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Tuesday, January 20, 2015

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Reliance Communications allots equity shares
Reliance Communications (RCOM) announced that the Committee of Directors at their meeting held on January 20, 2015 have allotted 8,66,66,667 equity shares to Telecom Infrastructure Finance (TIFPL), a Promoter Group company, against Warrants issued to them. As a result, the Promoter Group's holding has gone up to 59.70% from existing 58.25%. The Paid up share capital of the Company is increased from Rs1201.16 crore to Rs. 1244.49 crore.

Force Motors sets sights on defence sector
Force Motors Limited, is actively looking at tapping the huge potential that the Indian defence sector offer. It already supplying paramilitary ambulances to the armed forces since the last year.It has the capabilities to customise our vehicles for troops movement etc.

RBI asks banks to review base rate every quarter
RBI has asked banks to notify the base rate, at least once in every three months based on cost of funds, a move seen as a nudge to lenders to pass on changes in policy rate to borrowers.  At present, the review of the base rate does not have a fixed schedule. While banks have the freedom to calculate cost of funds the methodology should be reasonable reasonable and transparent provided and consistent.

Jaitley to boost public spending on Infrastructure
Mr. Arun Jaitley has said that the centre will focus on encouraging domestic and international investments in manufacturing and infrastructure in coming months. The centre was working on measures to support road infrastructure to kick off investments and housing, particularly in the affordable and poor segments. The development is positive for road developers like IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering among others.

Ramky Infra bags order worth Rs209.89 crore
Ramky Infrastructure announced that the JV (70% holding Ramky Infrastructure) has been awarded the project worth Rs209.89 for rehabilitation and upgradation of NH-43 from 180km to 241km to two lane with paved shoulder in the state of Chattisgarh under NHDP-IV through EPC route by Ministry of Road Transport & Highways. The development is positive for Ramky Infrastructure.
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