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30 Jun 2016
Bata India Among Three Preferred Stocks for Short Term
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The mandates are out, Brexit is behind us, and the market is back on track. The market has surprised many by the way it has panned out. Since the market did not show any excessive panic, it can be safely concluded that they are poised for another leg up. Although Bata India share price slipped 3.90 points down Intraday Thur
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30 Jun 2016
The Release of Tolerance Based Machining' By Geometric
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On June 30, 2016, in Mumbai, India, Geometric Limited announced the availability of a revolutionary new technology. This technology uses SOLIDWORKS 3D DimXpert and Model Based Definition (MBD) 3D dimensions. It also uses annotations to automate the programming process for CNC machined components. CAMWorks is uniquely structured to realize the benefits of automated CNC Program generation based on tolerance, surface finish, and other annotations in SOLIDWORKS 3D parts. It also aligns with industr
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30 Jun 2016
Subsidy of Deepak Fertilizers Released
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India's leading producers of industrial chemicals and fertilisers, Deepak Fertilisers highlights quality and trust. It has established itself in a prime position over the last few years around Indian and global markets. Deepak Fertilisers is concentrates on actively shaping a hopeful future in a swiftly and dynamically changing world. NEW DELHI: Deepak Fertiliser reported that Ministry of Chemicals and Fertilizers has allowed to release about Rs
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30 Jun 2016
SBI\'S business strategy \'right on track\': Deutsche Bank
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German global banking and financial services entity Deutsche Bank today said the mere PSU bank gaining market share with the right basics in retail loans is the largest lender of India - the State Bank of India ( SBI share price is up by 0.97% on NSE). The brokerage firm said that the SBI is the mere bank becoming more efficient with correct investments in digital. It has raised target price on SBI by 13 per cent to Rs.270 per share with a buy rating. SBI's business strategy focusing
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30 Jun 2016
Bank of Baroda is to be made future ready
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The CEO of Bank of Baroda, PS Jayakumar, is not actually looking to reinvent the banking wheel, instead evaluating the strengths and the weaknesses of the institution. Bank of Baroda's exposure to a single entity is no more than Rs 2,000 crore. The chief point is to make it 'universal bank' with an array of services ranging from corporate lending to retail to investment banking to insurance business. The Bank of Baroda share price are currently trading at Rs. 153.95 (up by 0.03%). Jay
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30 Jun 2016
SBI seeks DRT certificate to recover debts from Mallya
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The State Bank of India (SBI) pleaded before the Debt Recovery Tribunal(DRT) here for granting recovery certificate to start proceedings against Vijay Mallya to recover debts from him in the alleged bank loan default case. ( SBI share price opened at Rs.220 on NSE today ). SBI Counsel Nagananda said that they had not been able to trace the money (40 million US dollars) which was transferred to liquor baron Mallya by Diageo Plc and subsidiaries. Therefore, he added tha
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30 Jun 2016
Prism Cement share price rose 19%, intraday
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Prism Cement share rose 19% intraday Wednesday as the company is set to get 1.2 lac tonnes per annum of coal from Coal India's subsidiary.Prism Cement in its filing said that the company had bid successfully for 1,20,000 tons per annum of coal from the South Eastern Coalfields in an auction of coal linkages for the cement industry, which was held recently. The company further said that it had secured part fuel requirement for the coming 5 years and the allocation by Coal India had been made at floor price. Howe
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30 Jun 2016
ITC to set up Nine Plants Across India
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ITC, the FMCG giant, is ready to open nine new food manufacturing units across India. The company will be investing around Rs. 4,000 crores over 2-3 years for completing the set-up. V L Rajesh, CEO of ITC food made a statement that they have plans of putting eight to nine massive factories in the course of three years time. They have confirmed the investment of Rs. 4,000 crores for the factories that will manufacture products across different categories. Meanwhile, today,
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30 Jun 2016
Coal India's Imports Slipped by 5% In April-May
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The largest coal producer company in the world, Coal India supplies approximately 82%of the coal production in India. It produced around 494.24 million tonnes of coal during FY 201415and collected revenue of INR 954.35billion from sale of coal in the same financial year. During 30 January 2015, the Indian Government owned 79.65% of the equity shares of the company and the remaining equity shares accounting to 20.35% were owned by others. On 30th June 2016 Coal India shares prices are trading at Rs. 312.60
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30 Jun 2016
Jsw Energy: Shareholders Nod to Raise 12,500 Cr In Fy17
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NEW DELHI: JSW Energy has sought approval from shareholders to raise Rs.12,500 cr through issuance of equity shares, securities and other instruments, the company said. JSW share price opened at Rs.85.75 on NSE today.The special resolution to raise Rs.5,000 cr through redeemable non-convertible debentures on private placement-basis is listed on the agenda for annual general meeting to be held on 21st July, 2016, JSW Energy said in a Bombay Stock Exchange (BSE) filing.