Punjab National Bank: Public sector lender Punjab National Bank on Wednesday said it is eyeing total business size of Rs 9.5 lakh crore for 2014-15, up by 18 per cent over business mix of last fiscal.
Jindal Steel Ltd: The Company seeks shareholders' approval for creation of charge on assets in favor of lenders. Approval also sought for raising 100b rupees selling NCDs via private placement.
JSPL Ltd: Jindal Steel and Power % (JSPL) will seek shareholder approval to raise up to Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis.
HPCL: State-owned Hindustan Petroleum Corp Ltd is likely to buy 11-15 per cent stake in Petronet LNGBSE 1.62 % Ltd's Rs 5,000 crore LNG import terminal on the east coast.
SKS Microfinance Ltd: SKS Trust stated on Wednesday that it had divested a 7.59 per cent stake in SKS Microfinance, in a block deal. The price was Rs 225-230 a share. It has an additional 4.88 per cent holding in SKS Microfinance.
Kalindee Rail Nirman (Engineers) Ltd: It announced that the Board of Directors of the Company at its meeting held on 21 May 2014, has approved a Scheme of Amalgamation, whereby the Company shall be amalgamated into and with Texmaco Rail & Engineering (Texmaco), by way of a Scheme of Amalgamation in terms of Sections 391 to 394 of the Companies Act, 1956.
Texmaco Rail and Engineering Ltd: The wagon maker, on Wednesday said it had posted a loss of Rs3.5 crore in the March quarter as against a profit of Rs8.85 crore in the same period a year ago because of "an unprecedented delay in release of wagon orders by Indian Railways".
Titan Company, TBZ: The Reserve Bank of India (RBI) on Wednesday liberalised gold import norms under the 80:20 rule. Though the ratio hadn't been changed, star and premier export houses had been allowed to import the commodity, while banks and nominated agencies had been allowed to provide gold for domestic use as loans to jewellers and bullion traders, said a notification issued by RBI.
M&M Ltd: Hit by the prolonged industry slowdown, automobile manufacturer Mahindra & Mahindra (M&M) is to halt production at its plants for up to three days this month. However, the stoppage in production will not have any adverse impact on availability of vehicles, said media reports.
Jindal Steel Ltd: The Company seeks shareholders' approval for creation of charge on assets in favor of lenders. Approval also sought for raising 100b rupees selling NCDs via private placement.
JSPL Ltd: Jindal Steel and Power % (JSPL) will seek shareholder approval to raise up to Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis.
HPCL: State-owned Hindustan Petroleum Corp Ltd is likely to buy 11-15 per cent stake in Petronet LNGBSE 1.62 % Ltd's Rs 5,000 crore LNG import terminal on the east coast.
SKS Microfinance Ltd: SKS Trust stated on Wednesday that it had divested a 7.59 per cent stake in SKS Microfinance, in a block deal. The price was Rs 225-230 a share. It has an additional 4.88 per cent holding in SKS Microfinance.
Kalindee Rail Nirman (Engineers) Ltd: It announced that the Board of Directors of the Company at its meeting held on 21 May 2014, has approved a Scheme of Amalgamation, whereby the Company shall be amalgamated into and with Texmaco Rail & Engineering (Texmaco), by way of a Scheme of Amalgamation in terms of Sections 391 to 394 of the Companies Act, 1956.
Texmaco Rail and Engineering Ltd: The wagon maker, on Wednesday said it had posted a loss of Rs3.5 crore in the March quarter as against a profit of Rs8.85 crore in the same period a year ago because of "an unprecedented delay in release of wagon orders by Indian Railways".
Titan Company, TBZ: The Reserve Bank of India (RBI) on Wednesday liberalised gold import norms under the 80:20 rule. Though the ratio hadn't been changed, star and premier export houses had been allowed to import the commodity, while banks and nominated agencies had been allowed to provide gold for domestic use as loans to jewellers and bullion traders, said a notification issued by RBI.
M&M Ltd: Hit by the prolonged industry slowdown, automobile manufacturer Mahindra & Mahindra (M&M) is to halt production at its plants for up to three days this month. However, the stoppage in production will not have any adverse impact on availability of vehicles, said media reports.
