Andhra Bank to raise fund in additional equity
Andhra Bank has got shareholder approval to raise Rs120 crore in additional equity by issuing shares to the government. The bank will issue 1,32,31,888 equity shares of face value Rs10 each for cash at Rs90.69 to the government. Kaveri Seeds Management view: Unseasonal rains to impact loss
Unseasonal rains is likely to impact loss of around Rs1000 crore in Maharashtra and overall food grain production is estimated to fall by 3% in 2015.Company is optimistic about FY2016 despite current challenges. The company is likely to gain market share in cotton and higher corn acreage will drive growth FY2016. Company doesn’t see significant impact on cotton acreage next season.
SBI to turn down $1 billion loan request from Adani Enterprises
As per media flash, SBI is preparing to turn down a $1 billion loan request from Adani Enterprises intended for a $7 billion coal project in Australia, scrapping a preliminary deal signed last year – Sentimentally negative for Adani Enterprise.
BHEL gains on commissioning thermal unit
Bharat Heavy Electricals Ltd ( BHEL) rose over 2%, touching to Rs259.85, after the company said that it has successfully commissioned the fifth 270 MW thermal power project unit at the Amravati project of Rattan India Power.
Hindalco faces trial in coal block allocation case
Hindalco is facing trial in the coal block allocation case for the Talabira II-mine in Odisha in a special court, the CBI has filed a fresh FIR and begun a separate probe into diversion of coal from Talabira-I mine –sentimentally negative for the stock.
Intraday Stock Tips Share Market Tips Stock Advisory Company
0 Comments