Thursday 4 June 2015

Top corporate news of the day - June 4, 2015

Future Group  said it is removing the packs of Maggi noodles from its stores such as Big Bazaar, Food Bazaar, Nilgiris, Easyday.

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Future Group  said it is removing the packs of Maggi noodles from its stores such as Big Bazaar, Food Bazaar, Nilgiris, Easyday.

Larsen & Toubro (L&T) bagged a Rs4.68bn contract from the Ministry of Defence for the design and construction of a floating dock for the Indian Navy (FDN).

Maruti Suzuki India (MSI) launched a diesel variant of hatchback Celerio, powered by parent Suzuki's first diesel engine, priced between Rs.0.465-0.571mn (ex-showroom Delhi).

Punjab National Bank (PNB) slashed interest rates on fixed deposits by 0.25% on select maturities, a move which could be seen as precursor to a cut in the lending rate.

Reliance Capital plans to set up a global commodity exchange in International Finance Service Centre at GIFT City here, along with a host of other international business. 

Balmer Lawrie is planning to expand its distribution network and double its market share over the next five years.

Oberoi Realty said its board has passed an enabling resolution for raising up to Rs22.5bn by issuing debentures and equity shares through public offer and private placement.

Tech Mahindra expects digital revenue to cross US$500 mn  by the end of 2015, helping the company move towards its US$5bn topline target. 

PTC India Financial Services said it has raised Rs.2.13bn through a private placement of non-convertible debentures.
Bharti Airtel said it has approached investors for issuance of 10-year US dollar bonds.

Indian Oil Corp (IOC) will next week import a shipload of crude oil from Iraq to fill up the nation's maiden strategic oil reserves to insulate it from supply disruptions. 

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