TOP CORPORATE NEWS - 16 MAR 2016

TVS Motors eyes 10% sales growth in FY2017

TVS Motor Company expects its domestic two wheeler sales to grow by 10% in FY2017 as against a growth of about 8% in the current fiscal. In FY17, TVS expects the industry growth to pick up to 5 to 6% as against 1% growth in the current fiscal.

TVS is targeting to outpace the industry in FY2017 on back of the recently relaunched “Victor” motorcycle and to be launched premium motorcycle “Apache 200”.

Indiabulls plans to raise Rs100 cr via NCDs

Indiabulls Real Estate (IBREL) plans to raise Rs100 crore through private placement of non-convertible debentures (NCDs).

The company proposes to issue secured, redeemable, non-convertible debentures of face value Rs10 lakh each aggregating Rs100 crore, on a private placement basis.

The issue will open on March 18.

L&T wins orders worth Rs1672 crore

L&T has won orders worth Rs1672 crore which comprise of Rs967 crore in building & factories, Rs580 crore in power T&D and Rs125 crore in water & effluent treatment business – Positive for L&T.

Rajesh Exports drops ahead of board meeting

Rajesh Exports dipped over 13% to Rs582, after the company scheduled a board meeting on March 21, 2016, to consider and discuss certain business propositions.

The company will also consider declaration of interim dividend for the year ending March 2016 in its board meeting scheduled to be held on March 21, 2016.

HCL Tech wins Rs60 crore RBI contract

HCL Technologies wins contract worth Rs60 crore to upgrade RBI's IT infrastructure, as per media report.

The stock opened at Rs813.45 marking days low at Rs807.50 with an intraday high of Rs816.50.

                                     

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