NTPC enters into Rs10,000-crore agreement with SBI
Country's largest thermal power producer NTPC has signed a term loan agreement of Rs10,000 crore with state-run lender SBI for partially funding its capital expenditure.
Shares of the company were trading at Rs140, up 0.54% on the BSE. The loan agreement was signed in the presence of Arup Roy Choudhury , CMD, NTPC , Arundhati Bhattacharya, Chairperson, SBI and K Biswal, Director (Finance) NTPC.
ICICI Bank allots 29,850 equity shares
ICICI Bank Ltd has informed BSE that the Bank has allotted 29,850 equity shares of face value of Rs2 each on January 15, 2015 under the Employees Stock Option Scheme, 2000 ( ESOS).
BHEL bags EPC order worth Rs1,202 crore
BHEL bagged a Rs1,202-crore order for 370 MW gas-based combined cycle power project in Karnataka. The contract was for setting up a Combined Cycle Power Plant (CCPP) in Karnataka on EPC (Engineering, Procurement and Construction) basis by the Karnataka Power Corporation. BHEL's scope of work in the project includes manufacturing, engineering, designing, construction, erection, commissioning of the gas turbine-based combined cycle power plant. Positive for BHEL.
HUL enters Rs2 lakh crore m-cap club
HUL scrip gained over 2% to Rs943 on BSE in otherwise volatile markets, taking its market value to Rs2,04,090 crore. The company is at the ninth positions in overall market capitalization (m-cap) ranking.
The stock hit a record high of Rs944 in intra-day trade on BSE today, rallied 25% in past 10 trading sessions from Rs756 on January 2, 2015.Meanwhile, HUL has surpassed the private sector lender ICICI Bank in overall m-cap ranking, which is at 10th position with m-cap of Rs202,692 crore, data shows.HUL is now stands ahead of Coal India, the country's largest coal miner, which at eight in overall m-cap ranking having m-cap of Rs234,685 crore.
Axis Bank gains on strong Q3FY15 growth, asset quality stable
AXIS Bank Ltd has announced the following Unaudited Standalone results for the quarter ended December 31, 2014:Net profit at Rs1899.76 crore vs Rs1604.11 crore (YoY).Total Income at Rs10928.81 crore vs Rs9433.55 crore (YoY)Axis Bank reported strong growth in profits (up 18.4 YoY) to Rs1899.8 crore driven by healthy growth in net interest income (up 20.3% YoY) and lower provisions (down 30% QoQ).
The non interest income posted a growth of 24% YoY leading to 27% YoY growth in operating profits (PPP).Asset quality remained stable ( gross and net NPAs at 1.34% and 0.44% respectively) and was similar to that of Q2FY15.
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