Axis Bank: Rating Agency Moody’s rated Axis Bank’s proposed additional tier I capital bonds, as part of its global medium term note (GMTN) programme, three notches below its baseline credit assessment (BCA) and adjusted BCA, on the back of likelihoods of impairment.
Reliance Industries: Mukesh Ambani led conglomerate is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp. It will help RIL access cutting-edge technology and global manufacturing capabilities.
Bharti : A day after announcing capital-raise of Rs 21,000 crore via a rights issue, telecom czar Sunil Bharti Mittal made a passionate pitch for hike in tariffs and a cut in government levies to save the industry.
ONGC: India’s largest oil and gas producer is eyeing generating electricity from wind at its vast offshore acreage as it looks to augment its renewable energy portfolio, its chairman Subhash Kumar said.
Larsen & Toubro: The hydrocarbon arm of engineering giant flagged-off the first set of piperack modules for India’s maiden residue upgradation facility (RUF) for HPCL’s Vizag refinery.
Union Finance: Chennai-based non-banking finance company is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said.
NHPC: The state-run hydro power giant said that Unit-3 of 60 MW at Bairasiul power station is commissioned after completion of Renovation and Modernization works.
Future Group Stocks: US e-commerce giant Amazon has written to Sebi requesting the market regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed Rs 24,713-crore Future-Reliance deal.
Shriram EPC: IDBI sold more than 1.96 crore equity shares of the company via open market transaction, reducing shareholding to 0.07 per cent from 2.1 per cent earlier.
Acrysil: The company announced further expansion of production capacity by an additional 1,60,000 Quartz Sinks per annum through greenfield project at Bhavnagar in Gujarat, taking the overall capacity to 10,00,000 sinks (1 million sinks) per annum.
Aviation Stocks: Budget carrier Go Airlines, which has rebranded itself as ‘Go First’, has received market regulator Sebi’s go-ahead for an initial public offer worth Rs 3,600 crore. Shares of
and may attract demand on Dalal Street.
