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Friday, June 26, 2015

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NBCC up on new order from DDA
Shares of  National Buildings Construction Corporation (NBCC) gained by 6%, touching to Rs933.9, on order for project development from Delhi Development Authority ( DDA). National Buildings Construction Corporation announced that DDA has entrusted NBCC the project for Development of Lake View Complex, based on Transit Oriented Development ( TOD) norms on 25 acres DDA land at Trilokpuri, Delhi.

Pro Fin Capital arm to start commercial operations in July 2015
Pro Fin Capital Services announced that the Company's subsidiary company, Tera Natural Resources And Pellets ( TERA) has obtained necessary approval from the Office of the Director General of Mines for bauxite mining in the Kolhapur District, Maharashtra. The total reserves in the mines are estimated to be 25 million tones.
HCL Technologies allots 29,320 Equity Shares under ESOPs
HCL Technologies Ltd has informed that the Employees Stock Option Allotment Committee of the Company has on June 25, 2015 allotted 29,320 Equity Shares of Rs2 each, under the 2004 Stock Option Plan of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone upto 1,405,978,418 equity shares of Rs. 2/- each aggregating to Rs2,811,956,836

ICICI Bank reduces base rate
ICICI Bank announced a reduction of 5 basis points in its base rate to 9.70% per annum from 9.75% per annum with effect from today, June 26, 2015. With effect from July 01, 2010, interest rates on new loans and advances, including consumer loans, are determined with reference to the bank's base rate, ICICI Bank said.

SBI cuts bulk deposit rates by 50-75 bps
SBI cuts bulk deposit rates by 50-75 bps which will  marginally bring down cost of funds and help margins--positive.

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