the GDP growth is expected to be 7.3% versus 7.0% QoQ

Reliance Infrastructure plans assets sale to be debt free

As per media reports, Reliance Infrastructure is expected to turn debt free on a standalone basis by 2017 and the company’s management is actively pursuing divestment goals to achieve target.

The company is undergoing a major transformation after which it hopes to be become a defence major while continuing its strong interest in power distribution and EPC business

Eicher Motors’ subsidiary launches two new vehicles

Eicher Motors’ subsidiary VECV has launched two new vehicles under the Pro series targeting the mining segment. The company has launched Pro 8031XM tipper and Pro 6025T box body vehicle. Positive for the company.

Bharat Forge to set up Rs500 cr defense facility in Telangana

Bharat Forge to set up a Rs500 cr defense facility in Telangana along with JV partner Israel’s Rafael Advanced Defense Systems.

Bharti Airtel announces Rs60,000 crore investment – "Project Leap"

Bharti Airtel Ltd has submitted a copy of Press Release dated November 30, 2015 titled 'Bharti Airtel announces Rs60,000 crore investment on a comprehensive network transformation program – ' Project Leap'.

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