TOP CORPORATE NEWS - 31 DEC 2015

4 stocks enter F&O segment with effect from January, 1^st

Godrej Consumer Products, Torrent Phrama, Concor and Jet Airways are included in F&O segment with effect from January, 1st 2016 – positive for respective stocks.

Petronet enters into binding SPA with RasGas

Petronet LNG announced that it has entered into a binding sale and purchase agreement ( SPA) with RasGas of Qatar for supply of an additional 1 million tonne a year (MTA) of LNG to India starting in 2016 for onward sale to Indian Oil Corporation, BPCL, GAIL (India) and Gujarat State Petroleum Corporation.

Kaveri Seed rises on bulk deal

Kaveri Seed Company surged over 9%, touching to Rs349, after Ashoka Pte bought 3.97 lakh shares of the company at Rs 337.71 per share in a bulk deal on the NSE yesterday, December 30, 2015.

Bombay HC approves demerger Crompton’s Consumer business

Bombay High Court has approved the demerger of Consumer business from consolidated business of Crompton Greaves. – Positive for Crompton Greaves.

Hero MotoCorp working on three performance motorcycles

Hero MotoCorp is working on three new motorcycle models which are expected to be launched in CY2016.

Of the three two motorcycles are in the 150-160cc range while one motorcycle is in the 200-250cc range and would replace the company’s flagship model ie  Karizma.

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