TVS Motor receives approval for Rs310 crore expansion plan
TVS
Motor has received an approval from Karnataka Government for its proposed Rs310
crore expansion plan for its Mysore facility.
The
approval comes in line with the company’s plans to expand its production
capacities. Positive for TVS Motor Company.
HDFC Q4 profit boosted by sale of Investment
Housing
Development Finance Corporation (HDFC) has announced the following Q4 &
FY16 results for the quarter & year ended March 31, 2016:
Standalone
For
the Quarter ended March 31, 2016 (Unaudited)
Net
Profit rose by 39.98% to Rs2607.05 crore Vs Rs1862.43 crore (YoY).
Total
Income increased by 23.72% to Rs9225.72 crore Vs Rs7456.43 crore.
Ujjivan IPO gets oversubscribed 1.22 times
The IPO of Ujjivan Financial Services has been oversubscribed 1.22
times during the morning trade on the last day of the offer today, as per
report.
The Rs885-crore public issue received bids for 3, 61, 64,170
shares against the total issue size of 2, 96, 63,706 shares, data available
with the NSE till 10:30 hrs showed.
Ujjivan's issue, which is scheduled to close today, comprises
fresh issuance of shares worth Rs358.16 crore and an offer for sale of up to
24,968,332 shares by the existing shareholders, as per reports.
Price band for the offer has been fixed at Rs207-210.
Petrol Price hikes by Rs1.06/Ltr, Diesel by Rs2.94/Ltr
Petrol price was today hiked by Rs1.06 per litre and diesel by
Rs2.94 a litre.
Petrol in Delhi will cost Rs62.19 per litre from midnight tonight
as against Rs61.13 currently, said Indian Oil Corporation (IOC), the nation's
largest fuel retailer.
Similarly, a litre of diesel will cost Rs50.95 compared to Rs48.01
at present.
RBI allows up to 60% Foreign Holding in Yes Bank
Reserve
Bank of India (RBI) has allowed foreign investors to buy up to 60% stake in Yes
Bank. The Bank passed resolutions at its Board of Directors' level and a
special resolution by the shareholders, agreeing for enhancing the limit for
the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
Foreign
Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)
can now invest from existing 49% up to 60% of the paid up capital of the bank
under the Portfolio Investment Scheme (PIS).
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