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Tuesday, April 7, 2015

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Supreme Infra bags EPC work of Rs207.15 cr
Supreme Infrastructure India has announced that the Company has bagged the EPC work of Rs207.15 crores of National Highways Authority of India ( NHAI). The EPC project consists of 4 Laning of Kharar-Kurali Section of NH-21 from km 15.765 to km 29.900 (Design Chainages) (New NH-205) In the State of Punjab. The above contract is the cash contract with the Interest free advance payment from NHAI up to 10% of the contract price.

RBI Keeps Repo Rate Unchanged at 7.5%
The Reserve Bank of India (RBI) in its first bi-monthly monetary policy statement for 2015-16 kept the repo rate unchanged at 7.5%. Also, the cash reserve ratio ( CRR) was unchanged at 4%.

CRISIL assigns 'Negative' outlook to DLF's long-term
CRISIL has assigned 'Negative' outlook to real estate major DLF Ltd's long-term loans and debt instruments on account significantly high debt level, weak operating cash flows - Negative for the stock.        
                                                                                                  Glenmark gets final ANDA nod from USFDA
Glenmark Pharmaceuticals announced that its US subsidiary, Glenmark Generics Inc., has been granted final abbreviated new drug approval (ANDA) from the United States Food and Drug Administration (USFDA) for Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/2.5 mcg and 1mg/5 mcg. Glenmark will commence distribution of the product immediately.

Ashok Leyland promoter releases 33.4 crore shares
Ashok Leyland promoters Hinduja Automotive Ltd has released 33.4 crore shares from pledge with HSBC. The total pledge shares have reduced from 16.6% of share capital to 4.93% post the release -  Positive for the company.

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