·
CG to energize 35 million
households in France
Crompton Greaves,
part of Avantha Group, has won a 3-year contract from the French distribution
network operator Electricity Réseau Distribution France (ERDF) to provide
maintenance and repair services to 4,500 high power transformers.These
transformers of ERDF, which manages 95% of the electricity distribution network
in France, are credited with supplying energy to 35 million households in
France
·
Bombay HC allows Nestle to send
fewer samples of Maggie
Nestle can send
fewer samples of Maggie as per Bombay HC instructions – sentimentally positive
for the stock. The Bombay high court clarified that five samples each from
among the available nine Maggi variants can be sent for lead testing to three
laboratories. So the company need not have to send five samples each from 750
stored cases of these variants as mentioned in an order last month. Hence the
samples to be sent for testing now would be 30 each to three laboratories.
·
Reliance tests presence of
natural gas in KG-D6 block
Reliance
Industries has successfully tested presence of natural gas in one of the two
KG-D6 block natural gas discoveries which the sector regulator DGH had
previously refused to recognize as DST test was not done. RIL last week
completed Drill Stem Test (DST) on the Dhirubhai-29 (D-29) gas discovery that
established presence of hydrocarbon. Further, the DST will be done in D-30 in
the Bay of Bengal for conducting similar test soon.
·
Coal India faces difficulty in
finding buyers for e-auction
Coal India is facing
difficulty in finding sufficient buyers on its e-auction platform. In July,
only 68% of the coal offered in e-auction found takers, which was around 90%
earlier.
This is primarily
on account of weak demand scenario for the user industries like steel and
cement. – Sentimentally Negative.
·
HDFC Bank aims to add 100
branches in east by FY16
The country’s
second biggest private sector lender by assets HDFC Bank is stepping up
expansion in India’s eastern region, and is planning to add 100 new branches before
the end of the ongoing fiscal.
The bank which
currently has around 500 branches in eastern India, is aiming to take its total
count to 600 branches by the end of FY 2015-16, as per reports. Out of the 600
branches, the state of West Bengal is likely to host 195-200 branches of HDFC
Bank.
·
ICICI Bank allots 218,005
equity shares under ESOS
ICICI Bank Ltd has
informed BSE that the Bank has allotted 218,005 equity shares of face value of
Rs. 2/- each on September 03, 2015 under the Employees Stock Option Scheme,
2000 ( ESOS).
·
Allahabad Bank to allot shares
to government at Rs96.98 per share
Allahabad Bank to
allot shares to government at Rs96.98 per share – sentimentally positive
.Allahabad Bank has called for EGM to allot 2.91 crore shares to government
at Rs96.98 (25% premium to CMP) and hence positive.
