Banks did align with RBI’s rate signal by lowering lending rates marginally.
The New Land Ordinance is perceived by some critics as an attempt to dilute the gains that had been made in enacting the land acquisition law of 2013.
Modi must implement dramatic changes with alacrity and the changes should characterise permanence.
The proroguing of the Rajya Sabha and the repromulgation of the Land Ordinance could be a clever ploy to dare the Opposition to defeat the Bill in Upper House.
Modi wave drove up shares during FY15 but uncertainty over reforms may retard the Bull Run in FY16.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months