SBI issues 30,000 Basel III compliant Tier-II bonds; stk up
State
Bank of India (SBI) rose over 2%, to Rs163.30, after the bank raised Rs3000
crore through issue of bonds on private placement basis.
Leading
PSU Bank, State Bank of India has said that it has issued 30,000, Basel III
compliant, Tier-II bonds in the nature of debentures, of face value of Rs10,
00,000 each.
Ultratech purchases two cement plants of JP Associates
JP
Associates, Ultratech – As per media reports, Ultratech’s purchase of two
cement plants of JP Associates in Madhya Pradesh will be folded into a larger
transaction under which JP Associates is seeking to divest its entire cement capacity.
However,
both the companies have declined to comment on the issue. If the development
goes through, it would be positive for both JP Associates and Ultratech.
Bajaj Auto launches CT100B for Rs30,990
Indian
two wheeler manufacturer Bajaj Auto has launched its CT100B");'> CT100B
commuter motorcycle, priced at Rs30,990 (ex showroom Delhi). It is powered by
the same 99cc engine from the older CT100 producing 8.2PS of power.
Tata Global gains on expansion plans
Shares
of Tata Global Beverages gained over 2% to Rs106.15 on NSE in an otherwise
subdued markets on reports that the company is looking to accelerate Starbucks
store expansion
After
going slow on expansion of Starbucks outlets owing to a host of reasons,
including issues with FSSAI, Tata Global Beverages plans to enhance the pace of
increasing the network of the coffee chain going forward.
SpiceJet surges 5% on robust sales in Jan
Shares
of SpiceJet rose 5% to Rs68.80 on Bombay Stock Exchange (BSE) after latest data
by the Directorate General of Civil Aviation (DGCA) indicate that the airline
has managed to register the highest passenger load factor in January.
